China Urges Europe To Solve Debt Crisis
China said it plans to continue buying European sovereign debt, but urged further measures be taken to prevent a worsening of the debt crisis, according to newswires reports Thursday.
Costco August Same-store Sales Up 6%
Costco Wholesale Corp., the Issaquah, Wash., warehouse retailer, reported that for August, comparable-store sales rose 6% as total sales advanced 8% to $7.4 billion from $6.85 billion in the year-earlier month.
Fortescue in Talks With Possible Partner on North Star Project -CEO
Fortescue Metals Group Ltd. (FMG.AU) is in talks with possible strategic partners for its North Star magnetite project in Western Australia's Pilbara region, its chief executive said Thursday, as he reiterated the world's fourth largest iron ore miner is open to selling stakes in its future growth
Barclays Names Jenkins as CEO
Barclays PLC (BCS) on Thursday appointed Antony Jenkins as chief executive with immediate effect, replacing Bob Diamond, and plugging a gap in leadership atop the embattled U.K. bank.
WPP Cuts 2012 Revenue Forecast
WPP PLC (WPP.LN), the world's biggest advertising company, Thursday cut its revenue forecast for 2012 complaining of slowing revenue growth in the U.S. and parts of Europe, as it reported mixed first-half results.
Spanish Consumer Prices Jump 2.7% In August
Spanish consumer prices rose 2.7% on an annual basis in August, sharply higher than the 2.2% rise in prices in July, according to preliminary data from the Institute of National Statistics.
Europe Stocks Slip Ahead Of Bernanke Speech
European stock markets opened lower on Thursday, tracking losses on Asian bourses, as investors got jittery a day ahead of a much anticipated speech from U.S. Federal Reserve Chairman Ben Bernanke.