Yen advances; shares edge higher, cheer earnings
Asian shares extended gains on Friday on hopes the global recession is receding after key U.S. companies beat earnings expectations, but deadly blasts in Jakarta weighed on Indonesian stocks and the rupiah.
Eyes on U.S. banks as earnings boost recovery hopes
Investors were looking to Bank of America and Citigroup for a fresh dose of earnings optimism on Friday, after strong reports from JPMorgan Chase and IBM raised hopes for a global recovery.
Symbian eyeing to develop mobile Apps
Symbian, the mobile phone web OS Company for a large number of the world's phones will begin working on the development of mobile applications.
GM's strategic move to drive growth in China
The new General Motors Co is looking to the fast-growing Far Eastern markets, especially China, the Detroit News reported on Wednesday.
Asia shares extend gains on earnings, oil slips
Most Asian shares extended gains on Friday as key U.S. earnings reports beat expectations, fueling hopes that the global recession is receding, but deadly explosions at two Jakarta hotels weighed on Indonesia stocks and the rupiah.
Moon landing tapes got erased, NASA admits
The original recordings of the first humans landing on the moon 40 years ago were erased and re-used, but newly restored copies of the original broadcast look even better, NASA officials said on Thursday.
Michael Jackson's wife sues over custody reports
Michael Jackson's ex-wife Debbie Rowe on Thursday sued a woman for defamation on Thursday after news reports that claimed Rowe was willing to accept millions of dollars in exchange for giving up her custody rights to her two children with the dead pop star.
Six killed in central Jakarta hotel blasts: police
Six people were killed in nearly simultaneous explosions at the Ritz-Carlton Hotel and the Marriott Hotel in central Jakarta on Friday, Indonesian police said.
Oil falls towards $61 amid lingering pessimism on economy
Oil fell toward $61 a barrel on Friday amid lingering skepticism on the pace of a global economic recovery, but prices are on track to snap four straight weeks of decline to post a weekly gain.
U.S. video game sales post largest decline since 2000
U.S. sales of video game equipment and software fell 31 percent to $1.17 billion in June, research group NPD said on Thursday, the largest decline since 2000.
Google quarterly results fail to excite
Google Inc's quarterly profit beat Wall Street expectations, but the weak economy and slump in advertising spending took a toll on revenue growth and the price of its search ads.
Major U.S. exchange chief urges SEC-CFTC merger
The two main regulators of U.S. financial markets should merge, the chief executive of America's largest options exchange says in remarks to be delivered to a congressional panel on Friday.
Google sees YouTube profitable in near future
Web video site YouTube will be profitable for Google Inc in the near future, the Internet search leader said on Thursday.
Congress gets pay bill as bank bonuses swell
With the smell of fat bonus checks again wafting down Wall Street, the Obama administration and Democrats in Congress on Thursday moved closer to a clampdown on U.S. corporate executive pay.
IBM hikes full-year outlook, shares shine
IBM sharply raised its full-year earnings forecast as it benefits from focusing more on higher-margin businesses in software and services, sending its shares up as much as 3 percent.
N.J. drivers support texting ban but still do it
Although most people in New Jersey support a law forbidding texting while driving and think it should be more strictly enforced, one in five said they have sent a text while behind the wheel, according to a new study.
YouTube to be profitable in not-too-distant future
Web video site YouTube will be profitable for Google Inc in the near future, the Internet search leader said on Thursday.
Oil prices rise with Wall Street
U.S. oil prices rose on Thursday, tracking a late-day rebound on Wall Street and bolstered by a report showing strong economic growth in China, the world's second biggest consumer of energy.
RHJ to cut 3,900 jobs at Opel in Germany - paper
Belgian financial investor RHJ wants Opel to break even in 2011 on an operating basis by closing the carmaker's Antwerp plant, idling production in Eisenach and cutting 3,900 jobs in Germany, a newspaper reported.
Michael Jackson's death reports to be released publicly next week
The result of Michael Jackson's death reports will be released publicly early next week, according to Los Angeles coroner's office.
Hong Kong's May goods exports down 13% despite price rise
Hong Kong saw the volume of total goods exports fall 12.6% and that of imports drop 16.2% year on year in May, the Census & Statistics Department said on Thursday, adding that the volume of goods re-exports fell 11.8% while that of domestic exports dived 35.5%.
China loosens forex rules
China would loosen its controls on overseas investment procedures and foreign exchange management of domestic companies to boost outbound investment, China's foreign exchange regulator said on Wednesday.
CIT assets attractive but only to bargain hunters
Many of CIT Group Inc's businesses, including trade and transportation finance, could be of interest to potential buyers as the commercial lender stares at the possibility of bankruptcy.
Apple cut out Palm Pre's access to iTunes
Apple has finally cut Palm Pre's accessed to its iTunes when it released a new iTunes update yesterday.
New Harry Potter movie sets world opening record
The latest Harry Potter movie cast a $104 million spell over worldwide box offices during its first day in theaters, setting a new record for the boy wizard, distributor Warner Bros Pictures said on Thursday.
NAM summit calls for new world order
The Non-Aligned Movement (NAM) closed the 15th summit Thursday with a declaration to continue supporting each other as well as to promote disarmament and international security, peacekeeping, human rights and democracy.
CIT bankruptcy fears grow, bondholders meet
CIT Group Inc stood on the brink of bankruptcy on Thursday after rescue talks with the government collapsed and the specialty lender's bondholders convened emergency talks among themselves.
H1N1 pandemic spreading too fast to count: WHO
The World Health Organization (WHO) said on Thursday that the H1N1 flu pandemic was the fastest-moving pandemic ever and that it was now pointless to count every case.
Worst behind us but more stimulus needed: Roubini
Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the financial crisis, said on Thursday that the worst of the turmoil has passed.
IBM hikes full-year outlook, shares rise
IBM surprised markets by sharply raising its full-year earnings forecast as its growing software and services businesses boosted profit margins, lifting its shares in after-hours trade.