ECONOMY & MARKETS

Google Inc.'s $12.5 billion purchase of Motorola Mobility Holdings Inc. will have positive impact on Apple Inc., Barclays Capital said in a note. But Jefferies believes Apple is likely to strike back in patent war.

An ugly selloff in global stocks gathered pace Friday, on mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of a banking crisis.

Shares in European software makers jumped amid a falling market on Friday on hopes they were more likely bid targets after Hewlett-Packard's $11.7 billion bid for British enterprise search-software maker Autonomy.

The top after-market NYSE gainers on Thursday are: MF Global Holdings, La-Z-Boy, Sanofi, Swift Transportation, Atlantic Power, MBIA, Salesforce.com, Barnes & Noble, Gap and Equity One.

The top after-market NYSE losers on Thursday are: LDK Solar Co, Hewlett-Packard, Aeropostale, Humana, GenOn Energy, First Commonwealth Financial and UBS AG.

Global stocks ceded more ground Friday, hurt by mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of another banking crisis.

U.S. Treasuries rose in Asia on Friday, supported by weakness in global equities and concerns about the U.S. economy's outlook, but profit-taking helped temper gains as the 30-year yield dipped near a 2- year low hit the previous day.

Fears of U.S. slowdown dampen demand expectations.

The U.S. stock market had a mini-meltdown on Thursday as fears about a second recession in the United States and Europe rattled investors.

Asian stocks extended losses Friday, with South Korea's benchmark shedding 5 percent on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.

Researchers at IBM are collaborating with the U.S. Defense Advanced Research Projects Agency for the Phase 2 of the much speculated cognitive computing project called SyNAPSE.

New U.S. claims for unemployment benefits rose more than expected last week, according to a government report released Thursday that suggested hiring in August was steady but not robust.

Asian stocks tumbled as much as 4 percent on Friday on growing fears that the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.

From the first trading day after the strike was announced, Aug. 8, through the close of business on Aug. 17, Verizon shares rose 7.52 percent.

Barclays fired one of its star commodities traders yesterday, marking what could be the end of an era.

HPQ shares are down about 6.1 percent as of 3:15 p.m. (New York time).

A band of showers has offered some relief to parched areas from Kansas to Mississippi Thursday, but the historic drought causing billions of dollars in losses in the South is showing no signs of abating soon.

The company is set to expand beyond North America in the new year.

The Dow Theory confirms what the market is demonstrating today: It’s time to sell stocks as the economy barrels towards another recession

Google Inc.'s $12.5 billion acquisition of Motorola Mobility Holdings will have positive implications for Nokia Corp. and Apple Inc., but Research In Motion and HTC will have a neutral impact, Barclays Capital said in a note.

The Dow Jones Industrial Average took a nose dive during Thursday trading, dropping more than four percent at times during trading. As the stock markets dropped across the board it raises the question -- at what level do circuit breakers cut in to stop a stock market from crashing?

Oil prices saw a major sell-off in early August, an event that foretold the North American stock market crash today.

T-Mobile's 4G-enabled BlackBerry Bold 9900, which is powered by Research In Motion's BlackBerry OS 7, is set to hit shelves on Aug. 31 with pre-orders already started for business customers.

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

A top official of Standard & Poor's said, France will retain its AAA rating, allaying fears of possible downgrade of the country?s rating due to ongoing eurozone debt crisis.

The Arabic network?s Kabul bureau chief has been held in prison since August 10 after being detained in occupied West Bank.

The glitzy Gulf emirate of Dubai launches a gas strategy aimed at meeting rising energy demand.

Google Inc.'s Android is dominating smartphone sales in Australia, overtaking Apple Inc.'s iOS for the first time, according to a new research.