Adobe Posts Higher than expected 3Q Earnings
Adobe posted earnings on Thursday, detailing higher revenue, but saw profits fall over 30 percent.
Alien Technology CEO Steps Down
Alien Technology Corp., maker of radio frequency identification (RFID) circuits, said on Thursday that its current CEO will step down to assume the new position as Executive Advisor.
AOL to Deliver Custom Email Addresses
The online arm of Time Warner introduced a new service on Thursday allowing users to create a fully customizable email address, including the domain name.
Intel and Siemens to Build Second-Gen VOIP
Intel Corporation and Siemens Communications announced on Wednesday a collaboration to bring second generation voice-over-internet-protocol (VOIP) technologies in a jointly funded project.
Microsoft Unveils Zune Media Player
Microsoft unveiled the first official details about its new Zune media player on Thursday, touting the device as a connected multi-media device.
John Liang Receives Proposal After Share Surge
John Liang Plc today announced that it had received a non binding proposal, and was now in takeover talks
Seven Mobile Operators Join to Create NGMN
This week seven leading mobile operators have united to create a new organization, known as the Next Generation Mobile Networks (NGMN) initiative
IT Marketing to Increase at Record Rates
According to data released on Thursday, information technology companies are projected to have increased their marketing budgets at the highest increase rates in five years.
Top Drug Makers Seen Eyeing Bristol Purchase
Several of the world's top drugmakers may weigh acquiring Bristol Myers Squibb Co. after it fired its chief executive, although suitors seem unlikely to bid before next summer, analysts said.
Kelly Announces LABGI Changes to Enhance Local Business
It was announced today that local authorities will receive greater rewards for promoting local business growth.
GE to Sell Silicones, Quartz Businesses
General Electric Co. said on Thursday that it had agreed to sell its advanced materials business, which includes silicones and quartz, to private equity firm Apollo Management L.P. for about $3.8 billion in cash and securities.
Ford May Lose Up to $9 Billion This Year
Ford Motor Co. could post a pretax loss of $8 billion to $9 billion this year because of losses at its automotive operations and charges for restructuring, the Detroit News reported on Thursday, citing unnamed Ford sources.
Ford won't have big European reorganization
Ford Motor Co's strategic overhaul will not lead to a big revamp in its profitable European operations, Ford of Europe President and Chief Executive John Fleming said on Thursday.
Microsoft says Vista Europe launch on track
Microsoft said on Thursday it was on track to launch its Windows Vista operating system in Europe in January
First-time buyers borrow record sums
First time homebuyers are stretching their finances more than ever before to get a foot on the property ladder, a survey shows.
A Year Later, Time to Reassess Katrina Stocks
Investors who earned big returns in the wake of Hurricane Katrina may want to reassess their storm-related plays now that new contracts for repair work on the U.S. Gulf Coast have slowed.
Old Mutual profit climbs on Skandia
South Africa's largest insurer, Old Mutual, met forecasts with a 36 percent increase in first half profit
Oil rebounds above $64
Oil rebounded above $64 a barrel on Thursday as bargain hunting buyers stepped in after a month long rout and a renewed U.S. push for immediate sanctions against Iran
GUS reports mixed as split nears
GUS, set to split into two FTSE 100 companies next month, reported a slight slowdown in growth at its credit information business
Blackstone poised to win UB after Premier quits
U.S. buyout giant Blackstone looked poised on Thursday to win a 1.7 billion pound takeover battle for United Biscuits
Could split-cap trusts be due for a Renaissance?
Split capital investment trusts could be in line for a renaissance, spurred on by the advent of real estate investment trusts
Home shopping boosts retail sales
Strong sales of household goods and a penchant for home shopping helped retail sales rebound in August, suggesting last month's interest rate rise did not deter shoppers.
Water utility AWG gets approach
Shares in AWG jumped more than 11 percent on Thursday after the water company said it had received an approach that could lead to an offer being made for the 2.2 billion pound firm.
Funds Flirt With Scandal-Tainted Stocks
Some of America's most prominent investment firms loaded up on shares in dozens of public companies even as the U.S. government stepped up probes into those companies use of option grants.
John Lewis H1 sales up
Retailer John Lewis Partnership on Thursday posted an 11 percent increase in group sales to 3.0 billion pounds
BP Announce Agreement with Gazprom
A new agreement was announced today between BP and Gazprom Marketing and Trading, the UK subsidiary of energy giant OAO Gazprom.
Rate rise fails to cool housing market
House prices rose at their fastest pace in over two years in the three months to August, a survey showed on Thursday
FTSE opens up on utilities bid talk
The FTSE 100 rose on Thursday after a stronger Wall Street close, driven by utilities as AWG surged 12 percent on news of a bid approach.
Europe's largest home improvement retailer Kingfisher on Thursday posted a 12.6 percent rise in pretax profit to 223.1 million pounds. REUTERS/Handout
BT Group announced growth targets on Thursday for its Global Services business, which provides IT network services and is the former state monopoly's fastest growing division.
Kingfisher profit falls
Europe's largest home improvement retailer Kingfisher on Thursday posted a smaller than expected fall in pretax profit and said its UK business should return to profit growth in the second half.