Scramble for safety boosts yen, gold and bonds

SYDNEY Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping U.S. dollars on bets the Federal Reserve could be done raising interest rates.

Recent Business News

Yahoo announces first round of layoffs as it trims 15 percent of workforce

SAN FRANCISCO Yahoo Inc announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts.

5:51pm EST

Mylan to buy Swedish drugmaker Meda in $7.2 billion deal

Generic drugmaker Mylan NV said it would buy Meda AB in a $7.2 billion cash-and-stock deal in its third attempt to buy the Swedish company.

6:39pm EST

Boeing says to cut commercial airplane jobs to reduce costs

SEATTLE Boeing Co said on Wednesday it would cut jobs at its commercial airplane unit, addressing intense pressure to reduce costs and compete with Airbus even as the industry booms.

7:17pm EST

Amazon to buy back $5 billion of shares Inc , the world's largest e-commerce company, said on Wednesday its board authorized a $5 billion share buyback program.

Tech, Deals 5:17pm EST

Tesla expects to become profitable in 2016, shares surge

Tesla Motors Inc Chief Executive Elon Musk on Wednesday promised investors that the electric luxury car maker will start making money this year, sending the company's shares up sharply despite a wider fourth-quarter loss.

7:47pm EST


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