Microsoft adds Facebook, Twitter to Xbox Live
Microsoft Corp plans to boost social and entertainment features on its Xbox 360 gaming console by integrating music-streaming service last.fm, Web social network Facebook and microblogging site Twitter into its Xbox Live online community.
Loans by banks taking U.S. aid fall by $42 billion
The U.S. Treasury Department said on Monday average lending from about 500 banks that have received government capital injections fell $42 billion in March compared to February.
Citigroup exit from Dow cements bank's downfall
Citigroup Inc's run of ignominy has now come to this: losing its coveted spot in the Dow Jones industrial average to a former unit.
Prudential to offer $1.25 billion in stock
Prudential Financial Inc , the No. 2 U.S. life insurer, said it plans to sell $1.25 billion of common stock after turning down U.S. aid.
Microsoft to buy bio software operation
Microsoft Corp said on Monday it would buy some of the assets of Rosetta Biosoftware, part of a Merck & Co Inc unit which makes data management software for medical researchers, furthering Microsoft's push into the expanding healthcare technology business.
AMD Officially Launch six-core (Istanbul) Server Chip
Advanced Micro Devices launched its new six-core Istanbul processor benefiting data centers for databases and server consolidation using virtualizations.
U.S. to grant funds for energy efficiency in manufacturing, IT
The U.S. Department of Energy announced Monday it is giving out $256 million from the economic stimulus package to support energy efficiency in two major industrial sectors.
U.S. online travel agencies end airline booking fees
Fees charged by the four U.S. online travel agencies to book most flights could be a thing of the past as the companies, hungry for market share, try to make their offerings more appealing to the traveling public.
Sunoco completes Tulsa refinery sale to Holly
Sunoco Inc on Monday said it has sold its Tulsa refinery to Holly Corporation for $65 million in an effort to realign its portfolio of assets and improve our competitiveness.
GM leaders enter bankruptcy with hope and regret
The Interim Chairman of General Motors Corp Kent Krasa joined Chief Executive Officer Fritz Henderson today in stating his hope for a stronger, leaner company to emerge from the bankruptcy process which the company entered today but the chairman also added a note of regret in announcing the decision.
Analyst: Microsoft's Bing technologies 'ready for prime time'
Microsoft's Bing search engine went live over the weekend, three days ahead of schedule, making it the company's latest attempt to grab a larger slice of the online search market from Google.
Qualcom Upgrades Snapdragon Processor
Qualcomm announced its new upgraded Snapdragon processors with higher speeds, reaching 1.3GHZ with 3D, multimedia and graphics processing plus power consumption improvements at a Computex show in Taipei, Taiwan
Oil jumps 2 percent, factory data spurs recovery hope
Oil jumped more than 2 percent on Monday, touching a near seven-month high as improving global factory activity bolstered expectations of an economic recovery.
GM files for bankruptcy, Chrysler sale cleared
General Motors Corp filed for bankruptcy on Monday, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
GMAC bank unit denies paying unfair interest rates
Ally Bank, the banking unit of auto and mortgage lender GMAC, on Monday denied competitors' complaints that it is paying excessive interest rates to attract deposits while on a government-funded lifeline.
Upbeat economic data boosts Wall Street
Stocks rallied on Monday as reassuring economic data spurred optimism the recession is abating, overshadowing a long-expected bankruptcy filing by General Motors.
Volvo's plug-in hybrid to hit market by 2012
Volvo Car Corp. announced on Monday a joint venture with Swedish energy firm Vattenfall to launch plug-in hybrid cars by 2012.
Nasdaq jumps 3 percent as Wall St rallies
Stocks rallied on Monday, sending the Nasdaq up slightly more than 3 percent as reassuring economic data fueled hopes the recession is abating, eclipsing a long-expected bankruptcy filing by General Motors .
Air France plane disappears into Atlantic; 228 on board
Air France said on Monday its Airbus A330-200 plane, flight 447 was lost amid strong thunderstorms and lightning as it flew across the Atlantic Ocean.
Glaxo drug delays kidney cancer progression
An experimental cancer pill from GlaxoSmithKline reduced the risk of tumour progression or death by 54 percent in advanced kidney cancer patients compared to placebo, trial results showed on Monday.
GM bankruptcy forever linked to Harlem dealership
General Motors Corp's bankruptcy will forever be tied to one dealership in an often-ignored neighborhood due to the quirks of U.S. bankruptcy law.
General Motors, Citigroup to be cut from the Dow
The closely watched Dow Jones industrial average reshuffled the deck on Monday, removing both General Motors Corp and Citigroup Inc in a widely anticipated move.
Oil jumps 2 percent as factory data spurs recovery hope
Oil jumped more than 2 percent Monday, touching a near seven-month high as improving global factory activity bolstered expectations of an economic recovery.
Impact of U.S. antidepressant warnings still felt
Strong warnings by the U.S. Food and Drug Administration about suicide risks linked to antidepressant use in children and young adults have had a
Wall Street jumps as economic data boosts optimism
Stocks rose sharply on Monday as strong economic data bolstered optimism the worst of the global recession was past, even as General Motors filed for bankruptcy and was removed from the Dow industrial index.
The big American gas-guzzler: Down but not out
Even though U.S. pump prices are nearly half the $4 per gallon ($1.06 per liter) levels of a year ago, the legions of American fans of gas-guzzling SUVs and trucks don't have much to celebrate.
General Motors, Citigroup to be removed from Dow
General Motors Corp will be replaced by Cisco Systems Inc in the Dow Jones Industrial Average and Citigroup Inc will be replaced by Travelers Companies Inc , Dow Jones Indexes said on Monday.
Fewer Americans following a healthy lifestyle
The number of middle-aged and older Americans who eat right, exercise and keep their weight down has declined substantially in the past two decades, a new study finds.
GM enters bankruptcy, expects to re-emerge in 3 months
General Motors Corp., which filed for for court protection under U.S. bankruptcy laws today, said it expects to spend up to three months in bankruptcy before re-emerging as a smaller, leaner company.
Geithner tells China its dollar assets are safe
U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency.