Business

Photo

Asia stocks hobbled by growth woes, China PMI fails to impress

TOKYO - Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.

Recent Business News

Online financing, rising costs squeeze profits at China's midsize banks

SHANGHAI/HONG KONG - Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders.

22 Oct 2014

P&G shuffles management, focuses on streamlining co

CHICAGO - Procter & Gamble Co said on Wednesday that the head of its North American business, Melanie Healey, will retire next June, as the company puts together a new leadership team in an effort to revive sagging sales growth and gain market share.

22 Oct 2014

Boeing profit jumps 18 percent, but cash is scarce

- Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business.

22 Oct 2014

JPMorgan was alerted of hiring concerns in China before U.S. probe: WSJ

- JPMorgan Chase & Co executives in New York were aware of potential problems tied to its recruitment practices in China well before U.S. regulators launched a probe into the issue, the Wall Street Journal reported, citing sources and documents it reviewed.

U.S. Court hears arguments on sex discrimination at Goldman Sachs

NEW YORK - Goldman Sachs Group on Wednesday attacked expert evidence offered by attorneys for former female employees in a U.S. federal sex discrimination lawsuit, arguing there was no pattern of gender-based pay and promotion disparities at the bank.

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary