Supreme Court nominee Sotomayor vows to follow the law
U.S. Supreme Court nominee Sonia Sotomayor sought to answer critics on Tuesday with a vow to follow the law ultimately and completely, and a key senator said he wanted confirmation hearings next month so she can rebut what he called unfounded charges of racism.
U.S. Auto Sales in May in Figures
U.S. auto sales fell nearly 34 percent in May from a year earlier, but aggressive discounting helped steady results for the battered industry, according to monthly results released on Tuesday.
JavaOne 2009 Opens with Debut of Java Store
Sun Microsystems opens the annual JavaOne conference this year with the debut of Java Store, a global marketplace for cutting-edge Java applications.
Opera passes iPhone to lead mobile-browser market
Norway's Opera Software overtook Apple's iPhone browser in May as the most popular mobile browser in the world, Web analytics firm StatCounter said on Tuesday.
Wall Street rises for 4th day on housing data
Stocks rose for the fourth straight day on Tuesday as an upbeat report on sales of previously owned U.S. homes bolstered hopes for an economic recovery.
B of A, JPMorgan, others raise $19 billion
Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.
Red Bull drinks in HK said to test positive for cocaine; Red Bull denies claims
Popular energy drink Red Bull was withdrawn from supermarkets in Hong Kong, after the country's Department of Health and Centre for Food Safety found traces of cocaine in the product, the agency reported.
What does GM's bankruptcy mean for me?
General Motors filed the largest bankruptcy of any industrial company in US history this Monday, and alongside it, unveiled plans to close more dealerships, factories, and support services across the nation.
Microsoft Windows 7 to hit market end in October
Microsoft Corp said on Tuesday its new Windows 7 operating system will be generally available on October 22, well ahead of its original schedule and in time for the holiday shopping season.
Delta halts launch of Kenya and Liberia routes
Atlanta based Delta Air Lines Inc. has postponed indefinitely its long-awaited inaugural flight Kenya and Liberia after the Department of Homeland Security told the carrier more time would be needed to approve the carriers request.
Nasdaq CEO: short ban did not affect stock price
Data suggests that the U.S. ban on short selling of financial stocks in 2008 did not impact stock prices, the chief executive of exchange operator Nasdaq OMX Group Inc told business leaders on Tuesday.
Geothermal heat pump projects to get U.S. gov't funds
U.S. Energy Secretary Steven Chu announced Tuesday that his agency will grant nearly $50 million from the government’s economic stimulus package funds to advance commercial deployment of geothermal heating pumps.
Sony lifts curtain on tinier PSP games device
Sony Corp unveiled on Tuesday the latest in its Playstation Portable line of hand-held devices, the PSP Go, as it races to catch rival Nintendo in the mobile gaming arena.
Ford U.S. sales strongest since July
Ford Motor Co said on Tuesday that U.S. sales fell 24.2 percent in May for all of its brands as the only U.S. automaker not in bankruptcy reported its strongest domestic sales month since July 2008.
China reveals ambitious goal for wind power capacity
A Chinese renewable energy official said today China will invest about 100 billion yuan ($14.6 billion) to boost its wind power capacity to 30,000 Megawatts from 12,000 MW it currently generates, Bloomberg reported.
Chrysler LLC says May was best retail month of the year
Chrysler LLC reported on Tuesday total unit sales of 79,010 for the month of May units, representing the best retail sales month of 2009 while the company also had an above average performance compared to industry.
Nintendo debuts new Super Mario Bros. Galaxy game, Wii Vitality Sensor
At the Nintendo E3 2009 press conference, the company introduced the Wii MotionPlus, an attachment which delivers precise and distinct motion control and a new Super Mario Bros game.
U.S. distressed debt best performer in 2009: report
U.S. distressed debt, among the hardest hit asset classes last year, has become the best, with returns of 39.5 percent year to date as risk appetite improves, Bank of America Merrill Lynch said.
FBI targets fraud in TARP, stimulus fund: Mueller
The FBI and other U.S. agencies are working to prevent fraud and corruption related to government bailout money and the economic stimulus package, in what could be the next wave of cases in the financial crisis, FBI Director Robert Mueller said on Tuesday.
Upbeat housing data lifts Wall Street, but banks off
Stocks rose on Tuesday as an upbeat report on sales of previously owned U.S. homes bolstered hopes for an economic recovery.
N.Korea to appoint successor for Kim
North Korea will probably appoint Leader Kim Jong-Il’s third and youngest son as his successor, news reports said on Tuesday.
US Senate set to consider plan to boost auto sales
The U.S. Senate could vote as early as Tuesday on a proposal to spur auto sales by underwriting some of the cost to consumers of buying fuel-efficient cars.
Chinese firm buying GM’s Hummer brand: reports
A Chinese industrial machinery company has reached a preliminary agreement with General Motors Corp. to buy the American car maker’s Hummer automobile brand, according to reports.
GM sales down 29.6 percent in May
General Motors Corp on Tuesday reported U.S. sales for May.
May auto sales to limp amid Chrysler, GM turmoil
A late month surge in sales from Chrysler dealerships that are losing their franchises as part of the automaker's bankruptcy may have driven U.S. auto sales in May to levels above those seen in recent months.
Angkor night lights ‘damaging temples’
Officials at Cambodia’s Angkor Wat have been accused of damaging the ancient site by installing light bulbs.
GM reportedly selling Hummer to China firm
General Motors Corp said it reached a tentative deal to sell its Hummer brand, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company.
Energy Conversion CEO 'guarded' about gloomy 2009
Solar power modules maker Energy Conversion Devices Inc. is being guarded about its outlook for 2009 as the credit crunch and economic recession restrains funding for solar energy projects.
WHO official says world edging towards pandemic
The spread of H1N1 flu in Australia, Britain, Chile, Japan and Spain has nudged the world closer to a pandemic, the World Health Organisation said on Tuesday.
Retrieving Air France black box will be epic task
The first sighting off Brazil's coast of possible wreckage from a missing Air France jet signals the start of what could be one of the most challenging operations ever mounted to retrieve the tell-tale black box.
