JPMorgan tops fee pool, equity business takes hit
JPMorgan took a hit in its equity capital markets business in 2010 even though its dominance in debt markets allowed it to cling on to the global top spot for investment banking fees.
Analysis: Europe seen needing regulation on Internet access
Europe's confidence that it need not follow the United States in adopting rules to ensure fair Internet access may be short-lived, as competition between mobile operators and service providers like Skype intensifies.
Gold Bullion Flows to China Jump as New Year 2011 Draws Near
A senior bullion logistics executive in Switzerland yesterday told BullionVault that shipments of Gold Bullion to China are running much higher – and have begun much earlier – to meet consumer demand for the Chinese New Year, which will start on 3rd Feb. 2011.
Microsoft plans Windows for ARM chip design, tie up with Intel in limbo
Microsoft plans to unveil its plans over a new Windows operating system (OS), specifically crafted to optimize the ARM (Advanced RISC Machine) CPU architecture for smartphones and tablets, signifying its departure from a long standing relationship with x86 Intel chips.
US Senate to vote on START, Russia optimistic of ratification
The US Senate is due to vote on the new strategic arms reduction treaty between the country and its former cold-war rival Russia on Wednesday. The House on Tuesday voted to close out the debate 67 votes to 28, after the Democrats were joined by 11 Republicans.
US third quarter GDP revised up
The U.S. economy grew 2.6 percent in the third quarter, according to a third estimate by the U.S. Commerce Department, up from the 2.5 percent estimate given in November.
Monstrous Stars Can Form Anywhere, Even Bereft Of Clusters
Most massive stars in the universe can and do form essentially anywhere, including in near isolation and very small clusters, and they don't need a large stellar cluster nursery, a new study finds. The findings does not support the scenario that the maximum mass of a star in a cluster has to correlate with the size of the cluster.
India's Nasscom sees IT-BPO industry to touch $70 bln in current fiscal
National Association of Software and Service Companies (Nasscom) expects India’s IT-BPO industry to reach $70 billion mark by the end of the current fiscal following rise in demand for software technology products.
Apple tosses WikiLeaks app but Google keeps it
Apple Inc has joined a growing number of U.S. companies that have severed ties with WikiLeaks, removing an application from its online store that gave users access to the controversial website's content.
Pietersen and Siddle relishing Boxing Day test
England batsman Kevin Pietersen says his side will be ready for the fourth Ashes Test at Melbourne on Boxing Day, as Australia's Peter Siddle vows to continue with his sledging.
Priest pleads for Ground Zero health bill
The Rev. Stephen Petrovich, 58, of Huron, Ohio, is Metropolitan Archbishop Emeritus of his orthodox Ukrainian Church. He does not perform archbishop duties because he is dying, from the damage to his lungs from the air at Ground Zero in 2001. Petrovich spent nearly two weeks at Ground Zero giving last rites to human remains and counseling the living.
Teradata to buy cloud software firm Aprimo for $525 million
Enterprise data warehousing company Teradata Corp agreed to buy privately held Aprimo for $525 million to expand into cloud software services, as it gears to meet challenges from larger rivals IBM and Oracle.
Activision wants to add Electronic Arts to lawsuit
Activision Blizzard Inc _ wants to add archrival Electronic Arts Inc to a $400 million lawsuit related to its Call of Duty video game franchise.
We Thank Thee for job stability
25 percent of employed Americans are most grateful for the stability in their jobs
Players' union backs winter FIFA 2022 World Cup
FIFPro, the International Players' union, has supported calls to play the 2022 FIFA World Cup in Qatar during winter instead of summer.
Tech sector helps Nasdaq; Dow, S&P off on Ireland
The S&P 500 and Dow were slightly lower on Friday amid renewed concerns over euro zone debt, but strong results in the tech sector helped keep the Nasdaq in positive territory.
Financials put S&P on track for fifth day of gains
Stocks rose on Wednesday on strength in financials, putting the S&P 500 on the path for a fifth-straight session of gains and lifting it to levels not seen since before Lehman Brothers Holdings' bankruptcy.
Ivory Coast's Gbagbo softens stand, invites Opposition for dialogue
Cote d'Ivoire's disputed president, Laurent Gbagbo, has announced that he would be willing to engage with the rival faction of Alassane Ouattara. In a televised address, he announced that the international community had declared a war on the African nation. The incumbent president also called on the Opposition to leave Abidjan's Golf Hotel and return to their homes.
Sony to buy back chip plant from Toshiba: report
Sony Corp plans to buy back a Nagasaki semiconductor plant from Toshiba Corp for about 50 billion yen ($597.2 million) to double output capacity for image sensors used in smartphones and other devices, the Nikkei business daily reported.
Apple tosses out WikiLeaks application
Apple Inc joined a growing number of U.S. corporations that have cut ties with WikiLeaks, removing an application from its online store that gave users access to the controversial website's content and Twitter feed because it violated guidelines.
FCC's Net Neutrality Rules Draw Faint Praise, Fire
The Federal Communications Commission's decision to enforce net neutrality has already drawn fire from some in the telecommunications industry, and even supporters of the principle were not completely happy with the Commission's new rules.
Investors enter 2011 in bullish mood: Reuters poll
Investors are entering 2011 in a relatively bullish mood, raising equity holdings to a 10-month high, increasing exposure to high-yield credit and cutting back on government debt, Reuters polls showed on Wednesday.
Carlyle in talks to buy AlpInvest: source
Carlyle Group is in talks to buy AlpInvest Partners, one of the world's largest private equity investors with more than 40 billion euros ($52.4 billion) under management, a source familiar with the situation said on Wednesday.
Wall Street edges higher as financials gain
Stocks edged higher on Wednesday as gains in financial stocks helped put the S&P 500 on pace for a fifth-straight winning session and lifted the benchmark index to levels not seen since before Lehman Brothers went bankrupt.
After Iraq, Google in Pakistan to explore Internet growth
Internet connectivity in Pakistan is as low as 10 percent but opportunities for growth are evident, a team of Google and YouTube officials who visited the country early this month said in a blog post.
Collahuasi may struggle to find new export route
The quest by Chile's Collahuasi copper mine to find a new route to resume shipments in the wake of a port accident that forced it to suspend exports may be hobbled by environmental and logistical problems at the closest alternative facility.
India, Russia sign $30 bln deal to design and make fighter jets
India and Russia signed a deal worth $30 billion to design and make fifth generation fighter aircraft taking defense co-operation between the two nations to a new level.
Equal access a far cry in elite UK universities
Research by the Sutton Trust shows that private school students in the country are 55 times more likely to win a place at Oxford or Cambridge than students at state schools who qualify for Free School Meals.
Is South Korea's live-fire mega drill a futile exercise?
US diplomats in Washington once dubbed North's Korea's military drills as 'fish-killing' activities. Yet the South, backed by the Obama administration, has been continuously holding live-fire drills in the disputed zone of the Korean Peninsula. With a continual military activity, the coming months could only witness a deteriorating situation in the peninsula, unless both sides are pressured to engage in a dialogue.
Tennessee region gets its first Nissan Leaf
After a San Francisco Bay Area resident became the first in the United States to receive the delivery of all electric Leaf, Nissan Motors on Wednesday carried out its first Leaf delivery in the Tennessee region.