As expected, nearly every major original equipment manufacturer introduced or showed a tablet at CES, but the spotlight was on the Motorola XOOM that was the first tablet based upon Google's Honeycomb (Android 3.0) operating system. The RIM booth received high interest, and the Playbook received good reviews.
Many of the U.S. economic indicators, including the unemployment data on Friday, over the past few weeks have given rise to the false belief that the economy is finally improving.
Twitter's fight to make public the fact that it has been subpoenaed by the U.S. government seeking details about all WikiLeaks-related accounts has now put the light on other internet majors such as Google Inc and Facebook.
Genzyme Corp shares rose more than 3 percent on Monday after French drugmaker Sanofi-Aventis confirmed the companies were in direct talks about a takeover deal.
U.S. stock index futures pointed to a lower open on Monday as renewed concerns about the euro zone sovereign debt crisis overshadowed the lift from several large acquisitions.
Data showed on Monday the Chinese trade surplus narrowed in December, easing the conflict between Beijing and Washington over rising U.S. trade deficit even as Chinese President Hu Jintao is scheduled to meet President Obama in the White House on January 19.
Stock index futures were lower on Monday as concerns about the euro zone pressured sentiment and overshadowed news of several big acquisitions.
Sanofi-Aventis shares fell 2 percent on Monday after the French drugmaker said it was in direct talks with bid target Genzyme but that significant differences remained over the price of its offer.
Air France-KLM saw a 2 percent increase in passenger traffic in December after heavy snowfall across Europe and the U.S. that will shave an estimated 70 million euros ($90.36 million) off revenues, the airline group said on Monday.
French drugmaker Sanofi Aventis SA said on Sunday it was in discussions with U.S. bid target Genzyme Corp over ways to value a key Genzyme drug, in a sign the two sides are moving closer to a deal.
The United States and UK have settled a jurisdictional dispute that will allow U.S. inspectors to examine whether the British auditors of Lehman Brothers Holdings improperly cleared questionable accounting, Bloomberg said on Monday.
Nintendo Co plans to ship about 1.5 million units of the 3D-capable handheld game players in Japan in the first month after its launch on February 26, President Satoru Iwata said in an interview with the Nikkei business daily published on Monday.
U.S. stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.52 percent, Dow Jones futures down 0.44 percent and Nasdaq 100 futures down 0.35 percent at 4:05 a.m. EST.
Walt Disney Co is in discussions on allowing content from some of its television networks to be available on sets embedded with Yahoo Inc's Internet-TV software, the Wall Street Journal said, citing people familiar with the matter.
U.S. chemicals group DuPont said on Sunday it will buy Danish food ingredients and enzymes firm Danisco for $5.8 billion to boost its position in the fast-growing food sector.
China's trade surplus narrowed in 2010 for the second straight year, giving Beijing grounds to rebuff U.S. pressure for faster currency appreciation ahead of President Hu Jintao's visit to Washington next week.
China should further diversify its huge foreign exchange reserves away from U.S. government debt to reduce its risk exposure, a central bank official said in comments published on Monday.
A group of private equity firms including Apollo Global Management
is interested in a buyout of food and beverage company Sara Lee Corp , and has made an approach to the company, a source familiar with the situation said on Sunday.Mounting fears over sovereign debt in the euro zone kept the euro tethered to four-month lows against the dollar on Monday, with investors nervous ahead of a flurry of bond sales from the region's weaker states.
If there was any doubt that the global economy remains tightly intertwined, rising commodity prices should put it to rest.
Shoppers will continue to spend more this year, spurred by a slowly improving job market and an uptick in income, but enough shoppers are still struggling with their finances that any increase will be modest, a retail industry expert said.
A coalition of seven major public pension systems, led by New York City Comptroller John Liu, has asked the boards of four of the largest U.S. banks to examine their mortgage and foreclosure practices.
