Anheuser-Busch bets on fast growth in India, China
U.S. brewer Anheuser-Busch Cos. Inc. is betting rising incomes and an aspiring middle-class in countries such as India and China will boost its international revenues, a senior company official said on Friday.
It's official: smoke-free means just that
As well as agreeing to draw up international laws against cigarette smuggling, officials at a major World Health Organization (WHO) anti-tobacco meeting adopted stringent definitions of what it means to have a smoke-free bar or office.
Dow Jones, News Corp deal seen next week: magazine
Dow Jones & Co.'s board and Rupert Murdoch's News Corp. have completed talks on a $5 billion buyout of Dow Jones and are expected to announce a deal next week, London's The Business weekly magazine reported on Friday.
UBS draws veil over reasons for Wuffli's departure
Traders said it may be linked to the embarrassing closure of a hedge fund earlier this year.
Bank of America to stand trial over Parmalat
Milan judge has ordered Bank of America to stand trial for alleged market-rigging by some of its employees in connection with Italian dairy firm Parmalat's collapse.
Rio hires banks for Alcoa/Alcan options: paper
Rio Tinto, the world's second-biggest miner, is drawing up plans to gatecrash Alcoa Inc's $28 billion hostile bid for North American rival Alcan Inc., the Daily Telegraph said on Friday.
Gold steady, Tokyo dips ahead of U.S. data
Gold was steady on Friday ahead of the release of U.S. payrolls data, while Tokyo futures shed the previous day's gains to track losses in New York.
Investors eye U.S. jobs data for rate hint
Financial markets focused on Friday on upcoming U.S. jobs data for a guide to the path of interest rates, leaving stocks mixed, the dollar clinging on to recent gains and bonds weaker.
Fast Retailing going global with Barney's Bid
Fast Retailing's surprise $900 million bid for Jones Apparel Group's Barneys New York underscores the Japanese clothing retailer's dream to become a global player and find growth outside its mature home market.
Celebrity fashion? No thanks, we're Zara
Rivals tout designs by Madonna, Kylie Minogue, and Kate Moss, but Spanish fashion retailer Zara wants no part of it.
Sony has no plans to cut PS3 price
Sony Corp.has no plans to cut the price of its PlayStation3 (PS3) at present to pep up demand and counter surging sales of Nintendo's rival game console Wii, Sony's president said on Friday.
Peugeot Citroen reports flat 1st-half unit sales
PSA Peugeot Citroen's worldwide vehicle sales were little changed in the first half of 2007, slipping 500 units to 1,764,000 vehicles, Europe's second-biggest car group said on Friday.
Norwegian hacker says he can bypass AT&T on iPhone
A well-known hacker claims to have overcome restrictions on Apple Inc.'s iPhone, allowing highly technical users to bypass AT&T Inc.'s network to use the phone's Internet and music features.
Microsoft expands in Canada amid U.S. visa crunch
Microsoft Corp. said on Thursday it will open a software development center in Vancouver, giving it a place to employ skilled workers snagged by U.S. immigration quotas.
Fed policy on target, inflation to ebb-Yellen
Current U.S. interest rate policy should promote a further drop in inflation although risks are still skewed toward higher prices, San Francisco Federal Reserve President Janet Yellen said on Thursday.
Video game trade show to focus on price, new games
The video game industry gathers for its annual expo next week, and anticipation is running high that cheaper hardware and a host of keenly awaited new games will fuel the strongest sales in years.
Pacific rim states urge action to revive WTO talks
Pacific rim trade ministers pushed for a revival of stalled world trade talks on Friday, but committed themselves to work towards setting up their own trade bloc if a global deal fails.
Microsoft to take $1 billion charge on Xbox
Microsoft Corp. said on Thursday an unacceptable number of repairs to its Xbox 360 will force it to take a charge of more than $1 billion for its most recent quarter, and it announced a new, extended warranty for the video game console.
Chip sales rebound in May
The chip industry rebounded in May with worldwide semiconductors sales rising 2.4 percent from a year ago to hit $20.3 billion, according to a report by the Semiconductor Industry Association (SIA).
RIM approved to sell Blackberry in China
Research in Motion (NASDAQ: RIMM) has won approval to sell its popular Blackberry handheld device in China, the world's largest mobile phone market .
Microsoft to launch updated Xbox 360 in Japan
Microsoft Corp. said on Thursday that it would launch an updated version of its Xbox 360 game console on October 11 in Japan as it competes against rival products from Japanese favorites, Nintendo and Sony.
Jones gets rival $900 million bid for Barney’s unit
Jones Apparel Group has a new, bigger bid for its Barney’s unit.
CVC to buy Samsonite for $1.1 billion
Luggage company Samsonite Corp. said it agreed to be acquired by CVC Capital Partners Ltd. For $1.1 billion on Thursday.
Hilton shares jump 26 pct. on Blackstone bid
Shares of Hilton Hotels Corp. skyrocketed in Thursday trading after the hotel firm said late Tuesday to be acquired by private equity giant Blackstone Group for $26 billion, including debt.
JAL looks to speed cost reductions
JAL President Haruka Nishimatsu said Wednesday the company is considering ways to make job cuts ahead of schedule and also reduce retirement benefits by 10 percent, according to Japanese daily Nikkei.
Nissan, Mitsubishi to increase exports from U.S. plants: report
Nissan Motor Co. and Mitsubishi Motors Corp. are looking to boost their exports SUVs and midsize sedans from U.S. factories to Middle East and Russia due to increased demand, reported Nikkei on Thursday.
Bonds fall on lower euro debt, firm U.S. services data
U.S. Treasury debt prices fell on Thursday, following the lead of weaker euro zone debt and after stronger-than-expected U.S. data on jobs and the services sector.
Europe heads to beach, America heads to work
As Europe's workers take a few weeks of holiday this summer, their American colleagues will be lucky to get a few days off work, says a report published by the European Trade Union Institute.
Dollar rises after ISM survey beats forecasts
The dollar rose on Thursday, erasing earlier losses against the euro after a gauge of activity in the U.S. services sector beat forecasts for the month of June.
Toyota, Ford post strong China vehicle sales
Toyota and Ford, two of the world's three largest auto makers, reported strong first-half sales in China's fast-growing market, where as relative newcomers they are competing to roll out new models to attract customers.