Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six ...

Markets recovered some ground on Monday on value hunting after last week's heavy losses, but investors remained wary over the euro zone despite world leaders pledging calling for Greece to stay in the ...

Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to ...

Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an ...

The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall ...

Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday ...

A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. ...

Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million annually, as high fuel costs and weak demand take a toll on ...

Australia will sign a free trade agreement with Malaysia on Tuesday in a move it hopes will add new momentum to stalled bilateral trade talks with other key Asian trading partners. Australia is still negotiating ...

The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco ...

JOHANNESBURG (Reuters) - South African Pioneer Food Group posted a 44 percent drop in first-half earnings on Monday, hit by costs related to an empowerment transaction and soft consumer spending. The group, which makes bread, breakfast cereal and juices, said diluted headline earnings per share for the six months to end-March totaled 129 cents from 231.4 cents a year earlier. Headline earnings are the main profit gauge in South Africa and exclude certain one-off, financial and non-trading items. ...

Singapore's Olam International emerges as the worstperformer on earnings quality (EQ) among 15 companies in thecountry's consumer staples sector, Thomson Reuters StarMine datashows. The data includes firms covered by at least three analysts. The company fares badly with an EQ score of 2, suggestingpoor earnings sustainability. Since May 16, 11 out of 25 analysts have cut their EPSestimates on Olam by 12.5 percent for the year ending June 2012. A five star analyst predicts revenue for June 2012 to beless than the mean estimate by 10.8 percent while anotherexpects it to be lower by 7.4 percent. ...

(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported.

(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. ...

A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances ...

Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. Facebook saw its shares rise a scant 0.6 percent to $38.23 on ...

U.S. banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker ...

It's been a tough week for the stock market, which is ending on a desultory note as Facebook's much-hyped IPO struggled.