More From IBT Staff Reporter
Mizuho's sequential quarterly profit dip shows outlook toughens
Mizuho Financial Group's profit shrank in October-December to less than half the preceding quarter's figure on smaller bond trading gains, underscoring the bleak outlook for growth at Japanese banks due to slack loan demand.
Jan 31, 2011
T-Mobile Unveils Streak 7 Price and Release Date
The company releases launch specs on its first 4G tablet.
Jan 31, 2011
Can Nook Color in its tablet avatar beat Dell Streak 7 and Samsung Galaxy Tab?
Barnes & Noble's attempt to beat Amazon's Kindle resulted in Nook Color, the Rolls Royce of eReaders on which recently a developer ported the tablet specific Android 3.0 or Honeycomb.
Jan 31, 2011
WikiLeaks' Julian Assange for Nobel Peace Prize?
Quoting observers of the Nobel Prize, an international news agency has reported that WikiLeaks founder Julian Assange may be one among the nominations this year.
Jan 31, 2011
Affluent women worry about outliving money
Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.
Jan 31, 2011
Gold eases as Egypt rally loses steam
Gold eased on Monday after posting its largest daily gain in eight weeks on Friday and while the market did encounter some safe-haven buying on the back of the unrest in Egypt, this was expected to be temporary.
Jan 31, 2011
Stock index futures mixed; Egypt in focus
Stock index futures were mixed on Monday, with investors in a cautious mood due to the Egyptian political upheaval. Investors are worried about the possibility the unrest could spread to other Arab nations, which could drive up oil prices and potentially dampen growth prospects.
Jan 31, 2011
Canadian singer becomes first Beatles graduate from Liverpool
A 53-year old Canadian singer has become the first student to graduate with a unique Masters degree in The Beatles from Liverpool Hope University.
Jan 31, 2011
Support grows for lengthening Greek debt payback
Support is gaining ground in the euro zone for giving Greece more time to pay back its EU bailout to avoid default and ease the worst-indebted EU state's debt burden, although details still have to be pinned down.
Jan 31, 2011
AAR dividend move fuels row over BP's Rosneft deal
BP's Russian partners in its joint venture with TNK tightened the screws on the British company to scrap or modify a rival tie-up with state oil group Rosneft by voting against a $1.8 billion dividend payout.
Jan 31, 2011
India approves long-delayed $12 billion POSCO steel mill
India's environment ministry approved on Monday South Korean POSCO's plans for a $12 billion steel mill, a boost for the foreign investment climate in Asia's third-largest economy after several setbacks for big ticket industrial projects.
Jan 31, 2011
Honda eyes bigger full-year profit as Q3 tops forecast
Honda Motor Co is on track for its strongest earnings in three years after raising its outlook above market expectations thanks to a recovery in the United States, where improving profitability is countering a strong yen and sliding Japanese sales.
Jan 31, 2011
BNP, SocGen stocks plummet as French banks show highest exposure to Egypt
European banks' total exposure to turmoil-ridden Egypt stands at around $40.3 billion, with banks in France and the United Kingdom being at greatest risk.
Jan 31, 2011
'The King's Speech' emerges mighty at SAG awards
Sweeping two major honors at the Screen Actor's Guild (SAG) awards, The King's Speech is quickly emerging as a force to reckon with for The Social Network and other best movie contenders at the Oscars.
Jan 31, 2011
White iPhone 4 delays due to camera problems, confirms Apple co-founder Wozniak
Apple co-founder Steve Wozniak has confirmed the speculations that the repeated delays of the white version of the iPhone 4 was indeed due to light leakage problems in connection with the phone's camera.
Jan 31, 2011
Toshiba Q3 profit surges on smartphone boom, cost cuts
Japan's Toshiba Corp more than doubled its quarterly operating profit on booming sales of NAND flash memory chips and robust demand for LCD panels used in smartphones and tablets.
Jan 31, 2011
Dunhill launches biometric wallet at $825
For pick pockets here's a dare, London's luxury goods firm Dunhill has launched a virtually indestructible biometric wallet, that no one can steal and if by chance they steal, they can't open.
Jan 31, 2011
India approves $12 billion POSCO steel mill
India's environment ministry approved on Monday South Korean POSCO's plans for a $12 billion steel mill, a boost for the foreign investment climate after several setbacks for big ticket industrial projects.
Jan 31, 2011
Evaluating Netflix-Facebook integration
Netflix is set for integration with social networking site.
Jan 31, 2011
Mizuho Q3 profit slows on smaller bond gains
Mizuho Financial Group's October-December profit shrunk to less than half the previous quarter on smaller bond trading gains, underscoring the bleak outlook for growth at Japanese banks due to slack loan demand.
Jan 31, 2011
Barai Capital hedge fund under U.S. government scanner: report
The founder of U.S. hedge fund firm Barai Capital Management has been drawn into the government's insider trading probe that involves expert network firms, the Wall Street Journal said, citing people familiar with the matter.
Jan 31, 2011
Elpida to buy all DRAMs made by Taiwan's Powerchip
Japanese PC memory maker Elpida Memory <6665.T> will buy all the DRAM chips made by Taiwan's Powerchip <5346.TWO> as it looks for alliances to bolster its competitiveness in a market torn by oversupply and depressed prices.
Jan 31, 2011
Universities in Iran ranked under new rating system for Islamic Universities
The Iran-based Islamic World Science Citation Center has launched a new classification system for Islamic universities, which in its first phase has been used to rank institutions in Iran.
Jan 31, 2011
Egypt unrest pushes shares lower
Global shares continued to slide on Monday, while Europe's benchmark Brent crude was just short of $100 a barrel on fears political unrest in Egypt could spread among regional oil-producing nations.
Jan 31, 2011
Mizuho Q3 doubles on lower credit costs
Mizuho Financial Group's net profit doubled in the October-December quarter, helped by lower credit costs, and it kept its full-year profit outlook unchanged.
Jan 31, 2011
Honda eyes bigger full-yr profit as Q3 tops forecast
Honda Motor Co raised its annual profit outlook above market expectations as a recovery in the key U.S. market helps counter the strong yen and sliding Japanese sales, which weighed on third-quarter earnings.
Jan 31, 2011
Toshiba Q3 profit jumps, maintains outlook
Toshiba Corp posted 37.46 billion yen ($456.3 million) in operating profit for October-December, compared with 14.49 billion yen in the same period the previous year, on healthy sales of NAND flash memory used in smartphones and tablet computers.
Jan 31, 2011
Toshiba Q3 profit more than doubles on smartphone
Japan's Toshiba Corp's quarterly profit more than doubled, driven by a boom in sales of NAND flash memory chips and liquid-crystal displays used in tablets and smartphones but it stuck with its full-year outlook.
Jan 31, 2011
Mizuho 9-month profit triples, keeps full-year forecast
Mizuho Financial Group said on Monday its net profit more than tripled in the nine months ended in December, buoyed by hefty bond trading gains in the first half, and kept its full-year profit outlook unchanged.
Jan 31, 2011
Honda Q3 tumbles but outlook lifted above consensus
Honda Motor Co <7267.T> raised its cautious annual outlook beyond market expectations as a recovery in the key U.S. market helps counter the strong yen and sliding Japanese sales, which dragged its third-quarter profits down 29 percent.
Jan 31, 2011
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