The sales of US homes unexpectedly fell in July that had caused the US dollar to plunge against the Euro.
North America
Encouraging euro zone indicators and US trends hints at positive global economic recovery: analysts
Eurozone indicators and US trends point to a recovery in the global economy. Positive results from business surveys conducted in the Euro Zone as well as encouraging trends in the US all point to better prospects for the global economy.
Federal judge allows FIRREA law interpretation against Bank of America
A federal judge allowed the lawsuit filed by the Justice Department against a unit of Bank of America to proceed by endorsing a broad interpretation of the FIRREA.
President Obama meets with financial market regulators on Wall Street reform law
President Obama met with regulators of the US financial markets to discuss their progress on the implementation of the 2010 Wall Street Reform Law.
Rexnord acquires Micro Precision Gear Technology assets
Rexnord Aerospace announced acquisition for Micro-Precision Technology assets that would allow the two companies to expand their portfolio..
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Time Warner Cable offered free antennas for its cable subscribers after CBS had shut down cable programs
Mt. Gox's financial worries further increased after the US Department of Homeland Security took USD2.9 million from its Dwolla account and another USD2.1 million worth of frozen assets from the company's Wells Fargo accounts.
HopeFed Bancorp Inc. announced today that it had signed a Mutual Termination Agreement to end a previous merger contract with Sumner Bank & Trust of Gallatin Tennessee.
Uber, a startup company, confirmed that it had raise a total of USD258 million from Google Ventures and TPG and had taken several new members into its Board of Directors.
Microsoft CEO Steve Ballmer would sit as the second biggest shareholder in Microsoft, after co-founder Bill Gates, after his retirement to follow in the next 12 months.
American Homes 4 Rent (AMH) announced yesterday that it had fired a group of workers after financial losses were reported in the second quarter of the fiscal year.
JP Morgan Chase & Co. said that it would halt receiving any new businesses from foreign banks neither would it accept new clients.
American International Group Inc. (AIG) would get a hefty USD905 million settlement from Brookfield Asset Management to resolve a dispute tied to interest rate swaps.
American Airlines and US Airways Group had sought for a trial that would rescheduled an anti-trust lawsuit filed against the proposed merger of the two airline companies.
