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Asia pauses after Wall Street peak, dollar stands tall

Pedestrian is reflected in the window of the Australian Securities Exchange with boards displaying stock movements in central SydneyA holiday lull settled over Asian markets on Tuesday after Wall Street closed at historic highs while oil prices suffered a stinging setback after Saudi Arabia quashed all thought of curbing supply. A ...

Alstom to pay record $772 million to settle bribery...

File photo of French and European flags during an inaugural visit of the Alstom offshore wind turbine plants in Montoir-de-BretagneThe French firm Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the U.S. Justice Department alleging the company bribed government officials to win business ...

Oil prices rise on hopes for firm U.S. economic data

File photo of a worker filling a car with diesel at a fuel station in the western Indian city of AhmedabadOil prices edged up in expectation of firm U.S. economic data later on Tuesday, with trading thin due to a public holiday in Japan and as traders begin closing their 2014 positions ahead of Christmas and ...

BMW expands Takata air bag recall to nationwide U.S.

A BMW logo is pictured at the Jacob Javits Convention Center during the New York International Auto Show in New YorkBMW on Monday said it has expanded a U.S. regional recall for certain vehicles with driver-side air bag inflators made by Takata Corp to cover the entire country, following the lead of four rivals that ...

Dow, S&P end at records in fourth straight day of gains...

Trader Kevin Lodewick works on the floor of the NYSE, which has been decorated with Christmas lights, in New YorkU.S. stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at records as large-cap technology shares gained and offset continued weakness in energy names. Major indexes ...

U.S. existing home sales hit six-month low, inventories low

The sign on a property for sale in Somerville reads "Buy This Home I'll Buy Yours For Cash"U.S. home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery. The National Association of Realtors ...

Russia in recession in 2015, ruble to stay pressured:...

A man stands next to a building under a board showing currency exchange rates in MoscowThe Russian economy will slide next year into its first recession since the global financial crisis and inflation will be close to double digits, economists forecast in a Reuters poll, as the oil price ...

Icahn's money could keep Atlantic City casino open...

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New YorkThe Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump ...

Madoff victims' payout nearing $7.2 billion: trustee

Irving Picard. the bankruptcy trustee in the Bernard Madoff case, speaks to the press outside the U.S. Bankruptcy Court in New YorkVictims of Bernard Madoff's massive Ponzi scheme will get afresh $322 million payout if a U.S. judge approves the request by the trustee liquidating the convicted fraudster's firm, bringing the recovery ...

Gucci to check Chinese suppliers after TV exploitation...

A woman holding an umbrella walks past a company logo of a Gucci boutigue outside a shopping mall amid rainfalls in central GuangzhouItalian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to assemble ...

Asia stocks pause after U.S. notches record high

Woman looks up at TSE board with no flashing stock prices due to system glitch in TokyoMarkets in Asia wobbled on Tuesday, after a key U.S. market barometer jumped to a fresh record high.

Cramer: This sector is on fire

Cramer: This sector is on fireIt's alive! Mad Money host Jim Cramer has the way to play an industry that's buzzing again.

M&A boom helps push investment banking fees to '07 high

A Goldman Sachs sign is seen over their kiosk on the floor of the New York Stock ExchangeFees earned for investment banking services rose 7% in 2014, representing a seven-year high amid the sharp uptick in M&A.

Peck: Good chance Costolo leaves Twitter 2015

Peck: Good chance Costolo leaves Twitter 2015Bob Peck, SunTrust Internet analyst, weighs in on whether he thinks Twitter CEO Dick Costolo might step down this year.

Oil slides after Saudi's Naimi says OPEC won't cut output

Saudi Arabia's Oil Minister al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in ViennaOil prices resumed their tumble as Saudi Arabia's powerful oil minister said OPEC will not cut production at any price.

Internet outage seen in North Korea amid U.S. hacking...

A hand is silhouetted in front of a computer screen in this picture illustration taken in BerlinNorth Korea, at the center of a confrontation with the United States over the hacking of Sony pictures, itself experienced Internet outages on Monday, a U.S. company that monitors Internet infrastructure ...

Oil companies seen cutting spending 25 percent in 2015...
HOUSTON (Reuters) - Plunging oil prices will prompt energy companies to cut investments in new projects by 25 percent or more in 2015, analysts said over the past week, as firms try to stay cash-flow positive ...

Needed in 2015: Middle-class wealth gains

Guy on beach with metal detectorThe typical family is still in a financial hole, despite a five-and-a-half-year recovery.

China offers to help Russia...and wean the world off the...

China to Russia: You’ve got a friendChina says its willing to help Russia combat its current economic troubles, but only if Russia needs it.

Sex, drugs & public divorce: New normal for Wall St?

Sex, drugs & public divorce: New normal for Wall St?Is a nasty split in scorching public view the new normal for financial industry power couples? Experts see something brewing.

This will hurt us more than oil: Caterpillar CEO

This will hurt us more than oil: Caterpillar CEOThe effects of lower oil prices won't hurt Caterpillar as much as the slowdown in mining in recent years has, CEO Doug Oberhelman says.

Russia to bail out Trust Bank with up to $530 million

A man walks out of a branch of Trust Bank in MoscowRussian mid-sized lender Trust Bank is to receive up to 30 billion rubles from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis. The central ...

Saudi's Naimi: OPEC will not cut output however far oil...
LONDON (Reuters) - Saudi Arabia convinced its fellow OPEC members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an ...

The 10% correction you never noticed

A Wall Street sign outside the New York Stock ExchangeWhy betting against a market correction in 2015 could be a decent contrarian bet.

Worst Russian stock drop since 2008 seen continuing

La gaffe di PutinRussian stocks are posting the biggest loss since 2008 as tumbling oil prices, a plunging ruble and sanctions throttle the economy.

Saudis to Non-OPEC Producers: Cut Your Own Output, We're...
Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming non-OPEC producers for the glut of oil that's driven prices to the lowest in five years. Suppliers ...

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