Fed's Yellen: No tightening in next several months
The time for the U.S. Federal Reserve to start pulling back its extensive support for the economy is not close at hand and policymakers have time to decide what sequence of steps they will take, San Francisco Fed President Janet Yellen said on Tuesday. Read Full Article here.
Japan automakers look beyond U.S. as strong yen bites
Japanese automakers such as Honda and Nissan want to reduce their reliance on the U.S. market, where weak demand and a falling dollar have slashed profits, even as a poor turnout at their flagship auto show highlights the challenges at home. Read Full Article here.
Dell sees Windows 7 boost starting mid 2010
Demand for computers from large companies is likely to pick up by as soon as mid-2010 as a result of Microsoft's launch this week of its Windows 7 operating system, a senior Dell executive said on Wednesday. Read Full Article here.
Madoff investors sue KPMG and major banks
Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG , JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said. Read Full Article here.
Galleon staff eye exits, investors debate
Dozens of employees at Galleon Group are hunting for new jobs as investors debate how to react after the hedge fund's founder was arrested and charged with running one of the biggest insider trading schemes. Read Full Article here.
Lilly profit tops Street view
Eli Lilly and Co posted better-than-expected quarterly profit on Wednesday as sales of its top-selling prescription drugs beat projections, and the drugmaker raised its full-year earnings forecast. Read Full Article here.
RIM launching updated top-end BlackBerry Bold
Research In Motion is rolling out an updated version of its top-end BlackBerry Bold smartphone, aimed at the company's base of professional users as well as wealthier retail consumers. Read Full Article here.
Geely talks to buy Ford's Volvo unit stall: source
Geely Holding's discussions to acquire Volvo from Ford Motor Co have stalled over disagreements on intellectual property, a source close to the talks said on Wednesday. Read Full Article here.
Consumer watchdog nears U.S. House panel approval
A U.S. congressional committee is likely on Wednesday to endorse the creation of a financial watchdog agency to protect consumers, with large banks likely to feel its bite worst. Read Full Article here.