Yahoo Inc and Nokia Oyj said they would team up to boost their mobile Internet offerings, seeking to regain market share lost to rivals like Apple Inc and Google Inc.
Dell Inc said its Streak tablet computer can double as a mobile phone and will have a front-facing camera for videoconferencing -- features it hopes will help the new gadget compete against Apple Inc's iPad.
U.S. Treasury Secretary Timothy Geithner will urge European officials this week to conduct some form of banking system stress tests, CNBC reported on Tuesday, citing an Obama administration official.
A U.S. lawmaker charged with a key role in hammering out a final financial regulation bill said on Tuesday there is no need to force banks out of the lucrative over-the-counter derivatives business -- a potentially big win for Wall Street firms.
U.S. stocks dropped in a broad global sell-off on Tuesday as investors worried that Europe's banking problems could derail the economic recovery.
Stocks sank in a broad global sell-off on Tuesday as investors worried that Europe's banking problems and North Korea's threats of military action against South Korea could derail the economic recovery.
U.S. consumer confidence rose in May to a two-year high as concerns about the labor market eased, according to a private sector report released on Tuesday.
Stocks sank in a broad global sell-off on Tuesday as investors worried that Europe's banking problems and North Korea's threats of military action against South Korea could derail the economic recovery.
Consumer confidence rose for the third straight month in May to the highest in more than two years as concerns about the labor market continued to ease, according to a private sector report released on Tuesday.
Stocks tumbled about 2 percent on Tuesday, tracking a sell-off in global equities, on worries over Europe's banking sector and as short-term funding costs soared.
The Federal Reserve will watch the U.S. economy's progress through autumn and into 2011 as it decides how long it will hold interest rates at ultra-low levels, a top Fed official said on Tuesday.
The Federal Reserve will watch the U.S. economy's progress through autumn and into 2011 as it decides how long it will hold interest rates at ultra-low levels, a top Fed official said on Tuesday.
President Barack Obama is to renew a push on Tuesday to persuade the U.S. Congress to approve a $30 billion plan to spur lending to small businesses and trigger job creation.
Sovereign debt crisis in Europe, a much weaker-than-expected Euro and slightly higher-than-expected non-OPEC supply has forced Bank of America-Merrill Lynch (BofAML) to revises its WTI and Brent crude oil forecasts for second half of 2010 from $92/barrel to $78 per barrel. Yet despite the much reduced likelihood of a robust upswing in global economic activity, BofAML remain cautiously optimistic that the breadth of the recovery outside Southern Europe will prevent a double-dip scenario. Hence it...
Kuwait's General Administration of Customs on Tuesday said country's crude oil exports to China grew 17.8 percent in April to a record high of 1.081 million tons. In a report issued here it said the new figure is equal to 264,000 barrels per day. Kuwait provided 5.1 percent of China's total crude oil imports, compared with 5.7 percent in the same month of last year and 4.5 percent in March.
Most of Prudential's investors are comfortable with its bid for AIG's Asian life unit AIA, its chairman said, moving to dispel fears shareholders may baulk at the $35.5 billion cost of the deal.
European stocks and the euro slumped on Tuesday and German bonds hit a record high as investors worried about the fate of euro zone banks and the impact of austerity measures on economic growth.
The U.S. thrift industry reported its third consecutive quarter of profit, earning $1.82 billion during the first three months of the year.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were down 2.2 to 2.5 percent at 0915 GMT (5:15 a.m. ET) on Tuesday, pointing to a steep decline on Wall Street.
World and emerging stocks slid to their lowest since Sept 2009 and the euro and oil fell on Tuesday on worries over the euro zone banking sector and concerns over tensions on the Korean peninsula.
It is often difficult to guage whether price of a commodity reflects the underlying fundamentals or reflects the mood of investors in financial markets either in terms of risk aversion or increased risk appetite.
World's largest wheat exporter, the US is likely to lose its position to Black Sea states, warned US Department of Agriculture. According to a report from the USDA, Black Sea states of Kazakhstan, Russia and Ukraine look set to raise wheat exports by one half to more than 50m tonnes by the end of the decade, overtaking US for the first time since second World War.
