IBT Staff Reporter

45571-45600 (out of 154954)

HTC quarterly net lags forecast amid tough competition

Taiwanese smartphone maker HTC Corp recorded a worse-than-expected yearly profit decline in the fourth quarter, and the first decline in two years, as its models scrambled to compete with Apple Inc's iPhone and Samsung's Galaxy range.

Best Buy impresses with market share, profit view

Best Buy Co appeared to gain market share from rivals in the United States during the key holiday season and stood by its profit outlook for the financial year despite a 1.2 percent same-store sales decline in December.

Global economy could endure disaster for a week

The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, a report by a respected think-tank said.

LG to roll out Google TV

LG Electronics Inc said on Friday it would unveil its first Google TV next week, joining Sony Corp and Samsung Electronics Co in partnering with the search giant to get a foothold in the emerging Internet TV market.

U.S. payroll jobs up, jobless rate falls

U.S. employment grew solidly last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity.

Hungary Downgraded to 'Junk' as PM Says Wants Deal

A rating downgrade on Friday left Hungary's debt rated junk across the board, underscoring investors' doubts about the government's willingness to change its controversial policies in return for aid to stave off a financial crisis.

LG joins Google to roll out Google TV

LG Electronics Inc said on Friday it would unveil its first Google TV next week, joining Sony Corp and Samsung Electronics Co in partnering with the search giant to get a foothold in the emerging Internet TV market.

Best Buy backs profit view despite soft December sales

Best Buy Co stood by its profit outlook for the financial year despite a 1.2 percent same-store sales decline in the key selling month of December, allaying some concerns that all its holiday sales were driven by profit-sapping discounts.

London volunteers warned over social media use

Volunteers working at the London Olympics have been warned not to give away breaking news about athletes or disclose the location of politicians and celebrities through online comments or pictures posted on social media sites.

Israel concerned may be under cyber attack

Israeli officials said on Friday they were concerned the country may be under cyber attack after a wave of credit card code thefts in the past week by a hacker who claims to be operating out of Saudi Arabia.

Swiss case lifts curtain on correspondent banking

The indictment of three Swiss bankers employed by Switzerland's oldest private bank sheds light on an obscure corner of hidden offshore wealth: the relationships some smaller banks have with bigger banks for moving clients' money around the world.

Dollar, stocks up after U.S. jobs data

Stocks, commodity prices and the dollar moved higher on Friday while safe-haven government bonds fell after better-than-expected U.S. jobs data for December confirmed the recovery in the world's biggest economy is strengthening.

Compensation claims mount against Porsche and VW: court

Claims against Porsche and Volkswagen filed with a German court have reached 1.8 billion euros ($2.3 billion), the court said, as compensation demands pile up for allegedly holding back crucial information from shareholders.

Japan retailer Seven & I Q3 profit rises, Aeon falls

Japan's Seven & I Holdings posted a rise in third-quarter profit on Friday as convenience store sales stayed strong, but rival Aeon Co's earnings undershot strong year-earlier results, as retailers worry that profit growth could stall.

Woodford to sue Olympus over firing, drops CEO bid

The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker, blaming cozy ties between its management and big Japanese shareholders and saying the saga had taken its toll on his family.

Euro zone's economy slumps at year-end

The euro zone's economy deepened its downturn at the end of 2011 as retail sales fell and sentiment soured, but the first improvement in the business climate in 10 months offered hope that an expected recession may be mild.

ECB's Orphanides Wants to Stop Making Banks Pay for Greece

European Central Bank policymaker Athanasios Orphanides called for Eurozone leaders to abandon plans to make private sector investors help reduce Greece's debts - a move likely to get little traction with the currency bloc's paymaster, Germany.

Jobs hopes buoy stocks, debt outlook dents

Stocks firmed on Friday on hopes that U.S. jobs data due later in the day will show a stronger outlook for the world's biggest economy, but the euro hit a 16-month low on worries over the region's economic health and further debt sales due next week.

HTC net lags forecast amid tough competition

Taiwanese smartphone maker HTC Corp recorded a worse-than-expected yearly profit decline in the fourth quarter, and the first decline in two years, as its models scrambled to compete with Apple Inc's iPhone and Samsung's Galaxy range.

Pages