The Netherlands on Friday backed Germany over the participation of the private sector in a new bailout package for debt-laden Greece, an issue that has set Berlin on a collision course with the European Central Bank.
Lady Gaga appeared on 'Germany's Next Top Model by Heidi Klum.'
Internet video phone company Skype Inc was sued in U.S. federal court Thursday for infringing the patents of a Luxembourg company, which has filed similar lawsuits against Skype in Europe.
Swiss and U.S. authorities have held informal exploratory talks that touched on regularizing untaxed money held by wealthy Americans in secret Alpine accounts, a spokesman for a finance ministry office said.
Stocks fell on Friday, a day after ending a six-day losing streak as weaker trade data from China, the scrapping of a large IPO and ongoing disputes about a second Greece bailout weighed on sentiment.
The top pre-market NASDAQ Stock Market gainers are: Micromet, Verigy, Harbin Electric, Zipcar, Lululemon Athletica, and BioCryst Pharmaceuticals. The top pre-market NASDAQ Stock Market losers are: Diana Containerships, Life Partners Holdings, LM Ericsson Telephone, SIRIUS XM Radio, Research In Motion, and Vodafone Group.
Teen icon Lady Gaga has advised her teenage fans to abstain from having sex for as long as they can.
Caris & Co. said Kindle is a multi-billion dollar opportunity for Amazon.com Inc. (NASDAQ: AMZN). Kindle can generate revenue in excess of $5.48 billion and $1.20 billion in gross profit in 2011, while the brokerage expects at least $8.64 billion in revenue and $2.11 billion in gross profit by 2012.
Siemens said it had discovered evidence of corruption at its business in Kuwait and had involved authorities.
German members of parliament late on Thursday agreed a joint motion for a resolution demanding the fair participation of private creditors in future aid to Greece, several participants said.
Hewlett-Packard is set to enter the tablet race and compete with Apple's iPad by the official arrival of its TouchPad on July 1 in the United States.
The White House is considering a temporary cut in payroll taxes that employers pay on wages, an administration official said Thursday, as advisers to President Barack Obama discuss more ways to boost the economy.
Hewlett-Packard's iPad competitor is set to hit the market in the beginning of July.
Hewlett Packard Co will begin selling its TouchPad on July 1 in the United States for $499.99, debuting the first tablet computer powered by Palm's operating software.
The European Central Bank signaled a July interest rate rise and raised the stakes on Thursday in its stand-off with governments over a new bailout for Greece by rejecting any form of debt restructure.
The European Central Bank said on Thursday it opposed forcing private creditors to take part in debt relief for Greece, pushing back against Germany, which has demanded a bond swap to lengthen Greek debt maturities.
General Motors is considering putting Opel up for sale again as management loses confidence its European arm will return to profitability, two German magazines reported.
France could back a private sector rollover of Greek debt as part of a new EU-IMF bailout if a voluntary formula can be found to avoid wider damage in euro zone markets, sources familiar with government thinking said.
The Netherlands said it will postpone until next year any decision on allowing Bulgaria and Romania into the Schengen zone (which would allow for passport-free travel between the Schengen states).
General Motors is considering putting European arm Opel up for sale again, two German magazines reported.
BlackBerry maker Research In Motion bought social gaming company Scoreloop to help expand its Messenger application, challenged by this week's launch of a similar instant messaging offering from Apple.
McDonald's Corp reported a lower-than-expected rise in May sales at established restaurants as high gasoline prices crimped U.S. spending and Europe's economic woes weakened results from Germany.
