At Nomura, future direction hangs on who succeeds
The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan's top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market.
China's Internet users breach half billion mark
The number of Internet users in China have crossed the half billion mark, reaching 505 million users at the end of November last year, the China Internet Network Information Center reported.
Wall Street set for slightly higher opening
Stock index futures pointed to a slightly higher opening on Wall Street with futures for the S&P 500 up 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures flat at 1020 GMT.
At Nomura, Future Direction Hangs on Choice of Bhattal Successor
The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan's top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market.
U.S. may overtake China's rich in Rolls Royce race
Luxury carmaker Rolls-Royce Motor Cars Ltd, owned by German automotive giant BMW AG , said its U.S. sales could overtake China this year, revving up the British company for record global revenue in 2012, its chief executive said.
EU fiscal treaty to include escape clause: draft
A new EU fiscal treaty is set to include an escape clause that allows the suspension of a balanced-budget rule during a period of economic downturn or other exceptional event, according to a draft of the document obtained by Reuters on Wednesday.
Wall St set for slightly higher opening
Stock index futures pointed to a slightly higher opening on Wall Street with futures for the S&P 500 up 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures flat at 1020 GMT.
Hostess Returns to Bankruptcy Protection over Pensions
U.S. wholesale baker Hostess Brands Inc filed for Chapter 11 bankruptcy protection in Manhattan on Wednesday, just months after emerging from a similar process last year, after failing to reach an agreement with workers on pension and health benefits.
Bridesmaids director picked to helm Better Woman
Universal is has found another project for Bridesmaids director Paul Feig.
Lindsay Lohan in talks for Elizabeth Taylor TV movie
Lindsay Lohan might not have ended up playing XXX actress Linda Lovelace -- but she just might end up portraying another iconic screen presence.
Paramount acquires James Cameron's 3D Cirque du Soleil
Paramount Pictures has acquired worldwide distribution rights to the James Cameron-produced Cirque du Soleil 3D feature film, the studio announced Tuesday.
Director on board for Melissa McCarthy movie
New Line has lined up Beth McCarthy Miller, best known for directing Saturday Night Live, to direct its Melissa McCarthy project, TheWrap has confirmed.
Directors Guild chooses film award nominees
Filmmakers Woody Allen, David Fincher, Martin Scorsese, Alexander Payne and France's Michel Hazanavicius were nominated for Directors Guild film awards Monday -- a honor that is often a key indicator of Oscar success.
BofA and others being probed over home insurance: source
The New York state's financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
Gaming key to Sony profit rebound: executive
Sony Corp's videogaming business, led by its just-launched handheld Vita, will prove pivotal in returning the company to profitability, Kazuo Hirai, the executive pegged to succeed Howard Stringer as president, said on Tuesday.
Analysis: Nothing black or white in trendless 2012
If the first week in January 2012 tells us anything about the investment year ahead, it's to be skeptical about black and white thinking.
Strong Apple contingent expected at CES
Apple Inc, famous for giving CES the cold shoulder year after year, will field a larger presence at the world's largest trade show than many observers imagine.
Twitter lashes out at Google search changes
Twitter lashed out at changes Google Inc unveiled for its search engine on Tuesday, describing the changes as bad for consumers and for Web publishers.
Motorola, Lenovo sign on to first Intel-powered smartphones
Intel announced multi-year pacts with Motorola Mobility and Lenovo to develop smartphones and tablets, and said the first Google Android phones using the top chipmaker's processors would go on sale this year.
China detains four in connection with data leaks - report
China has detained four people and punished eight for a series of data breaches last month that severely undermined trust in the country's internet security, the official People's Daily reported on Wednesday.
T-Mobile eyes new strategy, may sell towers
T-Mobile USA is finalizing a new business plan which may include a sale of its wireless towers to help pay for a network upgrade as it looks to rebuild its business after its failed effort to sell itself to AT&T Inc, top executives of the Deutsche Telekom unit said.
Carlyle founders reap bumper 2011 profits
Founders of private equity firm Carlyle Group have had a great payday as a result of the firm's record performance in 2011 and are set to gain even more as it prepares for an initial public offering, a regulatory filing on Tuesday showed.
Intel inks mobile deals with Motorola Mobility, Lenovo
Intel Corp and Motorola Mobility Inc have agreed to enter into a partnership in which the mobile phone maker would use Intel's Atom processors in its products.
T-Mobile finalizing plans to rebuild business
T-Mobile USA is working on finalizing a new business plan to try and stem consumer losses, rebuild its brand and win over wholesale customers after its failed sale to AT&T Inc, the chief executive of the Deutsche Telekom unit said.
WebMD scraps sale talks, warns of weak 2012
Popular health information website WebMD Health Corp took itself off the auction block and warned investors of lower 2012 profits as its advertisers in the drug industry pull back on spending.
California bill would block bonds for high-speed rail
A group of Republican lawmakers in California touted a bill on Tuesday that would prevent the sale of state bonds to help finance a planned statewide high-speed rail system.
Heart disease more likely in people with psoriasis: study
People who suffer from psoriasis may want to pay extra attention to heart risks, since they may be at a greater risk for blocked arteries than those who don't have the skin disease -- although the risk increase is not that high, according to a U.S. study.
Snoop Dogg arrested on marijuana charge
Rapper Snoop Dogg was arrested over the weekend after border control agents found what they said was a small amount of marijuana on his tour bus.
Van Halen with Roth release single Tattoo
With frontman David Lee Roth back on board, American rock group Van Halen released Monday their first single and video with the flamboyant frontman in 27 years.
MF Global Holdings trustee urges creditors' priority
The bankruptcy trustee for MF Global Holdings Ltd said that entity's creditors deserve to rank higher in the pecking order for repayment on some claims than customers of its brokerage unit.
