IBT Staff Reporter

Dutch consumer electronics giant Philips Electronics on Monday said it would divest its struggling television business as first-quarter net profit came in below expectations.

Apr 18, 2011

South Korea's LG Display, the world's No.2 LCD flat screen maker, posted its second consecutive quarterly loss on Monday, hit by tumbling panel prices and fragile demand from television and computer makers.

Apr 18, 2011

The euro fell on Monday and stocks were weaker as the rise of a euro-skeptic party in Finland added another potential hurdle to solving the euro zone's debt problems.

Apr 18, 2011

Robert Pattinson hit the red carpet with Reese Witherspoon at the Ziegfeld Theatre, New York City for premiere of 'Water for Elephants.' Start slideshow to see Pattinson's various red carpet faces:

Apr 18, 2011

In the inbox of Petr Zavodsky, director of nuclear power plant construction at Czech power group CEZ are three sets of proposals from American, French and Russian consortiums, all angling for a $30 billion contract to build five new reactors.

Apr 18, 2011

The global car sharing company Hertz Corporation is expanding its London fleet with electric vehicles (EV) for members to drive in and around the capital.

Apr 18, 2011

Toyota Motor Corp will resume production at all domestic plants on Monday in the aftermath of the catastrophic March 11 earthquake, the carmaker said in a statement.

Apr 18, 2011

Nissan Motors will launch a repair service and will fix more than 5,000 of its all-electric Nissan Leaf cars in response to the vehicle's start-up problems.

Apr 18, 2011

Troubled Tokyo Electric Power Co. <9501.T> said on Monday it is mulling the sale of stock holdings and real estate, but said it has not decided whether to offload its shares in Japan's No. 2 mobile phone network KDDI Corp <9433.T>

Apr 17, 2011

There will be a little less money to go around in China starting later this week. China's government is worried about rising prices and is tightening its grip on the country's cash. In the latest step, the country's banking authorities have told banks that they must raise the amount they set aside in their reserves another half a percentage point, effectively reducing lending.

Apr 17, 2011

Aeroflot is studying the possibility of ordering Airbus' revamped and more efficient airliner, the A320neo, the Russian flagship airline's chief executive said in an interview.

Apr 17, 2011

Toys 'R Us will be selling the iPad 2 in 31 states and Puerto Rico starting on Sunday, in a limited roll-out to only some of its stores.

Apr 17, 2011

The U.S. government would risk damaging its credit worthiness if it doesn't agree to raise the national debt ceiling past $14.3 trillion in the next few months, U.S. Treasury Secretary Timothy Geithner said on Sunday.

Apr 17, 2011

Research In Motion may attempt to top Google Inc's $900 million bid for Nortel Networks Corp.'s wireless technology patents, according to a Bloomberg report citing two people familiar with the plans.

Apr 17, 2011

The U.S. economy appears to be running dangerously close to stall speed, and the rest of the world may not have enough oomph to compensate.

Apr 17, 2011

China's yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund's currency basket, the deputy governor of China's central bank said on Sunday.

Apr 17, 2011

Samsung Electronics Co may be looking to sell its hard-disk-drive business for $1.5 billion, the Wall Street Journal reported on Sunday.

Apr 17, 2011

Amgen Inc , whose cash balance has soared even as its core anemia drug franchise erodes, will outline its strategy -- and likely announce its first dividend -- at a meeting on Thursday with Wall Street.

Apr 17, 2011

International Monetary Fund member countries sought to bridge sharp differences over the global economy, acknowledging that rising inflation in emerging markets poses a risk to rich countries too.

Apr 17, 2011

Earnings could make for a bumpy ride in stocks this week if more key companies undershoot expectations, possibly causing a spike in volatility.

Apr 17, 2011

It took fewer than 400 words for freshman Google Inc CEO Larry Page to set the tone for a strained relationship with Wall Street that could haunt him for years.

Apr 17, 2011

Bertie County in North Carolina on Sunday was hardest hit area in the wake of Saturday's deadly storms across the Southeastern U.S. with authorities continuing to assess the damage after a report of 14 deaths.

Apr 17, 2011

It's a crucial game for both sides as Arsenal host Liverpool in the English Premier League on Sunday.

Apr 17, 2011

China raised banks' required reserves on Sunday for the fourth time this year, extending the fight against excessive liquidity and stubbornly high inflation in the world's second-largest economy.

Apr 17, 2011

Pope Benedict led Roman Catholics into Holy Week celebrations, telling a Palm Sunday crowd that man will pay the price for his pride if he believes technology can give him the powers of God.

Apr 17, 2011

An Iranian military commander has accused German engineering company Siemens of helping the United States and Israel launch a cyber attack on its nuclear facilities, Kayhan daily reported on Sunday.

Apr 17, 2011

Pope Benedict led Roman Catholics into Holy Week celebrations, telling a Palm Sunday crowd that man will pay the price for his pride if he believes technology can give him the powers of God.

Apr 17, 2011

They're a special breed, likened to robots or followers of a religious sect, such is their unflinching dedication.

Apr 17, 2011

Manchester City had a personal triumph as they ended Manchester United's hopes of a treble after a 1-0 win at the Wembley aided by Yaya Toure's goal and Paul Scholes' sending off.

Apr 17, 2011