In a campaign to solidify its presence in the emerging Italian photovoltaic market, China-headquartered LDK Solar Co., Ltd. (NYSE: LDK ) on Tuesday stated it has followed up its recent successful projects in that country with the acquisition of a

It was rather a busy day yesterday for global investment firm Janus Capital Group Inc. ( NYSE : JNS ) the company announced their second quarter earnings, the appointment of an interim CEO, and their intentions to raise new capital.

Intel Corporation (NASDAQ: INTC ) shares rocketed up on Wednesday as the company announced unexpected second quarter results. Because of the differing calculation methods, financial results of integrated circuits and microprocessors manufacturer might be interpreted slightly different as well. The

Ener1, Inc. (NASDAQ: HEV ) has been selected to supply lithium-ion battery solutions for Volvo Car Corporation's two demonstration plug-in hybrid V70 models which will serve as forerunners to a planned series production in 2012. The vehicles are expected to

Sun Microsystems, Inc. (NASDAQ: JAVA ) is one of the companies that is likely to fall behind even the most pessimistic analyst estimates. On Tuesday the company said they expect to book a significant loss for the fiscal fourth quarter

Manufacturer of crystalline silicon PV modules for electric power applications, Suntech Power Holdings Co., Ltd. (NYSE: STP ) has clinched strategic agreements from four local governments in China to develop a total of 1.8 gigawatts (GW) of solar energy capacity,

The world's largest maker of corporate aircraft, Textron Inc. ( NYSE : TXT ) has been forced to cancel their Columbus Citation aircraft program due to the slump in demand for corporate jets -

Shares of Koninklijke Philips Electronics NV (NYSE: PHG ) gained ground on Monday's trading with a month's highest closing price, after a stellar performance stirred up by reports that the Dutch conglomerate had stunned market expectations with a comeback to

Helping banks and other large companies, the US has spent billions, thus increasing the Federal Budget Deficit. The latest Treasury report announced on Monday indicates the deficit has reached $1.1 trillion. In June alone the deficit increased by $94.3 billion.

AMR Corporation (NYSE: AMR ) the parent company of American Airlines, reported its quarterly revenue to be in line with analyst estimates. For the bottom line, on the consensus it was expected the company will continue with increasing quarterly losses.

The British Pound trimmed its gains against the greenback on Tuesday after data showed that annual UK consumer price inflation fell below the Bank of England's 2 percent target, and UK unemployment rose to 7.6% suggesting that price risks continue

China's stock market value exceeded that of Japan's yesterday as the $585Bn stimulus package and scrapping of lending restrictions for banks helped trigger the revival and boost share prices. However the strong GDP figure reported by the National Bureau of

Slightly softer stocks and a move back into the yen illustrate the move away from 'risky' assets this morning. News that CIT probably will not receive a government bailout is a reminder that this recession could yet claim further victims

In Currencies: The session was marked by quiet consolidation for the USD against the major European pairs. The EUR/USD probed around the 1.4070 level for the majorioty of the morning. The JPY was broadly firmer on some risk aversion concerns.

Today the UK lacks major economic data while we see that the government is not standing still as it was posted that during this year the government gave investment bankers 11.5 million pounds to help them stabilize which will ease

The dollar continued to weaken all across the board, after the FOMC meeting didn't show anything new regarding the rates direction, as most members of the FED were passing along mixed messages, with some saying economy is stalling for now

Markets over the past 24 hours have taken a significantly more positive attitude towards risk as equity markets have pushed higher with relief over earnings data and cautious optimism over the economy. Although the optimistic tone could be maintained in

The main contributor to Wednesday's trading was, once again, the resurgence of risk appetite as investor confidence soared. Better than expected Empire Manufacturing, industrial production, and CPI data, and a lack of disappointing earnings helped push US equities up 3%

Optimistic view of second quarter corporate earnings and upbeat FOMC economic outlook fuels equity market gains and USD losses, stocks at one month high USD at one month low, report that CIT will not receive more government help and could

Overall, the currency market lacked a clear direction during the European session, as expected. Throughout the Asian trading hours, the major pairs retraced some of the ground gained on the previous day, but the downside move failed to continue during