The U.S. is one Senate vote away from averting a federal government default and toward taking a step in the direction of fiscal health: The Senate is expected to vote and pass the bipartisan debt deal legislation Tuesday around noon EDT, and President Barack Obama is expected to sign it quickly.
Sony Corp will pull together plans this month to restructure its lossmaking television business and even consider teaming up with other firms, a senior executive said this week, days after the company cut its full-year net profit forecast.
Wall Street equity futures were lower on Tuesday as a last-minute congressional deal to raise the U.S. debt ceiling failed to ease worries about a possible U.S. credit downgrade as questions lingered over the economy's strength.
he British-based bank may slash at least 1,400 more jobs in 2011, after already having eliminated another 1,400 positions this year
Medicare payments to nursing homes would now be slashed 11.1 percent beginning October 1, 2011. This has led to the health care sector witnessing the first triggers of Medicare hospital reimbursement cuts in lieu of raising the federal debt ceiling.
Wall Street equity futures were lower on Tuesday as a last-minute congressional deal to raise the U.S. debt ceiling failed to assuage investor concerns that a credit downgrade could be avoided.
The debt-ceiling deal hammered out by the Republicans and the Democrats in the Capitol has averted the risk of calamitous cuts in federal spending, while ensuring failure to service debt will not arise. However, analysts say some big questions remain to be answered.
Wall Street equity futures were lower on Tuesday as a last-minute congressional deal to raise the U.S. debt ceiling failed to assuage investor concerns that a credit downgrade could be avoided.
Apple?s newly updated Thunderbolt MacBook Air has reportedly been sold out in some stores, as the thin notebook has been in high demand.
Toyota Motor Corp raised its annual profit forecast to a level well below market estimates, warning the stronger yen was hobbling it in the battle against South Korean rivals as it races to restore quake-hit production.
Stock index futures pointed to a lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.2 percent and Nasdaq 100 futures down 0.5 percent at 0919 GMT.
Sony Computer Entertainment said on Tuesday it was buying Sucker Punch Productions, the studio behind the inFamous franchise, as Sony Corp's unit tries to expand its portfolio of original video games.
Toyota Motor Corp reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake hammered production and a strong yen hit export profits, and the company raised its profit forecast on a speedy recovery.
As Apple is priming the supply chain to launch the much awaited iPhone 5 in September, an analyst with Rodman & Renshaw said the form factor of iPhone 5 could be a scaled down version of iPad 2.
World stocks hit a two-week low on Tuesday as markets' focus turned back to weak global growth prospects and the euro zone's debt troubles after a U.S. budget deal that will knock more than $2 trillion off public sector spending in coming years.
South Korea spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves.
The buzz around biofuels is not new but the ability to measure the toxicity of these fuels much before production levels are standardized, could definitely save the environment.
Financial markets will be watching the European Central Bank on Thursday for any hints that recent signs of an economic slowdown and the unrelenting debt crisis have lowered the chances of another rate hike this year.
Pfizer Inc
is expected to report lower quarterly earnings on Tuesday, hurt by competition from generic copies of its Lipitor cholesterol fighter, but investors will focus mainly what the company plans to do after Lipitor faces U.S. generics in November.Turning a new page in her post-shooting life, U.S. Congresswoman Gabrielle Giffords attended Congress last night to take part in the voting on the debt deal.
Japan kept markets on alert for possible yen-selling intervention on Tuesday, with officials saying the currency was too strong and its persistent strength would hurt an economy struggling to recover after the March 11 earthquake.
Samsung Electronics may delay the Australian launch of its latest Galaxy tablet because of a patent lawsuit filed by Apple Inc.
