ICBC Q1 profit surges; takes further subprime hit

Industrial and Commercial Bank of China (1398.HK: Quote, Profile, Research)(601398.SS: Quote, Profile, Research), the world’s biggest bank by market value, posted a 77 percent […]

Turf wars hobble China’s financial markets

If institutional infighting were an Olympic sport, China would sweep the medals at August’s Games.
Turf battles in the financial sector have erupted over everything […]

GM CEO’s compensation jumps 64 percent in 2007

General Motors Corp (GM.N: Quote, Profile, Research) Chief Executive Rick Wagoner’s salary and other compensation rose 64 percent in 2007 to about $15.7 million, […]

Boeing, other firms boost stocks with better earnings

NEW YORK — Stocks rose Wednesday for the first time this week after better-than-estimated profits at technology, industrial and tobacco companies overshadowed declines in […]

Ambac shares off after posting wider-than-expected loss

Ambac Financial Group Inc (ABK.N: Quote, Profile, Research), a bond insurer that struggled to raise capital earlier this year, posted a surprisingly wide first-quarter […]

Energy: Canada’s market saviour

Energy companies led Canada’s main stock market higher this week as the price of oil hit a record $116.69 (U.S.) per barrel.
The S&P/TSX composite index […]

Fed’s Rosengren says banks must recapitalize

A top Federal Reserve official said on Friday banks must raise capital to shield themselves from future losses and it would be better to […]

Alberici Constructors acquires Atlanta-based WWPS

WWPS was founded in 1997 and has projects primarily in the greater Atlanta area. Founder Keith Willis will become the general manager for the […]

Delta, Northwest to create largest airline

Delta Air Lines Inc will buy Northwest Airlines Corp for more than $3 billion under a proposal unveiled Monday to create the world’s biggest […]

A recession? How severe, and at what cost?

The U.S. economy is screeching to a halt, slammed by collapsing consumer confidence and house prices. Spending has been hit by problems on both […]