Europe's banks face a capital hole of at least 200 billion euros ($269 billion) if Greece forces them to slash the value of its debt and other troubled euro-zone countries like Italy and Ireland follow suit.
HTC’s Vigor, which is slated to be released in October with its superlative specifications, is likely to up the ante against Motorola Droid Bionic.
European shares fell on Friday after a fresh pledge of support from leading global economies to shore up the financial sector failed to placate markets, leaving them on course for a fifth straight month of losses.
European shares were poised to claw their way off 26-month lows on Friday, but Asian stocks slid on fears of renewed recession in the developed world and as a pledge from the G20 to preserve financial stability left investors largely unimpressed.
The world's major economies on Thursday pledged to prevent Europe's debt crisis from undermining banks and financial markets, and said the euro zone's rescue fund could be bolstered.
Europe's banking regulator said there were no plans to force more than a dozen weaker mid-tier banks to raise capital more quickly, saying an original timetable remained in place.
Europe's banking regulator said there were no plans to force more than a dozen weaker mid-tier banks to raise capital quickly, saying an original time table remained in place despite pressure building for action.
Pope Benedict’s visit to his native Germany is met with various reactions.
Commodity investors fled for the exits on Thursday in a panic over raw materials demand, unconvinced that Federal Reserve action will stem a global economic slowdown that shows signs of infecting China and Germany.
Leo Apotheker won’t remain CEO of Hewlett-Packard into a second year. Directors of the world’s biggest computer maker ousted him in favor of the former head of eBay, Meg Whitman, who lacks computer experience.
Attacking the U.S., September 11, NATO and a number of other topics, Iran's President Ahmadinejad gave a long, controversial address to the United Nations. Full text reprinted here.
Gold prices plunged Thursday when investors stampeded out of precious metals, as well as stocks, into the perceived safety of the U.S. dollar.
The trip is being hailed as an historic visit, and the Pope will speak before German parliament, meet with Chancellor Angela Merkel and President Christian Wulff and lead a mass. About 100 parliamentarians have already boycotted Benedict's speech, and thousands of people have gathered to protest his presence.
AT&T and T-Mobile USA are doing everything in their power to save their $39 million merger, including hiring the best available antitrust lawyers in the country.
A grim outlook for the U.S. economy from the Federal Reserve and signs of a slowing in China and Germany sent world stocks tumbling on Thursday and drove investors into safer currencies and government bonds.
Pope Benedict XVI will be touring for four days.
September has proved to be a tough month for technology boards of directors who seem to be foundering, and not leading their companies. The result may be that customers wonder who's designing the products.
Commodities skidded on Thursday as investors scrambled to liquidate after a U.S. Federal Reserve warning, coupled with signs of slower growth in China and Europe, stoked worries about slowing demand for fuels and metals.
Android smartphones are catching up to Apple's iPhone and are almost way ahead in every direction.
A grim outlook for the U.S. economy from the Federal Reserve and signs of a slowing China and Germany drove world stocks sharply lower on Thursday and pushed investors into safer currencies and government bonds.
Europe's debt crisis is the biggest threat to the global economy, the Treasury said on Wednesday, and it called on European policymakers to provide unequivocal support to banks and governments under stress.
Global Economic Crisis: Are we Better or Worse off than 2008? The Greek economic crisis is at the heart of the problems of the world economic crisis and for as long as France and Germany continue to ignore the realities that Greece must be allowed default on its debts, the European and world economies will suffer the consequences.
