Technology stocks rose on Wednesday as investors took heart from solid corporate earnings and shrugged off fresh evidence of a dismal housing sector, which renewed speculation the Fed will cut interest rates.
EBay Inc customers who park extra cash in a nearly $1 billion PayPal money market fund are exposed to the same type of assets targeted for an emergency bailout by the largest U.S. banks, regulatory filings show.
Having angered Queen Elizabeth and the public, Britain's BBC is set to shed staff with sweeping job cuts this week in the biggest crisis to hit the world-renowned broadcaster since a government clash over Iraq.
The U.S. local food movement -- which used to be elite, expensive and mostly coastal -- has gone mainstream, with a boost from environmentalists who reckon that eating what grows nearby cuts down on global warming.
Air France-KLM and Delta Air Lines Inc announced plans on Wednesday to team up on routes linking major U.S. cities and London's Heathrow airport in a challenge to rival British Airways Plc. The joint venture aims to take advantage of the Open Skies pact set to liberalize transatlantic rules next year, and will be implemented in April 2008.
Harry Potter might have waved his wand and cast a spell, but author J.K. Rowling sat down and cheerfully signed 1,600 books for schoolkids on Monday as she launched her first U.S. book tour in seven years.
Spain's competition watchdog has opened a probe of the country's three largest mobile phone operators for possible collusion, Spain's Consumer and Users Organisation said on Monday.
Current, the television network backed by Nobel Peace Prize winner Al Gore, is embarking on a new Internet strategy to enlist viewers in submitting video and commentary to create broadcast TV news.
This Friday in the UK, troubled bank Northern Rock was offered a lifeline by a consortium assembled and led by Sir Richard Branson’s Virgin Group. The group submitted a plan which would involve “a substantial cash sum… [being] injected†in a bid to save the bank, according to published reports.
Virgin Group, controlled by entrepreneur Richard Branson, is leading a consortium that has submitted a rescue plan for British bank Northern Rock that would inject a substantial cash sum, it said on Friday.
Stricken British mortgage lender Northern Rock may have borrowed a further 2.3 billion pounds ($4.7 billion) from the Bank of England in the past week, according to BoE data, down from 2.9 billion the previous week.
Derrick Bulawa, who runs a small phone company in North Dakota, was getting worried as he began to lose some of his 6,000 subscribers to cable companies offering bundled TV, Internet and phone services.
Stocks around the world extended gains on Thursday while the yen slipped against the dollar after the Bank of Japan decided not to change interest rates.
The dollar fell on Wednesday as concern crept back into the market that the Federal Reserve may cut interest rates again this year to prevent a weak housing sector from damaging the broader economy.
Three banks led by Britain's Royal Bank of Scotland clinched victory in the battle for ABN AMRO on Wednesday, declaring their 70 billion euro ($99 billion) offer for the Netherland's biggest bank unconditional.
According to the British Retail Consortium (BRC), UK retail sales experienced 3% growth this September, a significant increase from the 1.8% growth recorded this August.
On Monday in the UK, postal workers again went on a 48 hour strike after intensive talks over the weekend failed to reach an agreement on issues of pay, pensions and job cuts.
Britain threw a fresh lifeline to Northern Rock on Tuesday, offering to guarantee new retail deposits and extend funding arrangements in a bid to win the bank time to salvage something from its battered business.
The investment bank chose to offer its advice to the unexpected winner of the largest banking takeover ever.
Huge amounts of investment money pouring into commodity markets is increasing the risks for brokers, leaving the market more vulnerable to volatility, the chief executive of brokerage firm Sucden told Reuters.
Eight out of 10 households throw out personal information with the rubbish that could enable fraudsters to steal their identity, researchers say.
A delectable opening in Germany helped Ratatouille take the top spot at the international box office, with estimated weekend ticket sales of $19.7 million from 30 markets.
