Cisco reassures Wall St on post-revamp earnings
Networking giant Cisco Systems Inc slashed its long-term forecasts, acknowledging that it will find it harder to drive growth even after cutting thousands of jobs in a sweeping reorganization.
UN: Cocaine Usage On the Rise Globally, Stemming From Australia
A report released Tuesday by the United Nation's Office on Drugs and Crime (UNODC) showed that seizures of cocaine and amphetamine-type stimulants such as ecstasy and meth, have increased dramatically, with 592 kilograms confiscated in 2008-09 compared with 179.5 kilograms just six years prior to the federal findings.
Outlook and new BlackBerrys key in RIM results
The forecasts will be key for BlackBerry maker Research In Motion this quarter, as investors grope for hints that the company's long downturn is coming to an end.
Canada unlocks Libyan assets; SNC Lavalin on hold
Canada has obtained U.N. approval to unfreeze $2.2 billion in Libyan assets for humanitarian aid and reestablished its diplomatic mission in Tripoli on Tuesday, government officials said.
Fiat-Chrysler CEO: euro system could derail
The euro single-currency system could be derailed unless European leaders resolve the debt crisis, a situation that has already prompted Fiat SpA and its affiliate Chrysler Group LLC to examine the timing of vehicle introductions, Fiat's CEO said on Tuesday.
TCW, Gundlach court drama begins closing arguments
Trust Company of the West plotted to fire its star bond fund manager Jeffrey Gundlach before he and his inner circle ever began downloading information, Gundlach's lawyer told jurors.
Nasdaq OMX eyes more share buybacks: CEO
Nasdaq OMX Group Inc will reach a targeted 2.5-times leverage ratio earlier than expected and at the end of the third quarter will set a capital plan likely to include share buybacks, its chief executive said.
Microsoft giveaway aims to stir Windows 8 interest
Microsoft Corp handed out 5,000 sleek Samsung tablet computers running a test version of Windows 8 at its annual developer conference on Tuesday, hoping to stoke excitement over its new operating system.
Cisco's CEO: clients still spending in shaky economy
Cisco Systems Inc Chief Executive John Chambers remains upbeat about technology spending by customers in an uncertain economy and pledged on Tuesday to drive growth in emerging markets.
CVC and Sawiris eye Orange Switzerland bids: sources
Private equity group CVC is considering a bid for Orange Switzerland despite resistance from seller France Telecom to let it into the auction for Switzerland's third largest mobile phone company, four people familiar with the situation said.
Exclusive: CVC eyes Orange Switzerland bid
Private equity group CVC is considering a bid for Orange Switzerland despite resistance from seller France Telecom to let it into the auction for Switzerland's third-largest mobile phone company, four people familiar with the situation said.
Wall Street inches higher; tech leads gainers
Stocks edged higher on Tuesday as investors bought shares beaten down in recent weeks despite uncertainties about euro zone sovereign debt and the economy.
Greenspan urges tax reform in debt cut effort
Former Federal Reserve Chairman Alan Greenspan called for tax reform to be part of an urgent effort to put the U.S. economy back on track.
Tullow's key Uganda deal in final stages: minister
London-based explorer Tullow Oil's long-running deal to bring France's Total and China's CNOOC into a $10 billion oil project in Uganda is near its conclusion, the east African country's energy minister said.
S.Africa's Aspen earmarks $800 mln for M&A
South Africa's Aspen Pharmacare could spend some $800 million on acquisitions, its deputy CEO said, as Africa's biggest generic drugs maker looks for further targets, particularly in Latin America.
'Green-Glowing' Cats May Help to Fight Against HIV/AIDS
Cats genetically modified to glow in the dark may give vital clues to the treatment of the AIDS virus, U.S. scientists have found.
Kleenex hopes cooling tissue will heat up sales
Kleenex is hoping that consumers will pay significantly more per tissue to soothe their noses with coconut oil, aloe extract and ingredients often used in anti-aging creams.
Carmakers flaunt luxury in era of austerity
Crisis? What crisis?There may be turbulence in the euro zone, a downgrade in the U.S. credit rating, tumbling stock prices and fears about climate change making consumers clamor for low emission vehicles, but at the Frankfurt car show it's the high priced, high-powered, high emission vehicles that are drawing the crowds.
Dell cautiously optimistic on Europe and Asia
Dell Inc, the world's second-largest computer maker, is cautiously optimistic that its strong performance in Europe and Asia will continue, but is concerned about U.S. government spending, an executive said.
African farmers urged to plant to soak up C02
African farm yields may fall as much as 20 percent in the next four decades because of climate change, placing a huge burden on a continent whose population is set to double by 2050 to two billion people, a conference heard on Tuesday.
Car industry urges bold action over euro debt
Car industry executives from around the globe urged Europe's politicians to take bolder steps to solve the bloc's two-year-old debt crisis, warning its single currency could be derailed without more decisive action.
Cisco's CEO says customers still spending
Cisco Systems Inc CEO John Chambers said he remained upbeat about technology spending by customers on Tuesday despite an uncertain economic outlook.
Tyler Perry: the Entertainment Industry’s Top Dog
The star of numerous movies, TV shows and plays is the top dog of the entertainment industry according to Forbes.
Best Buy suffers as tech shoppers turn thrifty
Best Buy Co reported weaker-than-expected quarterly results and cut its profit outlook for the year as shoppers held off on buying televisions and other nonessential items in the anemic U.S. economy.
Venture capital veteran Perkins sees danger ahead
Tom Perkins, co-founder of Kleiner Perkins and the backer of companies ranging from Genentech to Google, believes much of the venture-capital industry has set itself up for failure.
Wall St seeks direction, industrials higher
Stocks were little changed in a volatile session on Tuesday as investors struggled to determine whether equities were fairly priced, given persisting uncertainties in Europe.
Insight: Succession questions swirl around Cisco's Chambers
When John Chambers takes to the stage on Tuesday, many will be wondering if it is the last time the chief executive leads Cisco Systems Inc's annual financial analyst conference.
Northern Trust: No extra fees on cash deposits
A top executive with Northern Trust Corp said the custodian bank will not impose an additional fee on institutional clients who significantly increase their cash holdings.
Wall St seeks direction; industrials higher
Stocks were little changed in a volatile session on Tuesday as investors struggled to determine whether equities were fairly priced, given persisting uncertainties in Europe.
Geithner to urge bigger EFSF, rapid action: source
Treasury Secretary Timothy Geithner is likely to urge euro zone finance ministers on Friday to speed up ratification of changes to their bailout fund and consider boosting its size, an EU source said on Tuesday.