U.S. car parts maker TRW plans hardly any job cuts should Germany's Siemens sell automotive electronics unit VDO to the U.S. company, a German weekly reported on Sunday.
Half a world away from the U.S. subprime market's woes, Australian investors are scrambling to uncover what is happening at homegrown hedge fund Basis Capital and Asia's bankers are bracing for credit markets to dry up.
A number of U.S. states are setting up funds to help homeowners with risky subprime mortgages refinance to more affordable loans in a bid to slow the rate of home foreclosures, The Wall Street Journal reported on its Web site.
Federal prosecutors have asked a judge to order former Qwest Communications International Inc. Chief Executive Joseph Nacchio, who will be sentenced this week for insider trading, to give his son's psychiatric records to the government.
The final book about boy wizard Harry Potter sold about 1.2 million copies worldwide.
Driving through the Lower Rio Grande Valley in southern Texas, it is clear that whatever labor is being done on a farm -- be it driving a tractor or weeding a field -- Latinos are doing it.
The seventh and final Harry Potter book flew off the shelves on Saturday as fans the world over snapped up copies to discover the fate of the boy wizard and his Hogwarts pals.
One in four Americans think China will beat the United States in the next decade as the world leader in innovation, according to a survey released on Sunday by Zogby International.
British sandwich chain Pret A Manger is considering ditching flotation plans and taking advantage of interest from several competing private equity firms, the Financial Mail reported on Sunday.
David Schlesinger and Simon Webb
OPEC is concerned about the potential impact of the near-record price of oil on the world's economy but has seen little sign that growth has been hit by higher energy costs, the group's president said on Sunday.
The seventh and final Harry Potter book flew off the shelves on Saturday as fans the world over poured into stores or waited for the first post to discover the fate of the boy wizard.
Google Inc said on Friday it would take part in a major auction of wireless spectrum airwaves, meeting a minimum required bid of $4.6 billion, if U.S. regulators added a sale condition that Google said would promote an open wireless market.
U.S. lenders facing losses are abandoning the popular but risky loans in favor of safer opportunities.
Big Pharma finds it's tough to get products past clinical trials, regulators and in wide use.
Executives at Caterpillar Inc., the U.S. heavy equipment maker whose disappointing earnings dragged Wall Street into the red on Friday, said internal company factors -- as much as broader economic headwinds -- were to blame for the company's bad quarter.
The Redstones, the family that controls Viacom Inc. and CBS Corp., have taken their private squabble public in a battle that throws into question succession plans for the global media company.
Vodafone Group Plc said on Thursday it was concerned that the current model of iPhone mobile phones -- Apple Inc's latest killer gadget -- did not operate on fast 3G networks.
Home sales and a report on economic growth may help investors decide if they want to keep riding a bull market in stocks, while a torrent of quarterly earnings reports will no doubt cause some anxious moments. A sharp drop in shares of equipment-maker Caterpillar Inc. on Friday showed just how badly a stock can be hurt when there is an earnings shortfall.
U.S. stocks tumbled on Friday, battered by disappointing results from such bellwethers as Caterpillar and Google, and more signals that fallout from the risky subprime mortgage market may spread.
A U.S. appeals court on Friday said Qualcomm Inc. was premature in appealing an order by a federal trade agency that banned imports of some cellular telephones containing Qualcomm chips.
The dollar fell to a record low against the euro on Friday and was on track for its sixth straight weekly decline, weighed down by fears that losses in risky mortgage debt would hurt consumers and slow U.S. growth.
In the Vermont town of Springfield nestled in a mountain valley, a banner decorated with images of pink doughnuts is festooned across Main Street, welcoming visitors to the 'Home of the Simpsons.'
