Northern Rock comes onto government accounts
The Office of National Statistics (ONS) has said that Northern Rock will now be classified as part of the public sector as a public financial corporation for statistical purposes.
Japan Stocks Dip
Japanese stocks slumped into negative territory after data showed machinery orders fell more than three times faster than expected in December.
Google Launches Online Apps for Enterprise
On Thursday, Google expanded its free software suite, called Google Apps, to the enterprise market, allowing co-workers to collaborate on documents, calendars or presentations and to chat via instant messaging.
Wheat Prices Increase on Concerns of Depleted Supply of the Grain
Wheat posted gains on Thursday after millers and overseas importers encountered shortage of spring grain, used to make bread, pasta and other staple foods.
GPS Prices to Drop, become more prolific
Global positioning systems (GPS) typically found in military gear or in pricey consumer electronics may find make its way into common, everyday gadgets thanks to new breakthroughs.
Natural Gas Gains as Supplies Fall Higher than Forecasted
Natural gas gained on Thursday after a government report showed that U.S. supplies declined more than forecasted.
Atlantis Space Shuttle Launched, Mission Accomplished
Atlantis space shuttle was launched on Thursday from its seaside Florida launch pad, at about 2:45 p.m., making the mission successful after a two failed attempts last year in December and uncertainty of the weather before the launch that would have halted the mission for the third time.
Nintendo Wii Gains Japan Market, Other Companies Close
Nintendo Wii games continued to strengthen their competitive advantage in the international market, with the latest success being in Japan where several game companies were outcompeted.
January Retail Worst in 4 Decades
January retail sales were the worst in nearly four decades, adding further tension to a stumbling economy, according to Nordstrom Inc.
Platinum Hits New Record, Gold Soars on Supply Shortages
Platinum futures hit a historic high for the sixth consecutive day, while gold also posted strong gains as continued concerns over supply shortages from South Africa boosted investors appeal for the precious metals.
Atlantis Space Shuttle Ready for Launch, but is the Weather?
The Atlantis space shuttle is set for launching later today after NASA announced it had finished all the preparations for the mission to deliver Europe's first permanent space laboratory to the International Space Station.
Gold Edge Higher on BOE Rate Cut
Gold futures edged higher on Thursday, trading $912 an ounce, on speculation that central banks will mimic the U.S. by cut borrowing rates which boosted the appeal of the precious metal.
Romney Steps Aside, Endorses McCain
Former Massachusetts governor Mitt Romney ended his campaign for the Republican presidential nomination on Thursday, endorsing rival Sen. John McCain, saying it was in the best interest of his party and the nation to do so.
Stocks Waver on Cisco Outlook, Home Sales Dip
Stocks were slightly lower Thursday in mid-day trading after a volatile morning as investors worried over a lower outlook at networking equipment maker Cisco systems and a new report showed a further drop in home sales.
Aviva sales up 25% in 2007
Aviva Plc has reported growth of 25 per cent in sales for the whole year 2007, worth £38,583 million, thanks to strong growth in North America and Asia. The group has also said it is positive of sales and profit growth in 2008.
Tesco employees share £175 million payout
Tesco Plc has announced that it will be giving it's largest ever share payout of £175 million, to 51,000 of it's employees who are part of its Save As You Earn share scheme which allows Tesco employees to buy shares in the company at a discounted price.
Euro slides after Trichet's growth comments
The euro declined to two-week lows versus the dollar on Thursday after European Central Bank President Jean-Claude Trichet said euro zone growth risks are to the downside, signaling lower interest rates this year.
McDonald's Japan surges in 2007, predicts good '08
McDonald's Japan, the nation's biggest fast-food chain, posted a five-fold increase in annual net profit on Thursday and predicted further growth as it opens new stores and refreshes its menu.
ArcelorMittal to invest $20 bln in India over 10yrs
ArcelorMittal, the world's top steelmaker, will invest $20 billion over the next 10 years to build two steel plants in India and is in talks for iron ore mines, a senior official said on Thursday.
Japan arcade firm stung by success of Nintendo Wii
Shares in Japanese toy and amusement arcade firm Namco Bandai Holdings fell for a second day on Thursday after it issued a shock downward revision to its earnings outlook and said it would close 50 to 60 arcades, about one-fifth of the total.
Europe Rates Steady, UK Drops on Inflation Pressure
The European Central Bank kept its key interest rate steady on Thursday but the Bank of England reduced rates for the second straight month, citing inflation pressure in line with analyst expectations.
Fed wrestles with growth and inflation worries
Federal Reserve officials on Wednesday expressed concern about a possible U.S. recession but warned that the central bank cannot let down its guard when it comes to fighting inflation. Right now, we're concerned about growth, Richmond Federal Reserve Bank President Jeffrey Lacker said.
Apple Shares Fall as Production Slashed
Shares of Apple slid over 5 percent on Wednesday on reports that the consumer electronic maker was cutting production of its handheld devices and notebook computers.
Microsoft Could Raise Bid for Yahoo
Shares of Yahoo are trading at a nearly 7 percent discount to Microsoft's bid offer, but some analysts are contending that the world's largest software maker may raise the stakes to capture one of the Web's most recognizes brands.
The Time Warner and AOL Breakup
Time Warner CEO told investors on a conference call on Wednesday that the company will split off AOL Internet-access service and eliminate 100 jobs.
Apple Slashes Production, Shares Fall
Shares of Apple slid over 5 percent on Wednesday on reports that the consumer electronic maker was cutting production of its handheld devices and notebook computers.
Google to Fight Baidu for Chinese Internet Market
Google Inc may partner with another Chinese company in an effort to capture the Chinese market after two years of operation in the region with stiff competition from Baidu.com Inc which leads the market and provides free, unlicensed music downloads.
Copper Rises as London Inventories Data Slump
Copper futures climbed on Wednesday as supplies of the red metal stored in London Metal Exchange warehouses fell.
Platinum, Gold Rise On Investor Demand and SA Power Cuts
Platinum futures scaled a record high above $1,819 an ounce early Wednesday on continued concerns over supplies from top producer South Africa after the country started experiencing power cuts which have hindered mining operations. Gold also rose on investor demand.
Crude Oil Declines as Inventories Report Shows Big Gains
Crude oil declined more than $1 on Wednesday after weekly inventories surpassed forecasted gains, increasing worries of a slump in demand.