IBT Staff Reporter

56221-56250 (out of 154942)

Quanta says Taiwan staff down as client orders fall

Quanta Computer Inc, the world's largest PC contract maker, said on Wednesday that employees at its Taiwan production line number less than 2,000, down from about 3,000 in the first half, following a decline in client orders.

New Bird Flu Outbreak Reported in India

Authorities in eastern India will start culling chickens and destroying eggs to contain a new outbreak of H5 bird flu, the government said in a statement on Tuesday, as a mutant strain of the virus is spreading elsewhere in Asia.

Voltas in Talks to Buy Wipro's Water Business - Report

Electro-mechanical projects firm Voltas Ltd is in advanced talks to buy the water purification and treatment business of India's No.3 software services exporter, Wipro Ltd, The Times of India said, citing unnamed sources close to the development.

Stocks edge up ahead of Fed, euro recovers

Asian stocks edged up and the euro clawed back lost ground as investors waited for the end later on Wednesday of a Federal Reserve policy meeting expected to announce further steps to stimulate the flagging U.S. economic recovery.

Gold to Clear $2,000 in 2012 as Rally Cools: Poll

Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.

Fed Looks Set to Ease Policy as U.S. Outlook Dims

The Federal Reserve on Wednesday looks set to launch a fresh effort to invigorate the faltering U.S. recovery, embarking on what could be the first in a series of incremental steps to foster stronger growth.

Japan exports disappoint, could weaken further

Japan's exports rose in the year to August at less than half the pace expected as a global economic slowdown, a strong currency and Europe's sovereign debt crisis put Japan's own recovery increasingly in doubt.

Stocks steady ahead of Fed, euro recovers

Asian stocks drifted slightly lower and the euro clawed back lost ground as investors waited for the end later on Wednesday of a Federal Reserve policy meeting expected to announce further steps to stimulate the flagging U.S. economic recovery.

U.S. concerned at hacking of Japan arms firms

The U.S. government is concerned about cyber attacks on Japanese defense contractors including Mitsubishi Heavy Industries, which builds F-15 fighter jets, Patriot missiles and other U.S. designed weapons for Japan's military, urging such attacks be taken seriously, the U.S. embassy in Tokyo said.

U.S. probes 8 offshore banks for aiding tax evasion

Eight offshore banks are the subject of United States federal grand jury investigations examining whether they helped Americans evade taxes, a sign that authorities may be ready to issue subpoenas to those banks as part of a crackdown on offshore tax cheating.

BofA dismisses 13 investment bankers: report

Bank of America Corp dismissed 13 investment bankers in its industrials group and may cut more, Bloomberg reported on Tuesday, citing two people with direct knowledge of the actions.

Glam Media to acquire social platform Ning

Glam Media, a collection of highly curated blogs mainly centered around fashion, beauty and health, is acquiring Ning, the social media platform co-founded by Marc Andreessen.

Exclusive: United Tech, Goodrich near deal: sources

United Technologies Corp is negotiating final terms of an all-cash acquisition of aircraft components maker Goodrich Corp with the goal of reaching a deal in the next few days, people familiar with the matter said on Tuesday.

Microsoft boosts dividend 25 percent

Microsoft Corp announced a 25 percent increase in its quarterly dividend on Tuesday to 20 cents per share, as the technology giant hands more cash back to shareholders frustrated with its stagnant share price.

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