By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - Another tough quarter, another reminder for Goldman Sachs that it's not just its reputation that's under attack.
The once-mighty investment bank's revenue and earnings continue to decline even as it has resorted to massive job cuts
By JOE McDONALDAP Business Writer
BEIJING (AP) - Premier Wen Jiabao said Tuesday China's employment situation "will become more complex and severe" and promised to generate jobs, according to a Cabinet statement, adding to suggestions Beijing might launch new stimulus efforts.
Speaking at a
By MAE ANDERSON and MICHELLE CHAPMANAssociated Press
NEW YORK (AP) - It was a doll of a quarter for Mattel.
Demand for doll brands including Barbie, American Girl and Monster High, coupled with lower sales costs and advertising expenses, helped the biggest U.S. toy maker's net income rise 20
PARIS (AP) - Alcatel-Lucent says it expects to post an adjusted operating loss of €40 million ($49 million) for the second quarter when it announces its earnings next week.
The telecommunications equipment maker says in a statement Tuesday that its revenue for the April-to-June quarter should be
FRANKFURT, Germany (AP) - A key measure of German investor confidence fell unexpectedly in July in another sign that the eurozone financial crisis is weighing on Europe's largest economy.
The ZEW institute said Tuesday its index fell for the third month in a row to minus 19.6 points from minus
By DANIEL WOOLLS and EMILIO MORENATTI
MADRID (AP) - Spain's king and crown prince are taking pay cuts as part of the latest round of austerity measures meted out by the country's government as it attempts to control its deficit during a recession, the Royal Palace said Tuesday.
By PAUL WISEMANAP Economics Writer
WASHINGTON (AP) - Chairman Ben Bernanke could offer some clues about whether the Federal Reserve is poised to take another step to jolt the sluggish U.S. economy when he appears before Congress this week.
Bernanke will give his semiannual report
By The Associated Press
LAX CONTROLS AT BIG BANK: Europe's largest bank, HSBC, had lax controls that allowed Mexican drug cartels to launder billions of dollars through its U.S. operations, a Senate investigation found.
U.S. REGULATORS ALSO FAULTED: An extensive report on U.K.-based HSBC
By NICK PERRYAssociated Press
WELLINGTON, New Zealand - Mine officials say rescuers are on their way to the last 15 miners trapped underground in a New Zealand gold mine following a fire.
A truck engine caught fire early Tuesday at the mine in the North Island town of Waihi. Mine officials said
By MICHAEL FELBERBAUMAP Business Writer
RICHMOND, Va. (AP) - AutoNation Inc., the nation's largest car and truck retailer, is expected to report higher profit and revenue when it releases its second-quarter results before the stock markets open Thursday.
WHAT TO WATCH FOR: Whether the Fort