DUBAI, United Arab Emirates (AP) — Thousands of South Asian construction workers went on strike Sunday over harsh working conditions in the latest threat to a spectacular constructing boom already endangered by a falling currency and labor shortage….
SYDNEY - Anglo-Swiss miner Xstrata Plc on Monday offered A$3.1 billion ($2.8 billion) for Australian nickel miner Jubilee Mines NL , seeking to consolidate its position as a global nickel producer.
NEW YORK - As Merrill Lynch & Co Inc’s board deliberates the fate of Chairman and Chief Executive Stan O’Neal, a leading contender for the job on Sunday has said he is not aware of being a candidate.
(Corrects name in 7th paragraph to Larry Fink)
NEW YORK - Merrill Lynch & Co Inc’s board has reached a broad consensus to remove Stanley O’Neal as chairman and chief executive, The New York Times reported on Sunday.
NEW YORK - Merck & Co. Inc. shares could rise to $70 by 2010 if the drugmaker continues to deliver on its promise of double-digit earnings growth, Barron’s has said in its October 29 edition.
NEW YORK - The asset value of timber company Weyerhaeuser may exceed $100 a share, a few 50 percent above its current stock price of about $68, Barron’s reported in its October 29 edition.
NEW YORK - Wall Street expects a two-day Federal Reserve meeting this week to end with another cut in interest rates as financial firms struggle with losses tied to subprime mortgages and related securities.
WASHINGTON - Executives and lobbyists from a few of America’s richest and most influential companies are walking the halls of Congress, buttonholing senators to argue for strong patents to preserve United States innovation.