Despite taking the wraps off its anticipated Lumia smartphones using the new Windows 8 from Microsoft (Nasdaq: MSFT), the world's biggest software company, Nokia’s shares plunged 11 percent after CEO Stephen Elop claimed, “We need to succeed with this and take it to the next step.”
As Quebec's newly elected premier and leader of the Parti Quebecois Pauline Marois delivered a victory speech to supporters in a concert hall in Montreal Tuesday, a gunman in a ski-mask and bathrobe entered the building and discharged his assault rifle, killing one man and injuring another.
The UAE is expected to spend an average of $11 billion a year through 2031 on an estimated 882 commercial aircraft, according to a report by Airbus on the global market for aircraft.
AMR Corporation's (PINK: AAMRQ) American Airlines took a major step toward emerging from bankruptcy after a federal judge tossed out its pilots' union contract, ending a dispute with the only union it had failed to reach a deal with on concessions.
Senussi fled Libya soon after the uprising that removed Gaddafi from power last year.
Facebook's (FB) stock continued to witness swinging fortunes as its prices hit an all-time low of $17.55 Tuesday before closing at $17.72, almost 1.82 percent lower than the previous close. Amidst the fluctuating fortunes, CEO Mark Zuckerberg declared that he would not sell any shares at least for another one year.
Late Monday, word leaked out that Draghi is now saying the ECB should pursue a policy of monetizing sovereign debt of periphery countries -- that is, printing reams of new euro to buy bonds issued by those governments -- even though such a policy path exceeds the central bank's mandate and has been adamantly opposed by the German political establishment.
China will need 5,260 new commercial airplanes, valued at $670 billion, over the next 20 years, according to Boeing, one of the providers of passenger airplanes for China.
Pluristem Therapeutics, Facebook Inc, ARM Holdings Plc, Francesca's Holdings Corp, BP Plc, Nokia Corp, Alcatel Lucent SA, Capital One Financial Corp, Netflix and Lennar Corp. are among the companies whose shares are moving in pre-market trading Wednesday.
Manufacturing downturns spared no one in August, surveys of purchasing executives showed, in the latest sign of weakness in the global economy. While the batch of gloomy data has boosted hopes for further central bank actions, some economists remain skeptical that there would be any significant effects.
On the heels of a positive first quarter, the Western European mobile phone market failed to maintain a positive trend, due to a weaker economic environment and the new product launches expected in the third quarter, said a new report by market research firm IDC. The total shipments of devices dropped 1.9 percent year on year to 42.1 million units.
A major blaze in a fireworks factory at Sivakasi in Tamil Nadu, India, has reportedly led to 10 people, including children, dead and more than 20 injured on Wednesday, local media reports said.
As the countdown for the next-generation iPhone launch, largely viewed as "iPhone 5" knocks down to a week, news of recently promoted Apple (AAPL) executives receiving generous stock grants worth over $50 million is making waves.
U.S. stock index futures pointed to a lower open Wednesday as investor confidence continued to be weighed down by high degree of uncertainty about policymakers announcing stimulus measures to revive economic growth momentum.
Asian stock market declined Wednesday as weak economic reports from U.S. and China weighed on the sentiment. Concerns over global economic downturn resurfaced after the Institute for Supply Management (ISM) said that U.S. factory activity contracted for the third straight month in August
India's service sector continued its growth for the tenth consecutive month in August, based on a quick and the fastest pace since February, based on steady growth in new orders, according to the latest HSBC PMI data released Wednesday.
Crude oil futures declined Wednesday as weak manufacturing reports from the U.S. and China raised concerns of a further global slowdown.
European markets remained in a tight range Wednesday as investors continued to be nervous ahead of the meeting in which the European Central Bank is expected to announce policy measures to boost the euro zone economy and revive growth momentum
Turning long-running speculations into fact, Apple sent out invitations Tuesday, confirming a special media event related to the next iPhone, aka "iPhone 5," in San Francisco on Sept. 12. The event is scheduled to take place at the Yerba Buena Center for the Arts at 10 am PT.
The top after-market Nasdaq gainers Tuesday were Wendy's Company, Santarus Inc, Sarepta Therapeutics Inc, Glu Mobile Inc and Facebook.
August saw the Indian private sector business growing at its swiftest in six months. The rapid progress was augmented by development in new business since February amid increasing optimism about the future, according to a survey on Wednesday.
The top after-market NYSE gainers Tuesday were Guidewire Software, Cenveo Inc, Six Flags Entertainment Corp, CONSOL Energy and Pep Boys-Manny, Moe & Jack. The top after-market NYSE losers were Greenhill & Co, Assured Guaranty Ltd, Kindred Healthcare, Nustar Energy L.P. and Giant Interactive Group Inc.
China's services activity growth declined in August to the slowest pace in a year after the recovery in July, according to the HSBC Purchasing Managers' Index released Wednesday.
General Motors Co began initial production of its first ever Chinese-designed car for the Indian market this week, a major step for the U.S. automaker as it tries to scale up in a market where foreign companies have struggled.
Asian markets fell Wednesday as investors' concerns about the weakening global economy was revived by the declining U.S. manufacturing activity and disappointing China's services activity.
Transgender and convicted murderer Robert Kosilek has been granted a sex-change surgery by US District Court Chief Judge Mark Wolf. That's right, tax payers will be funding the soon-to-be transsexual's gender reassignment.
Asian shares and the euro eased Wednesday, with investors waiting for a European Central Bank meeting on Thursday and U.S. payrolls on Friday for signs of more action to counter European debt woes and support growth.
Hudson's Bay Co., the owner of Lord & Taylor and North America's oldest continuously operating retailer, plans to go public on the Toronto Stock Exchange by November in one of the biggest retailer offerings since the financial crisis began, according to reports.
Global carmakers reported robust sales growth in August, indicating improving consumer sentiment and demand by small businesses and contractors. Companies including Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), Honda Motor Co. (NYSE: HMC) and Toyota Motor Corporation (NYSE: TM) all reported major gains.
The landmark hearing follows six years of legal battles and tribunals for the four plaintiffs, whose high-profile cases are seen as a polarizing dividing line between British Christians who want to express their faith in the workplace and employers who assert their right to impose dress codes and guidelines for workplace conduct.
