Singapore Airlines Cargo pleads guilty to price fixing, fined $48 mln
Singapore Airlines Cargo (SIA Cargo) has agreed to plead guilty in a price-fixing case and pay a $48 million criminal fine, the U.S. Justice Department has announced.
Euro zone pulls ahead, China shifts stance
German strength propelled the recovery of the euro zone's dominant services economy in November, surveys showed on Friday, after China declared a new prudent monetary stance to help regulate its fervent growth.
Factory orders broadly lower in October
New orders received by U.S. factories dropped 0.9 percent to a seasonally adjusted $420 billion in October, a setback for the manufacturing sector as demand declined across a broad array of goods, a government report on Friday showed.
Special Report: What did you do in the ETF war, daddy?
Gus Sauter, Vanguard Group's chief investment officer, vividly recalls the first time he proposed exchange-traded funds to his boss.
Wall St flat but eyes best week in a month
Stocks were headed for their best week in a month on Friday after a brighter assessment of the economy and a more optimistic view of Europe's debt crisis drove a rally earlier this week.
Oracle steps on open-source community's toes; lays claim to Hudson trademark
After irking the FOSS community by attempting to muscle control over open-source projects like Java, MySQL, OpenOffice and Solaris, Oracle is back again and is eyeing Hudson project, much to the dismay of open-sources.
Spot Gold Jumps to $1400 on Weak US Data, Bull Market Depends On Inflation
Spot Gold jumped over $1400 per ounce in wholesale dealing on Friday in London, holding onto an earlier drop vs. the Euro as the single currency rose sharply on news of weaker than expected US jobs growth in November.
Retailers try to beat early December lull
From holding private movie screenings to commissioning new holiday music, retailers are getting creative as they try to avoid a sales lull after the Black Friday rush last week.
WikiLeaks founder holds online Q&A session
The founder of the whistle-blowing organization WikiLeaks on Friday held an online question and answer session having in recent days embarrassed the U.S. government by publishing confidential embassy reports.
Greenhouse Gas Worse Than CO2 Discovered
Yearly global emissions of anaesthetic agents can be compared with that of carbon dioxide emissions from one million cars or one coal-fired power plant, says a study.
Traders see no Fed rate hike until 2012
U.S. short-term interest rate futures traders boosted bets the Federal Reserve will wait until mid-2012 before raising rates, after a government report showed the U.S. jobless rate unexpectedly rose in November.
US unemployment edges up
The unemployment rate in the U.S. surprisingly edged up in November after remaining constant for three months, the U.S. Labor Department reported on Friday.
Disparities abound in global economic data
Disparities in the global economy were evident on Friday with weak jobs data underscoring the long road to recovery in the United States while China and Brazil took steps to contain rapid growth.
Match Preview: Will Chelsea returning to winning ways against Everton?
On the first week of a busy December in the Premiership, Everton will travel to West London, to Stamford Bridge to take on the champions - Chelsea.
Chadbourne elects Giaccia as new managing partner
Global law firm Chadbourne & Parke has elected Andrew A. Giaccia as its new managing partner.
Instant view: Job growth much weaker than expected
U.S. employment increased far less than expected in November and the jobless rate jumped to a seven-month high of 9.8 percent, dampening hopes for a self-sustaining economic recovery.
Big Lots Q3 profit misses Street, cuts Q4 outlook
Close-out retailer Big Lots Inc posted a lower-than expected quarterly profit, and the company cut its outlook for the crucial holiday quarter, in the face of strong competition from rivals, sending its shares down 5 percent in pre-market trade.
Wikileaks strikes first blow, German Vice-chancellor sacks manager for 'spying'
Whistle-blower website Wikileaks struck its first blow, as German vice-chancellor Guido Westerwelle sacked his office manager on charges of spying for the United States. Helmut Metzner has reportedly admitted to have given regular information to the US embassy in Berlin.
Corrected: U.S. flew spy missions over Lebanon - leaked cable
U.S. spy planes flew reconnaissance flights over Lebanon from a British air base in Cyprus, leaked U.S. documents show, in a counter-terrorist surveillance operation requested by Lebanese officials.
U.S. deficit-cut plan falls short, offers framework
A bold plan to slash the U.S. budget deficit fell short on Friday of winning support needed from a presidential commission to trigger congressional action, but it was expected to help shape future budget debates.
Big Lots cuts outlook, shares down
Close-out retailer Big Lots Inc cut its outlook for the crucial holiday quarter, in the face of strong competition from rivals especially in the toys category, and a rise in debit card processing fees, sending its shares down 5 percent.
Walter Energy seals $3.3 billion Western Coal buy
U.S.-based mining group Walter Energy Inc is to buy Canada's Western Coal for C$3.3 billion ($3.3 billion) to create one of the largest producers of steel-making metallurgical coal.
Pirates of the Caribbean 5 and 6 too in 2011
Disney bosses considering making Pirates of the Caribbean 5 and 6 sequels back to back next year
When GPS Fails: Shoe Radar To The Rescue
Researchers from NC State and Carnegie Mellon developed a shoe radar to work in conjunction with GPS.
Web Browser Foils Trackers
Encrypt Stick, a Vancouver, B.C.-based company says it has created a portable, encrypted web browser.
Indian low-cost carriers propose massive price hikes
Low-cost carriers in India such as SpiceJet and Indigo proposed to hike flight charges to levels that would make the 'low-cost' tag redundant. Fares will now be decided on a four-slab basis, set according to the distance. The price hikes nearly triple ticket prices for flights booked on a short notice.
'We will fight you the way we fought the Soviets' - Afghan tribal elders to NATO: Wikileaks
Upset by night raids, tribal elders in Afghanistan threatened to fight the NATO forces like they fought the Soviets, US diplomatic cables suggest.
Wall St dips as jobs data fails to alarm
U.S. stocks edged mostly lower on Friday as Wall Street shook off an unexpectedly weak payrolls report, while investors were reassured by the broader economic picture and the likelihood the Federal Reserve would stay the course on its stimulus plan.
Google to save the planet with 'Earth Engine'
Google has launched a new Google Labs product called Google Earth Engine at the International Climate Change Conference in sunny Cancun, Mexico, said Google blog post.
France seeks to bar hosting WikiLeaks website
The French government is examining how it could ban website WikiLeaks from being hosted on servers in France, according to a letter written by Industry Minister Eric Besson and seen by Reuters on Friday.