POSCO <005490.KS>, the world's third-biggest steelmaker and backed by billionaire investor Warren Buffett, cut its 2011 investment plan and painted a dim outlook after posting a 6 percent rise in third-quarter profit that met market expectations.
Apple Inc.'s iPhone 4S is set to face stiff competition from the world's thinnest smartphone, Motorola Droid RAZR, and the first Android 4.0 Ice Cream Sandwich-powered smartphone, Samsung Galaxy Nexus.
POSCO <005490.KS>, the world's third-biggest steelmaker and backed by billionaire investor Warren Buffett, cut its 2011 investment plan and painted an uncertain outlook after posting a consensus-meeting profit for the third quarter.
The race for cash among foreign banks in China is heating up as some struggle to rake in enough yuan deposits to meet a regulatory requirement that kicks in at the end of the year.
Asian shares inched up while the euro clung to overnight gains on Friday, but markets largely stayed within range, as investors awaited a weekend meeting of European leaders for signs of progress in resolving the region's debt crisis.
The U.S. Senate, on a bipartisan vote of 74-26 on Thursday, confirmed former energy company executive John Bryson as commerce secretary, despite the objection of some Republicans due to his background as an environmentalist.
A.G. Lafley, the former chairman, president and CEO of Procter & Gamble, has joined the board of directors of Legendary Entertainment, the company announced Thursday.
U.S. stocks are outperforming emerging market stocks. They have outperformed in 2011 and have done so since early 2010.
Bringing an end to an eight-month war backed by NATO, revolutionary fighters overran the hometown of Libyan leader Moammar Gaddafi, 69, killing him and stripping his bloodied boy for display, Reuters reported.
Microsoft is reportedly working on a deal to acquire Yahoo, three years after its initial acquisition offer of $44 billion was turned down.
China defended its right to censor the Internet on Thursday, saying it was necessary to safeguard the public after the United States pressed China to explain online curbs on U.S. companies.
An estimated 2,000 sharks have been slaughtered in waters off Malpelo Island, located near Colombia's Pacific coast, according to Colombian environmental authorities.
LONDON - Doubts about the euro zone's ability to come up with a comprehensive plan to solve its debt crisis hammered equity markets and hit the euro on Thursday, underlining investor impatience with political wrangling.
China defended its right to censor the Internet on Thursday, saying it was necessary to safeguard the public after the United States pressed China to explain online curbs on U.S. companies.
Apple Inc. received an overwhelming response from all around the world for iPhone 4S. iPhone 4S is expected to face competition from Android devices like Samsung Galaxy Nexus, Motorola Droid RAZR, HTC EVO Design 4G, Motorola Atrix 2, and Samsung Captivate Glide.
Microsoft Corp. looks set to report flat or lower demand for its flagship Windows product on Thursday, a victim of limp personal computer sales, casting a shadow over otherwise strong earnings in a troubled global economy.
China's economic growth will probably cool next year to the lowest annual rate in a decade, setting the pace for an Asia-wide slowdown as global demand fades, a Reuters poll released on Thursday showed.
The world's biggest food group Nestle said weakening consumer sentiment in developed markets would make it harder to improve margins as it raised its sales growth outlook for 2011 after beating forecasts for the first nine months.
China's economic growth will probably cool next year to the lowest annual rate in a decade, setting the pace for an Asia-wide slowdown as global demand fades, a Reuters poll released on Thursday showed.
Doubts about the euro zone's ability to come up with a comprehensive plan to solve its debt crisis hammered equity markets and hit the euro on Thursday, underlying investor impatience with political wrangling.
Pakistan hopes to win a seat on the U.N. Security Council as a temporary member alongside archrival India when the United Nations holds annual elections to the 15-nation body on Friday.
The United States is pressing China to explain why its national firewall blocks so many U.S. companies from providing their services via the Internet, according to a letter obtained on Wednesday that is another sign of growing trade tension between the world's two largest economies.
