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Oil rose above $126 a barrel on Friday, extending gains in the previous session after recent declines over the past two weeks. A weaker dollar is making oil futures more attractive to investors.
Emirates will become only the second airline to begin flying the Airbus A380 when it takes delivery of the new superjumbo at the start of next week.
The chief of TNK-BP has left Russia amid escalating tensions over control of the Anglo-Russian joint venture that is the country's third-largest oil producer, but he vowed Thursday to continue to run the company from abroad.
Samsung Electronics said Friday that second-quarter net profit grew 51 percent from the same period last year, amid strong performance in flat panels and mobile phones.
Even as Renault SA reported a 37 percent increase in six-month net profit Thursday, the French carmaker said it plans to cut jobs and scale back production to adjust for expected lower sales volumes and slowing economic growth.
Oil market investors tried but failed to start a rally in crude Thursday, leaving prices hovering below $125 a barrel after an earlier move higher. At the gas pump, prices continued their retreat.
Britain's leading online service providers are Thursday expected to join a government--backed scheme to tackle the illegal downloading of music and films, despite concerns it could curb the freedoms of Internet users.
"The email of the species is deadlier than the mail." So wrote the British actor and novelist Stephen Fry.
Credit Suisse Group returned to profit from subprime losses in the second quarter, posting a net income Thursday of 1.22 billion Swiss francs ($1.16 billion).
Oil rose above $126 a barrel on Friday, extending gains in the previous session after recent declines over the past two weeks. A weaker dollar is making oil futures more attractive to investors.
Emirates will become only the second airline to begin flying the Airbus A380 when it takes delivery of the new superjumbo at the start of next week.
The chief of TNK-BP has left Russia amid escalating tensions over control of the Anglo-Russian joint venture that is the country's third-largest oil producer, but he vowed Thursday to continue to run the company from abroad.
Samsung Electronics said Friday that second-quarter net profit grew 51 percent from the same period last year, amid strong performance in flat panels and mobile phones.
Even as Renault SA reported a 37 percent increase in six-month net profit Thursday, the French carmaker said it plans to cut jobs and scale back production to adjust for expected lower sales volumes and slowing economic growth.
Oil market investors tried but failed to start a rally in crude Thursday, leaving prices hovering below $125 a barrel after an earlier move higher. At the gas pump, prices continued their retreat.
Britain's leading online service providers are Thursday expected to join a government--backed scheme to tackle the illegal downloading of music and films, despite concerns it could curb the freedoms of Internet users.
"The email of the species is deadlier than the mail." So wrote the British actor and novelist Stephen Fry.
Credit Suisse Group returned to profit from subprime losses in the second quarter, posting a net income Thursday of 1.22 billion Swiss francs ($1.16 billion).
Brazil's Central Bank says it has raised the country's benchmark lending rate by 0.75 percentage points to 13 percent amid resurgent inflation fears.
Malaysia's annual inflation rate spiraled to a 27-year high in June after a fuel price hike sent the cost of food and transport soaring, the government said.
In print advertisements, which comes first -- the word or the image?
Toyota sold more than 4.8 million vehicles worldwide in the first half, up 2 percent from the same period a year earlier, the Japanese automaker said Wednesday.
Japan's trade surplus in June fell 88.9 percent from a year earlier marking the fourth straight month of decline, the government announced Thursday.
Oil prices shed nearly $4 Wednesday, tumbling below $125 a barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand.
Toyota sold more than 4.8 million vehicles worldwide in the first half, up 2 percent from the same period a year earlier, the Japanese automaker said Wednesday.
Centrica says it would pay $820 million for a controlling stake in Belgium's SPE from Gaz de France (GDF).
French automaker PSA Peugeot-Citroen on Wednesday said net profit rose almost 50 percent in the first half, as cost-cutting and efficiency measures more than offset an increase in energy and raw material costs.
Former Samsung chairman Lee Kun-hee has appealed a conviction for tax evasion, days after prosecutors filed a similar appeal to the court.
The Wiggles have been officially wiggling for 17 years now, entertaining children with music, television, videos and films that have become modern classics.
This is not just child's play, it's big business. "The Wiggles" are a hit among the toddler set. But that wasn't always their intended audience. The group initially tried their hands at rock -- under a different name -- in their native Australia.
1. I owe my success to... my father and mother. My mother instilled a love of music and had all of her seven children taught a musical instrument. My father put family first but worked very, very hard.
Higher fuel prices and an agreement on loosening U.S. foreign ownership regulations could lead to a consolidation of the global airline industry into just a few companies, Qantas Airways' chief said Tuesday.
European plane maker Airbus kept ahead of its U.S. rival Boeing on Wednesday in the order tally at the Farnborough International Airshow, where leasing companies and Asian and Middle Eastern airlines have been top customers.
Sweden's Ericsson on Tuesday posted a 70 percent plunge in second-quarter profit, mainly citing recent acquisitions and high development and restructuring costs.
Vodafone shares plummeted 14 percent on Tuesday after the mobile phone company scaled back its full-year sales forecast as tough economic conditions led consumers to refrain from buying and using new handsets.
