Hewlett-Packard, the No. 1 computer company, will phase out an older Intel chip on high-end servers in favor of a newer one. Besides offering more power, another goal could be to battle rival Oracle.
Former Olympus Corp CEO turned whistle-blower Michael Woodford touched down back in Tokyo on Wednesday for a meeting with investigators probing one of Japan's biggest accounting scandals and a showdown with the board that threw him out.
Former Olympus Corp CEO turned whistle-blower Michael Woodford touched down back in Tokyo on Wednesday for a meeting with investigators probing one of Japan's biggest accounting scandals and a showdown with the board that threw him out.
Former Olympus Corp CEO Michael Woodford said on Wednesday that Tokyo police were best able to get to the truth behind one of Japan's biggest accounting scandals, as speculation mounts of possible links to organized crime.
Michael Woodford, whose ouster as CEO of Olympus Corp <7733.T> a month ago spurred revelations of accounting tricks at the camera and endoscope maker, said Wednesday he believed the company's shares should not be delisted but that it needed new management.
Former Olympus Corp CEO Michael Woodford said on Wednesday that Tokyo police were best able to get to the truth behind one of Japan's biggest accounting scandals, as speculation mounts of possible links to organised crime.
World stocks hit their lowest in six weeks on Wednesday and crude prices fell after and manufacturing in regional heavyweight Germany contracted for a second straight month in November, and at a faster rate, as export demand slumped.
A documentary was screened on child poverty in New Zealand showing the stark reality of life for too many children and their families in the country.
After President Barack Obama's commitment this month to a transpacific free trade agreement, business leaders in Europe and United States are asking for a similar initiative across the North Atlantic to spur economic growth and create jobs.
The U.S. economy grew more slowly than previously estimated in the third quarter, but a drawing down of stocks held by companies and firm consumer spending suggested output would pick up in late 2011.
A U.S. official emphasized that diplomatic relations between the U.S. and North Korea will not resume until the Hermit Kingdom agrees to recommit to nuclear disarmament as specified by the 2005 Six-Party-Talks.
The combination will create the largest bourse in Asia -- with listed stocks having a value of $3.6-trillion.
French holiday company Club Med believes its shift upmarket will help it through the tough economic times ahead and is betting on expansion in the Americas and China to drive growth.
The U.S. economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter.
Solar Eclipse on Black Friday, Americans Can’t See
The Eurozone crisis, which has intensified since early 2010, shows no signs of abating and has put several member countries on the brink of default.
Stock markets put in gains Tuesday after a heavy session of losses the previous day, though the respite from worries over U.S. and European government debt looked only temporary.
Jefferies believes based on channel checks and its recent visit to Japan that Sharp is taking share in Apple Inc.'s (NASDAQ: AAPL) iPad 3, iPhone 5 LTE, and iTV displays.
Asian shares edged down Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investors' confidence in the outlook for Western economies.
France's Areva denied a report by Agence France Presse that said the state-owned nuclear reactor maker was planning over 1,000 job cuts in France as part of a strategic overhaul under new management.
Japan's Olympus Corp said on Monday that a third-party panel appointed by the company to look into an accounting scandal has, so far, found no evidence that funds from its M&A deals went to organized crime syndicates or that yakuza gangsters were involved.
French nuclear reactor maker Areva is not expected to cut jobs in France, the French industry minister told Reuters, after Agence France-Presse reported that Areva was planning to reduce its French workforce by 1,000 positions.
