The European Commission has launched formal antitrust proceedings against U.S. chip maker Qualcomm after mobile phone manufacturers complained it charged far too much for vital technology licenses.
U.S. phone company AT&T Inc. said on Monday its Indian unit has applied for licences to provide services in the world's fastest growing wireless market in partnership with India's Mahindra Group.
Shares in beleaguered British bank Northern Rock Plc fell another 26 percent on Monday, the 10th anniversary of the former building society's stock market listing, amid fresh concerns of a sharply discounted sale.
Bill Gross, manager of the world's largest bond fund, on Monday said that the subprime mortgage crisis will dominate Federal Reserve policy over the next several years and believes short-term U.S. interest rates could fall to 3-3/4 percent over the next six to 12 months.
European shares rallied on Monday, led by UBS as its announcement of subprime-related losses ignited speculation that the worst of the damage of the credit crunch may be behind the wealth manager.
Sherrill Zenie said all she wanted was a piece of the American Dream, but what she got was a kick in the rear.Zenie is one of a legion of a relatively new type of homeowner, a flipper, who sought fast money by rapidly buying and selling homes to capture a profit on each as prices soared.
Walgreen Co on Monday unexpectedly posted its first quarterly profit decline in almost 10 years, citing lower reimbursements for some generic drugs and higher salary and other expenses, sending its shares down more than 11 percent in pre-market trade.
A court case brought by Nigeria against Pfizer resumes on Wednesday with the U.S. drug maker saying it answered a call for help to save the lives of African children during a meningitis epidemic.
Citigroup, the largest U.S. bank by market value, said on Monday its third-quarter net income will drop 60 percent on losses and writedowns stemming from subprime and leveraged loan woes, fixed income trading, as well as weakness in its consumer business.
Nokia said on Monday it will offer $8.1 billion for U.S. based digital map supplier Navteq in one of its largest takeovers ever, but its shares fell as analysts dubbed the deal expensive.
More than 100,000 Costa Ricans, some dressed as skeletons, protested a U.S. trade pact on Sunday they say will flood their country with cheap farm goods and cause job losses.
Talks aimed at reining in North Korea's nuclear programmes ended on Sunday to allow delegates to return to their home countries to discuss a "nuts and bolts" joint statement with their governments, the U.S. envoy said.
A U.S. offer to slash its maximum farm subsidies is insufficient for a world trade deal to be reached, French Agriculture Minister Michel Barnier said in an interview published on Monday.
A row that began a year ago when Taiwan rejected Chinese crabs containing a banned substance has spread to other imports from pork to wheat.
Stocks were set to open slightly higher on Monday, helped by optimism about shares' performance in the third quarter, while a profit warning from Citigroup Inc was expected to weigh on the financial sector.
Swiss banks UBS and Credit Suisse and America's Citicorp added to the ranks of casualties from a global credit crunch on Monday, prompting money market rates to climb on fresh concern about the depth of the crisis.
The Teamsters union and United Parcel Service Inc on Sunday said they reached a tentative five-year agreement that will raise parcel workers' wages and increase the company's contributions to funds providing pensions and benefits.
The $85-billion student loan industry is looking toward its next battle in the U.S. Congress -- one that could be for its very survival -- as President George W. Bush on Thursday signed legislation slashing federal subsidies to the troubled sector.
After posting solid gains in September, U.S. stocks are once again near all-time highs. But a significant hurdle in the form of monthly payroll data must be cleared next week if the advance is going to carry over to the fourth quarter.
A court case brought by Nigeria against Pfizer resumes on Wednesday with the U.S. drug maker saying it answered a call for help to save the lives of African children during a meningitis epidemic.
Is The New China's Investment Agency the Road to Riches?
The dollar dropped to a record low versus the euro for the seventh consecutive trading session on Friday on expectations that continued weakness in the economy will force U.S. central bankers to continue to provide more motivation to investors by cutting interest rates.
