Hewlett-Packard Co said a strong performance in China and improved profit margins in its services business helped drive quarterly earnings 14 percent higher. The fiscal fourth quarter results released on Monday were in line with those the company preannounced two weeks ago, which topped Wall Street's estimates.
Hitachi Ltd is expected to sign a high-speed railway project deal in the UK worth more than 500 billion yen ($5.62 billion), as the electronics conglomerate stepped up its efforts to exploit overseas markets, the Nikkei business daily reported.
The Aussie dollar began the week on somewhat of a negative note with early Asian sellers pushing it down from the open of 0.9145 to a low near 91 cents. Support held however as local equity markets opened strongly and New Motor Vehicle Sales for the month of October increased by 3.7%. The AUD entered offshore exchange testing the 92 cent level finally consolidating gains above this level following an increase in risk appetite thanks mainly to upbeat European and U.S economic data. After topping ...
Thousands of emails related to global warming from the Climate Research Unit at East Anglia University in the U.K were hacked into and posted online, with government representatives now calling for an independent inquiry into what is being dubbed, the Climategate.
The risk of strike action at Dutch mail company TNT NV grew on Monday after members of its two largest unions rejected proposals that included a pay cut of up to 3.5 percent to prevent massive job cuts.
Hitachi Ltd is expected to sign a high-speed railway project deal in the UK worth more than 500 billion yen ($5.62 billion), as the electronics conglomerate stepped up its efforts to exploit overseas markets, the Nikkei business daily reported.
British companies are failing to take the strategic implications of climate change seriously and are missing out on investment opportunities, a study sponsored by three major UK investors said Monday.
SAIC Motor Corp aims to double the sales of its own-brand cars to 180,000 in 2010, its president said on Monday, as the top Chinese automaker seeks to tap the lucrative mid- to higher-end market currently dominated by foreign rivals.
Speculation about a bid battle for Cadbury among Kraft Foods and other rivals lifted shares in the British confectioner to a new high on Monday but analysts doubt whether a competing bid will emerge.
Britain's Carphone Warehouse has stopped selling Sony Ericsson's flagship smartphone due to software problems, dealing a blow to the loss-making Japanese-Swedish firm's turnaround plans.
The H1N1 flu is moving eastwards across Europe and Asia after appearing to peak in parts of western Europe and the United States, the World Health Organization (WHO) said on Friday.
Prime Minister Gordon Brown, aware his chances of re-election may hinge on the economy emerging from recession, called on Monday for a global growth strategy to tackle trade and currency imbalances.
A major draft EU law on market infrastructure will be tabled next July to make share and derivatives trading less risky for investors and the broader financial system from late 2012, industry sources said on Monday.
Britain's top share index was up 1.7 percent at midday on Monday, fuelled by strength in miners and energy stocks thanks to firmer commodity prices, while improved risk appetite also boosted banks.
Cadbury Plc shares hit a record high on speculation of a battle for the British confectioner between bidder Kraft Foods Inc and rivals who are considering making takeover offers, analysts said on Monday.
Kraft Foods may raise its offer for Cadbury Plc or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.
The rebound in the greenback continued on Friday night as the Australian Dollar consolidated its recent losses. The Aussie opens lower today at 0.9140 after hitting an offshore low of 0.9059 (a two-week low), as Wall Street fell for third straight session. Increased risk aversion is keeping a lid on the local unit for the time being as recent economic data releases in the United States have failed to impress investors. There is no major local economic data due in the early part of the week and n...
A team of unidentified hackers has managed to steal confidential global warming data after breaking into the e-mail server of a prominent, British climate-research center and posted them online - showing that climate scientists conspired to overstate that man has caused climate change. Kevin Trenberth, of the U.S. National Center for Atmospheric Research, in Colorado, told the Associated Press that he believes the hackers did this to fuel skeptics theory that that climate change was not man-ma...
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion-pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.
Cadbury Plc would prefer a merger with U.S. chocolate maker Hershey Co rather than Kraft Foods Inc, the British company's chairman Roger Carr told the Sunday Telegraph newspaper.
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound ($16.3 dollars) bid by Kraft Foods Inc and a potential move by Hershey , Bloomberg reported on Sunday.
A team of unidentified hackers has managed to steal confidential global warming data after breaking into the e-mail server of a prominent, British climate-research center and posted them online - showing that climate scientists conspired to overstate that man has caused climate change.
