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.
Iraq war has claimed 4,256 US soldiers’ lives
On March 10, the total number of U.S. soldier deaths stood at 4,256 who died since the Iraq war began the same month six years ago according to an Associated Press count.
Sudan’s U.S. embassy urges Americans to leave
On Tuesday the U.S. Embassy in Sudan authorized nonessential staff and family to leave the country, citing that protests against the International Criminal Court's indictment of the Sudanese president could increase the danger of anti-Western violence.
Microsoft Business Solutions: Offers no additional charge
Today in Convergence 2009 in New Orleans, Microsoft Business Solutions unveiled a set of technological innovations and pricing discounts that will further drive customer return on investment.
Intel Science Talent Search Reach President Obama
Backed by chip-maker Intel, 40 young men and women chosen as 'Intel Science Talent Search 2009' finalists met with President Obama.
Czech Republic
A historic jewel hidden away at the heart of Europe, the Czech Republic packs a lot of punch for such a small country. No bigger than Scotland...
Uptick rule eyed, Fed chief backs accounting tweak
U.S. Regulators will consider reviving the uptick restriction on short-sellers of stocks and a top monetary official lent his support on Tuesday to modifying an accounting rule that has forced banks to take billions of dollars in writedowns.
Madoff faces life in prison on 11 criminal charges
Bernard Madoff, accused of an unprecedented $50 billion financial swindle, was charged on Tuesday with 11 criminal counts that could put him in prison for the rest of his life.
Telecom firms eager to help U.S. spend $7.2 billion
Lobbyists, telecommunications industry officials and others crowded into a public meeting on Tuesday to influence the government's $7.2 billion grant program for high-speed Internet expansion.
Bernanke says G20 should guide regulatory revamp
Federal Reserve Chairman Ben Bernanke on Tuesday said leaders from the Group of 20 rich and developing economies should agree early next month on principles to guide nations as they revamp financial rules to prevent future crises.
Citi's profit view, uptick talk drive big rally
U.S. stocks posted their best day in four months on Tuesday after Citigroup said it was profitable in the first two months of 2009.
U.S.-China spat raises tension
The United States accused China on Tuesday of adopting a more aggressive military stance as a naval confrontation sparked anger in Beijing and raised tensions ahead of a U.S. visit by China's foreign minister.
Ship Hijack victims at risk while owners dispute who pays ransom
On March 10, an Insurance executive in Korea told nearly 100 ship owners they are exposing their crews to risk as they struggle to pay escalating ransom demands.
Wall Street rallies on Citigroup's view and uptick talk
U.S. stocks posted their best day in four months on Tuesday after Citigroup said it was profitable in the first two months of 2009.
Citigroup's Pandit says bank profitable, shares soar
Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the bank's survival prospects and sending its shares up 38.1 percent.
Madoff charged with 11 counts, faces life in prison
Bernard Madoff, accused mastermind of a $50 billion financial fraud, is expected to plead guilty on Thursday to 11 criminal charges that could put him in jail for the rest of his life.
U.S. mortgage policy draws ire from bond investors
U.S. mortgage bond investors are crying foul as federal policy responses to the worst housing crisis since the 1930s threaten to cripple their tenuous positions.
Madoff waives indictment, to plead guilty
There was a fair expectation that accused swindler Bernard Madoff will plead guilty on Thursday to criminal charges in Wall Street's biggest fraud, his lawyer said in court on Tuesday.
AT&T sets '09 budget cuts, to add some jobs
AT&T Inc on Tuesday said it would invest $17 billion to $18 billion through capital spending in 2009, in line with its previously announced plan to cut spending by up to about 15 percent.
Oil falls nearly 3 percent on lower demand outlook
Oil fell nearly 3 percent a barrel on Tuesday as the U.S. government revised down its forecast for world oil demand in 2009.
Investors fume at mortgage policy favoring banks
U.S. mortgage bond investors are crying foul as federal policy responses to the worst housing crisis since the 1930s threaten to cripple their tenuous positions.
Uptick rule may return, mark-to-market changes seen
The possible return of the uptick restriction on short-sellers of shares and the prospect of changes in an accounting rule that has forced banks to take billions of dollars in writedowns, sent U.S. shares higher on Tuesday.
Clean tech has record 2008
Solar power, wind and biotech made record money last year and promise excellent results in the future, but first, companies must survive the world financial crisis, a report said on Tuesday.
EPA unveils first emissions reporting plan
The U.S. Environmental Protection Agency on Tuesday proposed a comprehensive U.S. system for reporting emissions of carbon dioxide and other greenhouse gases, a step toward regulating and reducing these emissions.
Bank rally powers Wall Street higher
Stocks rallied strongly on Tuesday after Citigroup said it was profitable in the first two months of 2009 and a key lawmaker said he expects the reinstatement of a rule that hinders bets a stock will fall.