Amazon starts videogame trades
Amazon.com said on Thursday that it would allow shoppers to trade-in used videogames for store credit, a move that may challenge a core driver of profitability for game retailer GameStop.
Canon Showcase new PIXMA Professional Photo Printers
Canon announced two new professional photo printers on Wednesday at the Photo Marketing Association exhibit in Las Vegas.
Yahoo Inquisitor Debuts On iPhone
The Yahoo Search Blog announced Thursday that the search startup it acquired last May, called Inquisitor, will be launched as an application on Apple's iPhone.
Total-auction U.S. climate bill unlikely: lawmaker
Any climate bill that passes the Senate is unlikely to adhere to an Obama administration plan that the government auction all of the permits to emit greenhouse gases because it would be too harsh on big industry, a key democratic lawmaker said on Thursday.
ECB cuts interest rates to record low 1.5 pct
The European Central Bank cut interest rates to an all-time low of 1.5 percent on Thursday, keeping up a record pace of reductions as the euro zone economy slides deeper into recession.
U.S. Energy Secretary pledges to fight global warming
U.S. Energy Secretary Steven Chu on Thursday pledged to work with Congress to pass legislation that would impose a cap-and-trade system to curb greenhouse gas emissions and fight global warming.
Abercrombie & Fitch Sales Drops to 30 Pct
Apparel retailer Abercrombie & Fitch Co. announced Thursday that its sales fell from the same month last year.
O'Shaughnessy sees big upside, S&P 500 at 900
U.S. stocks are trading at compelling prices after their plunge to 12-year lows this week and could rally 25 percent by the end of the year, said Jim O'Shaughnessy, a well-known investor on Wall Street.
Wall St. sinks on financials, GM woes
Stocks slid on Thursday, hit by persistent worries about major banks, including Citigroup , and a warning from General Motors about a possible bankruptcy.
Citigroup stock falls below $1 for first time
One dollar could buy a cup of coffee, a pack of chewing gum, or a roll of bathroom tissue.
Millions of U.S. households not ready for HD
With about three months to go, U.S. regulators say some consumers are still unprepared for the television industry switch to digital broadcasting, which will affect Americans who do not receive their signals through cable or satellite.
U.S. officials admit huge regulatory gaps on AIG
U.S. regulators failed to spot how much risk insurer AIG was piling on, and by the time they understood, they had no choice but to pour in tens of billions of public dollars, officials said on Thursday.
CITIC group says Spain's BBVA eager to raise stake
The chairman of Citic Group, China's top financial conglomerate, said on Thursday Spain's second-largest bank, BBVA, has a strong desire to raise its stake in CITIC Bank.
Bank of America sees grave harm from bonus reveal
Bank of America Corp said it could suffer grave harm if it is forced to reveal data about an estimated $3.6 billion of bonuses paid to Merrill Lynch & Co officials in the days before the bank acquired the brokerage.
Ford debt offer could put off day of reckoning
Ford Motor Co's new debt tender marked the latest string of corporate debt restructurings designed to help get the automaker on stronger footing amid a prolonged credit crisis.
U.S. retailers boosted by Wal-Mart in February
U.S. retailers posted better-than-expected February same-store sales on Thursday due to a strong gain at discounter Wal-Mart Stores Inc , which said lower gasoline prices had loosened some household budgets.
GE CFO says no 'time bomb' for finance arm
General Electric Co acknowledged on Thursday that a cut in its top-tier credit rating was possible, but its chief financial officer said there was no time bomb hidden in its hefty finance arm.
Wall St slides on GM worries, banks
U.S. stocks extended declines on Thursday, hurt by a warning from General Motors about possible bankruptcy and persistent uncertainty about the fate of major banks.
One in 8 U.S. homeowners late paying or in foreclosure
About one in eight U.S. homeowners with mortgages, a record share, ended 2008 behind on their loan payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.
Intel develops world's first embedded antenna balanced for Digital TV
Intel announced the creation of a new type of TV antenna which the company claims to be the world's first embedded balanced antenna for Digital TV on a Laptop.
Market slides on GM worries, financials
U.S. stocks slid on Thursday, hit by a warning from General Motors about possible bankruptcy and persistent worries about major banks.
Intel Atom running on GENIVI Platform
GENIVI Automotive manufacturers and suppliers use a proven automotive prototype running on Intel® Atom™ processor for GENEVI platform.
Fed Vice Chairman’s Testimony on AIG Rescue: Full Text
The following are prepared remarks concerning the Federal Reserve’s role in rescuing insurance giant American International Group, Inc. They were made by Federal Reserve Vice Chairman Donald. L. Kohn before a U.S. senate committee in Washington on March 5, 2009.
Barnes & Noble buys e-book seller for $15.7 mln
Barnes & Noble Inc, the world's largest bookseller, said it acquired e-book seller Fictionwise for $15.7 million in cash, to expand its presence in digital world.
GM auditors raise doubt on viability
General Motors Corp on Thursday said its auditors had raised substantial doubt about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash.
Pepsi introduces drinks with natural sugar
PepsiCo is launching three new beverages, all sweetened with natural sugar instead of corn syrup, in a bid to widen its appeal in upscale stores and revive nostalgia for its brands.
Union group seeks Bank of America CEO ouster
A group that works with union-affiliated pension funds called for the ouster of Bank of America Corp Chairman and CEO Kenneth Lewis, citing the bank's falling stock price and damage from its acquisition of Merrill Lynch & Co.
U.S. officials offer mea culpa on AIG, defend actions
U.S. regulators failed to spot how much risk insurer AIG was piling on, and by the time they understood, they had no choice but to pour in tens of billions of taxpayer dollars, officials said on Thursday.
Palm Twitter: Palm Pre Not Delayed
Rumors began to spread on the blogosphere that Palm was delaying the launch of its Palm Pre, prompting Palm to set the record straight on Twitter.
U.S. productivity plummets, factory orders fall
U.S. business productivity fell in the fourth quarter as output plunged at its fastest pace since 1982, while one in eight U.S. households ended 2008 behind on its mortgage or in foreclosure, according to data on Thursday that underscored the economy's weakness.