World stocks rose on Thursday from the previous session's one-month low, helped by firmer commodities, while European currencies slipped as concerns grew that the region's economy might already be in recession. Oil
U.S. foreclosure activity in July rose 55% from a year earlier as a slump in once-sizzling housing markets forced yet more borrowers to default on their mortgages, according to a monthly report.
Best Buy Co will likely gain market share from an agreement to sell Apple Inc's iPhone at its 970 U.S. stores, analysts said on Wednesday. The newly launched 3G iPhone, which lets
The University of Toronto and IBM Corp are building Canada's most powerful supercomputer, a mammoth machine that will need its own building for storage and will be capable of performing 360 trillion
Former Federal Reserve Chairman Alan Greenspan predicts U.S. house prices will begin to stabilize in the first half of next year, even as he faulted the government's rescue of mortgage market giants
BMW will recall around 200,000 vehicles to remedy a possible defect that could keep the front passenger airbag from opening in a crash, the world's biggest premium carmaker said. "BMW announced a
Oil rose above $116 a barrel on Thursday, boosting recently beaten-down commodity prices and stoking inflation fears, which hit shares in the financial sector. European equities were expected to open slightly higher,
Britain's largest mortgage lender HBOS Plc will cut up to 425 jobs and shut one of its five mortgage brands to new business as the group positions itself for a shrinking loan
Britain's leading share index rose over 1% early on Thursday as heavyweight commodity stocks tracked rising energy and metal prices, while British Land was the standout company to report numbers. At 0737
U.S. retail sales edged down 0.1 percent in July on a big drop at auto dealers, the government said on Wednesday in a report suggesting consumers were straining to keep spending up
