U.S. consumer prices flat in February
U.S. Consumer prices were unexpectedly unchanged in February as a drop in energy costs was offset by higher food and medical care costs, a government report showed on Thursday, backing up the Federal Reserve's commitment to ultra low interest rates.
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FedEx profit more than doubles
Package delivery giant FedEx Corp. posted sharply higher quarterly profit of $239 million US, citing an improving global economy.
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China resistant to U.S. pressure on yuan
The United States kept up pressure on China on Thursday to let the yuan climb as Beijing disclosed it was sounding out exporters on whether they could cope with a stronger exchange rate.
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Timminco suspends solar-grade silicon output
Shares of Timminco Ltd. dropped 13.3 percent Wednesday after the company said it was suspending solar-grade silicon production and would not resume operations until customer demand recovered.
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