Nokia Siemens says reassured buyers after Q2 nerves
Nokia Siemens Networks (NSN) said on Monday it had reassured customers over the merger that created the telecom equipment maker, after uncertainty dented sales in the second quarter.
TV industry waits, frustrated, for next push
The television industry is ready to deliver a host of new ways to experience video from high-definition (HD) TV to Internet and mobile TV but manufacturers are frustrated at a lack of political impetus.
The Simpler Life
TVs usually dominate Europe's largest consumer electronics show but many gadgets in Berlin this week aim to make life simple and more beautiful too.
Reports of plasma's demise premature, makers say
Plasma television technology has a bright future despite an onslaught on its home turf from rival LCD (liquid crystal display) TVs, makers of plasma screens told Reuters at the IFA consumer electronics fair in Berlin.
Division over next-generation DVDs deepening
Hollywood studios are becoming deeply divided over which high-definition technology will replace the DVD, increasing prospects that it will be years before next-generation players become standard equipment in U.S. households.
Public indifferent to green overtures at IFA fair
Manufacturers at Europe's biggest consumer electronics touted their green credentials in vain to customers more interested in bigger and brighter screens.
APEC set for world trade, climate change talks
President George W. Bush hopes to spur momentum for a world trade pact and a global target on climate change at this week's APEC summit in Sydney, but host Australia has warned not to expect binding greenhouse targets. The Asia Pacific Economic Co-operation (APEC) summit will draw 21 leaders including Bush.
FTSE ends near 4-week high, Barclays helps
Britain's leading shares rose on Monday in thin volumes as comments by Barclays eased concerns over its financial health, helping to underpin financial stocks.
Small banks seen winning Intesa branch sale-source
Intesa Sanpaolo, Italy's biggest retail bank, is in exclusive talks with a group of small Italian banks in the bidding for nearly 200 outlets, a financial source said on Monday confirming newspaper reports.
Australia's Leighton buys Al Habtoor stake
Australian construction firm Leighton Holdings Ltd said on Monday it will pay about A$870 million ($707 million) for a 45 percent stake in Dubai-based Al Habtoor Engineering as it continues to expand in the lucrative Gulf market.
Holidaying U.S. leaves investors ticking over
World stocks made small gains and currency markets traded in a narrow range on Monday as many investors avoided taking strong positions during the U.S. Labor Day holiday with its accompanying lack of key economic news.
Airbus sees booming Chinese jet demand, A380 orders
European plane-maker Airbus expects Chinese airlines will need up to 150 of its jets over the next five years, including its giant A380s, as Chinese airlines expand to serve a domestic and international travel boom.
Sony PS3 narrows Nintendo Wii sales lead in Japan
Nintendo Co Ltd's video game console Wii outsold Sony Corp's PlayStation 3 by a ratio of three to one in Japan in August, but Nintendo's overwhelming lead in the market narrowed for the second consecutive month.
FDA extends review for Astellas fungal drug new use
U.S. health authorities have extended by three months their review of Astellas Pharma Inc's application for fungal drug Mycamine to be used for additional indications, the company said on Monday.
Sainsbury's Qatar suitor takes $3 billion loan: bankers
State-owned Qatar Investment Authority, which has offered to buy British supermarkets chain J. Sainsbury Plc, has raised a $3 billion loan as a warchest for investments, bankers said on Monday.
Trade diplomats roll sleeves up in new WTO push
Trade diplomats returned to the negotiating table on Monday for practical and business-like talks about the compromises needed to clinch a new global free trade accord this year.
SMIC in talks to buy NEC China JV-sources
China's biggest chipmaker, Semiconductor Manufacturing International Corp, is in advanced talks to acquire Japanese tech giant NEC's China venture to boost scale in the country's competitive chip market, two sources familiar with the situation said on Monday.
Sarkozy sets stamp on French power merger
The planned merger of Gaz de France and Suez to create one of Europe's largest energy groups has once more underlined President Nicolas Sarkozy's determination to keep a firm hold on French industrial policy.
OMX says had record trade volume in August
Exchange owner OMX said on Monday that daily trading on its exchanges reached a new high in August, eclipsing a record set in February of this year.
Qatar's QNB agrees on new Syria bank with partners
Qatar National Bank (QNB) said on Monday it agreed with partners to set up a bank in Syria, the latest Gulf lender interested in entering the country since it opened its banking market to foreigners three years ago.
Germany's IKB restructures, eyes $1 bln net loss
Germany's IKB said on Monday it would return to its small-company lending roots, and expects to lose nearly $1 billion this year after its U.S. subprime investments turned sour.
Barclays boosts shares with charm offensive
Shares in Britain's Barclays Plc, battered over the past two months, rose more than 3 percent on Monday after a weekend charm offensive helped further ease concerns over the bank's financial health.
Iraq still faces hurdles to pass oil law
Iraq's parliament must overcome major disagreements over control of the world's third biggest oil reserves before it can pass a vital oil law to lure billions in foreign investment, Iraqi officials said on Monday.
China, EU reassure on subprime fallout
China said on Monday none of its massive foreign exchange stockpile was invested in the teetering U.S. subprime mortgage sector, while a top EU official predicted the crisis would not choke off economic recovery.
U.S. oil companies monitor Felix, output unharmed
U.S. Gulf of Mexico oil and natural gas producers were monitoring powerful Hurricane Felix as it churned through the Caribbean Sea on Sunday, but none had reported reduced offshore production or evacuated workers to onshore locations.
Tech, drug companies battle over U.S. patent reform
Lawmakers returning from their summer break are expected to consider patent law changes that have pitted two of America's most invention-dependent industries against each other.
Student loan auction proposal stirs opposition
A proposal to test a radical change in the U.S. student loan industry by putting it on the auction block is set to pit Democratic lawmakers against the Bush administration and the banking industry.
European shares up, led by banks, but utilities fall
European share indexes rose on Monday as remarks by executives of Barclays and Deutsche Bank eased fears of losses from the recent credit market turmoil, but utilities fell after news of a big French merger.
Japan stocks slip after data; steel, shippers up
Japanese stocks slid on Monday as investors wary of credit woes sold some financial stocks following Friday's rises, while an unexpected drop in capital spending data put a lid on the overall market.
Dollar steady at start of busy US data week
The dollar steadied versus the euro and yen on Monday at the start of a busy week for U.S. data which should shed light on the extent to which the credit markets turmoil is taking a toll on growth.