Consumer spending to spur US economy in 2011: Wells Fargo
The U.S. economy will begin to show signs of improvement in 2011 as major indicators such as housing and consumer spending begin to improve by mid-2011, according to an annual outlook report from Wells Fargo.
Stocks, bonds correlation eases after tax deal
The markets for equities and government bonds have returned to their long-term pattern of moving in opposite directions as a result of a U.S. tax cuts deal that is expected to boost spending there.
Azim Premji Foundation in India commits to a school in every district
The Azim Premji Foundation plans to establish schools in every district in India to facilitate attainment of objectives laid down in the National Policy for Education.
Facebook founder Mark Zuckerberg and 16 others join Gates, Buffett in charity pledge
Facebook founder and chief executive Mark Zuckerberg and 16 other wealthy American families agreed to donate most of their fortunes to charity by joining a pledge started by billionaires Warren Buffett and Bill Gates.
Google unveils new YouTube app on Android market
Google has released a new version of YouTube app on the Android market.
Kremlin hi-tech hub to partner with Nokia-Siemens
Telecom gear maker Nokia Siemens Networks is set to become the latest foreign company to pledge its support to the Kremlin's new flagship technology hub near Moscow, the head of the hub said on Thursday.
Dell in talks to buy Compellent for $27.50 per share
Dell Inc is in talks to buy data storage company Compellent Technologies Inc
Hackers hit Sarah Palin's website
The anonymous hacker group that brought down the websites of Visa and MasterCard Wednesday also attacked Republican Sarah Palin's website SarahPAC.com early on Thursday. The website remained inaccessible for hours following the attack, whcih was part of the group's Operation Payback.
Analysis: Nokia vs Android: Requiem?
Mobile maker Nokia's Symbian operating system is on the ropes, its lead being stripped away blow by Android blow, but if its new boss throws in the software towel now, the relief will be brief and the scars permanent.
GE close to bringing out 'Electric Bus of the Future'
General Electric (GE) is very close to bringing out the 'Electric Bus of the Future', which is mooted to be cost-effective solution for electrification of buses, delivery trucks, off-highway vehicles and other heavy-duty vehicles.
Jobless claims fall, bolster recovery hopes
New U.S. claims for unemployment benefits fell more than expected last week and the four-week moving average slipped to a fresh two-year low, reviving hopes a labor market recovery was under way.
Instant view: Weekly jobless claims fall
New U.S. claims for unemployment benefits fell more than expected last week and the four-week moving average hovered at two-year lows.
Wall St boosted by jobs data, euro weighs
Stocks rose modestly on Thursday after encouraging labor market data renewed optimism the fragile economic recovery was track, but gains were limited by a decline in the euro.
BoE keeps rates steady, makes no change to QE
The Bank of England voted to make no change to its monetary policy this month, in a widely expected decision as it waits to see how much growth next year suffers from UK public spending cuts and euro zone turmoil.
Toyota Tsusho in rare earth mineral deal with India
Toyota Tsusho Corp, the trading company part-owned by Toyota Motor Corp will build a rare earth processing plant in India to secure supply sources outside China.
India's telecom regulator TRAI proposes $6 bln investment to widen broadband penetration
The Telecom Regulatory Authority of India (TRAI) has recommended an investment of $6 billion to set up a national broadband network for faster Internet connectivity after it missed its target of 20 million broadband connections within 2010 as it has managed only 10.3 million.
Cyber group says WikiLeaks attacks to grow
More cyber attacks in retaliation for attempts to block the WikiLeaks website are likely in a data war to protect Internet freedom, a representative of one of the groups involved said on Thursday.
Smithfield posts stronger-than-expected profit
Smithfield Foods Inc on Thursday reported quarterly earnings that beat expectations as reductions in the U.S. hog herd paid off with higher prices and profit margins.
Top banks plan new forex dealing platform: report
The big global banks involved in currency trading plan a banks-only dealing system, in a move to reclaim lost business, the Wall Street Journal said, citing several people familiar with the situation.
BoE keeps rates at 0.5 percent, makes no change to QE
The Bank of England's Monetary Policy Committee voted to keep interest rates unchanged and make no new quantitative easing purchases after its monthly meeting on Thursday, in line with market expectations.
Wal-Mart, Homeland Security's unusual ally in war against terror
The Department of Homeland Security (DHS) has enlisted retailing giant Wal-Mart to join the forces for the safety and security of the nation.
Howard Stern in five-year deal with Sirius
Howard Stern is returning to Sirius XM Radio Inc, the shock jock reported on his website on Thursday, sending shares of the satellite radio company up 8 percent.
Jobless claims revive hopes of recovery
New U.S. claims for unemployment benefits fell more than expected last week and the four-week moving average hovered at two-year lows, according to a government report on Thursday that revived hopes a labor market recovery was under way.
Wachowskis of Matrix fame to direct Robin Hood movie
The brothers are coming up with an urbanised edgy version of Robin Hood called the Hood and Will Smith will be acting in it
Mastercard buys Travelex division for $460 million
MasterCard is buying the prepaid cash card business of foreign exchange group Travelex for 290 million pounds ($459 million), boosting its presence in a fast-growing financial services segment.
More U.S. billionaires pledge to give away wealth
Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
DS Smith interim profits rise on recycled packaging growth
British packaging company DS Smith Plc said first half pretax profit rose 17.5 percent, helped by strong volume and revenue growth in the recycled packaging business.
Toshiba says chip plant halted by power outage
Production at one of Toshiba Corp's key chip factories has been halted by a brief cut in power, the company said, hitting its output of NAND flash memory and likely helping rivals such as South Korea's Samsung Electronics.
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Fresh snowfall causes travel chaos in Europe; Eiffel Tower closed
Heavy snow blanketed French skies on Wednesday resulting in fresh traffic disruptions for European travelers after last week’s transport shutdown even as storm lashed Portugal and Spain.