Google Inc's results soundly trounced Wall Street's most bullish expectations, sending its shares up 12 percent and easing concerns that its battle with Facebook and Twitter is costing too much and hindering growth.
The South African Chamber of Commerce and Industry has expressed concern at the violence, damage to property and intimidation that is being experienced during the current wave of strike action in South Africa.
The dollar steadied in Asia on Friday after the impact from a Standard and Poor's warning that it could cut US credit ratings was short-lived, and investors bought back the US currency as they shifted their focus to stress tests on European banks.
The long-standing support from petrodollars for Western financial markets is gradually waning as oil-rich countries favour recycling their windfall revenues closer to home and away from low-yielding developed economies mired in the debt crisis.
Electronics and electrical engineering company, Reunert plans to streamline its Nashua business into two core segments in an effort to provide "a one stop communications shop" and to "unlock value", resulting in substantial cost savings within the group.
A one million rand grant by the National Lotteries Board to help the Congress of SA Trade Unions (Cosatu) fund its 25th year anniversary celebrations is being referred to the auditor general's office by the Democratic Alliance (DA) for investigation.
Alarmed by a worsening of the euro zone debt crisis, policymakers and bankers are examining radical proposals to rescue Greece that include a sharp cut in its debt burden, ways to prop up banks and a new emphasis on boosting Greek growth, official and banking sources say.
Prime Minister George Papandreou said the next few days are critical for dealing with Greece's colossal debt but he was pleased nations now saw the crisis as a broader structural problem for the future of Europe.
Property values in SA's commercial property market have improved, according to Investment Property Databank's latest valuation report, released today, but it also cautions that a full market recovery has yet to take off.
The number of Americans claiming initial unemployment benefits dropped last week, but remained elevated and retail sales barely rose, suggesting the economy would struggle to regain speed in the second half.
Freshstop, the convenience store brand, has entered into a partnership with the Black Business Supplier Development Programme, which will see support being given to previously disadvantaged businessmen and women who are interested in opening Freshstop stores.
A study commissioned by Samsung Electronics rejected assertions that employees may have been exposed to carcinogenic chemicals at its plants, as several cancer-stricken former employees of the world's top memory chipmaker seek compensation for their illnesses.
Pretoria Portland Cement (PPC) expects its new $102 million mill in Pretoria to increase capacity by 30 percent, a senior executive said on Thursday, even as the firm battles flagging sales due to an industry-wide slump.
Copper rose on the London Metal Exchange, benefiting from prospects of improving global economic growth in the econd half while supply stays constrained, although a flight from risk in broader markets capped its advance.