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BSE Sensex rises tracking Asia

BSE Sensex Drops 1.5 pct; TCS Leads Losses

The BSE Sensex fell more than 1.5 percent on Tuesday, dragged down by IT stocks after Tata Consultancy Services reported lower-than-expected quarterly earnings and said the outlook for pricing was tough.

Global retail theft up 6.6 percent in latest year

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Shoplifting, employee theft and organized crime cost the global retail industry $119 billion in the 12 months ended in June, up 6.6 percent from a year earlier, according to survey results released on Tuesday.
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IBM's Q3 disappoints, stock drops

IBM's quarterly results failed to impress investors used to a stellar showing from Big Blue, adding to concerns about lackluster corporate IT spending and dragging its stock down more than 3 percent.
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Fed officials at odds on inflation threat

Fissures at the Federal Reserve over the correct course of future monetary policy were on display Monday, with one top policymaker calling for further easing even as another suggested tighter policy may be needed.
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Fed's Lacker says U.S. inflation still a risk

The Federal Reserve's latest effort to push down long-term borrowing costs is likely to push inflation higher with little benefit to economic growth, a top central bank official said on Monday.
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Moody's warns France on possible negative outlook

Moody's warned on Monday it may slap a negative outlook on France's Aaa credit rating in the next three months if the costs for helping to bail out banks and other euro zone members stretch its budget too much.
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Ceglia told lawyer to ignore Facebook court order

The New York man claiming half of Facebook Inc founder Mark Zuckerberg's stake in the social networking company told his lawyer not to comply with a court order to turn over email data, a court filing shows.
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Industrial output up, NY manufacturing contracts

Industrial production rose in September and a gauge of manufacturing in New York State hinted at stabilization in October, suggesting the factory sector will keep supporting the economic recovery.
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IBM meets Q3 expectations, raises outlook

IBM's third-quarter revenue met expectations as corporate spending on information technology held up in the face of economic worries, and the company bumped up its 2011 earnings outlook.
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RIM shares shed 5 percent after apps offer

Shares of Research In Motion dropped more than 5 percent on Monday after it sought to appease disgruntled BlackBerry customers by offering free apps and technical support to make up for last week's global smartphone outage.
A man walks past the headquarters of IBM Japan in Tokyo

IBM's Q3 heightens caution, spurs sell-off

IBM's quarterly revenue and services signings barely met Wall Street forecasts, underscoring investors' fears about slower information technology spending and depressing its stock more than 3 percent.

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