Consider this a case of Hermès versus Louis Vuitton that doesn't involve trying to figure out which $3,000 designer handbag to buy.
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, went into a freefall Tuesday, plunging about 2.5 percent to keep setting new lows. After falling as low as $17.58 in late morning, they recovered slightly to $17.63, down 43 cents, after the first two hours of trading.
McDonald's Corporation (NYSE:MCD), the US-based fast-food restaurant chain headquartered in Illinois long known for its beef-based burgers of all shapes and sizes announced plans on Tuesday to open its first ever vegetarian-exclusive restaurants in India.
Bellevue, Wash.-based Valve, the software developer behind the critically-acclaimed Half-Life series, the Steam network for distributing games and the Source engine, is reportedly interested in building hardware. Valve, which was founded by two former Microsoft employees in Gabe Newell and Mike Harrington, added a job posting to its site on Tuesday morning for an industrial designer.
During the holiday week, economy-watchers are likely to focus on Friday's August nonfarm payrolls report and the European Central Bank’s governing council meeting, on Sept. 6.
This means that Tokyo’s population in 2100 will match the numbers from 1940.
Global automakers report August U.S. car sales, Tuesday. Follow the blog for the latest updates from Chrysler, Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), Nissan Motor Co. (Tokyo: 7201), Honda Motor Co. (NYSE: HMC), Volkswagen AG (Frankfurt: VOW) and Toyota Motor Corporation (NYSE: TM).
The world’s most populous country will become its biggest smartphone market by year-end, market researcher IDC estimates. It may account for 26.5 percent of all shipments compared with only 17.8 percent for the U.S.
Demonoid could be making a comeback, but after the founder of the Pirate Bay was arrested, the BitTorrent site might not be as inclined to return.
The head of the European Central Bank is signaling that the ECB may be ready to offer short-term loans to the monetary union's most at-risk members like Spain and Italy.
Griselda Blanco, a former drug lord for the Medellín Cartel and a pioneer in the Miami-based cocaine drug trade, was gunned down in Columbia by an assassin on Monday.
Cambodia has decided to deport popular BitTorrent site Pirate Bay co-founder Gottfrid Svartholm Warg, who was arrested Aug.30, for violation of copyright laws and enabling illegal downloading of music and films.
Organic foods are as good as conventionally grown foods except for the lower level of pesticides in food items. However, pesticide levels in conventional foods are within permissible limits, according to a new study conducted by the Stanford University.
StemCells Inc, Tower Semiconductor Ltd, Nokia Corp, Anheuser-Busch InBev, Telefonica, Valeant Pharmaceuticals, Banco Santander, Coca-Cola Co, Harmony Gold Mining Co and ARM Holdings plc are among the companies whose shares are moving in pre-market trading Tuesday.
The Democrats have gathered in thousands at the downtown football stadium at Charlotte, N.C., for the three-day Democratic National Convention starting Tuesday. The Party unveiled its formal 2012 election policy, ahead of the convention Monday night, advocating the strengths of their presidential candidate incumbent Barack Obama over Republican rival Mitt Romney.
IT sector funds were the top performers in August among Indian mutual funds that focus on domestic stocks as lower valuations of the sector's shares after their sharp declines in July revived investor interest.
Asian stock markets ended lower Tuesday as investors remained watchful ahead of the European Central Bank (ECB) meeting and U.S. non-farm payrolls data later this week.
The cabin crew of Lufthansa (LHA) airlines is staging a strike at three German airports Tuesday in their second walkout in a 13-month wage dispute that has resulted in the cancellation of 208 flights in Frankfurt.
The U.S. stock index futures point to a higher open Tuesday as market sentiment was underpinned by expectations that policymakers around the world will announce stimulus measures to rejuvenate the economic growth momentum.
Most of the European markets fell Tuesday as investors continued to remain cautious waiting for the policymakers to announce stimulus measures to boost the euro zone economy and revive the growth momentum.
Shaji Farooq, Infosys's financial services head in the U.S. has resigned and has joined rival business group Wipro.
Gold edged higher on Tuesday to the highest level in more than five months as lacklustre manufacturing data from around the globe fanned speculation of imminent easing measures from central banks.
Asian markets remained in a tight range Tuesday as investors were waiting for the outcome of meetings among the policymakers in the euro zone which is expected to announce measures to tackle the debt crisis affecting the region.
Two weeks after the slaughter at the Marikana platinum mine shocked South Africa, police fired tear gas and rubber bullets to disperse striking miners at a gold mine near Johannesburg.
The online version of the 328-page catalog released August 21, 2012, features 12 percent of 3D content, while for the next year it is bound to go up to 25 percent.
India's annual exports and imports declined for the third consecutive month in July owing to the weak demand from the U.S. and European countries due to the global economic slowdown.
Samsung Electronics (005930) appears to be taking stock of things after the California jury ordered the South Korean giant to pay $1.05 billion in damages to Apple (AAPL) for violating patents pertaining to iPhone and iPad.
Asian stock markets mostly ended higher Monday on hopes that major central banks around the world would soon announce a new round of stimulus measures to tackle the deteriorating global economic conditions.
European markets were mixed Monday as investors continued to remain watchful waiting for policymakers to announce the stimulus measures to boost the euro zone and revive the growth momentum.
Morgan Stanley Monday cut India's economic growth forecast to 5.1 percent from the previously projected 5.8 percent, citing low private investment and poor government finances.
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