World stocks near 9-month high on upbeat earnings
World stocks rose close to the previous session's nine-month high and oil edged up on Thursday as forecast-beating earnings from major firms raised expectations for a global economic recovery. Swiss bank Credit Suisse's higher-than-expected second-quarter profits and drugmaker Roche's bullish two-year forecast followed solid reports in the United States from Apple and Starbucks on Wednesday.
Roche profit plummets but ups outlook
Roche , the maker of the Tamiflu flu drug, posted a 29 percent drop in first-half net profit and missed forecasts, hit by financing costs related to its $47 billion acquisition of Genentech.
Hyundai posts record profit in Q2, outlook strong
Hyundai Motor Co's quarterly profit jumped by nearly half to a record high thanks to a weaker won boosting offshore sales and government incentives at home, factors which should help it outperform rivals this year.
Asia stocks hit 10-month high on earnings, growth
Asian stocks climbed to a 10-month high on Thursday led by energy shares, though some investors wondered if upward momentum from corporate earnings reports justified increasingly pricey valuations.
U.S. back-to-school; Wal-Mart woos laptop shoppers
Wal-Mart Stores Inc has expanded its laptop selection by 40 percent and will be aggressive in pricing the computers and the accessories to go with them as the discount retailer looks to win sales from frugal back-to-school shoppers.
Roche profit hit by Genentech deal but ups outlook
Roche , the maker of the Tamiflu flu drug, missed forecasts with a 29 percent drop in first-half net profit, hit by costs related to its $47 billion acquisition of Genentech.
Disney CEO bullish on direct Web marketing to consumers
Walt Disney chief Robert Iger said on Wednesday advertising will rapidly grow more sophisticated as media firms begin tracking consumer preferences and selling the data on to advertisers.
Amazon.com buying shoe seller Zappos for $928 million
Amazon.com will pay about $928 million for booming online shoe retailer Zappos.com, expanding aggressively into the apparel arena with a well-known name after trying unsuccessfully to go it alone.
Verizon Wireless proposes roaming rule change
Verizon Wireless would be willing to make a compromise on roaming service agreements with smaller mobile operators, according to a letter it sent on Wednesday after pressure from U.S. lawmakers.
Bristol-Myers to buy Medarex for $2.4 billion
U.S. drugmaker Bristol-Myers Squibb Co on Wednesday said it will pay $2.4 billion to acquire Medarex Inc , a biotechnology company that has been helping it develop a promising treatment for melanoma since 2005.
Wall St. seeks sunny forecasts in solar earnings
Investors are looking for signs of a recovery in solar panel demand when manufacturers report earnings in the coming weeks, though panel prices are still falling fast and earnings may not see a meaningful improvement until 2010.
Qualcomm outlook disappoints, profit falls
Wireless chip and technology supplier Qualcomm Inc issued a revenue target for the current quarter that was below Wall Street expectations, sending its shares down about 5 percent.
Nasdaq up on Apple, Starbucks
The Nasdaq rose on Wednesday for the 11th straight day, buoyed by solid profits from Apple Inc and Starbucks Corp , while disappointing bank results and declining energy shares weighed on the broader market.
U.S. to invest $6.3 Million for biofuel research
The U.S. Department of Energy and Department of Agriculture announced on Wednesday an investment of up to $6.3 million to advance research for the use of plant feedstocks for production of biofuels.
Chrysler says dealer legislation could force liquidation
Chrysler Group could again face the prospect of liquidation if legislation aimed at reversing its decision to terminate contracts with 789 dealers becomes law, a company executive said on Wednesday.
Confirmed: Windows 7 and Windows Server 2008 R2 goes RTM
Microsoft Corp confirmed the released to release to manufacturing (RTM) of Windows 7 and Windows Server 2008 R2.
Glimmer of hope in EBay marketplace sends shares up
EBay Inc posted better-than-expected quarterly results after managing to slow a persistent deterioration in its main Web auctions and retail business, propelling its shares nearly 5 percent higher.
Bluetooth Headset MoGo TALK for BlackBerry unveils
MoGo Talk is the world's first ultra-thin integrated Bluetooth headset and was unveiled on Wednesday for BlackBerry Curve and BlackBerry Javelin.
H1N1 tally rose by 1000 within 14 days in Hong Kong
Hong Kong reported another thousand confirmed cases of H1N1 on Wednesday, two weeks after it reported its first 1000 H1N1 confirmed cases on July 7.
AMD WHQL-Certified ATI Catalyst drivers for Window 7 RTM is ready
AMD on Wednesday said its new line of WHQL-certified ATI Catalyst graphics drivers for Windows 7 RTM are ready to for the final release and availability of the Microsoft's new operating system on October 22.
IBM announces Brocade, Cisco, and Juniper OEM Deals
Working together to Support Increasingly Interconnected IT Infrastructures, the top networking technology Companies entered into an agreement deals. IBM announced the agreement of reseller and original equipment manufacturing (OEM) of switches and routers which will benefit all the Companies creating good relationship among them.
Obama says healthcare crucial for economy
U.S. President Barack Obama said on Wednesday a broad healthcare overhaul was critical to an economic recovery and promised to push a reform package through Congress this year despite growing doubts about the plan, even among fellow Democrats.
Apple, Starbucks lift Nasdaq
The Nasdaq rose on Wednesday for the 11th straight day, buoyed by solid profits from Apple Inc and Starbucks Corp , while disappointing bank results and declining energy shares weighed on the broader market.
Amazon buying shoe seller Zappos
Amazon.com made an aggressive move to grab market share in shoes and apparel on Wednesday, announcing a deal to buy online shoe retailer Zappos.com Inc for $927.9 million, mostly in stock.
EBay net, revenue beats Street, shares up
Ebay Inc on Tuesday posted a quarterly net profit and revenue that beat Wall Street expectations, and shares rose more than 3 percent.
Drug companies post solid results
Three of the world's biggest drugmakers posted better-than-expected quarterly earnings on Wednesday and gave bullish forecasts for the rest of the year, demonstrating the industry's resilience in the weak economy.
Bernanke fights for Fed independence
Federal Reserve Chairman Ben Bernanke on Wednesday fought hard to protect the independence of the U.S. central bank and keep responsibility for consumer protection on financial products in its hands.
Booming flat TV sales drive Hisense profits up 90% in H1
Hisense Electric Co Ltd, one of China's leading electronics and household appliances producers, said on Tuesday its profit rose nearly 90% in the first half of 2009 due to booming flat-panel TV sales.
Man without using money lives for nine years
Daniel Suelo, 48, has been living for nine years without taking or using any Monday in Utah, according to Details magazine.
Canon announces Image Stabilizer for shaky Photographers
Canon U.S.A., Inc announces the development of its Hybrid Image Stabilizer (IS) claiming to be the world's first* optical image stabilization technology that compensates shaky photographer.
