Bhaskar Prasad

Apple Inc. acquired San Francisco-based Chomp Inc., which helps users sort through the widening array of software applications for mobile devices.

In the G-20 meeting to be held in Mexico City from Feb. 25, the U.S., China and Japan will ask Europe to take additional steps to solve the economic crisis before it could receive external help.

Citigroup Inc. exited investment in India's Housing Development Finance Corp. for $1.9 billion resulting in a pre-tax gain to it of $1.1 billion and an after-tax gain of approximately $722 million.

The Bank of America Thursday said that it would no longer provide new mortgages to Fannie Mae following the escalation of disagreement over who should be bearing the cost for defective mortgages.

Shares of American International Group Inc. rose 6 percent in after hours trade on Thursday after it announced that the fourth-quarter profit jumped 77 percent, fueled by a tax benefit and an increase in the value of a stake in Asian insurer AIA Group Ltd .

Procter & Gamble, the consumer products maker, said on Thursday it would eliminate 5,700 jobs over the next year and a half as the company unveiled a plan to cut $10 billion in costs over the next four years.

Sears Holdings Corp posted a large fourth-quarter net loss of $2.40 billion compared with $374 million profit last year resulting in its statement that it would sell or spin off many of its stores to boost liquidity.

President Barack Obama has made a proposal to lower the corporate tax rate to 28 percent from 35 percent in an attempt to ensure that companies will be paying less in taxes for the U.S. to remain competitive globally. The proposal could intensify the tax-reform debate with the Presidential election approaching.

Facebook, which has filed the prospectus for its initial public offering seeking to raise $5 billion in initial funding, is yet to set its price range for the IPO but buying and selling of its stocks are already happening.

The Securities and Exchange Commission (SEC) has filed a lawsuit against the chairman and the former Chief Executive Officer of Puda Coal Inc alleging them of defrauding investors by selling stakes in the firm which they had turned into an empty shell company.

A target of less than 8 percent growth for China could be set by Premier Wen Jiabao amid the risk of financial instability, according to a report.

The world's top consumer technology firms have agreed to provide greater privacy disclosures in mobile applications before users download them in order to protect the personal data of millions of consumers according to an annoucement by California Attorney General.

Hewlett-Packard reported Wednesday that net income fell sharply for the first fiscal quarter and warned of continued weakness as it was losing market share in personal computers and printer business.

Apple is going to have the annual face-to-face meeting with shareholders Thursday, which is days after its shares crossed the record mark of $500.

The climbing oil prices could undermine the U.S. economic recovery and it is an extremely disturbing report for President Barack Obama as it could hurt his re-election chances.

The Nuclear Regulatory Commission released a collection of transcripts of internal conference calls held in beginning hours after the Fukushima Daiichi nuclear disaster in the earthquake in Japan, which reveal a sense of urgency and confusion that the situation generated.

Dell reported a fiscal fourth-quarter profit of $764 million, or 43 cents a share, compared with a profit of $927 million or 48 cents a share for the year-earlier period, weighed down by weak consumer PC sales, pricing and supply issues caused by the floods in Thailand.

Johnson & Johnson announced Tuesday that William C. Weldon would retire in April as its chief executive.

Shares of Alibaba.com, an e-commerce company have risen 43% early Wednesday after resuming trade encouraged by the news that it would take the company private.

Eurozone finance ministers have approved the 130 billion euro ($171 billion) bailout package to Greece but this will not be good enough to solve the crisis faced by the named according to IHS Global Insight

Oil traded near the highest price in nine months following expectation of increasing demand as euro zone finance ministers agreed on a rescue package for Greece.

Euro zone finance ministers reached an agreement to hand Greece a bailout package worth 130 billion euros ($171 billion) , to help the country avoid a default.

Operations of India's Kingfisher Airlines continued to be disrupted with at least 30 flights cancelled Tuesday morning.

A Chinese court has ordered a local electronics vendor to stop selling the iPad, as part of the intensifying trademark dispute, which is threatening Apple to stop the sales of the popular tablet in the country.

Microsoft accused Google of bypassing privacy protections in Internet Explorer, following accusations last week that Google was doing so in Apple's Safari browser.

Eurozone finance ministers meet Monday to resolve all the issues surrounding the 130 billion euros ($170 billion) bailout package for Greece. The question remains what will happen to Greece without this rescue package.

Carlsberg AS, the Danish brewer, said full-year profit declined 4.2 percent because of weaker sales in Russia, where it is the biggest beer maker, due to tough competition.

Standard & Poor's Ratings Services said that it has affirmed Japan's sovereign debt rating at AA- along with maintaining its negative outlook as the country faces dismal fiscal position.

Iran has ceased oil exports to the UK and France in reply to European Union's decision to ban purchases of Iranian crude that were planned to begin in July.