BRIC countries to meet ahead of G20: source
Finance ministers and central bankers from Brazil, Russia, India and China will convene ahead of the Group of 20 finance chiefs' meeting in London on Friday, a Russian delegation source told Reuters on Thursday.
Pessimism too high, time to buy: Mobius
Veteran fund manager Mark Mobius sees a potential 20 percent rise in emerging market stocks in 2009 and views extreme investor pessimism as a signal to gradually start buying equities.
Nortel in talks to break itself up: report
Ailing telecom equipment maker Nortel Networks Corp, which filed for bankruptcy protection earlier this year, is looking to break itself up by selling off major divisions, the Globe and Mail reported on Thursday.
Stock futures point to drop; retail sales eyed
U.S. stock index futures pointed to a lower open on Wall Street on Thursday, on rekindled fears over the global economic outlook and the stability of the financial system.
Asian shares retreat as rally proves fleeting
Japanese shares fell more than 2 percent on Thursday and other Asian markets were on the defensive as confidence in a rally this week proved fleeting in light of a shaky global economy and financial system.
Google turns voicemail into email
Google Inc is seeking to blur the line between the telephone and the computer even further with the introduction of Google Voice on Thursday.
Roche wins Genentech with raised $46.8 billion offer
Roche Holding AG has struck a deal with Genentech Inc to acquire all outstanding shares in the U.S. biotech group for $46.8 billion, the Swiss drugmaker said on Thursday.
Roche agrees to buy Genentech for $46.8 billion
Roche Holding AG has struck a deal with Genentech Inc to acquire all outstanding shares in the U.S. biotech group for $46.8 billion, the Swiss drugmaker said on Thursday.
World economy seen shrinking as G20 meeting looms
The global economy may shrink 1-2 percent this year, World Bank President Robert Zoellick said, as revised Japanese data confirmed the world's No. 2 economy suffered its deepest slump since the oil shock of 1974.
Google turns voicemail to email
Google Inc is seeking to blur the line between the telephone and the computer even further with the introduction of Google Voice on Thursday.
Stage set for Madoff plea in New York court drama
Bernard Madoff, accused of running the biggest fraud in Wall Street history, is expected to plead guilty on Thursday in what is shaping up to be a courtroom drama featuring denunciations by investors and a renewed push by prosecutors to jail him immediately.
Wall Street Salaries May Rise as Bonuses Drop: report
Base salaries on Wall Street may double as a result of the public backlash over excessive bonuses, according to a report.
Global economy to drop between 1 and 2 pct in 2009: World Bank chief
Global economic output is likely to fall between 1 and 2 percent in 2009, the World Bank President said on Wednesday.
World's billionaires fall by 30 pct: Forbes
The total number of billionaires in the world fell 30 percent in the past year to 793 people, according to Forbes.
UBS says earnings to ‘remain at risk’ for some time
Swiss bank UBS said on Tuesday its earnings will remain at risk for some time to come as its balance sheet remains exposed to illiquid and volatile markets.
Japan mired in recession, no sign of quick recovery
Japan's economy posted its sharpest contraction since the oil crisis of 1974 in the final three months of last year, revised government data showed, and economists saw little signs of an early rebound.
Receiver won't release Stanford client names
The court-appointed receiver overseeing Texas billionaire Allen Stanford's financial empire will keep the names of investors confidential, a relief to Latin Americans who fear they could be targeted by criminals, a lawyer said on Wednesday.
Madoff mysteries remain as he nears guilty plea
Bernard Madoff is set to admit he orchestrated Wall Street's largest fraud on Thursday, but there are still big questions about the case, including whether anyone else will face criminal charges.
eBay zeroes in on PayPal in much-needed overhaul
EBay Inc, fending off worries that its best days are over, hopes to transform itself by galvanizing growth at its PayPal payments system and jump-starting its lagging core business, top executives said on Wednesday.
Egyptian Ferry owner sentenced
On March 11, an Egyptian ferry owner that sank in the Red Sea in 2006 was sentenced by a Cairo court to 7 years in jail.
FDIC says U.S. toxic asset plan means taxpayer profits
A U.S. government plan for a public-private investment fund to buy distressed assets to help clean up banks' balance sheets is likely to generate a healthy profit for taxpayers and investors, the head of the Federal Deposit Insurance Corp said on Wednesday.
ebay projects $12bln revenue
Online auctioneer, eBay Inc, said Wednesday its long-term growth outlook would boost through its PayPal global online payments system business and its core marketplace business.
Wall Street stocks continue rise with Citigroup in the lead
On Wednesday U.S. stocks continued their rise after being boosted by banks renewing investor hopes in the financial sector.
World's richest not so rich, Gates regains top spot
Microsoft Corp founder Bill Gates is the richest man again, overtaking investor Warren Buffett, as the global financial meltdown wiped out $2 trillion from the net worth of the world's billionaires, Forbes Magazine said on Wednesday.
Toyota captures 75 pct of US hybrid share
Toyota Motor Corp. said on Wednesday that Toyota hybrid and Lexus brands in the US will top 1.7 million sales globally through January of this year.
Freddie Mac posts $23.9 billion loss, needs capital
Freddie Mac, one of the two main U.S. mortgage companies that the U.S. government is depending on to help stabilize the housing market, said on Wednesday it needs $30.8 billion from the Treasury to survive after a massive fourth-quarter loss.
Merrill may have misled Congress on bonuses: Cuomo
Merrill Lynch & Co may have misled Congress in representing last November that it planned to pay out bonuses at year end, when in fact it decided to accelerate those payouts, New York Attorney General Andrew Cuomo said on Wednesday.
AMD sells 50 millionth chip
Advanced Micro Devices, Inc. sold its 50 millionth ATI graphics processor for the Wii game console on Wednesday.
JPMorgan CEO sees 'modest signs' of recovery
JPMorgan Chase & Co Chief Executive Jamie Dimon said on Wednesday he sees modest signs of an economic recovery and endorsed a plan to create a U.S. systemic risk regulator.
Microsoft Open Windows Marketplace for Mobile developers
Today, Microsoft Corp. announced new operational details of the Windows Marketplace for users of mobile devices where developers build and sell applications.