Google Inc was set to announce on Friday it will bid on coveted airwaves to launch a U.S. wireless network, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.
CEO pay in the hard-hit U.S. home-building sector is high compared with most other industries, and a big chunk of the compensation is from annual bonuses that aren't tied to long-term performance, a new study has found.
The Colombian government broadcast videos on Friday of kidnapped politician Ingrid Betancourt and three Americans in the first proof since 2003 that the high-profile rebel hostages were still alive.
An economic recession could hammer those media and entertainment companies that rely heavily on advertising next year, curtailing experimentation when the industry needs it most.
U.S. President George W. Bush on Thursday stepped up pressure on lawmakers to pass his Iraq war funding request, while a senior Democrat said a deal might be possible.
Facebook is good for keeping up with high-flying buddies, MySpace is for teenage offspring and the BlackBerry is a full-time addiction, according to top media executives who were quizzed on their personal media habits at this week's Reuters Media Summit.
Gold firmed in narrow ranges on Friday, struggling to recapture the key $800 mark and taking refuge from sharp swings in oil and currency markets.
European stocks opened at a two-week high on Friday while the yen slipped, as expectations grew of U.S. interest rate cuts that could stem the slowdown in the world's largest economy.
Oil tumbled more than $2 to a one-month low below $89 a barrel on Friday as attention returned to next week's OPEC meeting that is expected to boost output.
The yen fell broadly on Friday and high-yielders gained after comments by Federal Reserve Chairman Ben Bernanke cemented expectations of easier monetary policy, which may help the U.S. economy to avoid a recession.
Google Inc was set to announce on Friday it will bid on coveted airwaves to launch a U.S. wireless network, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.
A happy, extroverted man with a commanding presence and an unfailing gift of gab, Henry J. Hyde spent three decades in the thick of some of Capitol Hill's biggest fights.
Morgan Stanley Co-President Zoe Cruz is retiring as the subprime mortgage crisis ends a 25-year tenure for a woman who had been seen as the front-runner to succeed Chief Executive John Mack.
Sprint Nextel Corp.(NYSE:S), which is currently in need of a new chief executive, refused a $5 million investment bid that would have installed the former chairman as CEO, according to a report released Thursday.
President Bush asked Congress to approve billions of additional dollars to fund the wars in Iraq and Afghanistan on Thursday.
Police in New Zeland are questioning an 18-year-old suspected of being part of an international team of cyber hackers that infected and disabled more than 1.3 million computers in the U.S. and the Netherlands last year.
Morgan Stanley Co-President Zoe Cruz is retiring as the subprime mortgage crisis ends a 25-year tenure for a woman who had been seen as the front-runner to succeed Chief Executive John Mack.
Federal Reserve Chairman Ben Bernanke said on Thursday a resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy, signaling an openness to lowering interest rates again. He said the Fed will have to remain exceptionally alert and flexible.
Dell Inc the world's second-largest personal computer maker, posted a rise in quarterly profit on Thursday but gave a cautious outlook, and its shares dropped nearly 7 percent. Net income for Dell's fiscal third quarter grew to $766 million, or 34 cents per share, from $601 million, or 27 cents per share, a year earlier, as the company sold more laptops and component prices fell. Revenue in the quarter ended November 2 rose to $15.65 billion from $14.42 billion.
Treasuries and three-month bill yields dropped to less than 3 percent amid great concerns over banks’ willingness to lend that led investors to relative safety of U.S. government debt.
Soft sales and plunging prices for new homes together with a surge in claims for new jobless benefits highlighted a slide in U.S. economic activity that forced the Bush administration on Thursday to scale back its estimate for growth in 2008.
E*Trade Financial Corp is getting a $2.55 billion cash infusion from investors led by Citadel Investment Group, which is also buying the mortgage-related securities portfolio that has been the primary source of the discount brokerage's recent woes. The bail-out by Chicago-based Citadel will give the alternative fund manager about 18 percent ownership of E*Trade and a seat on the board, E*Trade said on Thursday.
