Oil falls towards $44 as global demand dwindles
Oil fell by more than a dollar toward $44 a barrel on Wednesday as further evidence of a large drop in global crude demand emerged.
Toshiba shares jump as report of profit surprises
Shares of Japan's Toshiba Corp gained 9.5 percent after a newspaper reported it would likely see an operating profit of about $1 billion next business year, in sharp contrast with analyst estimates for a loss.
AT&T to spend $565 million over 10 years to replace cars
AT&T Inc will spend $565 million within 10 years to replace or buy about 15,000 vehicles in its corporate fleet with cars and other vehicles that run on alternative fuels, the company said on Wednesday
Greenspan says Fed didn't cause the housing bubble: report
Former U.S. Federal Reserve Chairman Alan Greenspan said lower rates on long-term, fixed-rate mortgages and not the Federal Reserve's policies are to blame for the U.S. housing bubble.
Neiman Marcus posts loss
Upscale retailer Neiman Marcus posted a quarterly loss on Wednesday, as sales suffered through the holiday season at the hands of frugal U.S. consumers.
Staples posts weak profit
Staples Inc posted a 14 percent fall in quarterly profit, hurt by weak sales of furniture and computers, and said it will not give outlook for 2009 due to uncertain economic conditions.
U.S. consumers say better times a year away
Nearly a third of U.S. consumers feel it will be a year before their families are better off than they are today, and more than a quarter think it will take longer, according to a retail survey on behalf of Reuters.
Bank stabilization hope to lift stocks at open
Stocks headed for a higher open on Wednesday, with financials set to lead another climb as investors bet Washington will soon restore confidence in banks by relieving them of money-losing assets.
Smartphone sales to jump in 2009: Gartner
Sales of smartphones will jump 28 percent in 2009 after growth slowed to just 3.7 percent in the fourth quarter due to weakening economies and lack of attractive new models, according to research firm Gartner.
Stocks set to rise on bank stabilization bets
Stock index futures rose on Wednesday, signaling Wall Street will extend Tuesday's strong advance on bets Washington will act soon to restore confidence in banks by relieving them of money-losing assets.
Pearson partners with language website Livemocha
Pearson, the world's largest educational publisher, plans to co-develop a conversational English language-learning service for consumers with fast-growing online language community Livemocha.
U.S. consumers feel won't be better off until '10: poll
Nearly a third of U.S. consumers feel it will be a year before their families are better off than they are today, and more than a quarter think it will take longer, according to a retail survey on behalf of Reuters.
Stocks set to edge up after surge on Tuesday
Stocks are set to edge up further on Wednesday, building on the gains made in the previous session when they posted the biggest rise in four months.
U.S. shares set to edge up after surge on Tuesday
U.S. shares are set to edge up further on Wednesday, building on the gains made in the previous session when they posted the biggest rise in four months.
UBS warning shakes equities, day after big gains
Banking worries shot back into equity markets on Wednesday after leading European bank UBS said it saw its earnings at risk for some time, weighing on investors a day after many had their best day since December.
Apple orders 10-inch touchscreens for third quarter: source
Apple will take third-quarter delivery of newly developed 10-inch touchscreens from Taiwan, a source said on Wednesday, amid talk the U.S. firm is developing a touchscreen PC.
China exports slump; IMF warns on toxic banks
A drop in Chinese exports and falling prices in Japan and Germany underscored the weakness of the world economy, while the IMF said governments are moving too slowly to rid banks of their toxic assets.
Citi hopes boost Asia stocks but China gloomy
Asia stocks rose on Wednesday after hopes Citigroup will deliver a first-quarter profit sparked an improvement in investor confidence, though grim Chinese export data sent dealers buying the U.S. dollar for safety.
Apple orders touchscreens for third quarter: source
Apple will take third-quarter delivery of newly developed 10-inch touchscreens from Taiwan, a source said on Wednesday, amid talk the U.S. firm is developing a touchscreen PC.
China exports slump; Citi cheers investors
China's exports tumbled in February and Japan's wholesale prices fell by the most in six years, stark illustrations of a bleak world economy even as Citigroup boosted investor confidence in the banking sector.
Apple orders touchscreens for Q3: source
Apple Inc. will take third-quarter delivery of newly developed 10-inch touchscreens from Taiwan, a source said on Wednesday, amid talk the U.S. firm is developing a touch-screen PC.
Apple orders touchscreens for Q3 amid new PC talk: source
Apple Inc. will take third-quarter delivery of newly developed 10-inch touchscreens from Taiwan, a source said on Wednesday, amid talk the U.S. firm is developing a touch-screen PC.
Citi hopes support Asia stocks but China weighs
Asia stocks rose on Wednesday after hopes Citigroup will deliver a first-quarter profit sparked an improvement in investor confidence, though grim Chinese export data sent dealers buying the U.S. dollar for safety.
Citigroup cheers markets but economies still bleak
Citigroup said it was profitable in the first two months of 2009 and Toshiba was reported to be set for an operating profit of $1 billion next year, two rare shards of corporate news to lift markets.
Global stocks rally on Citi memo
The U.S. dollar slipped and world stocks rallied in their biggest single-day gain in three months on Tuesday after a Citigroup memo saying the troubled bank made a profit in January and February fuelled the appetite for risk.
Palestinian rivals talk on power-sharing
On Tuesday talks between rival Palestinian factions opened with the aim of reaching a power-sharing agreement.
DISA and Verizon enter into $2.5 Billion deal
On March 10 Verizon Business announced it will provide network and data services at U.S. Department of Defense installations around the world under a new contract awarded by the Defense Information Systems Agency (DISA).
Kodak's Digital Solutions Offers Support Security for Government
During this week FOSE 2009 in Washington, Kodak demonstrates Digital Solutions to improve efficiency, reliability and security of information for government.
Microchip Technology inventory rises, sales down
Microchip Technology Inc, leading provider of microcontroller and analog semiconductors, saw significant increases in inventory during Q3 and 2009 Q4 net sales are expected to be down 8 to 12%.
Hitachi raises revenue via rights issue
The Leading global electronics, Hitachi Ltd. said Tuesday, Hitachi Koki Co Ltd will be Hitachi’s consolidated subsidiary as common stocks with shares of 12,473,000 to be purchase, by obtaining a majority of voting rights.