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Sony posts 4th straight quarter loss

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Sony Corp posted a loss for the fourth consecutive quarter, hit by sluggish cellphone sales and as it cut prices of its PlayStation 3 game gear, but trimmed its full year loss forecast close to market expectations.
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EU fails to agree climate funds

Talks on a new U.N. climate deal stumbled on Tuesday when European Union finance ministers failed to agree funds for poor countries and India reiterated demands for aid to help curb its emissions.
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Spotify to launch mobile offering with 3, HTC

Sweden's Spotify, the European digital music service, will be available to customers of British mobile operator 3 through a new HTC Hero phone, the three companies said on Monday.
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Up rises again overseas

Buoyed by a substantial first-place U.K. debut, the Pixar cartoon Up reclaimed the No. 1 spot on the foreign box office during the weekend.
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Judge backs LG in Whirlpool patent case

LG Electronics Inc said on Monday a U.S. International Trade Commission judge has ruled it has not infringed Whirlpool Corp's patent for ice storage bins placed in refrigerator doors.
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Obama Wins 2009 Nobel Peace Prize

U.S. President Barack Obama has been awarded the 2009 Nobel Peace Prize “for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples,” the Norwegian Nobel Committee said on Friday.
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Tengzhong may finalize Hummer deal Friday: source

China's Tengzhong may finalize a deal to buy General Motors Co's Hummer business for about $150 million on Friday, a source familiar with the deal said, China's biggest brand grab since Lenovo bought IBM's PC unit in 2005.
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Czech president makes new demand over EU treaty

Czech President Vaclav Klaus raised a new obstacle to the European Union's Lisbon reform treaty on Thursday, telling EU president Sweden he wants a footnote added to the document before signing it into force.
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Volvo Cars denies report CEO to leave by year-end

Ford Motor Co's Volvo Cars denied a Swedish newspaper report on Thursday claiming that the unit's chief executive would leave the company by the end of the year, dismissing the article as pure speculation.
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Czech PM reassures EU over treaty

Czech Prime Minister Jan Fischer told European Union leaders Wednesday it was just a matter of time before President Vaclav Klaus signs the EU's Lisbon treaty, the last big obstacle to reforms to give the bloc more clout.
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Ciena bids $521 million for Nortel ethernet assets

Canada's Nortel Networks said on Wednesday it has agreed to a stalking horse offer from U.S. network specialist Ciena Corp to buy its optical networking and Internet infrastructure businesses for $521 million.
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U.S. trio wins medicine Nobel for ageing research

Three Americans won the Nobel prize for medicine on Monday for revealing the existence and nature of telomerase, an enzyme which helps prevent the fraying of chromosomes that underlies aging and cancer.
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IMF members make little headway on power shift

Global finance chiefs made little headway on Sunday in overcoming long-standing disagreements over how much power rich nations should cede to major developing countries at the International Monetary Fund.
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Dispute over control clouds IMF expansion

Fierce disagreement over how much power rich nations should cede to developing countries clouded talks between global finance chiefs on expanding the role of the International Monetary Fund.
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IFC to work with private sector to buy toxic assets

The head of the International Finance Corp said on Saturday that the group plans to work with private equity funds, debt servicing companies and major banks to soak up toxic assets held by banks in emerging markets.
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Incentives key as EU car sales soar, US to slump

Government funds propped up an ailing European auto industry in September, in contrast to an expected slump in sales in the United States after its cash for clunkers scheme ran out of money.
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South Korea, Japan lead in broadband quality study

South Korea surpassed Japan and Sweden to take the top spot in an annual ranking of broadband quality, helped by its government's efforts to boost it as an IT world leader, a study showed on Thursday.

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