AMD’s Orton resigns; ‘mixed feelings’ for ATI’s ex-chief
Advanced Micro Devices said on Tuesday that the former president and chief executive of ATI Technologies, has resigned as executive vice president of AMD, effective the end of July.
Dell’s unveils new small business computers; no ‘trialware’
Dell Inc. (Nasdaq: DELL) unveiled a new line of personal computers aimed at small-businesses on Tuesday as it moves to boost its sales and regain its position as the top computer maker.
TiVo, Amazon to sell movies straight to TV sets
TiVo Inc. on Tuesday said many of its customers can now order pay-per-view movies and television shows from Amazon.com's download service directly from their TV, without a personal computer.
Bernanke: estimates mute price swings
Swings in volatile energy and food prices will have minimal impact on inflation as long as expectations of future price gains are held steady, Federal Reserve Chairman Ben Bernanke said on Tuesday.
Michael Dell says long way to go for turnaround
Dell Inc. has made progress in its turnaround efforts but still has 'a long way to go' to spur personal computer sales and regain lost market share, Chief Executive Michael Dell said on Tuesday.
Unlikely that smaller iPhone replaces iPod Nano soon: Analyst
It’s unlikely that Apple, Inc. is working on a new cheaper version of its iPhone mobile device to replace its iPod Nano music players soon, said one analyst Wednesday.
Oil nears another 11-month high above $76
Oil neared another 11-month high on Tuesday, extending nine days of gains that have lifted crude by $6 to within striking distance of its record above $78.
Ford to boost Russia output, launch Mondeo
Ford Motor Co. said on Tuesday it would boost output in Russia to 125,000 cars per year by 2009 from 72,000 as it seeks to satisfy booming demand in Europe's fastest growing major car market.
Dutch court to rule on ABN's LaSalle
The Dutch Supreme Court will issue its ruling on ABN AMRO's suspended sale of its U.S. unit LaSalle on Friday and the decision could sway an acrimonious takeover battle for the Dutch bank.
Home Depot cuts outlook, cites housing
Home improvement retailer Home Depot cut its 2007 earnings outlook on Tuesday, citing weakness in the U.S. housing market and said it was launching a tender offer for 250 million shares.
BHP seeks partner for Alcoa bid: report
BHP Billiton Ltd/Plc, the world's biggest miner, is in talks with private equity firms to team up for a possible $40 billion bid for U.S. aluminum company Alcoa Inc., the Times said on Tuesday.
China's trade surplus soars to record in June
China posted a record trade surplus of $26.9 billion in June as exporters rushed shipments ahead of tax rebate cuts, handing more ammunition to critics who say Beijing's weak currency gives it an unfair trade advantage.
Sears expects lower quarterly profit
Sears Holdings Corp. on Tuesday said it expects lower profit for its second quarter and added its board approved the repurchase of up to an additional $1 billion of common stock.
Cinven to buy Spain's USP Hospitales
UK private equity firm Cinven is buying Spain's USP Hospitales for 675 million euros ($920 million) to expand its private hospital portfolio after acquiring 25 in Britain less than a month ago.
LG.Philips swings to Q2 profit, outlook better
Flat screen maker LG.Philips LCD Co. Ltd. swung to a quarterly profit after demand began to pick up, ending a run of four straight losing quarters, and forecast further price gains for the third quarter.
Taiwan eyes Boeing over Bell for attack helicopters
Taiwan's army has selected Boeing Co. over Bell Helicopter to supply 30 attack helicopters in a deal worth more than $1.5 billion, a defense official said on Tuesday.
Japan's Investors Look Abroad
Money is pouring into foreign stocks, putting more downward pressure on an already weak yen.
J&J OKs $10 bln stock buyback plan, shares rise
Johnson & Johnson said on Monday it will repurchase up to $10 billion of its common stock in the largest buyback in its history, sending its shares almost 2 percent higher.
Nokia seen strengthening lead position in Q2
Surging cellphone demand from emerging markets is expected by analysts to have cemented Nokia's leading position in the April-June quarter, while third-placed Samsung is seen closing the gap on Motorola.
EMC's VMware unit expects IPO price at $23-$25/shr
Data storage company EMC Corp.'s subsidiary, VMware, said it expects its initial public offering to be priced between $23 and $25 per share.
Carlyle to acquire Sequa for $2 billion
Private equity firm Carlyle Group said on Monday it would buy aircraft and auto parts maker Sequa Corp. for $2 billion.
Banks losing up to $52 bln over subprime
Credit Suisse analysts estimated banks could lose up to $52 billion over time due to their exposure to collateralized debt obligations that invested in U.S. subprime mortgages.
Murdoch to be talk of Sun Valley media festival
Rupert Murdoch, who is pursuing a $5 billion bid for Dow Jones & Co., will be the center of attention when the world's biggest media chiefs gather this week at the 25th annual Allen & Co. conference in Sun Valley, Idaho.
May consumer credit rises $12.9 billion
Americans reached for their credit cards with gusto in May after an April lull, sending overall U.S. consumer borrowing up by $12.90 billion -- more than twice the forecast rise, a Federal Reserve Board report showed on Monday.
Gasoline price rises for first time in six weeks
Just as U.S. drivers were getting used to falling gasoline prices, pump costs increased for the first time in six weeks, the government said on Monday.
Danone offers $17 bln for food firm Numico
French food group Danone offered 12.3 billion euros ($16.8 billion) for Dutch rival Numico to forge what it said will be the world's largest health and nutrition company.
U.S. image sinks, yet American goods keep selling
Foreigners don't have a high opinion of the United States, owing to the war in Iraq, but that hasn't done much to deter a ferocious appetite for American goods and services, as had been expected.
CBOT-CME Merger Approved
Shareholders of Chicago Mercantile Exchange Holdings Inc. and CBOT Holdings Inc. on Monday voted convincingly to merge the two giant futures exchanges under one roof.
Google buys web security firm for $625 million
Google Inc. (NASDAQ: GOOG) said on Monday that it will acquire the web-based security company Postini for $625 million as it adds to its suite of online accessible applications.
Apple iPhone reveals iPod's future: analyst
Apple Inc. (NASDAQ: AAPL) has garnered much attention with the release of its highly anticipated iPhone mobile phone, but one analysts suggested on Monday that the company will now shift its attention back to its iPod music player.