Oil up more than $1 on European growth, dollar fall
Oil rose more than $1 on Friday, taking benchmark U.S. crude futures back above $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar.
Cisco braces for biggest layoffs in its history
Cisco Systems Inc is expected to cut thousands of jobs in possibly its worst-ever round of layoffs to meet Chief Executive John Chambers' goal of slashing costs by $1 billion.
Rise Of Internet Pharmacies May Be Cause Of Drug Abuse Increase
A new study says the rise of rogue online pharmacies directly corresponds to the rise of prescription drug abuse.
World's top banks face capital surcharge hit: report
The world's top banks will likely be hardest hit by new capital surcharges that would rise according to size, links to other lenders and how easily a bank could be replaced in a crisis, the Financial Times reported.
Stock futures edge up ahead of confidence, inflation data
U.S. stock index futures edged up on Friday ahead of key inflation and consumer confidence data that will give investors a chance to reassess recent volatility of the commodities market.
Manchester United - Harsh FA charge Ferguson with improper conduct
Manchester United manager Sir Alex Ferguson has been charged with improper conduct by the Football Association after comments made on referee Howard Webb before his side's 2-1 win over league-rivals Chelsea.
Full Letter Sony Sent To Publishers Regarding PSN Outage (TEXT)
Sony promises to do everything in its power to support its publishers.
Lloyd's of London sees $3.8 billion disaster hit
The Lloyd's of London insurance market will take a $3.8 billion hit from earthquakes and floods in the first quarter, and predicted the high level of catastrophe claims will lift insurance prices this year.
Manchester United linked with Jelavic summer move
Manchester United have been linked with a summer move for Nikica Jelavic after the Rangers striker claimed that United were preparing a £13 million bid.
PlayStation Network down but Sony records 13 pct increase in PS3 sales
NDP Group report states that Sony Computer Entertainment America recorded a 13 percent increase in hardware sales for the month of April.
IMF warns EU debt crisis may still spread to core
Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis may yet spread to core euro zone countries and emerging Eastern Europe, the International Monetary Fund said on Thursday.
U.S. bank failure costs to exceed estimates by $2 billion
U.S. bank failures in 2010 cost the Federal Deposit Insurance Corp $2 billion, or 9 percent, more than initially forecast, according to a new analysis by SNL Financial.
Stock index futures rise; Nordstrom in focus
Stock index futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500, Dow Jones and Nasdaq 100 all up 0.3 percent at 4 a.m. EST.
German, French growth soars, points to stronger euro GDP
Storming performances by the German and French economies in the first quarter highlight the yawning gap between the euro zone's strong and weak and suggest the forecast for growth in the bloc is well under par.
World stocks, euro rise after upbeat growth data
World stocks rose Friday and the euro rose from a six-week low against the dollar as upbeat German and French growth data and favorable European corporate earnings prompted investors to buy back risky assets.
Greece falling short of rescue terms: ECB's Nowotny
Greece seems not to have met terms of its international rescue package recently, European Central Bank Governing Council member Ewald Nowotny was quoted as saying on Friday.
Digia to cut 190 jobs due to Nokia restructuring
Finnish software firm Digia said it would cut up to 190 jobs due to restructuring at its major client Nokia.
Live celebration images of Trinamool Congress sweeping West Bengal (PHOTOS)
The Trinamool Congress is headed for a historic win after establishing leads in 215 of the 294 seats in West Bengal as per the latest reports.
BP CEO sees Rosneft share swap solution over time
BP chief executive Bob Dudley said on Friday talks were ongoing about its planned share swap with Russian group Rosneft and he was optimistic about a resolution.
Brazil to slap barriers on car imports
Brazil will apply non-tariff trade barriers on cars in an effort to protect domestic manufacturers, the government said on Thursday, in a new example of escalating protectionism in South America.
Telefonica Q1 falls short, weak Spain weighs
First quarter results at Spain's Telefonica were slightly below expectations on Friday hit by the weight of a heavy economic crisis in its home market while Latin American units continued to drive earnings.
Trinamool Congress sweeps West Bengal (Victory Phots)
The Trinamool Congress is headed for a historic win after establishing leads in 215 of the 294 seats in West Bengal as per the latest reports.
SEC eyes charges against mortgage bond players: report
Settlement agreements being hammered out by securities regulators and securities firms accused of fraud in mortgage bond deals are likely to include civil charges against at least one person connected to each deal, the Wall Street Journal said, citing people familiar with the matter.
Tepco scheme likely to hit investor demand for other power firms
A government scheme to support massive compensation payouts from Tokyo Electric Power will likely hit investor appetite for other power companies in Japan as these firms must contribute funds to the plan.
Joseph Gordon-Levitt’s unimaginative character in Hesher
Joseph Gordon-Levitt is the title character in Hesher: a mysteriously menacing fellow with a tapestry of tattoos, a permanent scowl. Comparing to the roles he presented before, it is really beyond your imagination.
Live update on West Bengal elections: Mamta Banerjee sweeps
As the counting for West Bengal assembly elections are underway, Trinamool Congress Party is headed for a landslide win and Kolkata is set to have a new Chief Minister in Mamta Banerjee.
Live update on Kerala elections show UDF leading
As the counting for Kerala assembly elections are underway, the Congress-led UDF is having a slight edge over the ruling LDF in the state after the first hour of counting of votes of the April 13 Assembly polls.
Console wars: Sony PlayStation Network outage helping Xbox 360 sales
Sony PlayStation Network (PSN) online gamers could not withstand three weeks of downtime and has decided to give Microsoft Xbox 360 a try.
Facebook admits hiring firm to highlight Google flaws
Facebook admitted on Thursday it had hired a public relations firm to highlight supposed flaws in Google Inc's privacy practices but denied it had intended a smear campaign against the search giant.
Nordstrom outlook a wrinkle in retail results
Nordstrom Inc forecast 2011 profit below analysts' view on charges related to its HauteLook acquisition, the first wrinkle in an otherwise smooth string of profit reports from department stores, which have been buoyed by consumers' willingness to spend.