Telecom operators globally are expected to cut spending on their networks this year, hitting equipment makers that were only just beginning to recover from intense price wars and the last economic downturn.
Novartis AG is cutting nearly 2,000 jobs in the United States ahead of the patent loss of top-selling blood pressure drug Diovan as it braces for tough market conditions and a slump in sales of another key drug.
The U.S. economy will slow down in the early months of the year, then accelerate and finish the year having grown nearly 3 percent, according to the country's Chamber of Commerce.
Asif Ali Zardari returned to Pakistan on Friday from a trip to Dubai, his spokesman said.
Bank of America Corp , the second-largest U.S. bank by assets, has informed U.S. regulators that it is willing to draw back from some parts of the country if its financial problems worsen, the Wall Street Journal reported on Friday, citing people familiar with the situation.
As per the Mayan calendar, the 13th Baktun which falls on Dec. 21, 2012, is considered the day of the apocalypse. In the Georgian calendar, Friday the 13th is set to appear two more times this year However, whether there's any truth to the superstition can't be said with absolute conviction.
China's official reserves slipped to $3.18 trillion in the final quarter of 2011, signaling that the days of rampant export-led accumulation of foreign currency are numbered and that new monetary policy steps may be needed to counter capital outflows.
Experiencing the cuisine and food of a country or a region is considered one the key practices of a good tourist. Food is given due importance alongside climate, accommodation and scenery while choosing a place to visit.
First Lady Michelle Obama is now on Twitter. Fans said hello to mo as she joined one of the Internet's biggest social networking sites on Thursday.
Leaders of a congressional subcommittee are urging the Department of Homeland Security to extensively monitor social media sites like Twitter and Facebook to detect current or emerging threats.
Apple Inc's flagship Beijing store was pelted with eggs on Friday when hundreds of enraged shoppers, many of whom had waited in line overnight, were told the store would not begin sales of the iPhone 4S as scheduled.
Asian shares rose to a one-month high and the euro clung near its strongest in a week Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.
Samsung Electronics ruled out making a bid for the healthcare business of Japan's troubled Olympus Corp on Friday, though a source close to the South Korean firm said it remained open to some form of non-equity partnership.
Oprah Winfrey feels a new freedom after leaving her wildly successful daily TV talk show behind and taking a new course seeking interviews with newsmakers on their own turf.
The government is abruptly arguing that the same-sex marriages of many foreigners who wed in Canada are not valid, a move that stunned the gay community and could affect thousands of couples.
The lawmaker behind a bill to combat online piracy vowed on Thursday to press ahead in the face of fierce criticism from Internet giants such as Google and Facebook.
The lawmaker behind a bill to combat online piracy vowed on Thursday to press ahead in the face of fierce criticism from Internet giants such as Google and Facebook.
Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand for Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.
The wireless industry is looking at new ways to deliver mobile video services and charging consumers as it tries to boost usage without overloading networks, a top Verizon Wireless technology executive said.
Airlines are ringing in the new year with higher ticket prices after Delta Air Lines Inc filed a domestic price increase of $20 roundtrip on longer-haul routes this week, a move that major U.S. rivals matched on Thursday.
A group of chief executives at more than 200 large U.S. companies urged a federal appeals court to undo a judge's controversial decision making it harder for companies to settle Securities and Exchange Commission fraud cases.
A group of chief executives at more than 200 large U.S. companies urged a federal appeals court to undo a judge's controversial decision making it harder for companies to settle Securities and Exchange Commission fraud cases.
