All the major indices lost ground Friday in a dismal end to the...

The US House of Representatives has approved a bill designed to stem the tide of home foreclosures due to the subprime mortgage...

Former Federal Reserve Chairman Alan Greenspan has said he believes the worst of the credit crisis is...

Russia's largest steel producer Severstal has said it had finalised a deal to purchase the US-based Sparrows Point steel mill from ArcelorMittal for US$810...

The Indian government has banned futures trading in four commodities to tame...

Indian Minister of State for External Affairs Anand Sharma has taken a dig at US president, George Bush, to emphasise his points on the global food...

EU consumer protection officials have warned consumers that they are being defrauded by some online ticket...

The world's largest insurer, American International Group, has posted its largest ever quarterly...

America’s Best Buy brand will begin opening in the UK next year, to take on the European consumer electronics market with its new acquisition, Carphone...

Hong Kong's trade development body expects the Asian wine market to expand by 10-20 per cent over the next five...

The International Monetary Fund has adjusted its forecasts for the global economic growth in 2008 downward to below four...

Vikram Pandit, India born chief executive of Citigroup, Friday presented his strategy to turn around the beleaguered bank and announced that it plans to unload $400 billion more in 'legacy assets' over the next few years to reinvigorate...

Vikram Pandit, chief of the troubled Citigroup, is set to reveal his revival strategy to investors and he is expected to emphasise on the business...

Boeing is expecting a compensation claim from Qatar Airways over a delay in the delivery of its 787...

Stocks rose on Wall Street Thursday pushed by commodity producers as oil and metals prices continued to...

Posted on: Friday, 9 May 2008, 09:01 CDT PALO ALTO, Calif., May 9 /PRNewswire-FirstCall/ -- Jazz Pharmaceuticals, Inc. announced today that Samuel R. Saks, M.D., the company's Chief Executive...

Google CEO Eric Schmidt said yesterday that he still sees Microsoft as a potent competitor, even though its concerted and often acrimonious campaign to buy Yahoo now looks like it will pass into...

said Friday it was lowering its fourth quarter earnings due to the impact of rising fuel costs. Memphis-based FedEx said it now expects earnings to be in the range of $1.45 to $1.60 per diluted...

SAN FRANCISCO (MarketWatch) -- When Hewlett-Packard Co. reports quarterly results Thursday, it's largely expected to at least meet Wall Street forecasts for both its earnings and...

Security Bulletin Advance Notification for May 2008 , Microsoft said it will fix three critical vulnerabilities and one moderate...

Google Inc. , since withdrawing a $47.5 billion bid for Yahoo Inc. last weekend.Analysts have been left wondering how the world's largest software maker will increase its share of that multibillion...

NEW YORK – Treasury prices mostly rose Friday after steeper-than-expected losses at insurer AIG stirred fresh concern about strains still taxing the global financial system and as stocks...

“It goes back to a soft economy,” Control Board analyst Frank Streshley said. “People are tighter with their money and their spending.” The $1.04 billion win was the amount...

Oak Ridge Financial Services, the parent company of Bank of Oak Ridge, saw earnings fall from $172,000 a year ago to $61,000 in the first quarter, according to an earnings announcement. The main...

WASHINGTON - Billionaire investor Kirk Kerkorian launched his previously announced $170 million cash offer to buy up to 20 million additional shares of Ford Motor Co. on Friday, calling it 'an...

NEW YORK – Consumer electronics retailer Circuit City Stores said Friday that it will allow Blockbuster to review its books in connection with the video-rental chain's bid to buy the company. ...

DUBLIN/LONDON – British drinks maker Diageo will spend millions on a new brewery near Dublin, but Guinness fans in Britain and Ireland will still get their dark beer from the historic brewery...

WASHINGTON – Myanmar's new rice crop will be slashed by 7 percent by the cyclone that ripped through its prime growing area, but world rice production is still expected to hit a record this...

WASHINGTON, – The top U.S. communications regulator thinks cable television subscribers should be able to buy only the channels they want. And while his three-year campaign to make it happen...

May 9, 2008 - 6:33 p.m. (AP) - Among the earnings stories for Friday, May 9, from AP Financial News: NEW YORK (AP) — Clear Channel Communications Inc., a major radio and outdoor...

NEW YORK – The Rockefeller family and shareholders pushing Exxon Mobil to focus more on renewable energy now have the backing of a powerful advisory group for institutional investors. The...

reported flat first-quarter earnings as revenue jumped 17 percent, the firm told investors Friday. The Columbus-based investment manager said its first-quarter earnings held steady at $1.99...

New York: A federal appeals court reinstated one of two patent cases tossed out last year in the ongoing user-interface technology dispute pitting Alcatel-Lucent against Microsoft and Dell. The...

(newser) – Rumors that Microsoft is about to buy Facebook are just rumors: Despite the press corps’ desire to keep the Microsoft acquisition jones alive, it's not going to happen anytime...

NEW YORK – Stocks have ended the week with a big decline after insurer AIG reported a wider-than-expected loss and oil prices reached another new high. American International Group Inc.'s...

WASHINGTON – Ford Motor Co. says it first learned billionaire investor Kirk Kerkorian was interested in investing in the automaker in early April but was “completely unaware” that...

May 9, 2008 · Citigroup announced on Friday that it was selling off $400 billion of its assets in an attempt to restructure itself to move beyond the financial crisis in the credit and...

LONDON – The U.S. dollar was mostly lower against other major currencies in European trading Friday. Gold fell. The euro traded at $1.5453, up from $1.5404 late Thursday in New York. Later,...

New York - US stocks were pushed down by financial and commodity stocks on Friday as the world's largest insurer, American International Group Inc, announced writedowns sparking fears of further...

FRANKFURT, Germany – The former chief executive and board chairman at German industrial conglomerate Siemens could be fined for a violation of his oversight duties. Prosecutors said Friday...

That means the mortgage rot could be on the street where you live. And it could spread to your schools, to your hospitals and to the roads that you drive on. This is one of those times when doing...

NEW YORK – For Kim Snider, it only takes one word to send participants in her monthly investment workshops into a near panic. The Dallas-based financial adviser gets the same reaction,...

NEW YORK – Shares of Activision Inc. hit a record high Friday after the video game publisher reported profit and sales that soared past guidance and Wall Street's expectations. The Santa...

LONDON – Home repossessions in England and Wales rose to their highest first-quarter levels in 15 years, the government said Friday. It was the highest repossession rate since 1993, and was...

Seoul: Microsoft Corp. and South Korea's top carmaker Hyundai Motor Co. have agreed to build a music and information system to debut in cars sold in North America in 2010, the companies said on...

NEW YORK – Wheat futures fell sharply Friday after the government forecast increased U.S production and a record global crop, while corn futures surged to a new high on continuing concerns...

FRANKFURT, Germany – Linde AG said Friday that first-quarter profits fell 64 percent compared with last year, when the industrial gasses and engineering company recorded the sale of some...

May 9, 2008 - 6:31 p.m. (AP) - Among the earnings stories for Friday, May 9, from AP Financial News: NEW YORK (AP) — Auto parts maker Delphi Corp. reported Friday that it lost more money...

COLUMBUS, Ohio – The top executive of Abercrombie & Fitch, who has built the retailer into a chain of about 1,000 stores, received compensation that the company valued at $9.9 million in...

News ) new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review - but only after shrinking the company by about one-fifth first.The three-year...