British Airways, Iberia agree to $7 billion merger
British Airways and Spain's Iberia announced on Thursday a preliminary agreement for a $7 billion merger to create the world's third-largest airline by revenue.
Euro zone economy jumps out of recession in Q3
The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after the area's top three economies fell short of market forecasts.
Dollar eases, lifting commodities; stocks tick up
The U.S. dollar eased on Friday after overnight gains and ahead of euro zone growth data, boosting metal and crude prices, while world stocks drifted higher. The dollar rose overnight against a basket of currencies but succumbed to another sporadic bout of profit-taking, and traders said the currency's broad weakness was likely to continue over the longer term.
Stock futures signal rise; A&F, JC Penney eyed
Stock index futures pointed to a higher open for U.S. shares on Friday after snapping a six-day winning streak in the previous session, with investors awaiting earnings from JC Penney and Abercrombie & Fitch .
Currencies in focus as Obama tours Asia
A rare rally in the U.S. dollar was the focus in Asia on Friday as investors wondered if President Barack Obama's nine-day visit to the region would generate pressure on some countries to let their currencies rise.
Bain in $1.1 billion deal for Citi's Bellsystem: sources
U.S. private equity firm Bain Capital is finalizing a roughly 100 billion yen ($1.1 billion) deal to buy Japanese telemarketer Bellsystem24 from Citigroup Inc , three sources familiar with the matter said.
Former bankers look to buy failing banks: report
Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc and Deutsche Bank AG , the Wall Street Journal reported citing sources.
Chinese quiz Obama on trade, Tibet and Yao Ming
Chinese Internet users want to quiz U.S. President Barack Obama about trade feuds, basketball, Tibet and whether he will cede California to China, according to websites seeking questions for a town hall meeting.
Apple grabs 17% of smartphone share
Apple's global smartphone share reached 17 percent as iPhone sales totaled 7 million units in the third quarter, following the continued rollout of the iPhone 3GS in new countries, research firm Gartner said on Thursday.
Dollar bounce triggers gold fall, stocks drop
Gold retreated from a record high above $1,120 an ounce on Thursday and global stocks lost ground as doubts about a lasting economic recovery underpinned the dollar.
Blockbuster loss grows as sales drop
Blockbuster Inc , the largest U.S. movie rental chain, posted a larger-than-expected quarterly loss as revenue fell more than 20 percent, and its shares dropped 12 percent in after-hours trade.
Daily Wrap Up - Nov 12
Buffett's Crisis Declaration; Disney Beats Street; Starbucks' Competition
Clicker launches a TV Guide for the Internet
Clicker.com launched a TV Guide for Internet television on Thursday, designed to provide a new way to find everything from old Seinfeld episodes to cooking shows.
October U.S. video game sales down 19 percent: NPD
Sales of video game equipment and software in the United States tumbled 19 percent in October to $1.07 billion, research group NPD said on Thursday, troubling figures as the industry heads into the most important selling weeks of the year.
TV guide for the Internet age launched
Clicker.com launched a TV Guide for Internet television on Thursday, designed to provide a new way to find everything from old Seinfeld episodes to cooking shows.
Dollar trouble, oil's bubble could derail recovery
The weakness in the U.S. dollar risks inflating a bubble in the oil market, which could threaten consumer spending and potentially cause a double dip recession.
FDA tackles gray area of social media
WASHINGTON - Drug makers, Internet companies and nonprofits called for clarity on what is a gray area for U.S. health regulators: how drug promotion on Twitter, Wikipedia, blogs and other social media can be regulated.
Fed did not intervene in FX market in Q3: NY Fed
U.S. monetary authorities did not intervene in the foreign exchange markets in the third quarter as the dollar fell broadly against major and emerging market currencies, the Federal Reserve Bank of New York said.
British ex-PM Blair faces Iraq inquiry next year
Former Prime Minister Tony Blair will face questioning next year about Britain's entry into the Iraq war from a committee which has heard the decision was illegal and based on deception, its chairman said on Friday.
Chile: Any U.S. missile, radar deal under $665 million
Chile's government said on Thursday any eventual purchase of U.S. missiles and radar equipment will be infinitely lower than a possible $665 million purchase the Pentagon has disclosed.
Facebook provides alibi for robbery suspect
A 19-year-old New York man who was arrested for armed robbery has been exonerated thanks to a status update he posted on social networking site Facebook.
Idol champ Allen's CD reflects life on the road
American Idol champion Kris Allen, who once traveled the world on church missionary trips, took an equally wayfaring approach to record his new album, working in studios across the United States.
Jackson's This Is It passes $200 million worldwide
Michael Jackson's concert movie This Is It has taken more than $200 million at box offices worldwide in the first two weeks of release, the studio behind the movie said on Thursday.
Clicker.com seeks to become the Google of online videos and movies
Finding a video of a TV Program or movie online can sometimes be tough with all the content that is out there - now there is a new online internet TV and Movie guide that indexes all this content for you.
Fed's balance sheet shrinks in latest week
The U.S. Federal Reserve's balance sheet shrank in the latest week, Fed data showed on Thursday.
Disney profit and revenue beat Street, shares rise
Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, as strong results from its cable business helped it overcome a disappointing stretch for its film studio.
White House says open to using TARP to ease debt
The Obama administration is weighing how a $700 billion financial rescue fund could be used to ease the U.S. debt burden, the White House budget director said on Thursday, as data showed the deficit had deepened.
Government sued for defunding scandal-hit ACORN
The scandal-hit liberal grass-roots group ACORN sued the U.S. government on Thursday, saying it did not have the right to cut off ACORN's federal funding because the group had not been convicted of a crime.
Foreign cenbanks U.S. debt holdings slip in week: Fed
Foreign central banks' holdings of U.S. Treasuries fell and agency debt holdings at the Federal Reserve rose in the latest week, data from the U.S. central bank showed on Thursday.
China's big coal province disrupted by snow
Thousands of vehicles have been trapped on roads after two days of snow in China's biggest coal-mining province, disrupting the movement of people and coal, state media reported on Wednesday.