World's biggest tech show searching for wow
The world's biggest technology trade show will feature razor-thin laptops, powerful new smartphones and fancy flat-screen TVs, but talk in the cavernous halls of the Consumer Electronics Show, which kicks off on Monday night, may focus on whether the show itself has a long-term future.
Home prices fall in November for 4th month: CoreLogic
Home prices fell for a fourth straight month in November as distressed sales continued to weigh on prices, data analysis firm CoreLogic said on Monday.
Merkel Tells Greece to Hasten Debt Deal
German Chancellor Angela Merkel warned Greece on Monday it would not be possible to give further aid without rapid progress on its second rescue package, including a voluntary write-down on Greek debt held by private creditors.
Wall Street seen up as European leaders meet, Alcoa eyed
Stocks were set to tick up at the open on Monday as investors focused on a European meeting intended to find ways to boost the region's economies and tackle a debt crisis and prepared for the start of U.S. corporate earnings.
Audi gains ground on premium car rivals
Audi, the premium car brand of Volkswagen , posted record sales in 2011 as demand for luxury cars in China and Russia helped it gain ground on bigger rivals like BMW and Daimler's Mercedes-Benz.
Merkel, Sarkozy seek growth, jobs for euro zone
The German and French leaders met on Monday to discuss how to boost growth in euro zone states struggling to tackle the sovereign debt crisis and rising unemployment, and to finalize a deal on closer budgetary ties within the currency union.
SNB Chief Quits after Currency Trade Scandal
Swiss National Bank Chairman Philipp Hildebrand is resigning with immediate effect after a scandal over a controversial currency trade made by his wife, the SNB said on Monday.
Stock Futures Edge up as Euro Leaders Meet, Alcoa Eyed
Stock index futures edged higher on Monday as investors focused on a European meeting intended to find ways to boost the region's economies and tackle a debt crisis and prepared for the start of U.S. corporate earnings.
German Surplus Widens, France Set for Record Trade Gap
German exports bounced back in November boosting the country's trade surplus, a sign that Europe's largest economy may avoid a sharp slowdown in contrast to France which is expected to have run up a record trade deficit in 2011.
UniCredit rights issue gets off to shaky start
Shares in UniCredit fell again on Monday and trading in the rights to buy into the bank's closely watched cash call were suspended, fuelling concerns that other lenders may be deterred from using rights issues to plug capital shortfalls.
Exclusive: Olympus sues current president, ex-directors
Japan's Olympus Corp has sued its current president and three ex-directors for several million dollars in compensation, sources told Reuters on Monday, as the company seeks to draw a line under one of the nation's worst accounting scandals.
Stock index futures signal mixed open
Stock index futures pointed to a mixed open for equities on Wall Street on Monday, with futures for the S&P 500 down 0.1 percent, for the Dow Jones up 0.1 percent and for the Nasdaq 100 up 0.1 percent.
U.S. moves toward legal action against Swiss bank: sources
U.S. authorities are moving toward taking legal action against Wegelin & Co, which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case.
Merkel, Sarkozy to seek growth, jobs for euro zone
The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.
Hyundai union threatens stoppages after worker self-immolation
The labor union of Hyundai Motor has threatened to suspend all engine output in the company's biggest production base from Tuesday, saying an employee set himself on fire to protest the company's alleged suppression of unionized workers.
Chinese authors sue Apple for copyright infringement: report
A group of Chinese authors has sued Apple Inc for 11.9 million yuan ($1.9 million) in compensation for allegedly providing copyright-infringing books for download through its online store, Chinese financial magazine Caixin reported.
BMW eyes 2012 growth after record 2011 sales
BMW said its new 3 Series model should spur sales in the second half of 2012 after the group posted record sales of 1.67 million vehicles in 2011.
German data helps lift euro zone sentiment
Signs of improvement in the German and U.S. economies helped offset concerns over the prospects for euro zone debt auctions later this week, lifting the single currency and European shares on Monday.
Analysis: For euro zone, the heat is on again
The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance.
Europe may avoid recession this year, IMF says
Europe as a whole may avoid a recession this year and there were reasons to be more upbeat about prospects for the region, South Africa's Business Day newspaper quoted International Monetary Fund head Christine Lagarde as saying.
Toshiba to enter U.S. smart home energy market
Japan's Toshiba Corp said on Monday it plans to enter the smart home energy market in the United States at the end of this year and generate 10 billion yen ($129.68 million) in revenue by the fiscal year ending March, 2016.
Analysis: Power woes could trip Indonesia's economic surge
Indonesia's inability to meet the rising energy needs of its businesses, from steelmakers to hotel resorts, threatens to put the brakes on growth in Southeast Asia's largest economy.
Goldman Sachs partners could see pay cuts: report
Many partners at Goldman Sachs Group , can expect to see their 2011 pay cut at least in half from 2010, the Wall Street Journal reported, citing people familiar with the situation.
Volkswagen eyes 2012 U.S. sales above 500,000 cars
Volkswagen aims to sell more than half a million cars in the United States for the first time in 39 years, the company said on Sunday, building on its last year's global volume that topped the 8 million mark.
GM challenges German brands with small Cadillac
General Motors Co proved with the Chevrolet Cruze it can build a top-selling compact car, cracking a market long dominated by Japanese brands.
Once struggling U.S. auto market now industry bedrock
Welcome to an unlikely beacon of hope for the global auto industry -- Detroit.
Venezuela will not recognize World Bank ruling in Exxon case
Venezuelan President Hugo Chavez said on Sunday that his country would not recognize any ruling by a World Bank tribunal in a multibillion-dollar arbitration case with Exxon Mobil Corp.
Global regulators signal leeway on new bank liquidity rules
Global regulators vowed on Sunday to press ahead with tough new liquidity rules for banks from 2015, but in a move to head off opposition from industry, also said lenders can tap into safety buffers in times of stress.
Merkel and Sarkozy Meeting to Seek Growth, Jobs for Eurozone
The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.
Strong data damps Fed need to buy bonds: Bullard
Signs the recovery is gaining strength suggest the Federal Reserve may not need to buy any more bonds to spur growth, a top policymaker said on Saturday.
