Nokia and STMicroelectronics today announced an agreement to deepen their collaboration on the licensing and supply of integrated circuit designs and modem technologies for 3G and its evolution.
The Pakistani government said on Monday it would hold a national election by mid-January, as it came under pressure from the United States for imposing emergency rule and detaining lawyers and opposition politicians.
A Qatari fund has ditched plans for a 10.6 billion-pound ($22 billion) bid for British retailer J Sainsbury, blaming worsening credit markets and the cost of winning support from the firm's pension trustees.
Fear and mistrust gripped Wall Street on Monday after Citigroup's CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage market a $1 trillion problem.
Britain and France rushed to offer reassurance on Monday that their economies and banking systems would ride out global credit turmoil after Citigroup said it could write off $11 billion of subprime mortgage losses.
Heart-failure patients given AstraZeneca Plc's Crestor and standard drugs are just as likely to have heart attacks and strokes or die of cardiovascular problems as those on standard therapy alone, researchers said on Monday.
PepsiCo announced a restructuring on Monday that will split the food and beverage company into three units -- one for food in the United States, one for U.S. drinks and one for food and drinks abroad.
Tesco, the world's third-largest retailer, has begun its long-awaited launch in the United States, opening its first store near Los Angeles.
The United States and Britain heaped pressure on Pakistan's President Pervez Musharraf on Monday, urging him to hold elections on time, as police detained hundreds of lawyers angry at his imposition of emergency rule.
A Qatari fund has dropped plans for a 10.6 billion-pound ($22.1 billion) bid for British retailer J Sainsbury, blaming worsening credit markets and the cost of winning support from the firm's pension trustees.
The October 28 launch of Guitar Hero III: Legends of Rock struck the first chord in a highly anticipated battle of the bands between music-based videogames that will only get louder when rival Rock Band arrives November 20.
Canada's CIBC said on Sunday it would sell a major part of its U.S. capital markets business to Oppenheimer Holdings Inc as it focuses on its core operations.
Six world powers agreed on Friday to push ahead with a third round of U.N. sanctions against Iran relating to concerns about its nuclear program.
The dollar dropped to a record low against the euro and a major currency basket on Friday, on persistent worries about credit and unreported losses at financial firms, which overshadowed a strong U.S. payrolls report.
Nokia's move into Internet operations faced headwinds on Friday, as the cell phone maker postponed the start of its gaming service due to software testing delays, and Warner pulled its songs from Nokia's music shop.
Shares in Barclays fell as much as 8 percent to hit two-and-a-half year lows on Friday amid market talk of funding worries and speculation it is telling analysts to trim profit forecasts.
European shares weakened again on Friday, as investors continued to sell down the banking and financial services sector as worries about the extent of exposure to U.S. home loans continued to weigh.
U.K. airline British Airways said Friday that its first-half net profit rose 50.6% to 485 million pounds, or 41.2 pence a share, from 322 million pounds, or 27.4 pence a share, a year ago. Revenue declined 0.8% at 4.46 billion pounds, impacted by currency movements, and the firm said that it's changing its fiscal-year revenue guidance to between 3% and 3.5% due to continued dollar weakness. However, a weaker U.S. dollar helped the company to contain costs, with fuel costs falling 3.5% in the period. It also said that it now expects fiscal-yeaar costs to decline by 100 million pounds due to the weak dollar, compared to previous guidance for flat costs. The airline said that fuel costs remain a major challenge and sees a fuel bill of more than 2 billion pounds for the year. British Airways posted an operating margin of 12.5% in the half year, up from 9.8% a year ago, and said that it expects to achieve its 10% fiscal-year operating margin target.
U.K. satellite television operator British Sky Broadcasting said Friday that its net profit for the three months ended Sept. 30 fell 28% to 84 million pounds ($174 million), while revenue for the period rose 11% to 1.19 billion pounds.
In the UK the Competition Commission has released an initial report on the groceries industry saying that “the UK groceries market is delivering a good deal for consumers.â€
Asian stocks and oil prices retreated from their peaks on Tuesday and the dollar halted its slide as investors held their fire ahead of a U.S. Federal Reserve policy meeting, where an interest rate cut is widely expected. European stocks also looked set for a weaker start,
EBay division Skype and mobile phone group 3 have launched a mobile handset that allows Skype users to make free Internet calls to each other while on the move.
