19 May 2005 10:56 AM

A merger agreement between US Airways Group Inc. and America West Holdings Corp. will be announced as early as today after a day-long talks to finalize the deal.

19 May 2005 10:55 AM

A global economic growth forecast by the International Monetary Fund for 2005 is unchanged at 4.3% despite disappointing figures from the US current account deficit, according to IMF managing director Rodrigo Rato.

19 May 2005 10:54 AM

The Bush administration imposed new restrictions on Chinese textile imports for the third time in a week. The US demands Beijing to shrink its textile and apparel exports to the world’s largest economy.

19 May 2005 10:47 AM

Morgan Stanley has introduced a new rule on its advertising stipulating that the investment bank will have the right to add a clause to its advertising contracts that will allow it to remove ads that are put close to negative articles about the company. The request was addressed to the companies including Wall Street Journal, USA Today

19 May 2005 10:45 AM

Fidelity Investments has reduced options-trading fees in a move mimicking discount-brokerage firms so as to recapture share of the market in option trading. The cost of trading an option is divided into a base commission and a separate fee for each option contract. Fidelity

19 May 2005 09:31 AM

Hong Kong announced Monday a ceiling on its currency indicating signs of dwindling speculative investment in the region.

19 May 2005 09:13 AM

U.S. initial claims fell 20,000 to 321,000 in the week ended May 14, according to the Labor Department. Economists were expecting 330,000. The four-week moving average rose 5,500 to 329,750. After

19 May 2005 08:14 AM

The US Treasury Secretary John Snow said Wednesday the US continues its pressuring policy towards China’s policy of buzzing off its promises to unpeg the renminbi that has negative impact on the US economy.

19 May 2005 07:53 AM

Edward Gramlich is expected to step down as a Federal Reserve governor as soon as August on the speculations on the future successor of Alan Greenspan whose term as the Fed’s chairman expires in January next year. The

19 May 2005 07:48 AM

Savvy real estate investors have found a new and interesting way to escape the down payment – they substitute a letter of credit for it. This means was previously employed in the industries that have lags between the times of striking and closing a transaction, securities transactions or the import/export business among

19 May 2005 07:46 AM

J.P. MORGAN CUT GOODYEAR TIRE&RUBBER TO "NEUTRAL" FROM "OVERWEIGHT"

19 May 2005 03:33 AM

The Nikkei 225 rocketed 241.75 points, or 2.23% to 11,077.16.

18 May 2005 05:05 PM

Standard & Poor's cut its debt rating for Cooper Cameron to BBB+ from A-

18 May 2005 04:29 PM

The Dow Jones Industrial rallied 132.57 points, or 1.28%, to 10,464.45. The Nasdaq Composite rose 26.50 points, or 1.32%, to 2,030.65. The S&P500 added 11.76 points, or 1.0%, to 1,185.56.

18 May 2005 04:06 PM

June crude oil futures tumbled $1.72, or 3.5%, to $47.25 a barrel. Today the Energy Department reported that oil stockpiles unexpectedly rose by 4.3 mln. barrels. June gold futures declined $0.30 to $421.6 an ounce.