Clearing skies over U.S. economy open rift at Fed
An improving U.S. economy has exposed a widening rift at the Federal Reserve over how quickly to scale back the central bank's aid measures, a debate that will be front and center when policy-makers meet next week. Read Full Article here.
GM exec says balance of power shifts with Opel deal
Magna's planned acquisition of Opel is proof that carmakers have lost the upper hand in the industry by outsourcing development work to suppliers and relying on them for technological knowhow, a top GM executive said. Read Full Article here.
U.S. backs away from missile shield plan
President Barack Obama has told east European states he was backing away from plans for an anti-missile shield there, in a move that may ease Russian-U.S. ties but fuel fears of resurgent Kremlin influence. Read Full Article here.
Oracle software sales miss target
Oracle Corp's quarterly software sales came in sharply below expectations, dashing hopes that corporate technology spending is rebounding and sending its shares down 2.7 percent. Read Full Article here.
Google talking to DOJ about books settlement: report
Google Inc and a group of authors and publishers are in talks with the U.S. Justice Department about possibly modifying an agreement struck last October to publish millions of books online, Bloomberg reported on Wednesday. Read Full Article here.
Global shares rally, dollar falls
Global shares rallied on Thursday, pushing the benchmark world index to a fresh 11-month high, while the euro hit a one-year peak against the low-yielding dollar as investors put back risk trades due to economic optimism. Read Full Article here.