Retail marketers keep holiday optimism in check
Chief marketing officers at U.S. retailers are cautious heading into the holiday season, though those at larger chains are a bit more optimistic about their prospects, according to a survey conducted by BDO USA.
Wall St drops as Italy fuels euro zone fears
Stocks dropped more than 2 percent in early trading on Wednesday as a spike in Italian bond yields prompted fears the region's debt crisis was spiraling.
Failing on Greece, EU Must Ring-fence Italy
One message from financial markets has become quite clear: attempts by the euro zone to ring-fence Greece and stop contagion to other, more significant economies has failed.
Analysis: Failing on Greece, EU must ring-fence Italy
One message from financial markets has become quite clear: attempts by the euro zone to ring-fence Greece and stop contagion to other, more significant economies has failed.
In Microsoft's shadow, Seattle's tech scene surges
The transformation of Seattle's South Lake Union district stands as a metaphor for this city's emergence as what some would argue is the West Coast's second most important hub of technology and entrepreneurship.
Wal-Mart to open software development center in Bangalore
Retail giant Wal-Mart's new social media arm, WalmartLabs, will open a software development center in the southern Indian city of Bangalore by the end of this year, a company executive said on Wednesday.
Africa may have first commercial 4G network in 2012
Africa could have its first commercial long-term evolution or 4G network as early as next year, as wireless phone operators gear up to meet growing data demand from smartphone users, an Ericsson executive said on Wednesday.
GM Profit Falls, Shares Tumble on Weak Outlook
General Motors Co posted a third-quarter profit that fell 15 percent after a loss in Europe and forecast that operating profit in the current quarter would be flat from a weak fourth quarter in 2010.
Ericsson sees weaker Q4 margin, cautious customers
Ericsson, the world's top mobile network gear maker, cautioned that new lower-margin business would hit profitability in the fourth quarter and the global slowdown could mean its customers spend less.
NYSE braces for big move at the open, invoke rule 48
The New York Stock Exchange and NYSE Amex Cash Markets on Wednesday invoked a rule to smooth trading at the market open as futures tumbled following a spike in Italian bond yields.
German wise men warn ECB is risking credibility
Germany's wise men panel of economic advisers warned the European Central Bank it risks losing credibility by buying the bonds of heavily-indebted euro zone states, and that monetary and fiscal policy are becoming worryingly blurred.
Berlusconi resignation fails to convince markets
Prime Minister Silvio Berlusconi's pledge to resign after implementing economic reforms did nothing on Wednesday to staunch a perilous collapse in market confidence in Italy.
Olympus investment losses may have exceeded $1 billion
Losses on securities investments at the core of a scandal rocking Japan's Olympus Corp may have once exceeded $1 billion, the Nikkei newspaper said on Wednesday, as the 92-year-old firm's share price plunged due to doubts about its future.
TSX may open lower on Italian debt worries
Toronto's main stock index looked set to open lower on Wednesday, hurt by weaker commodity prices as doubts about Italy's ability to tackle its debt problems persisted even after Prime Minister Silvio Berlusconi pledged to resign.
It's Bieber vs Monroe at Hollywood auction
She was among the most photographed celebrities of her day, and he is among the top pop stars of his. But whose pictures are worth more -- Marilyn Monroe or Justin Bieber?
‘World of Warcraft’ Continues to Lose Subscribers
Activision Blizzard’s extremely popular fantasy MMO has lost another 800,000 subscribers as of Sept. 30. The player count is now down to 10.3 million players.
Justin Bieber Baby Rumors: Who is Telling the Truth - Mariah Yeater or the Singer? (PHOTOS)
Teen sensation Justin Bieber is allegedly the father of 3-months old love child and the baby's mother, 20-year old Mariah Yeater claims her son was the result of a brief sexual encounter she had with Bieber at a Los Angeles performance last year. However, the singer has denied this allegation saying he has never met Yeater and has also agreed to take a DNA test to prove it.
Panthers maul Leafs, end three-game slide
The Florida Panthers mauled the Toronto Maple Leafs 5-1 on Tuesday to put an end to a string of frustrating shootout defeats.
German 'Wise Men' Warn ECB is Risking Credibility
Germany's wise men panel of economic advisers warned the European Central Bank it risks losing credibility by buying the bonds of heavily-indebted euro zone states, and that monetary and fiscal policy are becoming worryingly blurred.
Balloons Sniff For Signs of Terrorism
Devices help researchers track spread of crop diseases.
Macy's posts higher net, raises full-year outlook
Macy's Inc reported a higher third-quarter profit, helped by sales gains on its website and at its upscale Bloomingdale's chain, and the retailer raised its profit forecast for the fiscal year.
Global Stocks Sink as Italian Bond Yields Soar
The euro zone debt crisis kicked into a new gear on Wednesday as Italian bond yields soared into levels widely deemed unsustainable, causing a sharp sell-off in stocks and the euro.
Timmins Gold swings to Q2 profit
Canadian miner Timmins Gold Corp (TMM.TO: Quote) swung to a second-quarter profit as it sold more gold at higher prices.
Quebecor's Q3 profit falls on higher costs
Quebecor Inc's (QBRa.TO: Quote) third-quarter profit fell 69 percent, hurt mainly by a charge related to its move toward a new accounting method and higher costs.
Analysis: Unions ground Air Canada's low-cost carrier plan
Months of labor conflict have stalled Air Canada's plans for a low-cost carrier, but Canada's biggest airline says it has not given up the idea.
GM profit beats Street; cuts Europe outlook
General Motors Co posted a stronger-than-expected quarterly profit as it gained market share in North American and Asian markets, but backed away from its full-year break-even target in Europe due to deteriorating conditions there.
Futures sink on growing euro zone worry
Stock index futures tumbled on Wednesday as a spike in Italian bond yields fueled fears the country will need a bailout, ratcheting up the region's debt crisis to another level.
State Dept eyes rerouting Keystone XL pipeline
The State Department is considering rerouting TransCanada Corp.'s proposed $7 billion Keystone XL pipeline to avoid ecologically sensitive areas of Nebraska, a U.S. official said on Tuesday.
Tencent reports 13.6 percent rise in Q3 net profit
Tencent Holdings Ltd, China's biggest Internet company by revenue, reported its slowest profit growth in four years, missing analysts' estimates on softer growth in its casual games and lower margins due to increased investments.
Paul Volcker says Volcker rule too complicated
The Volcker rule is too long and complicated and financial lobbyists are to blame, said the man who gave his name to the new regulation on bank trading.