XP mode of Windows 7 reaches RC
Microsoft has unveiled its Windows 7 XP Mode release candidate (RC) version and is available for download at the company's website.
Commercial Investment Trends: Industrial
Consumer spending continues to decline, as rising unemployment and a prolonged recession force consumers to cut back.
June consumer spending, pending home sales rise
U.S. consumers spent more in June and there was positive news on the housing market, but a big drop in incomes pointed to a slow recovery from the worst recession in decades.
Intel, facebook the power to change the world
The world's largest chip maker, Intel on Tuesday launched new software application that runs in a social networking that will save the world in donating spare processing power in a computer to a worthwhile cause's effort.
North Korea frees two U.S. journalists after Clinton visit
North Korea on Tuesday released two jailed American journalists after a visit from former U.S. President Bill Clinton in the highest-level U.S. contact with North Korea since Clinton was president nearly a decade ago.
Oil falls on profit-taking, market awaits U.S. data
Oil prices fell on Tuesday on expectations data will show a rise in U.S. crude inventories and profit-taking following three days of gains.
M.Stanley eyes Shanghai property sale: sources
The real estate investment arm of U.S. bank Morgan Stanley (MS.N) aims to sell a Shanghai office building for around 2.5 billion yuan ($366 million) to a Hong-Kong-listed developer, sources said on Tuesday.
Housing recovery, energy to boost timber use - UN
Signs of recovery in the U.S. housing market and growing demand for wood as an energy source could herald a recovery in demand for forestry products, a United Nations agency said on Tuesday.
GM, Germany could decide on Opel buyer by weekend
General Motors and the German government could decide by the end of the week which bidder they want to take control of the automaker's Opel unit, Germany's deputy economics minister said on Tuesday.
Reid seeks to push ahead with cash for clunkers
U.S. Senate Majority Leader Harry Reid on Tuesday put a bill to extend the popular
BMW to sell own-brand electric cars,Q2 beats forecasts
BMW (BMWG.DE) will launch a new class of environmentally friendly vehicles under its own brand, signalling that even premium automakers are ready to embrace electric vehicles as a mainstream product.
GM, Germany talk on Opel buyer, need more time
U.S. carmaker General Motors [GM.UL] and German officials began a fresh round of talks on Tuesday to try to narrow their differences on which bidder they want to take control of its Opel unit.
Global automakers beat forecasts; stay cautious
Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
Duke, Entergy profits slide as recession weighs
Power producers Duke Energy Co and Entergy Corp reported lower second-quarter earnings Tuesday as the weak U.S. economy reduced electricity demand from their biggest industrial customers.
Emerson profit misses forecasts, shares down
Industrial conglomerate Emerson Electric Co reported a 37 percent drop in quarterly net profit on Tuesday and said no significant economic recovery was likely before late 2010.
Mid-Day Minute - August 4
'Flashes' under the gun, Opel Talks Advance, Bigger Spenders
Stocks lower on profit-taking, but housing brighter
U.S. stocks edged lower on Tuesday as economic data showing contracts for home sales rose more than expected in June was offset by investors booking profits after the recent rally.
German official says progress made in Opel talks
German Deputy Economics Minister Jochen Homann said on Tuesday that German officials and General Motors had made significant progress in talks over the sale of the U.S. carmaker's Opel unit.
Donald Trump to return to Atlantic City casinos
Real estate tycoon Donald Trump and an affiliate of Bank of Nevada will buy Trump Entertainment Resorts Inc for $100 million, the bankrupt casino operator said, sending its shares up more than 79 percent.
U.S., Canada courts approves Nortel enterprise unit auction
Bankrupt Nortel Networks Inc received U.S. and Canadian court approval on Tuesday to sell its enterprise business, further dismantling the former corporate icon.
Bank regulators dig in against Obama shake-up
Top U.S. bank regulators spoke out on Tuesday against key elements of the Obama administration's plan to reshape financial regulation, calling some parts unneeded or disruptive.
StanChart raises $1.7 billion for Asia growth
Asia-focused bank Standard Chartered unveiled a surprise 1 billion pound ($1.7 billion) fundraising on Tuesday as it beat expectations with a record mid-year pretax profit.
Building collapses in N China killed 17
A yet-to-be-completed factory building collapsed in a severe thunderstorm Tuesday in northern China, killing 17 and injuring three, but journalists were hindered to report on it, local media said.
U.S. military reviews use of Twitter, other sites
The Pentagon has ordered a review of its use of social networking sites such as Twitter and Facebook, citing concerns that security could be compromised, officials said on Tuesday.
Mid Day Minute - August 4 - Energy
Duke Energy Co. said its profit declined 21 percent in the second quarter to $276 million or 21 cents per share from $351 million or 28 cents per share a year earlier as the economy affected commercial sales prices.
Schumer, Schapiro say flashes under the gun
A U.S. Securities and Exchange Commission ban on so-called flash orders is imminent, a senior lawmaker said on Tuesday -- just before the agency itself said it was drawing up plans to ban the controversial services offered by some stock exchanges.
U.S. consumer spending, pending home sales up
U.S. consumers spent more in June and pending sales of previously owned homes also rose, data issued on Tuesday showed, but the biggest drop in incomes in four-and-a-half years pointed to a slow recovery from the worst recession in decades.
Epic GE accounting case ends with $50 million fine
After a four year government investigation, General Electric Co. will pay a $50 million fine over its alleged misuse of hedge fund accounting which in one case, regulators said allowed GE to avoid missing analysts' earnings expectations.
Wall Street edges up on home sales data
Stocks edged higher on Tuesday as better-than-expected data on home sales underpinned signs of an economic recovery, but the gains were capped as investors took profits in shares that propelled the recent rally.
SEC ban on flash trades imminent: Sen. Schumer
A U.S. Securities and Exchange Commission ban on flash trades is imminent, a senior lawmaker said in a statement on Tuesday.