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Dollar declines as Bernanke points to easing

The dollar dropped on Thursday after Federal Reserve Chairman Ben Bernanke told a congressional committee that more interest rate cuts may be necessary and that the economic outlook has worsened.

Dell seen back to strong growth

Dell Inc returned to double-digit percentage growth in global PC shipments in the fourth quarter as its new retail sales strategy began to pay off, while rival Hewlett-Packard Co's growth slowed, technology researcher IDC said on Wednesday. Overall, global personal computer sales rose a healthy but less-than-expected 15.5 percent in the fourth quarter, and economic concerns were likely to cut into future demand, IDC said.

Hasbro Sends Facebook a Scrabulous Copyright Warning

One of the world's biggest toy companies has warned popular social networking website Facebook that a highly popular Scrabulous game on its site infringes on copyrights.

Gold Futures Slide on Stronger Dollar

Gold futures dropped the most in nearly nine months on Wednesday as the dollar rose against a basket of other major currencies, reducing the investment appeal of gold.

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U.S. Stocks Rise on Financial Results

U.S. stocks rose on Wednesday, after JPMorgan Chase & Co. and Wells Fargo & Co. reported quarterly results not worse than expectations, giving some hope that the battered financial sector may be able to cut some of its losses.

Dollar Gains, Euro down as Oil Prices Wane

The dollar rose on Wednesday as a fall in oil prices pushed investors to reduce their euro holdings and temporarily abandon expectations for a weakened dollar.

U.S. Consumer Prices Soar in Dec., New 17 Year High

U.S. consumer prices rose in December, their fastest rate in nearly two decades led by higher energy, food and medical prices causing economic growth to slow, the Labor Department reported Wednesday.

Biggest challenge for U.S. ethanol is big supply

The biggest challenge facing the U.S. corn-ethanol industry in 2008 will be finding a home for all the new production that is coming on stream, a leading economist with Purdue University said on Tuesday.

Israeli right-wing party quits Olmert's government

A right-wing party quit Israeli Prime Minister Ehud Olmert's government on Wednesday, condemning his peace talks with the Palestinians and leaving him even more politically vulnerable.

JPMorgan takes $1.3 billion writedown

JPMorgan Chase & Co said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity and auto loans. The bank quadrupled to $1.1 billion the provision it needs to cover continued problems on home equity and subprime mortgage loans.

Cloned Animals Get OK from U.S. Food Regulators

Cloned animals are safe for humans to eat, U.S. regulators said on Monday after a seven year review. The Food and Drug Administration said there were no special risks associated with the cloning technology.

Gold Falls on Dollar Rebound, Metals Mixed

Gold futures fell on Tuesday, erasing earlier gains after the dollar rebounded against the euro putting further strain on the economy and reducing the appeal of the precious metal.

Intel results, outlook miss estimates

Intel on Tuesday posted quarterly results and an outlook behind Wall Street targets, sending its shares down 15 percent, further stoking concerns the U.S. economy may be entering a recession. Chief Financial Officer Stacy Smith said he was a little bit cautious on the state of the U.S. economy, and the results raised concerns about the impact the economy was already having on the world's largest chipmaker.

Copper falls on Worries of U.S. recession, Retail Sales Decline

Copper Futures declined nearly 3 percent, the lowest drop in six weeks, as worries of an economic recession grew after an official report showed sales at U.S. retailers fell surprisingly in December.

Apple Goes Green: New Macbook Touts Environmentally Friendly Design

Apple has been a frequent target of environmental activists who claim its products are harming the Earth, but today the company unveiled a new more environmentally friendly laptop.

Dollar Hits 2-Year Low Against Yen

The dollar on Tuesday, reaching its lowest level against the yen in two years after a report about slow retail sales triggered concerns that the U.S. economy will go into recession.

Oil falls $2 on Slowing Retail, OPEC Comments

Oil prices fell more than $2 a barrel below $92 on Tuesday after the U.S. government reported a decline in retail sales and Saudi Arabia's oil minister said the Organization of Petroleum Exporting Countries could increase output.

Dollar falls on weak retail sales

The dollar extended its declines against the euro and yen on Tuesday after data showed U.S. retail sales for December were below market expectations.

Clearwire plans to offer Google applications

Wireless service provider Clearwire Corp said on Tuesday that it would offer its customers applications such as e-mail and calendar from Web search leader Google Inc.

GM, Toyota Battle Turns Electric

Toyota Motor Corp on Monday threw down the gauntlet to GM in a race for the next green car.

Citigroup's Record Loss Forces $18 Bln Writedown

Citigroup Inc., the nation's largest bank by assets, reported the company's biggest quarterly loss and slashed dividends on Tuesday as loan defaults in recent quarters forced it to write down the value of subprime-mortgage investments by $18 billion.

Retailers brace for consumer slowdown in 2008

Dream Big is the theme of the National Retail Federation's annual conference taking place this week and that is likely to be what many U.S. retailers will do to survive 2008 -- dream big of greener pastures.

Copper Rises on Weak Dollar

Copper Futures rose on Monday after the dollar slipped, which also drove investments into other commodities such as gold and oil.

Google, Others, Approved to Bid for Wireless Spectrum

Google, along with a set of other companies, was cleared by federal regulators to bid for a highly desired chunk of wireless spectrum on January 24.

Sprint Set to Lay Off Employees: Report

Sprint Nextel Corp. plans to lay off several thousand employees, according to a media report Monday.

Oil Climbs Over $1 on Crude Supply Fears, Dollar Decline

Crude oil rose over $1 on Monday after the dollar dropped against the euro, and strained relations between the U.S. and Iran raised worries about crude supply.

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