Intel CFO faces fewer worried investors
Intel Chief Financial Officer Stacy Smith likes the questions he is receiving from Wall Street these days a lot more than the concerns many investors voiced last year about the PC chip giant's ability to adapt to consumers' growing preference for smartphones and tablets.
India court orders licenses cancelled in telecom scandal
India's Supreme Court ordered on Thursday telecoms licenses issued under a scandal-tainted 2008 sale be revoked, striking a decisive blow against corruption that plagues the country and roiling the world's second biggest cellular market.
Sony sees $2.9 billion loss, new CEO warns of pain
Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Kazuo Hirai, who vowed to move quickly to turn things around.
HSBC Plans For Up to 200 U.S. Job Cuts, Jobs May Go to Ireland
The job cuts, if they go through, would be part of thousands of other cuts which financial institutions plan to make in the near future.
Viacom profit beats on higher cable fees
Viacom Inc's profit beat Wall Street forecasts on Thursday helped by a double-digit growth in fees paid by cable, satellite and phone companies for its stable of networks, including MTV and Nickelodeon.
Costco January same-store sales up 8 percent
U.S. warehouse club operator Costco Wholesale Corp posted a better-than-expected 8 percent rise in January sales at stores open at least a year, helped by higher gasoline prices.
Timeline: From dorm room to Nasdaq: Facebook's meteoric ascent
Facebook on Wednesday filed to raise $5 billion in an initial public offering. Here are a few highlights of its meteoric rise, several of which were chronicled in David Fincher's seminal Oscar-winning 2010 movie, The Social Network:
Merck sales fall short, issues flat 2012 forecast
Merck & Co on Thursday reported weaker-than-expected quarterly sales and predicted relatively flat 2012 results as the No. 2 drugmaker girds for cheaper generic forms of its biggest product, asthma drug Singulair.
CME Group profit up on tax benefits
CME Group , the biggest U.S. futures exchange operator, on Thursday said fourth-quarter profits rose sharply because of tax benefits and said it would institute a special annual dividend on top of its regular quarterly payout, which it also increased.
Stock futures imply higher open after jobless claims fall
Stock index futures pointed to slight gains at the open on Thursday after jobless claims fell more than expected, boosting optimism about the upcoming January payrolls report.
Key Internet Operator VeriSign Hit by Hackers
VeriSign Inc., the company in charge of delivering people safely to more than half the world's Web sites, has been hacked repeatedly by outsiders who stole undisclosed information from the leading Internet infrastructure company.
Online video firm Youku sues rival Tudou: report
Youku.com, China's largest online video company, filed a lawsuit against its No.1 rival, Tudou Holdings Ltd, saying it incurred losses because of claims by Tudou that Youku had misused copyrighted material, the government-run Xinhua news agency reported on Thursday.
U.S. Jobless Claims Fall to 367,000 in Latest Week
New U.S. claims for unemployment benefits fell last week, a government report showed on Thursday, pointing to more healing in the nation's battered jobs market.
Costco, Limited impress in January
A handful of U.S. retailers, including Costco Wholesale Corp and Limited Brands Inc , beat Wall Street's expectations for January sales, but analysts are not so optimistic about department store chains and apparel chains that have yet to report on Thursday.
Stock futures flat, Dow Chemical falls after earns
Stock index futures were little changed on Thursday as investors looked ahead to weekly jobless claims data, one last clue about the state of the labor market before Friday's key jobs report.
Analysis: Bond benchmarks put investors in undue danger
Investors are needlessly exposing themselves to huge potential losses by defying two golden rules for making money through bonds - lend more to those who will pay on time in full and less to those already saturated in debt.
Stock Futures Flat Ahead of Jobless Claims
Stock index futures were little changed on Thursday as investors looked ahead to weekly jobless claims data, one last clue about the state of the labor market before Friday's key non-farm payrolls report.
Planned layoffs surge in January: Challenger
The number of planned layoffs at U.S. firms surged in January to its highest level in four months as retailers and financial firms cut jobs, a report on Thursday showed.
Tokyo bourse suffers glitch, angers traders
The Tokyo Stock Exchange suffered a major glitch in cash-share trading for the first time in six years on Thursday that prevented morning trade in some 240 shares and instruments, including Sony Corp , and provoked anger among traders.
Greek PM seeks to force pledges of more austerity
Greece's prime minister faces the daunting task of rallying reluctant political leaders behind unpopular wage and pension cuts demanded by lenders as the price for bailout money that is essential to avert a chaotic default.
Shell eyes big growth, but at big cost
Royal Dutch Shell unveiled ambitious new growth plans alongside disappointing fourth quarter results on Thursday, raising concerns about how much profit the increased activity will bring.
China's Wen: May become more involved in EU rescue
China is considering providing greater involvement in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.
Deutsche Bank's Ackermann era ends in quarterly loss
Josef Ackermann's reign at Deutsche Bank ended in a surprise quarterly loss on Thursday, with the bank hit by a downturn in bond trading due to the euro zone crisis and writedowns on holdings in drug and gambling companies.
China's Wen says may become more involved in EU rescue funds
China is considering greater involvement in the European Financial Stability Facility and the upcoming European Stability Mechanism , Chinese Premier Wen Jiabao told journalists on Thursday.
Amazon launches online shopping service in India
The world's largest online retailer Amazon.com Inc entered India on Thursday with the launch of its shopping website junglee.com, in a major boost to the country's fast-growing e-commerce market.
AU Optronics: forms strategic alliance with Idemitsu
Taiwan's AU Optronics, the world's fourth-largest LCD maker, said on Thursday it would form a strategic alliance with Japan's Idemitsu Kosan to develop next-generation flat screen technology, as the industry struggles with falling prices.
Stock index futures point to flat start
Stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500 down 0.1 percent, Dow Jones futures flat and Nasdaq 100 futures up 0.2 percent at 4:45 a.m. ET.
Shell profits held back by weak refining
Royal Dutch Shell Plc reported a 14 percent rise in fourth quarter profits on Thursday, as high oil prices outweighed dismal industry-wide margins in its refining business.
Insight: Inside Rupert Murdoch's UK newspaper clean-up operation
The centre of Rupert Murdoch's British newspaper clean-up operation is an unimposing set of offices in a corner of the company's campus in Wapping, east London.
Driveby Email Virus Hits Cyberspace: How to Protect the PCs
The internet security options installed on the PCs won't be triggered as the mails themselves are not infected.
