Risk assets rebound but high volatility persists

TOKYO - The price of shares and other risk assets staged a tentative recovery in early Asian trade on Thursday though volatility remained high as investors fretted over global economic health.

Recent Business News

U.S. private payrolls rise steadily; productivity revised up

WASHINGTON - U.S. private employers maintained a steady pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year. | Video

2:44pm EDT

Wal-Mart to reopen five U.S. stores at center of union complaint

- Wal-Mart Stores Inc said it would reopen in late October to early November five U.S. stores whose closure had prompted a union to file a complaint with the National Labor Relations Board, claiming the retailer was retaliating against workers for organizing.

6:41pm EDT

Oil turns higher as Wall Street rally offsets inventory rise

NEW YORK - Oil prices ended nearly 2 percent higher on Wednesday in volatile trade as rallying equities on Wall Street pulled crude up from lows after futures sank on concerns about global oversupply.

3:26pm EDT

Ackman's Pershing Square hedge fund drops 9.2 percent in August

BOSTON - Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China.

10:05pm EDT

Boeing delivers 14 Dreamliners, strong cash flow seen: sources

NEW YORK - Boeing Co delivered 14 of its 787 Dreamliners in August, exceeding for the second straight month its 10-a-month target and suggesting strong financial performance later in the year, people familiar with the situation said on Wednesday.

4:07pm EDT


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