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Skype strikes first major mobile deal

Internet telephony firm Skype made its first major leap into cellphones on Tuesday, striking a deal with the largest U.S. mobile carrier Verizon Wireless.

Burger King to sell Starbucks' Seattle's Best brew

Burger King Holdings Inc will sell Starbucks Corp's Seattle's Best Coffee at its U.S. restaurants by autumn, as it revamps its morning menu and responds to the successful launch of McCafe coffee by McDonald's Corp .

Smartphones a growing problem for networks

The chief executive of Vodafone Group Plc, the world's largest mobile network operator, expressed the fears of many on Tuesday when he said Google Inc should not be allowed to dominate the mobile space.

Haiti reconstruction cost may near $14 billion - IADB

The cost of rebuilding impoverished Haiti after last month's catastrophic earthquake could reach nearly $14 billion (8.87 billion pounds), making it proportionately the most destructive natural disaster in modern times, economists at the Inter-American Development Bank said on Tuesday.

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Daily Forecast - 17/2/2010

The release of the RBA board minutes saw a fairly muted reaction initially on the AUD/USD as it drifted around the 0.8890 level before popping through the 89 cents in Asian afternoon trade.

Stocks rise on earnings, upgrades, rising commodities prices

U.S. stocks rose in light trading on Tuesday, as better than expected earnings reports, analyst upgrades and rising commodities prices influenced gains.

Fox Business in talks with CNBC editor Gasparino

News Corp's Fox Business Network is in talks with rival network CNBC's former on-air editor Charles Gasparino, according to a person familiar with the matter, as Fox attempts to bulk up on talent on the fledgling business news network.

Earnings, economic optimism boost Wall Street

U.S. stocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook.

Menswear comes into its own

While male consumers often favor comfort and ease in clothing over the latest styles, the looks on the runways this week are likely to trickle down into mass retail clothing lines as these designers gain influence, they said.

Verizon to partner with Skype

Verizon Wireless will let its customers make free or low-cost calls by using Skype on its smart phones.

Wall Street rallies on profits, data

U.S. stocks rallied on Tuesday, sending the benchmark S&P 500 to its biggest one-day percentage run-up in three months, as Merck's strong earnings and upbeat regional manufacturing data boosted optimism about the economic outlook.

U.S. presses for Rajaratnam criminal trial first

U.S. prosecutors argued on Tuesday that Galleon hedge fund founder Raj Rajaratnam, indicted on fraud charges in a sprawling insider trading probe, would have an unfair advantage if a civil trial by market regulators went ahead before a criminal trial.

Toyota to cut U.S. output further after recalls

U.S. regulators on Tuesday opened an investigation into whether Toyota Motor Corp acted in a timely way to recall cars for acceleration problems, and the automaker moved to slow its U.S. production to avoid a costly ballooning of inventories.

Financial and commodities stocks lead Dow higher

In a relatively quiet day with little new developments from China or Europe, investors have shifted into riskier assets.

New York factories gain but China sells U.S. debt

A New York state manufacturing gauge published on Tuesday hit its highest level since October this month, while sentiment among home builders rose more than expected, signaling continued improvement in the U.S. economy.

Bank tax idea gains traction, still ill-defined

World leaders want banks and financial firms to pay up for government interventions -- past and future -- to stabilize the international financial system. While details are sketchy, some form of bank balance sheet tax appears to be gaining ground.

U.S. credit card delinquency rates level off

The percentage of Americans falling behind on credit card bills stabilized in January, according to data from five lenders on Tuesday, signaling that U.S. consumer credit woes may be leveling off.

Fed's Hoenig: Fiscal strains pressuring Fed

The ballooning U.S. budget deficit and growing mountains of federal debt will increase pressures on the Fed to hold interest rates low and make it harder to avoid inflation, a senior Federal Reserve official said on Tuesday.

BofA wins judgment over cybersquatter on Web names

Bank of America Corp has won a court judgment barring a self-described cybersquatter from using the bofaml.com and mlbofa.com Internet domain names following the bank's acquisition of Merrill Lynch & Co.

Home to Beatles hits Abbey Road up for sale by EMI

The London recording studio immortalized by the multi-million-selling Beatles album of the same name has been put up for sale by its owners.

Oil gains 4 percent on dollar drop, Iran tension

Oil prices jumped 4 percent to above $77 a barrel on Tuesday, responding to a weaker U.S. dollar, stronger equities, and growing tensions over sanctions against Iran.

Cigar, pipe smoking may raise lung disease risk, too

If you thought it was only cigarettes that were dangerous to smoke, think again: People who smoke cigars or pipes have a heightened risk of airway damage that could put them on a path toward emphysema and other diseases, a new study finds.

Clothing company Express files for $200 mln IPO

Express, the sixth-largest specialty retail apparel brand in the U.S. on Tuesday filed for an initial public offering of up to $200 million.

Chesapeake Midstream files for $345 mln IPO

Natural gas infrastructure company Chesapeake Midstream Partners LP on Tuesday filed for an initial public offering of up to $345 million.

Verizon to allow Skype calls on smartphones

Verizon Wireless will let its customers make free or low-cost calls using Skype on its smart phones, making it the first U.S. operator to allow the Internet phone company on its network.

Barclays profit tops $18 billion

Barclays Plc beat forecasts with a near doubling of profits in 2009 to 11.6 billion pounds ($18.2 billion), cheering investors with an improved balance sheet and boosting shares across the sector.

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