Fed officials play down impact of weak dollar
Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling. Read Full Article here.
U.S. recovery seen subdued, jobless rate high: OECD
The U.S. economic recovery will be weaker than after previous deep recessions, and the high jobless rate will decline only slowly, the OECD said on Thursday. Read Full Article here.
Sony pushes back profit margin target to 2013
Japan's Sony Corp pushed back an elusive target of an operating profit margin of 5 percent to March 2013, as it heads for its second straight loss and loses ground to overseas competitors. Read Full Article here.
Nokia sees corporate interest for netbook
Top cellphone maker Nokia has seen growing interest among companies for its first netbook or mini-laptop, a company executive said on Thursday. Read Full Article here.
Blackstone's Pinnacle to buy Birds Eye: report
Blackstone Group's Pinnacle Brands Corp is likely to buy U.S. frozen vegetable company Birds Eye Foods for more than $1.3 billion, the Wall Street Journal said, citing people familiar with the matter. Read Full Article here.
Financial reforms grind forward in Congress
The U.S. Congress edged closer on Wednesday to creating new government powers to break up giant financial firms, which Europe is already doing, while a U.S. derivatives market crackdown got more complicated. Read Full Article here.