Nokia to shutter its Mosh success story
To spearhead its push into Internet services, Nokia put users in charge when it opened in 2007 the networking site Mosh, which lets people post anything they want.
Wall St. rallies as Fed raises optimism
Stocks leaped on Wednesday after the Federal Reserve surprised Wall Street when it said it will buy long-term Treasury bonds for the first time in four decades in an effort to revive the recession-hit economy.
Oracle results beat forecasts, plans dividend
Business software maker Oracle Corp reported stronger-than-expected quarterly results and said it would pay its first dividend to shareholders,
U.S. inflation rises, trade gap shrinks sharply
U.S. inflation rose in February on higher gasoline and apparel prices, government data showed on Wednesday, indicating some pricing power in the recession-hit economy and easing fears of deflation for now.
B of A, Citigroup soar on hope worst has past
Bank of America Corp and Citigroup Inc shares have roughly tripled from the multi-decade lows of less than a month ago and powered higher on Wednesday on optimism government efforts to stimulate lending might boost stocks after punishing recent declines.
Bat gets a free ride to space on shuttle Discovery
When NASA launched its shuttle Discovery on Sunday night, it didn't go alone into space.
Oil falls on U.S. stock build, China growth concern
Oil fell $1 a barrel on Wednesday after data showed U.S. crude inventories swelled to the highest level in nearly two years and the World Bank cut its 2009 forecast for China's economic growth.
Starbucks CEO says on track to make savings
Starbucks Corp is on track to hit its target of $500 million in cost savings this fiscal year as the world's biggest coffee chain closes stores and sheds staff, its chief executive said at the company's annual shareholder meeting.
Wall St. rallies as Fed spurs optimism
Stocks shot higher on Wednesday in a brisk rally after the Federal Reserve said it will buy long-term U.S. Treasuries in its push to revive the recession-hit economy.
BofA, Citigroup surge on hope worst has passed
Bank of America Corp and Citigroup Inc shares have roughly tripled from multi-decade lows set less than a month ago, and powered higher on Wednesday on speculation their recent punishing declines might have been too severe.
BofA, Citigroup surge on hope worst has past
Bank of America Corp and Citigroup Inc shares have roughly tripled from multi-decade lows set less than a month ago, and powered higher on Wednesday on speculation their recent punishing declines might have been too severe.
Fed to buy long-term U.S. government debt
The U.S. Federal Reserve on Wednesday, in a surprise move, said it will buy up to $300 billion worth of longer-term U.S. government debt over the next six months and expand purchases of mortgage-related debt to help ease credit market conditions.
B of A, Citigroup surge on hope worst has past
Bank of America Corp and Citigroup Inc shares have roughly tripled from multi-decade lows set less than a month ago, and powered higher on Wednesday on speculation their recent punishing declines might have been too severe.
Fed says to buy long-term U.S. government debt
The U.S. Federal Reserve on Wednesday, in a surprise move, said it will buy up to $300 billion worth of longer-term U.S. government debt over the next six months and expand purchases of mortgage-related debt to help ease credit market conditions.
AIG CEO asks employees to repay some bonus money
The head of AIG said on Wednesday he was trying desperately to prevent the company from collapsing when he allowed the payment of $165 million in bonuses that have stoked widespread public outrage.
Unemployment news lowers FTSE 100
On March 18, London stocks lowered following the announcement that unemployment has risen above the two million mark for the first time in over 10 years.
Apple Previews iPhone OS 3.0
Apple announced the availability a new iPhone OS yesterday at its headquarters to registered developers.
Dow dips on report of IBM's bid
The Dow industrials slipped and the S&P 500 was up slightly on Wednesday as news that International Business Machines Corp was in talks to buy Sun Microsystems pulled IBM's stock lower, more than offsetting a rise in financials.
Austrian incest father faces life in prison
On March 18 Josef Fritzel, on trial for imprisoning his daughter for 24 years and fathering her seven children pleaded guilty on all the charges against him, his change in pleas came after his daughter unexpectedly appeared in the courtroom.
Stocks recover as banks rise, oil cuts losses
Stocks pared losses on Wednesday as oil prices trimmed earlier losses and bank stocks advanced following reassuring comments from Bank of America chief executive.
Valero Energy acquires VeraSun ethanol plants
VeraSun Energy Co said Wednesday that Valero Energy emerged as the successful bidder to acquire seven plants from the bankrupt ethanol maker.
IBM in talks to buy Sun Microsystems: sources
IBM is in talks to buy Sun Microsystems Inc, sources with knowledge of the matter said, a move that could bolster the technology giant against rivals in the high-end computer server and software markets.
AIG debacle chills investor interest in bailout plans
The American International Group bonus payment debacle could not have come at a worse time for a U.S. government that desperately needs to attract up to $2 trillion of private capital for its latest efforts to repair a crippled financial system.
Fourteen die in Somali clashes
On March 18, fierce confrontations near the Ethiopian Border between Somali government forces and Islamist rebels left at least fourteen people dead.
Market recovers as banks rise, oil cuts losses
U.S. stocks pared losses on Wednesday as oil prices trimmed earlier losses and bank stocks advanced following reassuring comments from Bank of America chief executive.
AIG CEO defends bonuses; Obama says anger justified
The head of AIG said on Wednesday the cold realities of competition compelled the insurer to pay $165 million in bonuses, but angry lawmakers insisted the money belonged to taxpayers and vowed to get it back.
Sudanese President denounces the West
On March 18 A defiant Sudanese president rallied Arab supporters in Darfur by saying no war crimes court or the U.N. Security Council can touch even an eyelash on him even though an international order for his arrest has been issued.
General Mills profit below view
General Mills Inc posted a lower-than-expected quarterly profit on Wednesday, hurt by the effect of the stronger dollar and high costs, and gave a full-year outlook below Wall Street forecasts, sending its shares down as much as 10 percent to a three-year low.
Oil falls on U.S. stock build, China
Oil fell $1 to $48 a barrel on Wednesday after government data showed U.S. crude supplies swelled to the highest level in nearly two years, and the World Bank cut its forecast for China's economic growth this year.
Maxis commits $10 billion to India mobile unit
Malaysia's Maxis Communications Bhd is investing $10 billion in its Indian unit Aircel to accelerate its expansion in the world's fastest-growing mobile market, and is interested in bidding for 3G spectrum.