Citigroup on Tuesday swooped in to take control of EMI, a blow to the music company's private equity owner which had fought a long battle to keep hold of the debt-ridden label.
Visa Inc said on Wednesday quarterly profit rose 16 percent to $884 million, slightly beating expectations, as consumer spending ramped up and the company processed more transactions abroad.
Stocks stalled on Wednesday as technical measures suggested a five-month rally was growing long in the tooth.
French telecommunications rivals Orange, SFR and Bouygues Telecom have banded together to create an Internet payment company along the lines of eBay Inc's PayPal, French newspaper Les Echos reported on its front page.
President Barack Obama is tracking the monster storm which swept through the central U.S. yesterday and today and is making in impact on the northeast.
Asian exporters of computer and communications equipment in 2009 boosted their grip on the sector during the global financial crisis and now hold two-thirds of the trade, figures issued on Wednesday showed.
There were about 11.2 million illegal immigrants living in the U.S. in 2010, slightly above the prior year’s figures, according to a study by the Pew Hispanic Center, a nonpartisan Washington-based research organization in Washington.
With the Super Bowl just four days away, U.S. prosecutors said they have seized 10 popular websites that illegally streamed live sports and pay-per-view events on the Internet.
The United States will hit a $14.3 trillion statutory limit on its debt slightly later than previously estimated, the Treasury said on Wednesday as it unveiled a still-hefty debt auction schedule.
A U.S. appeals court has rejected Verizon Communications's request for a specific panel of judges to hear its challenge to the Federal Communications Commission's new Internet traffic rules.
Top appliance makers Whirlpool and Electrolux are raising prices to pass soaring raw material costs on to customers, but their attempts may not pass muster with bargain-hungry shoppers.
Anti-secrecy website WikiLeaks has been nominated for the 2011 Nobel Peace Prize, the Norwegian politician behind the proposal said on Wednesday, a day after the deadline for nominations expired.
Top appliance makers Whirlpool and Electrolux are raising prices to pass soaring raw material costs on to customers, but their attempts may not pass muster with bargain-hungry shoppers.
Stocks stalled on Wednesday, a day after the Dow and the S&P 500 closed above important technical levels and at their highest in about 2-1/2 years.
Supporters in Haiti of exiled former President Jean-Bertrand Aristide demonstrated for his return on Wednesday as the country nervously waited to hear who would contest the presidency in a March run-off election.
Apple Inc said on Wednesday that it would kick off online sales of the Verizon Wireless iPhone on February 9, a day before the device hits its store shelves.
U.S. and Afghan military officials hope that months of heavy fighting in southern Afghanistan have enabled them to head off a bloody offensive from the Taliban this spring as U.S. forces prepare to begin their withdrawal.
Yemeni President Ali Abdullah Saleh, eying protests that threaten to topple Egypt's long-time ruler, indicated on Wednesday he would leave office when his current term ends in 2013, after three decades in power.
A huge winter storm pummelled the United States on Wednesday, bringing parts of the Midwest to a standstill, delivering a wintry blow to the Northeast, and disrupting businesses, flights and other transport.
Stocks gained for the second day running on Wednesday with Vodacom (VODJ.J) among the top gainers on upbeat quarterly results while metal prices boosted miners.
Stocks gained for the second day running on Wednesday with Vodacom among the top gainers on upbeat quarterly results while metal prices boosted miners.
Top home appliances makers Whirlpool Corp and Electrolux are raising prices to pass soaring raw materials costs onto customers and will rely on emerging markets to drive growth.