The European Union said Monday it would be willing to slash farm tariffs by 60 percent as part of a new global trade pact, the deepest cut it has ever offered.
Volkswagen says it achieved record global sales in the first half of the year on strong demand in India, Russia and China, delivering nearly 3.3 million vehicles.
Roche Holding on Monday said it was offering $43.7 billion to take over the remaining shares of Genentech Inc. and create the seventh-largest pharmaceuticals company in the U.S.
HBOS said Monday that only about 8 percent of its shareholders opted to buy into its £4 billion ($8 billion) rights issue.
"How does Naxos' online ubiquity contribute directly to bringing in more business?
Some pre-negotiation jabbing turned into a potentially damaging diplomatic incident Saturday when Brazil's foreign minister said rich countries' deception in trade talks reminded him of tactics used by Nazi propaganda chief Joseph Goebbels.
A British newspaper has reported that BP PLC blocked a $1.8 billion dividend payment from its Russian joint venture in an effort to pressure its billionaire partners.
James Hogan is the CEO of Abu Dhabi-based airline Etihad. MME caught up with him at the Farnborough International Air Show this week to discuss the airline's future expansion plans as it struck one of the biggest deals in aviation history after placing orders worth more than $20 billion.
Barbie and Bratz dolls are sisters, a jury has decided in a major victory to Mattel Inc., the world's largest toymaker, in its copyright infringement lawsuit against rival MGA Entertainment Inc.
Gazprom has announced it will slash jobs across the company as part of a broad cost-cutting plan.
Taiwan's giant electronics manufacturer Hon Hai Precision Industry Co. appears to have a big advantage in the China market -- its principals all speak Chinese and have an intuitive sense for the country's often bewildering business culture.
About 35,000 workers at Hyundai Motor staged a half-day strike Friday calling for raises and better working conditions, the latest in a series of work stoppages.
Oil climbed back above $130 a barrel Friday in Asia as news of an output cut in Nigeria helped to halt the steady decline in prices that began three days ago.
Qantas Airways, Australia's flagship carrier, announced Friday it was slashing its work force by 1,500 people worldwide and abandoning plans to hire 1,200 more as it tries to deal with skyrocketing fuel costs.
The first day at the world's biggest air show here in Farnborough is usually taken up by the now tedious Airbus vs. Boeing numbers game.
Oil prices fell below $130 a barrel for the first time in more than a month Thursday, as a dramatic slide entered a third day along with a sharp sell-off in natural gas.
No-frills airline Ryanair said Thursday it will withdraw nearly a third of its aircraft from its major London base and suspend operations at seven other European airports because of sky-high fuel costs and its failure to negotiate lower airport fees.
U.S. Federal Reserve Chairman Ben Bernanke told the U.S. Congress on Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing."
China's inflation fell to a still-high 7.1 percent in June, according to data reported Thursday, possibly easing pressure on Beijing to raise interest rates or take more drastic steps to cool sharp rises in consumer prices.
Oil prices tumbled Wednesday, extending a steep and unusually volatile slide into a second day, after the government reported a surprising spike in U.S. crude and gasoline supplies.
European plane maker Airbus kept ahead of its U.S. rival Boeing on Wednesday in the order tally at the Farnborough International Airshow, where leasing companies and Asian and Middle Eastern airlines have been top customers.
Oil prices tumbled Tuesday as U.S. stocks sold off amid worries about the nation's economic health.
Britain's Treasury says a planned fuel tax increase has again been delayed because of soaring oil prices.
The former chairman of the Samsung Group was sentenced Wednesday to pay a hefty fine, but he will not go to jail, a court spokesman said.
A South Korean court convicted former Samsung Chairman Lee Kun-hee on Wednesday for evading taxes and fined him 110 billion won ($109 million), but said his crimes did not justify a prison term.
Toyota is acquiring land in Brazil for a new plant and is studying plans to build compact vehicles there in 2011 or later -- the latest in the aggressive drive by automakers around the world in emerging markets.
The airline industry is seen by many as one of the main culprits when it comes to carbon and greenhouse gas emissions -- and therefore climate change.
Farnborough marks its 60th anniversary during a year when the aviation industry is being hit hard by high oil prices and faltering economies.
Asian and European stock markets fell sharply Tuesday as investor confidence in the U.S. financial system eroded even further despite a government-backed plan to help beleaguered mortgage financiers Fannie Mae and Freddie Mac.
The Los Angeles Times says publisher David Hiller has resigned after 21 months at the helm of Tribune Co.'s largest paper.
A Japanese court found Mitsubishi Motors and its three former executives guilty Tuesday of falsifying a report to the government in a fatal accident suspected of being linked to a wheel defect.
Those looking for a bit of harmony in their romantic lives need look no further than the web, according to eHarmony CEO Greg Waldorf. Just one of countless online dating services, e-Harmony is very clear in its ultimate goal for its users: marriage.
Edward Dolman is Christie's first chief executive officer to have been a specialist, who understands the pressure and the nature of valuing art. Part of his mission is attracting other highly motivated specialists into their business.
