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Asian shares flat, yen hits two-week high ahead of BOJ

TOKYO Asian shares held near one-year highs while the yen hit a two-week high on Friday in nervous trade as investors waited to see if the Bank of Japan will come up with stimulus that would meet markets' expectations.

Recent Business News

Oil prices remain near April lows on ongoing oversupply

SINGAPORE Oil prices on Friday remained around April lows as slowing economic growth threatened to worsen ongoing oversupply of crude and refined products.

10:05pm EDT

Amazon tops Wall Street targets, lifted by cloud revenue

Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well.

7:09pm EDT

Ford calls an end to U.S. auto boom, rivals bet other way

DETROIT Ford Motor Co on Thursday declared the U.S. auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. | Video

6:45pm EDT

Bezos passes Buffett, becomes third-richest person: Forbes

Jeff Bezos, the founder and chief executive of Amazon.com Inc , has become the world's third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc .

9:39pm EDT

'Star Trek' licensing helps boost CBS earnings

CBS Corp , owner of the most-watched U.S. television network, on Thursday posted a 27.4 percent rise in quarterly profit that beat expectations as licensing revenue from its new "Star Trek" series offset slower advertising sales.

9:22pm EDT


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