European shares fell on Wednesday at mid-day after the Federal Reserve warned that the Eurozone debt crisis was a risk to the U.S. economy and did not signal any fresh stimulus measures to boost growth.
Europe's no pain no gain attitude to solving its sovereign crisis risks exacerbating the bloc's problems, choking off the very growth needed to raise the money to pay down the debt.
Stock markets and the euro fell on Wednesday, worried by record high borrowing costs for Italy and the Federal Reserve's decision to do nothing new to prop up growth despite warning Europe's debt crisis could hurt the U.S. economy.
Italian government bond yields eased on Wednesday after the country sold 3 billion euros of five-year debt in the first longer-term auction since the European Union took steps towards greater fiscal integration last week.
A shift in the global military balance is one of the inalienable fallouts of the economic winter experienced by the Western world. While military spending in the U.S., the reigning super power, is increasingly coming under a scanner, the extended defense holiday in Europe signals that the continent’s global influence is on irreversible decline.
Microsoft co-founder and entrepreneur Paul Allen has teamed up with SpaceShipOne's Burt Rutan for a carrier aircraft designed to launch next-generation rockets from high altitude.
Gold prices fell for a third consecutive day Wednesday -- extending a weeklong plunge to more than 6 percent -- after the U.S. central bank warned that slowing global growth threatens the nation's weak recovery.
The looming new year may well bring as much financial turbulence as tumultuous 2011 but global investors reckon panic is no longer an option and just protecting your money will require taking on at least some risk.
The euro hit an 11-month low against the dollar and stocks eased on Wednesday after the Federal Reserve warned Europe's sovereign debt crisis could hurt the U.S. economy but failed to signal fresh action to stimulate growth.
Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
The chief executive of Merck & Co on Tuesday defended his refusal to slash the drugmaker's $8 billion research budget and warned that global price constraints threaten the pharmaceutical industry's ability to innovate.
Europe's economic prospects next year are so bleak that 2011, for all the euro's agonies, has every chance of being remembered fondly.
Gold prices slipped Tuesday, its seventh consecutive daily decline, to a two-month low as the dollar posted big gains in light trading.
Standard & Poor's on Tuesday said there is a greater number of sovereign and banking bonds at risk of ratings downgrades as a result of its recent warning that it might cut the credit ratings on 15 euro zone nations.
Stocks rose on Tuesday as energy shares rallied on higher crude oil prices, but trading was volatile after German Chancellor Angela Merkel rejected any suggestion of raising the limit on Europe's bailout fund.
EU ministers urged the European Commission and regulators to check on telecom operators who prioritize bandwidth for certain services, giving leverage to complaints about mobile firms around the world blocking Web-call services such as Skype.
European marketss ended mixed Tuesday in thin trade as firmer crude prices boosted energy stocks, although the market cut gains after sources said German Chancellor Angela Merkel was against a raising of the funding limit for Europe's future bailout fund.
Munich-based Siemens AG in 2008 pled guilty to violating the Foreign Corrupt Practices Act in bribing government officials in Argentina to secure a billion-dollar national identification card project contract.
U.S. stocks rose modestly in choppy, low volume-trading on Tuesday, with concerns about Europe offsetting a jump in crude prices.
Samsung Galaxy Nexus, world's first smartphone to run on Android 4.0 aka. Ice Cream Sandwich, will hit Australia on Wednesday but there's no news from Verizon Wireless yet about the smartphone's U.S. launch date.
Samsung Galaxy Nexus is yet to hit U.S. shores officially but some lucky Android fans seem to have already acquired the highly anticipated Ice Cream Sandwich-powered smartphone from Best Buy and Verizon retail stores over the weekend.
There are only a few persons who are still remembered after their death as they have left their remarkable legacy behind them, and Steve Jobs is one of those personalities who will be remembered for Apple's iPhone and iPad.