Business

Photo

Giving thanks for big stock gains

NEW YORK - U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.

Recent Business News

China's rate-cut likely to hurt banks, curb new loans to small borrowers

SHANGHAI - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

22 Nov 2014

Lockheed, Pentagon ink $4.7 billion deal for eighth batch of F-35 fighters

WASHINGTON - The Pentagon said on Friday it had awarded Lockheed Martin Corp a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch.

Europe not at risk of full-blown deflation: ECB's Constancio

FLORENCE Italy - Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday.

22 Nov 2014

Visa sees Visa Europe option now costing more than $10 billion

- Visa Inc , the world's largest credit and debit card company, said it might have to pay more than $10 billion to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it.

21 Nov 2014

Aviva in $8.8 billion deal to buy Friends Life after pensions shake-up

LONDON - British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for 5.6 billion pounds ($8.8 billion) as British pension reforms put pressure on insurance companies to find new business.

21 Nov 2014

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary