The second largest U.S. bookstore chain Borders Group Inc. (NYSE: BGP) filed for Chapter 11 bankruptcy protection as its book sales started sinking in 2008, 2009, and in each quarter of 2010 even after management changes, job cuts and debt restructuring.
U.S. housing starts rose more than expected in January to their highest rate in four months but permits for future home construction dropped sharply after hefty gains the prior month, according to a government report on Wednesday that showed the housing market still bouncing along the bottom.
U.S. home loan demand fell sharply in the week ended Feb. 11, recording a second consecutive weekly decline, the Mortgage Bankers Association (MBA) said on Wednesday.
Internet telephone service Skype said Nokia's alliance with Microsoft presented an opportunity for the company to tap into Finnish engineering talent looking for new jobs.
Internet telephone service Skype said Nokia's alliance with Microsoft presented an opportunity for the company to tap into Finnish engineering talent looking for new jobs.
Borders Group Inc , the second-largest U.S. bookstore chain, filed for Chapter 11 bankruptcy protection, after years of sharp sales declines that made it impossible to manage its crushing debt load.
Wireless consumers across the United States continue to face excessive and discriminatory federal, state, and local taxes and fees on their wireless bills, says a new report, which finds Nebraska paying a whopping 23.69 percent.
Barclays Capital said it continues to believe the new tablet category (led by Apple Inc.'s iPad) is poised for rapid growth over the coming years.
Futures on major U.S. stock indices point to higher opening on Wednesday ahead of wave of economic data including producer price index and building permits.
Heineken NV , the world's third-largest brewer, beat full-year earnings forecasts as cost cuts in Europe and savings from a large Mexican acquisition more than offset lower beer sales, lifting its shares.
Smartphone maker HTC has rolled out two new phones - HTC ChaCha and HTC Salsa - with a dedicated Facebook button for one-touch access to the key functions of the social networking service.
India and Japan, two of Asia's largest economies, signed the landmark free trade agreement (FTA) on Wednesday, paving way for the elimination of tariffs on more than 90 percent of goods traded between the two countries over the next decade.
Global miner BHP Billiton's boss, Marius Kloppers, confirmed on Wednesday he had harbored concerns about Chinese and competitor espionage on his business, citing it as a reason behind his push for market pricing of key commodities.
Heineken NV, the world's third-largest brewer, beat market forecasts for 2010 earnings on Wednesday as cost savings more than offset lower beer sales.
Anonymous, the hacker collective known for its attacks on WikiLeaks detractors, has crossed swords with HBGary and other security firms in retaliation to the HBGary Federal CEO Aaron Barr's earlier threat.
China will soon publish new regulations to increase supervision of the country's rare earth industry in a move that is likely to drastically change the landscape of the sector, the China Securities Journal informed on Wednesday.
French drug maker Sanofi-Aventis agreed to acquire U.S. biotechnology company Genzyme for $74.00 per share in cash or about $20.1 billion plus extra payments linked to experimental multiple sclerosis drug Lemtrada.
U.S. President Barack Obama on Tuesday condemned Iran's crackdown on protesters inspired by Egypt's popular uprising and urged friends and foes across the Middle East to take heed of their peoples' aspirations for democracy.
Emerging markets focused lender, Standard Chartered Bank <2888.HK>, has shuttered its global loans trading unit, sources familiar with the matter told Reuters on Wednesday, ending a unique experiment in Asia, as it moves to focus on lending to clients.
NEW YORK - Major League Gaming, the largest professional competitive video game league, will be expanding to new markets outside North America thanks to a new partnership with IMG, the global sports and entertainment company.
Any person or authority found misusing scanned body images, produced during Transportation Safety Administration’s routine security checks on all US major airports, will be punished with up to a year in prison and a fine up to $100,000.
The Group of 20 wealthy and emerging nations is likely to encourage emerging countries to let their currencies float more freely when they meet this week, in a repeat of language used last year, a G20 official said on Tuesday.
