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General / Top Articles
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news.yahoo.com
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Thu Oct 16, 12:01 PM ET LONDON (AFP) - European stock markets suffered sharp losses for a second straight day Thursday as recession clouds deepened over the US economy.
The London FTSE 100 index of leading shares fell 5.35 percent to close at 3,861.39..
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1 hour, 20 minutes ago BOSTON (Reuters) - International Business Machines Corp (IBM.N), the world's biggest technology services company, posted a higher quarterly profit on Thursday as an increase in services and software revenue offset a decline in com..
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By Eric Auchard 59 minutes ago SAN FRANCISCO (Reuters) - Google Inc (GOOG.O) quarterly profit beat Wall Street targets, sending shares up 6 percent as the Internet search and advertising leader withstood deepening economic turmoil.
Web traffic and reve..
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2 hours, 20 minutes ago PORTLAND, Ore. - Nike Inc. has sued Wal-Mart Stores Inc., alleging the giant retailer is selling shoes that infringe on Nike's patented designs.
Nike says in its complaint, filed Monday, that the Wal-Mart shoes too closely resem..
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news.yahoo.com
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Thu Oct 16, 11:42 AM ET NEW YORK/WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has agreed to a request from banks that could allow them to delay write-downs on certain securities that have dropped in value due to the credit crisis...
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news.yahoo.com
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44 minutes ago NEW YORK (Reuters) - Microsoft Corp Chief Executive Steve Ballmer said a Web search advertising deal with Yahoo Inc makes economic sense and may still be possible, though the two sides are not in any discussions.
Shares of Yahoo jumped 1..
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news.yahoo.com
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28 minutes ago DETROIT (Reuters) - General Motors Corp will lay off 1,500 hourly workers at plants in Michigan and Delaware where it builds pickup trucks, large cars and a two-seat roadster due to slowing demand, a spokesman said on Thursday.
GM, the l..
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news.yahoo.com
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2 hours, 16 minutes ago NEW YORK (Reuters) - Nike Inc (NKE.N) has sued Wal-Mart Stores Inc (WMT.N), saying the world's largest retailer is selling athletic shoes that infringe on its design patents.
In a complaint filed on Monday, Nike claims Wal-Mart..
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by Omar Hasan Thu Oct 16, 4:48 AM ET KUWAIT CITY (AFP) - Gulf stock markets fell on Thursday for a second day, led by a more than six percent plunge on the Dubai Financial Market, as recession fears continue to haunt the global economy.
The DMF Index w..
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news.yahoo.com
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1 hour, 28 minutes ago WASHINGTON (Reuters) - U.S. industrial production posted the biggest monthly decline since 1974 while consumer prices were flat in September, according to reports on Thursday that built a compelling argument for more interest rate..
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By SHINO YUASA, Associated Press Writer Thu Oct 16, 4:31 AM ET TOKYO - Japanese Prime Minister Taro Aso said Thursday the U.S. bank bailout was insufficient to quell investors' fears and the lack of confidence is contributing to the renewed plunge in gl..
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1 hour, 9 minutes ago HELSINKI (Reuters) - Nokia (NOK1V.HE) said on Thursday it will make a one-time payment of 1.7 billion euros ($2.29 billion) to mobile chipmaker Qualcomm (QCOM.O) as part its patent agreement with the U.S. firm. The top cell phone m..
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By Jonathan Stempel and Dan Wilchins 11 minutes ago NEW YORK (Reuters) - Citigroup Inc, battered by the global credit crisis, posted its fourth straight quarterly loss on Thursday, hurt by more than $13 billion of credit costs and write-downs tied to co..
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35 minutes ago NEW YORK (Reuters) - Merrill Lynch & Co reported a third-quarter net loss of $7.5 billion on Thursday -- worse than analysts had expected -- on write-downs and credit losses on complex debt securities.
The brokerage house, which last mon..
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news.yahoo.com
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8 minutes ago NEW YORK (Reuters) - Stock index futures extended gains on Thursday as government data showed that the number of people filing new claims for jobless benefits slid in the latest week and core consumer prices moderated in September, raising..
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By Jeremy Gaunt and Ingrid Melander 1 hour, 19 minutes ago LONDON/BRUSSELS (Reuters) - U.S. and Europe Union leaders agreed on Thursday to meet at the weekend to prepare for a global summit to overhaul the world's financial system, while fears of global..
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By TOM KRISHER, AP Auto Writer 52 minutes ago DETROIT - With October auto sales expected to fall short of September's 15-year low, General Motors Corp. is launching a campaign this week to reach people who have stopped looking for cars out of fear that..
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1 hour, 27 minutes ago SAN FRANCISCO (Reuters) - EBay Inc (EBAY.O) warned on Wednesday that its full-year revenues would fall below its previous forecast as the Internet company restructures to reinvigorate growth in its main online auctions business...
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By PAN PYLAS, AP Business Writer Wed Oct 15, 8:16 AM ET LONDON - European and Asian markets mostly fell back Wednesday following a strong two-day rally amid concerns that the global efforts to restore confidence in the battered financial system will not..
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news.yahoo.com
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33 minutes ago PARIS (Reuters) - French state-controlled electricity giant EDF (EDF.PA) said on Wednesday it had dropped plans to table a new bid for Constellation Energy as the credit crisis has made corporate financing more difficult to obtain.
U.S...
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