Fannie, Freddie seek to cut dividend on government stake: report
Mortgage companies Fannie Mae and Freddie Mac have been lobbying the Treasury to accept a lower dividend on the preferred stock issued during the government bail out, the Financial Times said, citing people familiar with the situation.
Nintendo's 9-month profit tumbles, keeps outlook
Nintendo Co Ltd reported a 46.5 percent fall in nine-month profit, as sales of its aging DS handheld device tumbled ahead of the launch of a new, 3D-capable model.
Canon sees 2011 profit up 21 percent on sales jump
Japanese camera and copier giant Canon Inc on Thursday forecast a 21 percent rise in operating profit for 2011, roughly in line with market expectations, helped by higher camera sales and cost cuts.
Two ex-Galleon men plead guilty; Rajaratnam named
Two former Galleon Group portfolio managers admitted to charges of insider trading on confidential company information, strengthening the government's case against Galleon hedge fund founder Raj Rajaratnam a month before his trial
3i's investments jump in Q3
British private equity firm 3i said it made "some high quality" new investments and had significant realisations from the portfolio at good uplifts in the third quarter. 3i said it invested 183 million pounds ($291 million) during the quarter, up from 59 million pounds in the same period of last year.
Will Ferrell heads to ‘The Office’
He has agreed to be a part of the final season
Sony unveils PSP2 as Next Generation Portable
Sony unveiled the successor to the Playstation Portable or the Playstation Portable 2 (PSP2), codenamed the Next Generation Portable (NGP) at the PlayStation Meeting in Tokyo.
BSkyB reports double-digit profit, revenue growth for H1
Pay-TV firm British Sky Broadcasting (BSkyB) reported record product sales and strong double-digit growth in profit and revenue for the first half. The company, which lifted its interim dividend by 11 percent to 8.74 pence, said the business has achieved milestone of 10 million customers and total net product growth was 2.193 million.
Belmont University adds “sexual orientation” in non-discrimination policy
University makes explicit inclusion of sexual orientation in policy but fails to clarify if this will fully translate into practice
Padma Lakshmi involved in a custody battle with Dell
Adam Dell is seeking a greater role in his daughter’s life
Sony launches PlayStation Suite to capture smartphones
Sony on Thursday announced the launch of PlayStation Suite to expand PS Platform to smartphones and other devices at the PlayStation Meeting in Tokyo.
Goldman Sachs downgrades Hero Honda, M&M
Goldman Sachs on Thursday downgraded motorcycle maker Hero Honda and utility vehicles maker Mahindra & Mahindra to sell, from neutral and buy ratings respectively.
Sony unveils NGP handheld; takes on DS, smartphones
Sony Corp launched a new handheld gaming device, the first to feature 3G wireless connectivity, as it battles with Nintendo's best-selling DS and tries to fend off rising competition from smartphones and tablets.
BSE Sensex drops; M&M, Sterlite fall
The BSE Sensex erased early gains and was trading down 0.4 percent on Thursday, as the near-term outlook for foreign funds' interest was far from promising due to better prospects elsewhere.
Nintendo Q3 profit down 46 percent, keeps outlook
Nintendo Co Ltd reported a 46 percent fall in quarterly profit, as sales of its aging DS handheld device tumbled ahead of the launch of a new, 3D-capable model next month.
Sony unveils NGP handheld to take on DS, smartphones
Sony Corp showcased a new handheld gaming device, the first to feature 3G wireless connectivity, as it battles with Nintendo's best-selling DS and tries to fend off rising competition from smartphones and tablets.
Fannie and Freddie seek to cut dividend on government stake: FT
Mortgage companies Fannie Mae and Freddie Mac have been lobbying the Treasury to accept a lower dividend on the preferred stock issued during the government bail out, the Financial Times said, citing people familiar with the situation.
Microsoft set to report lower profit on stale PC growth
Microsoft Corp is set to report a dip in earnings on Thursday, a year after the launch of its Windows 7 operating system blew away Wall Street estimates, as sales of personal computers lag expectations and Apple Inc's iPad eats away at the fringes of its core market.
PlayStation Meet kick starts; anticipation on Sony PSP2 high
PlayStation Meet 2011 kick starts in Tokyo, Japan even as the anticipation on the Sony PlayStation Portable 2 or PSP2 runs high.
Toyota to recall 1.7 mln vehicles worldwide
Japanese auto-maker Toyota Motor Corp said it will recall as many as 1.7 million vehicles worldwide over concerns about a possible fuel leakage problem.
Ranbaxy says CFO quits
Ranbaxy Laboratories Ltd, India's top drugmaker, said on Thursday its chief financial officer had resigned, the third top official to quit after Japan's Daiichi Sankyo took majority control.
ProLogis confirms merger talks with AMB Property
U.S. owner of warehouses and distribution centers ProLogis said late on Wednesday it is in merger talks with rival AMB Property Corp .
Dollar struggles while Asian stocks hit 1-week highs
The U.S. dollar held near 2-1/2 month lows on Thursday, while commodity prices and Asian stocks rose after U.S. Federal Reserve policymakers voted unanimously to maintain a $600 billion bond-buying plan to fuel an economic recovery.
Motorola smartphones disappoint, iPhone already weighs
Motorola Mobility Holdings Inc is already feeling pressure from the next Apple Inc iPhone and forecast a steeper than usual drop in sales this quarter as a result, sending its shares down 6.8 percent.
Netflix profit jumps as it adds customers; shares up
Netflix Inc. reported blockbuster profit and signed up another 3 million subscribers in the fourth quarter, making clear why the movie rental company worries competitors and delights investors.
Stocks, oil shrug off Fed, rise on Obama speech
World stocks and crude oil gained on Wednesday, shrugging off a lukewarm outlook from the Federal Reserve, as investors latched onto the growth prospects of U.S. President Barack Obama's pledge to trim spending.
Japan exports accelerate, slowdown may be over
Japan's annual export growth picked up more strongly than expected in December as shipments to China jumped to a record high and auto demand in the United States recovered, reinforcing views that the economy will soon emerge from a lull.
EU price cuts and U.S. reform weigh on Big Pharma
Europe's drive to cut drug prices as well as U.S. healthcare reforms are likely to dampen global pharmaceutical companies' growth outlooks for 2011.
Sarah Michelle Gellar to star in new CBS show 'Ringer'
Actress Sarah Michelle Gellar, mostly known for her role in 'Buffy theVampire Slayer,' is set to star in upcoming CBS show called 'Ringer' which has been given the green light by CBS.
Linkedin most popular social media platform among recruiters, says Vault Survey
74% of recruiters view it as an important tool for sourcing candidates.