U.S. plans major Afghan police boost: Holbrooke
President Barack Obama plans a significant increase in the size of the Afghan police force, U.S. special representative for Afghanistan and Pakistan Richard Holbrooke said on Saturday.
Paris prosecutor looking at BNP over Madoff: report
The Paris prosecutor's office has launched a preliminary investigation to see if BNP Paribas provided misleading information about investments in a fund buying Madoff-related products, a newspaper said on Saturday.
Treasury has three-part plan for toxic assets
The U.S. Treasury Department is likely to unveil as soon as next week a three-part plan to relieve the U.S. financial system of the toxic assets that have been clogging up the banks' balance sheets, a source familiar with the plan said on Saturday.
Xbox 360 sales up 53% in February, ahead of Sony PlayStation
Sales of Microsoft's Xbox 260s in the U.S. in February was up 53 percent from the same month last year, giving the company its biggest non-holiday sales month sales apart from September 2007 when Halo 3 was launched, according NPD Group research firm.
Ballmer questions the validity of Mac’s price tag
Microsoft CEO Steve Ballmer appeared to have added more fire to the an already flaming rivalry between the difference of Mac and a PC.
AIG bonus payments $218 million
Documents turned over to the Connecticut attorney general show that American International Group Inc paid out over $218 million in bonuses, more than the previously disclosed $165 million, published reports said on Saturday.
Buy-out groups vie for Barclays iShares: sources
Private equity groups Hellman & Friedman, Bain Capital and TPG have each shown interest in the iShares unit from British bank Barclays , sources familiar with the situation said.
Germany is talking to possible Opel bidders: economy minister
German Economy Minister Karl-Theodor zu Guttenberg said on Saturday he was talking to potential investors in troubled German carmaker Opel, rejecting a media report saying there was not yet any serious bidder.
Global economy to shrink in 2009: World Bank
The global economy is set to shrink by one to two percent this year, World Bank President Robert Zoellick said on Saturday, saying the depth of the slowdown was unprecedented since the 1930s Great Depression.
Metallica welcomes new ‘Guitar Hero’ fans
AUSTIN, Texas - Signing on for a Guitar Hero game was a no brainer, according to Metallica drummer Lars Ulrich.
China clears Johnson & Johnson baby products after probe
Chinese health authorities said on Saturday that they had found no evidence of cancer-causing chemicals in baby products made by U.S. company Johnson & Johnson.
U.S. bank rescue plan could come on Monday: report
The U.S. government will announce as soon as Monday a long-awaited plan to try to get bad assets off the books of banks, a cornerstone of its efforts to tackle the credit crisis, The Wall Street Journal reported.
U.S. close to announcing bank rescue plan: report
The U.S. government will announce as soon as Monday a long-awaited plan to try to get bad assets off the books of banks, a cornerstone of its efforts to tackle the credit crisis, The Wall Street Journal reported.
U.S. seizes top credit union clearing house
U.S. regulators seized control on Friday of U.S. Central Federal Credit Union, a huge wholesale credit union with $34 billion in assets that provides services to nearly every other credit union.
Nacchio freed indefinitely; seeks high court review
A judge in Denver on Friday set aside her previous order that former Qwest Communications International Chief Executive Joseph Nacchio report to prison on Monday after his attorneys petitioned the U.S. Supreme Court to overturn his 2007 insider trading conviction.
Stock investors banking on toxic-asset plan
Wall Street's attempt to recover further from 12-year lows faces its biggest test yet next week in the Treasury's long-delayed bank rescue plan.
Barclays offers to finance iShares purchase: report
British bank Barclays PLC is offering to finance the purchase of its iShares fund unit, the Wall Street Journal reported on Friday, citing sources.
BofA's Lewis calls bonus tax unfair: memo
Proposed legislation to tax 90 percent of bonuses at companies receiving more than $5 billion in government funds is unfair, Bank of America Corp Chief Executive Kenneth Lewis said in a memo to employees on Friday.
GM bondholders appeal to break impasse in talks
Advisers representing General Motors Corp bondholders on Friday issued an appeal to the automaker and U.S. officials to break an impasse in a crucial round of debt restructuring talks.
Verizon Wireless No.1 in quality study
Verizon Wireless is the U.S. network that has received fewer complaints from its subscribers, according to J.D. Power and Associates.
GM bondholders appeal for new approach in talks
Advisers representing General Motors Corp bondholders on Friday issued an appeal to the automaker and U.S. officials to break an impasse in a crucial round of debt restructuring talks.
Citi’s Pandit warns of 'setback' if bonus tax passes
Citigroup’s chief executive tried to reassure employees about compensation a day after House legislators passed a bill to claw back bonuses for employees earning more than $250,000 at companies which received more than $5 billion in bailout funds.
Commodity sector faces exodus
An exodus of expertise from the natural resources sector following the collapse in commodities prices mean banks and industry could face a shortage of seasoned professionals when demand eventually recovers.
Have high-powered computers saved Sun?
Sun Microsystems Inc, the darling of the dot-com boom, never really recovered from the bet it made on high-powered computers used to run the first generation of Internet datacentres.
States anxious as Obama shapes climate policy
U.S. states have spearheaded moves to curb global warming and are not ready to pass the leadership baton to President Barack Obama.
Temperature rise may trigger West Antarctic thaw
The West Antarctic ice sheet may start to collapse if sea temperatures rise by 5 degrees Celsius (9 degrees Fahrenheit), triggering a thaw that would raise world ocean levels by 5 meters (16 ft), U.S. scientists said.
U.S. regulator probing 'rampant Ponzimonium'
Hundreds of people in the United States are under investigation for financial scams, many involving Ponzi schemes, a U.S. regulator said on Friday, calling the phenomenon rampant Ponzimonium.
'Twilight,' 'Quantum' among HD films to appear on iTunes
The iTunes store has begun selling HD movies for the first time, Apple said Thursday.
EU backs stronger IMF, eastern aid lifeline
The European Union on Friday pledged more than $100 billion in new loans to the International Monetary Fund to bail out countries in the global recession and urged the G20 economic powers to help double its funding.
AIG, Countrywide in legal feud over subprime loans
An AIG unit and Countrywide Financial Corp, now part of Bank of America Corp , have sued each other, alleging breach of contract, in a dispute over insurance losses for subprime mortgage loans now in default.