Fed vs Obama: rates up on tax deal
What the Federal Reserve giveth, Obama taketh away.
At least 22 feared dead after Korean ship hits iceberg in Antarctica
At least 22 fishermen are feared to be killed after a South Korean trawler sank suddenly in the waters off Antarctica on Monday. Reports suggest that the incident took place after the ship, No. 1 InSung, collided with an iceberg. The ship sank even before it could send a SOS message, approximately 30 minutes into the accident, and officials state that the men onboard had no chance of getting into their protective gear.
Sri Lanka bans 'Tamil version' of national anthem
The Sri Lankan government has decided to get rid of the Tamil version of its national anthem, local media reports say. The country anthem will only be sung in the majority Sinhala language at all Government events, while the Tamil version will not be played. In a move that could anger the Tamilians worldwide, President Mahinda Rajapaksa's cabinet has reportedly approved the decree last week. Tamil leaders have threatened to boycott the anthem all together.
Amazon 'not attacked' by hackers, outage due to hardware error
The outage suffered by Amazon.com's European websites was due to a hardware failure but not due to hacking attacks, according to the company. The websites Amazon.co.uk, amazon.de, amazon.fr and amazon.es were down for almost half an hour late on Sunday night. Hackers have not made any claims of the attack so far.
California's estate tax laws to spur budget deficits: Moody's
The new federal estate taxes proposed for the State of California will result in a much higher budget deficit in the state, according to a report by Moody's Investor Services.
US economy could grow more than expected in 2011: WSJ Survey
Economists are more positive about economic growth in 2011 in the United States, according to a survey by the Wall Street Journal.
Get smart: Techie gifts for fitness fanatics
'Tis the season of the smart workout, when mobile phones track miles run, treadmills interact with virtual trainers and computer chips render even jump ropes artificially intelligent.
Underdogs Amazon and Target take aim at iTunes and Walmart
NEW YORK - As music retailers suffer ever shrinking sales, some of the most aggressive moves to boost business are being made by the perpetual runners-up in their respective sectors.
GE's Brazil Focus; Paying $1.3 Bln For UK's Wellstream
US conglomerate GE said it agreed to buy Britain's oilfield-services company Wellstream Holdings Plc for 800 million pounds ($1.3 billion) to broaden its base in fast-growing emerging markets.
Futures gain as China refrains from raising rates
Stock index futures rose on Monday after China held off on raising interest rates over the weekend despite high inflation pressure.
Airbus raises aircraft demand forecasts
Airbus raised its 20-year forecasts for aircraft demand and passenger traffic on Monday on the back of a stronger than predicted recovery in airlines powered by emerging markets.
Futures higher as China keeps rates unchanged
Stock index futures were higher on Monday after China decided to leave interest rates unchanged.
Lenovo eyes rising margins on appreciating yuan
Lenovo, the world's No. 4 PC maker, expects its operating profit margin to trend upwards, helped by easing component shortages and an appreciating Chinese currency, its CFO said on Monday at the Reuters China Investment Summit.
Kosovo awaits poll results, most Serbs boycott elections
Caretaker Prime Minister Hashim Thaci's Democratic Party of Kosovo (PDK) is leading in Kosovo's Sunday polls, reports suggest. The results are expected to be declared in the late hours of Sunday. The country is holding its first election since unilaterally declaring independence in 2007 from Serbia.
Euro zone needs fiscal tightening despite growth impact: OECD
Euro zone countries must consolidate public finances even though this is likely to dampen economic growth in the near term, the Organization for Economic Cooperation and Development said on Monday.
BofA looks to sell toxic mortgages worth $1 billion: report
Bank of America Corp has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said on Monday, citing sources.
Music labels reach fans with multiplatform apps
DENVER - The app is far too powerful a tool to be limited to mobile phones.
Stock index futures little changed
Stock index futures pointed to mixed open on Wall Street on Monday, with futures for the S&P 500 down 0.05 percent, Dow Jones futures up 0.03 percent and Nasdaq 100 futures down 0.06 percent at 0853 GMT.
Treasury yields at 6-month high, stocks gain
Selling pressure on 10-year U.S. Treasuries drove yields to fresh six-month highs on Monday as investors threatened to undo this year's bond rally on signs of global economic recovery and deeper U.S. deficits.
Underdogs Amazon, Target take aim at iTunes, Walmart
NEW YORK - As music retailers suffer ever shrinking sales, some of the most aggressive moves to boost business are being made by the perpetual runners-up in their respective sectors.
Asian stocks, dollar rise, China up as rate hike skipped
Asian stocks chalked up modest gains on Monday, buoyed by upbeat U.S. data, while Chinese shares rose nearly 3 percent as investors reacted with relief that Beijing's policy moves to cool inflation did not include an interest rate rise.
Fed vs Obama: Tax deal drives up rates
What the Federal Reserve giveth, Obama taketh away.
Amazon websites outage was due to hardware failure
Amazon.com Inc's websites in Europe suffered an outage for more than half an hour on Sunday night, in what the company said was a hardware failure in its European data center network.
Cosmopolitan casino aiming for the curious in Las Vegas
Billed as polish without pretense, the latest, and likely the last for at least the next decade, new casino-resort will open this week on a Las Vegas Strip still grappling with a weak economy.
Asian stocks and dollar rise, momentum lacking
Asian stocks chalked up modest gains on Monday, while the benchmark U.S. Treasury yield hit a six-month high in response to upbeat U.S. data, helping shore up the dollar.
Asian stocks rise and dollar up on upbeat U.S. data
Asian stocks rose on Monday as investors took in their stride China's latest attempt to cool inflation and fresh vows to tackle price pressure, while upbeat U.S. economic data helped
Amgen, Actelion CEOs met, no offer made: report
Amgen Inc's chief executive met with the top executive of Swiss biotech firm Actelion Ltd to discuss his interest in Actelion, but made no offer for the company, Bloomberg reported on Sunday, citing three people with knowledge of the situation.
GE to agree $1.2 billion takeover of oil firm Wellstream: report
General Electric could unveil a 755 million pound-plus ($1.2 billion) takeover of British oilfield services company Wellstream Holdings as early as Monday, the Financial Times said on Sunday.
Amazon websites in Europe suffer outage
Amazon.com Inc's websites in Britain, France, Germany and Spain suffered an outage for more than half an hour on Sunday night, but it was not immediately clear whether it was due to a cyber attack.
Wal-Mart in talks with unions over NY stores: report
Wal-Mart Stores Inc is in advanced talks with New York's construction unions to get their backing for its entry into New York City's retail market, The Wall Street Journal reported on Sunday.