Gold firmed on Wednesday on bargain hunting driven by persistent worries that debt problems in Europe were worsening, but rising stock markets could still spur a shift to riskier assets.
Electronics hardware makers on Tuesday showed off snazzy new devices enabling motion-sensing play and 3D effects, intensifying a battle to introduce video-gaming to a new generation of casual users.
Oil rose above $77 on Wednesday to reach the highest level since mid-May, tracking a recovery in global stock markets as risk appetite returns with easing concern about Europe's economy.
Gold prices eased in Asian trade Wednesday after an overnight rise near one percent on Europe debt concerns.
Gold for immediate delivery was seen trading at $1232.69 an ounce at 11.30 a.m Singapore time while US gold futures for August delivery was at $1,233.3 an ounce.
Volkswagen AG sees the newest Jetta model bolstering U.S. sales of the car by as much as 25 percent by 2012, helping the automaker seize up to 4 percent of the U.S. auto market.
The company said the IPO of 11.1 million shares will be priced at $14 to $16 per share.
T-Mobile USA, the No. 4 U.S. mobile service, said that by the end of this month it would be less than half way through its 2010 network upgrade plan aimed at boosting its mobile data web-surfing speeds.
Low-rated U.S. companies may struggle to refinance more than $1.7 trillion in debt that comes due between 2011 and 2014 as growing economic concerns make banks and investors more reticent to lend, Standard & Poor's said on Wednesday.
Retailers strive for the perfect mix of products that will boost sales and keep costs down -- but the experience of some, including Wal-Mart Stores Inc , in pruning merchandise shows that getting the recipe just right, can be tricky business.
Shares of CBOE Holdings Inc jumped 12 percent in their market debut as investors flocked to the last major North American financial exchange to go public and a potential takeover target.
Sony Corp will launch its motion-controlled gaming system on September 15, getting to market weeks ahead of a rival platform from Microsoft Corp as it makes the jump into one of the hottest trends in gaming.
Mobile devices and home computers are creating a bigger audience for ESPN's sports content rather than cannibalizing its television programing, the president of the sports media company said on Tuesday.
The Federal Reserve scored a political victory on Tuesday as Democrats mulling financial reform backed off measures that would expose monetary policy to audits and make the head of the New York Fed bank a political appointee.
The Federal Reserve scored a political victory on Wednesday as Democrats mulling financial reform backed off measures that would expose monetary policy to audits and make the head of the New York Fed a political appointee.
The Australian Dollar has continued to push higher overnight following a positive lead from equity markets.
Japan's Nintendo Co Ltd on Tuesday took the wraps off a new version of its DS handheld device that can play games and show movies in 3D without glasses, as the hardware wars with Microsoft Corp and Sony Corp heat up.
Customers attempting to reserve the next iPhone were thwarted by technical problems on the websites of Apple Inc and AT&T Inc on Tuesday, the first day of pre-orders for the phone.
Celebrity blogger Perez Hilton on Tuesday sought to defuse a media furor he created by posting a picture on his Twitter account that seemed to suggest teen pop star Miley Cyrus had been photographed without wearing underwear.
Fewer Americans fell behind on their credit card bills in May, signaling that consumers are closer to getting their debt levels under control even if the economy remains sluggish.
The Australian Dollar opens sharply higher against the greenback on Wednesday at 0.8650.
Manufacturing in New York state grew in June even as hiring slowed, supporting views the factory sector is recovering, while import prices recorded their largest decline in nearly a year in May.
Best Buy reported lower-than-expected sales and profit, hurt by rising costs of expanding its business and weaker consumer demand, sending its shares down 6 percent.
