DSK: A hero once upon a time
Dominique Strauss-Kahn, the disgraced chief of IMF who resigned yesterday due to mounting international pressure, was looked upon as a great economist of all times. DSK, as he is popularly known, was all set to run for French Presidency next year in the banner of the Socialist Party.
French supporters think Straus-Kahn a victim of conspiracy
While the public sentiment is clearly against the IMF chief in the U.S., several polls showed that the French are on the side of the millionaire and in denial over the scandal.
How will Apple celebrate 10th anniversary of its retail stores today?
May 19 marks the 10th anniversary of Apple retail outlets and though a celebration is in the cards, what the company has planned is pretty much hush-hush.
Futures gain as investors eye jobs, housing data
U.S. stock index futures edged higher on Thursday, with investors bracing for data on the labor market and housing that could determine the direction of the market.
Uganda opposition leader under house arrest
Ugandan opposition leader Kizza Besigye is under house arrest, as a new parliamentary session is set to open.
Alcatel CEO confident on 2011 margin goal
Telecom gear maker Alcatel-Lucent is very confident of hitting a target to improve its operating margin this year and expects new products and cost cuts to support profitability beyond that.
Google fixing Android leak
Google is on its way to fix the vulnerability issue with Android phones that could have exposed users' personal data.
Toshiba to buy meter maker Landis+Gyr for $2.3 billion
Japanese electronics manufacturer Toshiba Corp said on Thursday it will buy unlisted Swiss-based meter maker Landis+Gyr in a deal valued at $2.3 billion, including debt, in a bid to move into the promising overseas smart grid market.
Vince Cable backs Chris Huhne over penalty points
Vince Cable, the Liberal Democrat Business Secretary has given his fellow MP Chris Huhne support as police investigate allegations that Huhne asked his ex-wife to accept penalty points on his behalf.
Takeda to buy Swiss drugmaker Nycomed for $13.6 billion
Takeda Pharmaceutical Co <4502.T>, Japan's largest drugmaker, is buying privately held Swiss rival Nycomed for $13.6 billion, giving it access to a newly approved lung-disease drug, which is expected to be a major source of revenue growth.
SABMiller beats forecasts with emerging boost
Strong growth in the emerging markets of Africa, Asia and Latin America helped brewing giant SABMiller beat forecasts with a 19 percent rise in annual earnings while Europe and North America proved tougher.
Google trying to fix Android's open Wi-Fi vulnerability
Google has announced that it is trying to fix a vulnerability exposed in Android phones by a group of researchers at a German university which allows hackers to get hold of a user's contact and calendar data over open Wi-Fi network.
Sears disappoints on weak sales in U.S., Canada
U.S. retailer Sears Holdings Corp reported a wider-than-expected quarterly loss as sales at its namesake stores plunged both at its home turf and in Canada.
Futures gain ahead of jobs, housing data
U.S. stock index futures rose on Thursday, supported by a rise in commodity prices, as investors braced for data on the labor market and housing.
Music locker wars: Apple's licensed service vs Google and Amazon's unlicensed
Apple has trumped Google and Amazon's unlicensed music locker offerings by availing a cloud-music licensing deal with EMI Music.
Stock index futures signal dip; data eyed
Stock index futures pointed to a slightly lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.05 percent, Dow Jones futures down 0.04 percent and Nasdaq 100 futures down 0.07 percent at 4:10 a.m. EDT.
Tunisia lifts overnight curfew
Tunisian authorities have lifted an overnight curfew imposed in the capital city of Tunis 10 days ago.
Instant View: Glencore pricing leaves room for rise on debut
Commodity trader Glencore has confirmed the price of its bumper $11 billion market debut at 530 pence a share.
Iraq is hit by triple bombings
At least 24 people were killed and 80 injured in the northern Iraqi city of Kirkuk in three different bombing incidents on Thursday.
Wayne Rooney Twitter Threat
Wayne Rooney challenged a Twitter user to a fight last night after the footballer had been abused on the social networking site.
Baidu, China sued in U.S. for Internet censorship
Eight New York residents sued Baidu Inc and the Chinese government on Wednesday, accusing China's biggest search engine of conspiring with its rulers to censor pro-democracy speech.
Takeda says to buy Swiss drugmaker Nycomed for $13.6 billion
Takeda Pharmaceutical Co <4502.T>, Japan's largest drugmaker, said on Thursday it would buy privately held Swiss rival Nycomed for 9.6 billion euros ($13.6 billion) as it seeks to expand in Europe and emerging markets.
Stark: ECB would reject Greek bonds after restructuring
Restructuring of sovereign debt in Greece would make it impossible for the European Central Bank to continue using its bonds as collateral in liquidity operations, Executive Board member Juergen Stark said.
Google, Apple not unassailable in smartphone race
Microsoft and some smaller software vendors still have a shot in the fast-changing smartphone race even though Google and Apple are pulling rapidly ahead, industry executives said.
World stocks above 4-week low; euro falls
World stocks ticked higher from this week's 4-week low on Thursday, underpinned by strong appetite for commodity trader Glencore's initial public offering, while the euro fell on concerns over Greek debt.
Inventories to cap phone market growth: Gartner
Rising inventories of unsold cellphones and slower demand growth in emerging countries will cap cellphone market growth in 2011, research firm Gartner said on Thursday.
Glencore lays ground for solid debut with IPO price
Commodity trader Glencore prepared the ground for a solid performance in its market debut, pricing its record-breaking offering of up to $11 billion in the middle of its initial range.
Journalist Fowler terms WikiLeaks founder Assange a professional
ABC journalist Andrew Fowler, fundraiser for the release of the Wikileaks vedio 2007 US military attacks on Baghdad where civilians and journalists were killed, said Wikileaks is a by-product of the high level of security placed on information in Western countries.
Muslim Brotherhood to create a new party
The Muslim Brotherhood (MB) of Egypt on Wednesday submitted the legal papers to the party affairs committee for approval of a new political party Freedom and Justice.
Tepco shareholders to be asked to help with crisis: Edano
Shareholders in Tokyo Electric Power Co <9501.T> will also be asked to help support the utility as it copes with compensating victims of its crippled nuclear plant in northern Japan, the government's top spokesman said on Thursday.
