Business

World stocks fall as dollar slides; gold at record

A Tokyo money dealer looks at a memo as the U.S. dollar is traded at 86.64 yen on the Tokyo foreign exchange in Tokyo, Japan, Thursday, Nov. 26, 2009. The dollar has tumbled to 14-year low against the Japanese yen after traders reacted to indications that U.S. interest rates will remain low and that Federal Reserve isn't overly concerned about the dollar's slide. (AP Photo/Shizuo Kambayashi)
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AP
AP - 1 hour, 2 minutes ago

HONG KONG - World stock markets dropped Thursday as mostly positive economic news in the U.S. failed to inspire investors and the dollar tumbled to its lowest point against the Japanese yen in more than 14 years.

Economy News

  • Taiwan economy shrinks at slower pace in 3Q AP - 7 minutes ago

    TAIPEI, Taiwan - Taiwan's economy contracted at a slower pace year-on-year in the third quarter and the government raised its growth forecast for 2010 as rising demand from mainland China spurs a recovery.

  • A Tokyo money dealer reacts as the U.S. dollar is traded at between 86.43 yen and 86.48 yen on the Tokyo foreign exchange in Tokyo, Japan, Thursday, Nov. 26, 2009. The dollar has tumbled to 14-year low against the Japanese yen after traders reacted to indications that U.S. interest rates will remain low and that Federal Reserve isn't overly concerned about the dollar's slide. (AP Photo/Shizuo Kambayashi)
    Dollar falls to 14-year low vs yen on US outlook AP - 9 minutes ago

    TOKYO - The dollar tumbled to 14-year low against the yen Thursday, adding to pressure on Japan's beleaguered exporters, amid indications U.S. interest rates will remain low and the Federal Reserve isn't overly concerned about the dollar's slide.

  • US President Barack Obama smiles as his daughters Sasha (left) and Malia look on during the annual turkey pardoning ceremony for Thanksgiving at the White House in Washington, DC on November 25. Obama has vowed to put the US economy back on track in his Thanksgiving address to the nation, but admitted there were still too few jobs being created.(AFP/File/Saul Loeb)
    Obama vows US recovery in Thanksgiving address AFP - 13 minutes ago

    WASHINGTON (AFP) - President Barack Obama vowed to put the US economy back on track in his Thanksgiving address to the nation Thursday, but admitted there were still too few jobs being created.

Stock Markets News

  • A Tokyo money dealer looks at a memo as the U.S. dollar is traded at 86.64 yen on the Tokyo foreign exchange in Tokyo, Japan, Thursday, Nov. 26, 2009. The dollar has tumbled to 14-year low against the Japanese yen after traders reacted to indications that U.S. interest rates will remain low and that Federal Reserve isn't overly concerned about the dollar's slide. (AP Photo/Shizuo Kambayashi)
    World stocks fall as dollar slides; gold at record AP - 1 hour, 2 minutes ago

    HONG KONG - World stock markets dropped Thursday as mostly positive economic news in the U.S. failed to inspire investors and the dollar tumbled to its lowest point against the Japanese yen in more than 14 years.

  • London shares fell at the open, after earlier losses in Asia and in muted trade amid the Thanksgiving Day holiday in the United States.(AFP/File/Shaun Curry)
    FTSE 100 slightly lower at the open AFP - 1 hour, 31 minutes ago

    LONDON (AFP) - London shares fell at the open on Thursday, after earlier losses in Asia and in muted trade amid the Thanksgiving Day holiday in the United States.

  • In this Nov. 23, 2009 photo, Specialist Christopher Culhane works on the floor of the New York Stock Exchange. Stocks are narrowly mixed Wednesday, Nov. 25, as reports showing a smaller rise in new claims for jobless benefits and strong consumer spending were offset by an unexpected decline in durable goods orders.(AP Photo/Richard Drew)
    Stocks push higher after drop in jobless claims AP - Wed Nov 25, 6:17 PM ET

    NEW YORK - A drop in unemployment claims and a rise in home sales pulled the stock market higher in light trading ahead of Thanksgiving.

Earnings News

  • FILE - In this file photo taken Nov. 7, 2008, shoppers look in through a window at Tiffany & Co.'s store at Easton Easton Town Center in Columbus, Ohio. Tiffany & Co.'s third-quarter profit dipped 1 percent, partly on weaker U.S. sales as shoppers continued to curb their discretionary spending, the company said Wednesday, Nov. 25, 2009.(AP Photo/Kiichiro Sato, File)
    Tiffany raises outlook as 3Q profit comes in ahead AP - Wed Nov 25, 5:16 PM ET

    NEW YORK - Strong overseas sales and cost-cutting kept a decline in Tiffany & Co.'s third-quarter profit to a bare minimum, causing the luxury jeweler to raise its full-year profit outlook heading into the crucial holiday season.

  • In this photo taken Sept. 2, 2009, visitors admire the John Deere exhibits at the Farm Progress Show in Decatur, Ill. Deere and Co. said Wednesday, Nov. 25, 2009, big charges and lower sales of farm and construction equipment amid the economic downturn left it with a $223 million loss for the fourth quarter.(AP Photo/Seth Perlman)
    Deere reports 4Q loss on charges, lower sales AP - Wed Nov 25, 4:34 PM ET

    CHAMPAIGN, Ill. - Deere and Co. says sales of tractors, combines and other agricultural mainstays slumped in the fourth quarter and it expects farmers to remain cautious about new equipment purchases because of the weak global economy.

  • Earnings schedule for week of 11/30/09 AP - Wed Nov 25, 12:41 PM ET

    Major companies tentatively scheduled to report quarterly earnings next week:

Industries

Opinion

Most Popular Business News

  • The accelerator pedal, right, in a 2010 Toyota Camry is seen on the show room floor of Bobby Rahal Toyota in Mechanicsburg, Pa., Wednesday, Nov. 25, 2009. Toyota Motor Corp. said Wednesday it will replace accelerator pedals on about 4 million recalled vehicles in the United States because the pedals can get stuck in the floor mats. (AP Photo/Carolyn Kaster)
    Toyota to replace gas pedals on 4 million vehicles AP - Wed Nov 25, 5:29 PM ET

    WASHINGTON - Toyota plans to replace the gas pedals on 4 million vehicles in the United States because the pedals can get stuck in the floor mats and cause sudden acceleration, a flaw that led to the sixth-largest recall ever in the U.S.

  • FILE - In this Feb. 23, 2009 file photo, a Saab logo is displayed on a car in Frankfurt, Germany. General Motors Co. has not talked with any other potential buyers for the Swedish Saab brand since a specialty car maker pulled out of a deal to buy it this week, a person briefed on GM's plans said Wednesday, Nov. 25, 2009. (AP Photo/Ferdinand Ostrop, File)
    AP Source: GM not talking to any new Saab suitors AP - Wed Nov 25, 2:06 PM ET

    DETROIT - General Motors Co. has not talked with any other potential buyers for the Swedish Saab brand since a specialty car maker pulled out of a deal to buy it this week, a person briefed on GM's plans said Wednesday.

  • In this Oct. 27, 2009 photo, a development of new homes is shown in Homestead, Fla. Sales of new homes rose more than expected last month to the highest level in more than a year as the housing market shows stability after its historic collapse. (AP Photo/Alan Diaz)
    Housing data points to rocky rebound AP - Wed Nov 25, 4:26 PM ET

    WASHINGTON - Sales of new homes rose more than 6 percent in October. But that was only because of strong results in the South.