SEC probes MF Global's statements on European bets: report
The Securities and Exchange Commission has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion bets that sank the company, the Wall Street Journal said, citing people familiar with the matter.
Stocks, commodities fall as Greece spooks investors
Asian shares, the euro, commodities and the Australian dollar all fell on Thursday as fears that Europe's debt crisis could unleash financial chaos prompted investors to shed riskier assets in favor of the relative safety of the dollar.
BNP Q3 Profits Slump on 2 Billion Euro Greek Charge
France's biggest listed bank BNP Paribas reported a 71.6 percent slide in third-quarter earnings on Thursday after it booked a bigger-than-expected 2 billion-euro ($2.76 billion) charge on Greek debt and sold billions of euros' worth of eurozone government bonds.
Amazon Launches Digital Book Library Service
Online retailer Amazon.com said Kindle owners with an Amazon Prime membership will now get access to the company's new digital book library service.
Amazon.com launches digital book library service
Online retailer Amazon.com said Kindle owners with an Amazon Prime membership will now get access to the company's new digital book library service.
Analysis: Premium Chinese beer a bitter brew for foreign brands
Chinese brewers are making an aggressive push into premium beer, lured by high margins and huge growth potential, posing a tough challenge to the foreign companies that dominate the category in the world's largest beer market.
SEC Probes MF Global's Statements on European Bets: Report
The Securities and Exchange Commission has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion bets that sank the company, the Wall Street Journal said, citing people familiar with the matter.
Cable TV ups profits at big media companies
Comcast Corp, News Corp and Time Warner Inc reported stronger quarterly results on Wednesday, confirming it pays to have a solid lineup of cable networks -- at least while advertisers keep spending.
Yahoo eyes minority stake sale, recap: sources
Yahoo Inc is contemplating the sale of a minority stake to a private equity firm followed by a large share repurchase, in a bid to buy time to turn around the Internet company, people familiar with the matter said.
France, Germany give Greece ultimatum on euro
The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone.
LG Electronics Shares Tumble on talk of $891 Million Rights Offer
Shares in LG Electronics plunged early Thursday amid market talk the world's No.3 handset maker was planning a rights offer worth some 1 trillion won ($891.4 million).
Exclusive: Groupon IPO may price above range
Groupon Inc is poised to price its initial public offering $1 to $2 above its current range, responding to stronger-than-anticipated demand for the biggest U.S. IPO in months, three buyside sources said on Wednesday.
MF Global may have moved funds in final days
In its final days before descending into bankruptcy, Jon Corzine's MF Global Holdings may have transferred customer funds to avoid detection by authorities, a regulator of the firm said on Wednesday.
Lady Gaga Mucks up Cover of Visionaire, 7-Foot-Tall Magazine
At 7 feet tall, the deluxe edition of Visionaire’s “Larger Than Life” issue featuring Lady Gaga as a mermaid squirming in oil might literally be the biggest magazine of all time.
Android phone repair cost telcos billions: study
Fitting older versions of Google's Inc popular Android software to cheaper cellphones could send the repair costs of global telecoms operators up as much as $2 billion, a study by wireless services firm WDS showed.
Telefonica to Slash Handset Range in Cost Drive
Mobile operator Telefonica is to slash its range of handsets as part of its efficiency drive, freeing it up to develop new products and services within its digital division.
RealD shares slump as Samsung exits 3D TV deal
RealD Inc's shares fell as much as 14 percent in extended trade after the licensor of 3D technologies said Samsung Electronics pulled out of an agreement to make television panels featuring the company's technology.
MEMC cuts profit view, shares slide 10 percent
Silicon wafer maker MEMC Electronic Materials Inc on Wednesday reported a quarterly net loss and lowered its earnings outlook for the year due to a dramatic drop in prices on solar products and soft semiconductor demand.
Long Rambus deliberations keep onlookers guessing
When the bailiff knocked on the door of a California Superior Court jury room Tuesday, onlookers reached for their laptops.
Fusion-io Q1 beats street, shares up
Fusion-io Inc's quarterly results beat estimates helped by growth across its core business and the storage hardware and software maker raised its full-year revenue outlook, sending its shares up as much as 19 percent.
Spansion to cut 20 percent workforce, take related charge
Flash memory provider Spansion Inc said it would cut about a fifth of its workforce and expects to take a related charge of about $30-$56 million, sending its shares down 2.5 percent after the bell.
Sierra Wireless results stung by lost business
Sales at mobile modem maker Sierra Wireless were hurt in the third quarter by a loss of business from Barnes & Noble's e-book readers and from cellular service provider Clearwire, Sierra said on Wednesday.
Raymond James adds social network tools for advisers
Raymond James Financial Inc. has joined a growing number of firms that are allowing financial advisers to communicate with clients through social networking sites.
THQ Q2 beats Street, sees big holiday quarter
Video game maker THQ Inc reported better-than-expected quarterly results and forecast a profitable holiday quarter, sending its shares higher in afterhours trading.
Judge allows Sprint suit against AT&T/T-Mobile deal
A judge on Wednesday ruled that Sprint and C Spire Wireless can pursue part of their antitrust lawsuit against AT&T Inc's proposed $39 billion acquisition of T-Mobile USA.
Yahoo unveils tablet, smartphone apps
Yahoo Inc unveiled a handful of products to try and bolster its mobile and social networking offerings, as the struggling Web company continues to evaluate its future.
THQ beats Street, sees big holiday quarter
Video game maker THQ Inc reported better-than-expected quarterly results and forecast a strong holiday quarter, sending its shares up more than 12 percent in after-hours trading.
Workers evacuated after ammonia leak at California nuclear plant
Workers were evacuated from a unit at the San Onofre nuclear power plant in California on Tuesday after an ammonia leak, but the incident posed no threat to the public, officials said.
Qualcomm upbeat for 2012 on mobile devices
Chipmaker Qualcomm Inc forecast double-digit sales growth this fiscal year, banking on continued strong demand for smartphones and mobile devices as its quarterly results beat Wall Street estimates.
Cain Blames Perry Campaign for Leaking Harassment Claims; Perry Campaign Blames Romney
Former CEO Herman Cain is now saying that the campaign of one of his primary opponents, Texas Gov. Rick Perry, is responsible for leaking the old sexual harassment allegations that were the subject of an explosive Politico article on Sunday.