Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and ..
It’s the oil crash few saw coming, and few have been spared as it erased $1.3 trillion, the equivalent of Mexico’s annual GDP, in little more than a year. ..
Airbus (AIR.PA) has won a patent for a hypersonic plane, but Concorde's hydrogen-powered successor is unlikely to leave the drawing board any time soon. The European plan ..
Greece's main stock index unofficially closed down 1.2 percent on Tuesday, a day after a record fall of 16.2 percent, but most losses were in the banking sector which san ..
Shire Plc made an unsolicited offer to buy one-month-old Baxalta Inc. for about $30 billion in stock to bolster its focus on rare diseases, a move that may fend off larger dru ..
Hedge fund manager David Einhorn affirmed his approach after July losses tied to Consol Energy Inc., SunEdison Inc. and gold fueled his worst monthly performance since 2008. “ ..
General Motors Co (GM.N) said on Tuesday it will spend $877 million to overhaul its pickup truck factory in Flint, Michigan, capping a series of investments to keep production ..
Puerto Rico's debt crisis is deepening after the commonwealth defaulted for the first time. Here's what you need to know. ..
BMW (BMWG.DE), the world's biggest luxury carmaker, warned on Tuesday that its financial forecasts for this year could be at risk from any further deterioration in the Chinese ..
Toyota Motor Corp said it "can't be optimistic" about profitability in China, the world's biggest auto market, where slowing growth is forcing the Japanese ..
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