Baidu Tech Tumble to Spark Bubble Burst?
Technology stocks tumbled on Thursday as a sell-off in shares of Chinese Internet company Baidu.com fuelled concerns that the recent tech rally may be coming to an abrupt end.
Solid Retail Calms Recession Angst
U.S. retail sales rose solidly in September while a key inflation gauge remained muted, data on Friday showed, suggesting the economy retained some buoyancy despite a weakening housing sector. With consumers flexing their spending power, the latest batch of data paints a less gloomy picture of an economy that is slowing, but not stalling.
Good Times for Japan Car Makers, but Not at Home
Japanese firms have done very well in the U.S., Europe and beyond but on their home turf, they find a shrinking and uninvolved market.
Nokia slashes hit phone price ahead of Christmas
Nokia slashed this week around 15 percent off from the price of its 3G phone model E65, one of the top sales and profit generators for the world's largest cellphone maker, market data showed on Friday.
Oracle makes bid for BEA Systems
Oracle Corp on Friday said it offered to buy BEA Systems Inc for about $6.66 billion, its latest effort to up the ante against Microsoft Corp. and Germany's SAP in the fiercely competitive market for business software.
GE profit jumps on equipment demand
General Electric Co said on Friday that third-quarter profit rose 13.8 percent, matching expectations, boosted by demand for heavy equipment like gas turbines and jet engines and strength at its financial units. The conglomerate said earnings increased to $5.54 billion, or 54 cents per diluted share, from $4.87 billion, or 47 cents per diluted share, a year earlier.
U.S. futures drop on data caution
Stock futures fell on Friday, weighed down by caution before key economic reports and news that Deutsche Bank had slashed its rating on shares of Dow component Citigroup Inc.
Oil moves above $83 on political tensions
Oil moved back above $83 a barrel on Friday, within sight of all-time highs, on mounting tensions between Turkey and northern Iraq.
Gore shares Nobel win with U.N. climate panel
They won the prize for their part in galvanizing international action against global warming before it 'moves beyond man's control'.
Citigroup shakes up management
Citigroup Inc, which last week forecast 60 percent declines in third-quarter earnings amid bad debt losses, said it was promoting Vikram Pandit to head banking, markets, and alternative investments, and that trading head Thomas Maheras was leaving.
U.S. stocks decline, led by losses in technology shares
U.S. stocks fell on Thursday, led by a retreat in the technology heavy Nasdaq index after a report on Chinese search engine Baidu.com (NASDAQ: BIDU) predicted lower revenue for the firm, triggering a broader sell off in the Tech sector.
Wheat Prices Hit Daily Max
Wheat surged the most in 5 weeks as investors bet the USDA would cut its estimate on worldwide supplies of grain on high demand and poor harvest.
U.S. economy shows signs of resilience
The U.S. trade gap shrank in August on record exports and claims for jobless benefits fell last week, according to government data on Thursday that showed the economy retaining some vigor despite housing market ills.
Gold and Platinum Hits Record Highs on Ailing Dollar
Gold rose to the highest price since 1980 as the ailing U.S dollar boosts the appeal of precious metals, while platinum set a record high in London aided by the rising bullion and concerns on over supply.
Oil Approaches Record Highs
Oil approached record highs on Thursday, surpassing $83 a barrel an unexpected decline in U.S. inventories stoked concerns about supplies in the world's top consumer ahead of winter.
Nasdaq leads market's drop on Baidu.com note
Stocks sank on Thursday, led by a drop of more than 1 percent in the Nasdaq, as a downbeat brokerage comment on Chinese Internet company Baidu.com Inc. unnerved investors after record highs earlier in the day.
Sony Financial Shares Continue to Rise after Record IPO
Tokyo-Sony Financial Holdings Inc. raised 348 billion yen ($2.9B) in its initial public offering on the Tokyo Stock Exchange this Thursday.
Gold hits 28-year peak
A sickly dollar and firming oil prices swept gold to 28-year highs on Thursday, while platinum was set in London at a record high of $1,407 per ounce, aided by rising bullion prices and worries over supply.
Oil jumps close to record on supply worries
Oil rose sharply to $83 a barrel on Thursday, within striking distance of an all-time high, after a surprise drawdown in U.S. crude and distillate stocks.
Indiana Jones tops list of most anticipated movies
The next Batman and Chronicles of Narnia films are also among the top 5 awaited movies of 2008.
Ford, UAW may reach deal fairly quickly: analysts
Ford Motor Co, considered the weakest of the three U.S.-based automakers, could agree on a new contract with the United Auto Workers union fairly quickly and without the strikes that marked negotiations with General Motors Corp and Chrysler LLC, analysts said on Thursday.
Market dips, led by Nasdaq after recent rally
Stocks declined on Thursday, led by losses in the Nasdaq as investors took profits after recent sharp gains.
Beijing opens new subway line and lowers the price
Beijing opened a new subway line this week allowing citizens to travel around the city with greater ease, and also lowered the ticket prices across its whole system.
Microsoft appoints COO in China
Eugenio Beaufrand was newly appointed as the chief operating officer of Microsoft Greater China Region(MGCR),the software giant announced earlier this week.
Nine banks to buy stake in Thomson's TradeWeb
Nine banks have agreed to pay $180 million for a minority stake in Thomson Corp's TradeWeb bond trading platform, and will invest an additional $100 million in a bid to expand the service they sold in 2004.
N. Rock's BoE loans seen near 12.9 bln stg: data
Stricken British mortgage lender Northern Rock may have borrowed a further 2.3 billion pounds ($4.7 billion) from the Bank of England in the past week, according to BoE data, down from 2.9 billion the previous week.
Countrywide lending slides, cuts nearly 5,000 jobs
Countrywide Financial Corp funded 44.3 percent fewer mortgage loans in September as it eliminated nearly 5,000 jobs to cope with lower lending volume and increasing delinquencies and defaults, the company said on Thursday.
Adobe says Acrobat, Reader vulnerable to hacks
Adobe Systems Inc, whose software is used by millions of people to read documents sent over the Internet, said on Wednesday some of its programs contain yet-to-be-fixed flaws that make computers vulnerable to attack.
Satellite helps small phone companies get into TV
Derrick Bulawa, who runs a small phone company in North Dakota, was getting worried as he began to lose some of his 6,000 subscribers to cable companies offering bundled TV, Internet and phone services.
Companies altering virtual world strategies
When Cisco Systems decided to enter the Second Life virtual world, things didn't turn out exactly as the network equipment supplier expected.