The world's largest air show opened Monday with several new orders for Boeing Co. and aerospace executives upbeat about the future of the industry despite high fuel prices and the credit crisis.
New airline FlyDubai says it will buy 50 Boeing 737-800 planes.
The evidence seems incontrovertible: If you get on a plane these days, you are almost certainly contributing to climate change.
Britain's foremost aviation showcase celebrates its 60th anniversary this year.
British mortgage lender Alliance & Leicester is in advanced talks about a possible takeover, the company said Monday.
Venezuelan President Hugo Chavez touted a pact delivering fuel to Caribbean nations and loosened the financing terms to aid countries struggling with high oil prices.
The chief executive of EADS said he is confident his company and U.S. partner Northrop Grumman Corp. will win a disputed $35 billion Pentagon Air Force tanker contract when the bidding process reopens.
A Swedish court has remanded a 48-year-old man suspected of industrial espionage against Swedish space and defense company Saab AB.
It appears the board of directors at Anheuser-Busch will soon agree to a buyout offer from a Belgian brewer.
The headwinds buffeting the aviation industry from high fuel prices and the credit crisis will be blowing strongly through the Farnborough International Airshow next week.
Oil fell back from a record trading high Friday after tensions with Iran, the possibility of renewed violence in Nigeria and a planned labor strike in Brazil raised fears of threats to supplies.
This year's Farnborough International Airshow -- celebrating its 60th year -- opens to the public on Saturday 19 and Sunday 20 July.
News Corp. Chairman Rupert Murdoch said his media conglomerate is "very unlikely" to be a part of any deal for Yahoo Inc., scuttling talk that Microsoft Corp. was making headway in enlisting the media mogul as part of a deal to break up the Internet search company.
Spain says its annual inflation rate has hit a 13-year of 5 percent.
Oil prices set a new record near $146 a barrel Friday, boosted by concerns over possible disruption of tight global supplies amid tensions over Iran's launch of test missiles and the threatened renewal of oil-related violence in Nigeria.
A consortium from France, Britain and the United States has been chosen as preferred bidder to manage Britain's nuclear waste reprocessing facility at Sellafield in northwestern England, the Nuclear Decommissioning Authority said Friday.
Greg Waldorf never imagined he would be running an Internet dating service. As a young boy it was technology that fascinated him. So much so that Waldorf started a software consulting company before he even began high school. He clearly had drive and a head for business, but matchmaking? It is not as far off as it may sound.
Banking giant Citigroup says it will sell its German retail banking operation and some of its affiliates to France's Credit Mutuel, in $7.7 billion cash deal.
Prosecutors on Thursday demanded a 7-year prison sentence for ex-Samsung Chairman Lee Kun-hee at the latest hearing in his trial for tax evasion and other charges.
Despite concerns about a global slowdown, business for Ed Dolman is better than ever.
Leaders of the world's major economies pledged to combat climate change Wednesday -- but they did not set specific targets for reductions in greenhouse-gas emissions.
Air New Zealand says it has frozen the salaries of senior executives, cut out bonus payments and is reviewing "nonessential" activities to cut staff numbers, as it battles soaring fuel costs and sliding passenger demand for seats.
Due to recent expansion, we are in the process of a recruitment drive. But how do we ensure that we cast our nets as widely as possible to attract talent?
Oil prices rebounded slightly Wednesday in Asia after tumbling more than $5 in the previous session, as traders worried about the health of the global economy cashed in gains from the recent rally.
Oil prices fell as much as $6 a barrel Tuesday, hurling crude back to levels not seen since June 26 as traders wary about the health of the global economy cashed in gains from oil's recent rally.
Nearly 400 Berlin taxis brought city traffic to a halt Tuesday as they drove through the city in a protest over high fuel prices.
Industrial conglomerate Siemens says it is cutting 16,750 jobs worldwide because of the slowing economy. The cuts amount to 4.2 percent of its global work force.
How do you balance ethical issues when designing seductive advertising campaigns for potentially hazardous products such as alcohol or tobacco?
Britain's second-biggest homebuilder, Persimmon PLC, said Tuesday that revenue fell 34 percent in the first half of the year and that it will lay off 1,100 employees.
Christie's is the world's leading art business with global auction sales in 2007 that totalled $6.3 billion, marking the highest total in company and in art auction history.
A Lehman Brothers analyst downgraded the entertainment industry and slashed forecasts for its five major companies, saying digital downloads of movies and TV shows posed a huge threat to profits from DVD sales that the companies rely on.
New Zealand's Treasury department joined economists Tuesday in warning that the country's economy may have slipped into recession, after recording negative growth in the three months ended March 31.
The head of a Russian shareholders' consortium in the TNK-BP joint venture says the company's directors have voted to retain Robert Dudley as chief executive.
Oil prices dropped sharply Monday as the dollar strengthened and Middle East tensions appeared to ease.
China's premier called for continued vigilance against inflation that has reached 12-year highs, saying the government should ensure that price increases are "acceptable," a state-run news agency reported Sunday.
Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather on Monday.
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