After three years of rapidly unwinding holdings in banks that share the euro currency, U.S. money market funds have dipped back in.
Procter & Gamble announced plans Thursday to cut 5,700 positions globally by June of next year. In a presentation to the Consumer Analyst Group of New York, Procter & Gamble CEO Bob McDonald and CFO Jon Moeller said the cuts were part of a plan to save $10 billion in costs by 2016.
U.S. stocks closed higher Thursday, as investors digested better-than-expected economic news.
Gas prices are surging, and quickly headed toward $4 a gallon, as growing tensions over Iran sparks a run-up in oil prices.
Sears posted a massive loss Thursday, but it’s betting on a new set of initiatives to help turn things around…and put bankruptcy rumors to rest.
No one can be blamed for forgetting Big Trouble in Little China, the 1986 adventure-comedy flop starring Kurt Russell. But U.S. automakers may be starring in its soon-to-be panned sequel: Big Trouble in Big China, with Dan Akerson, Alan Mulally, and Sergio Marchionne in leading roles.
Newt Gingrich’s economic plan would do a lot of things. But reducing the debt and balancing the federal budget aren’t among them.
The 30-year fixed mortgage rate rose for the first time in four weeks, relinquishing its all-time record low amid news that the housing market is showing some signs of improvement.
Betting on a resurgence in manufacturing, states are aggressively rolling out the red carpet to businesses to set up shop or expand production within their borders.