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Dollar holds near four-year highs, Europe stocks recover

The dollar held just below a four-year high against a basket of currencies on Friday, fuelled by the biggest yield advantage over the euro in nearly 15 years as the Federal Reserve contemplates hiking interest rates.

Sep 26, 2014 11:14 AM EDT


Ford to recall about 850,000 cars to fix airbag deployment glitch

Ford Motor Co (F.N) said it will recall about 850,000 cars in the United States to fix a software glitch that could lead to a short circuit, delaying the deployment of airbags in the event of a crash.

Sep 26, 2014 10:56 AM EDT


Wall St. slumps as Apple drags; S&P breaks support level

U.S. stocks were sharply lower heading into the midpoint of trading on Thursday, with each of the major indexes falling more than one percent and the S&P dropping through a key support level as Apple shares slumped.

Sep 25, 2014 12:07 PM EDT


Ford to add 1,200 jobs, shift for Transit van assembly in Missouri

Ford Motor Co said on Thursday by year end it will add 1,200 jobs and a second shift to build the Transit commercial van at a plant in Missouri, making it the automaker's largest volume factory globally.

Sep 25, 2014 11:30 AM EDT


U.S. business spending plans, jobs data support growth outlook

Orders for long-lasting U.S. manufactured goods in August posted their biggest drop on record after an aircraft-related boost, but a rebound in business spending plans pointed to underlying strength in the economy.

Sep 25, 2014 11:00 AM EDT


U.S. new home sales at six-year high; supply increases

Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course.

Sep 24, 2014 11:36 AM EDT


Bullard says Fed needs to make rate guidance more data dependent

The U.S. central bank needs to change the way it communicates its view on the future path of interest rates, a Federal Reserve official said on Tuesday, joining others inside the Fed who are calling for an overhaul of its policy statement.

Sep 23, 2014 11:54 AM EDT


Dollar softens after record run-up

The dollar softened on Monday as other major currencies recovered some ground after 10-weeks of gains by the dollar index, its longest winning streak since the greenback's free float in 1973.

Sep 22, 2014 11:32 AM EDT


Alibaba IPO ranks as world's biggest after additional shares sold

Alibaba's initial public offering now ranks as the world's biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares.

Sep 22, 2014 11:11 AM EDT


Opportunists cash in on delayed iPhone launch in China

Lured by the promise of profit from smuggling the new iPhones into China, opportunists joined the thousands of Apple Inc fans lining up to buy the devices as they were launched on Friday across Asia.

Sep 19, 2014 11:19 AM EDT


Alibaba expected to jump more than 25 percent in trading debut

Alibaba Group Holding Ltd's (BABA.N) shares are expected to surge in their first day of trading on Friday as many investors that received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history.

Sep 19, 2014 11:08 AM EDT


Wall Street sees holes in Fed's new policy-tightening plan

No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.

Sep 18, 2014 4:40 PM EDT