Category: Money

Wall St Set To Dip At Open As Saudi Tensions Add To Worries

– U.S. stocks were set to open slightly lower on Monday, mirroring global stocks, after growing tensions between Western powers and Saudi Arabia added to worries...

Us Retail Sales Increase Less Than Expected In September

WASHINGTON Oct 15 – U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants...

European Stocks Hit 22-month Low As Saudi Tensions Swirl

LONDONLONDON – World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a...

Stock Futures Drop As Saudi Tensions Add To Growing Worries

– U.S. stock futures pointed to a lower open on Monday, mirroring global stocks, as growing tensions between Western powers and Saudi Arabia added to worries over...

Kuwait Airways Signs Agreement To Buy Eight Airbus A330-800neo Planes

DUBAI – Kuwait Airways said on Monday it has signed an agreement with European planemaker Airbus (AIR.PA) to buy eight A330-800neo airliners following five months...

Bank Of America Profit Beats On Lower Costs Loan Growth

– Bank of America Corp (BAC.N) reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender benefited from cost cuts, while...

Bayer May Outsource Some Drug Research -works Council

FRANKFURT – Bayer’s (BAYGn.DE) chief executive is considering farming out certain drug research activities to cut costs amid slower growth at its...

Carl Icahn Boosts Stake In Dell Ipo Standoff

– Activist investor Carl Icahn reported an increased 8.3 percent stake in Dell tracking stock on Monday, as he looks to block a proposed plan by the computer maker...

Bank Of America Profit Beats Estimates On Cost Cuts Loan Growth

– Bank of America Corp (BAC.N) reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender reined in costs, while higher...