Stock Futures Tumble as Fiscal Worries Mount

U.S. stock-index futures sold off after a bill aimed at staving off tax hikes associated with the looming fiscal cliff failed to garner enough support for a vote in the House of Representatives

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US urges Japan to be bolder in opening marketsComments Off

U.S. Commerce Secretary Penny Pritzker has urged Japan to be bolder in opening its markets to help reach a deal on a pan-Pacific trade agreement.

Asian stocks drift after China growth slowsComments Off

Asian stock markets drifted lower Tuesday after China reported its weakest economic growth in five years while Japan’s benchmark dropped as investors cashed in gains from a 4 percent surge the previous day.

U.S. Stock-index Futures Point To Early Tuesday LossesComments Off

U.S. stock-index futures suggested losses at the Tuesday open, with the weakness coinciding with a pullback in much of Asia.

Cost of making ‘Hobbit’ movies up to $745 millionComments Off

The movie trilogy “The Hobbit” has so far cost nearly three-quarters of a billion dollars to make as the epic continues to set new benchmarks for studio spending.

China Data Show Slowing, But Markets Cheer The NumbersComments Off

Chinese economic data out Tuesday showed slowing, but stocks mostly improved as some of the numbers were better than expected.

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