August 5, 2013
US employment up by 162,000 in July
The US economy added 162,000 new jobs in July, according to the US Labor Department. The figure - which measures the number of jobs outside the US farming sector - was below economists' expectations of more than 180,000 and the government also cut…
August 3, 2013
Dell shares jump 5.5% as board agrees to new buyout offer
Dell's shares have risen 5.5% after the firm's board accepted a new buyout offer from founder Michael Dell. The latest proposal add a one-off payment of 13 cents a share to last week's $13.75 a share offer. Mr Dell, together with investment firm…
August 3, 2013
US regulators demand clamp down on Apple e-book contracts
US regulators have called for Apple to be forced to cancel certain e-book contracts with major publishers. They added Apple should be hit with a five-year ban on entering distribution contracts deemed anti-competitive. The move follows a court…
August 3, 2013
Johnson & Johnson fined in China monopoly case
The healthcare giant Johnson & Johnson has become the latest foreign company to be accused of misconduct in China. A ruling by a Shanghai court ordered the US company to pay $85,000 (£56,000) to a local distributor for violating anti-monopoly…
July 19, 2013
Detroit becomes largest US city to file for bankruptcy
Detroit has become the largest US city ever to file for bankruptcy, with debts of at least $15bn (£10bn). The city, once a symbol of US industrial power, is seeking protection from creditors who include public-sector workers and their pension……
July 19, 2013
Google and Microsoft earnings disappoint
Two of the world's biggest technology companies, Google and Microsoft, have badly missed earnings expectations for the second quarter. Google reported profits of $9.7bn (£6.4bn), up 16% from a year ago but less than analysts were expecting.…
July 19, 2013
Tax cut for shale gas firms planned
The government has outlined plans to give tax breaks to companies involved in the UK's nascent shale gas industry. It has proposed cutting the tax on some of the income generated from producing shale gas - found in underground shale rock formations…
July 19, 2013
Dell delays vote on buyout by founder Michael Dell
Dell has announced an eleventh-hour delay on a vote on founder Michael Dell's plan to buy the computer maker. Thursday's vote at a shareholders' meeting at Dell's Texas headquarters has been put back until next Wednesday so the board can drum up…
July 19, 2013
US Stocks Hit Record Highs, Jobless Claims Decline
U.S. stock indexes (Dow and the S&P 500) hit new record highs by midday trading Thursday after some strong corporate earning reports, encouraging data on the job market, and reassurances from the head of the U.S. central bank. Thursday's report…
July 8, 2013
Positive US jobs numbers add to rate rise speculation
The US economy added a net 195,000 new jobs in June, official figures show. The figure was well above economists' expectations of 165,000. Revisions to data for April and May added a further 70,000 jobs to previous estimates. The jobless rate…