Apple has seen about 60,000 units of iPhones sold in South Korea on its debut on Saturday, which is pretty good as the nation has already reported 400,000 smartphones sales in the third quarter.
The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed short sales of homes and other loan modification alternatives to stem a rising tide of foreclosures.
The internal watchdog for the U.S. Securities and Exchange Commission is probing whether enforcement staff committed acts of negligence in conducting an insider trading investigation.
The dollar fell broadly on Monday after a pledge to support Dubai's banks eased investors' concerns about the Arab emirate's debt problems, wiping out a safety bid for the greenback and driving it down against a currency basket for a fifth straight month.
Chipmaker Broadcom Corp said on Monday it agreed to buy privately held Dune Networks for around $178 million in cash in a move to bolster its portfolio of network equipment products.
Taiwan's Information Technology (IT) Month 2009, one of its biggest computer and IT products trade shows, has generated sales on the first two days that were up 20 percent year on year, according to the Taipei Computer Association (TCA), the organizer of the event.
The Dubai government said on Monday it was not responsible for the debts of Dubai World, dealing a blow to creditors' assumptions that the Arab emirate would guarantee the conglomerate's liabilities.
Apple is projected to enjoy huge Mac sales from Black Friday, the biggest shopping day in a year, analyst said on Monday, citing third-party retailers as the key.
U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.
U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.
U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.
U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.
Job losses in the United States slowed sharply in November, cushioned by seasonal adjustments and a budding economic recovery that is encouraging some companies to retain workers, a Reuters survey predicts.
More technology companies went public this year despite a world economy still trying to find its footing, and that is a good sign the pace of tech initial public offerings might accelerate in 2010.
U.S. stocks rose on Monday, led by financial shares in a late rebound on hopes that possible fallout for U.S. banks from Dubai's debt woes will be contained.
The Aussie dollar firmed in local trade yesterday with local equity markets recouping some of Friday's large losses.
The United Arab Emirates' central bank governor said on Monday there was no cause for concern about local banks, which he said had proven themselves able to weather the global crisis, the state news agency WAM reported.
Stocks inched lower on Monday with retail shares down after Black Friday and data suggesting weak holiday sales, while data showing expansion in business activity in the Midwest helped to limit losses.
Shares of AIG fell 12 percent on Monday after an analyst raised concerns about a possible deficiency in the company's non-life insurance reserves.
U.S. stocks inched lower on Monday with retail shares down after Black Friday and data suggesting weak holiday sales, while data showing expansion in business activity in the Midwest helped to limit losses.
SmarTone Telecommunications Holdings Ltd. on Monday announced an agreement with Apple Inc. to sell the hot iPhone 3G and 3GS in Hong Kong, making it the second carrier for the popular handset in the city.
U.S. banks have already recognized two-thirds of an estimated $2.1 trillion to $2.6 trillion in credit losses, but prime mortgage and commercial real estate would contribute more to the remaining losses, Goldman Sachs said.
The U.S. manufacturing sector is expected to have grown but at a slower pace in November in a still fragile recovery from the longest recession in decades, according to a Reuters' poll of economists.
Manufacturing in parts of the United States was picking up steam, data showed on Monday, but jobs were lagging the recovery and consumers remained cautious, economists said.
Worldwide server revenue tumbled 15.5 percent in the third quarter to $10.7 billion, industry tracker Gartner said on Monday, with four of the top five vendors posting double-digit declines from a year ago.
Business activity in the U.S. Midwest expanded more than expected in November, reaching its highest level in over a year as new orders jumped, a report showed on Monday.
Dubai's government said on Monday it was not responsible for the debts of its flagship conglomerate, offering little clarity on a plan to delay billions in debt repayments that has rattled world markets.
U.S. stocks declined moderately on Monday as weak data on holiday retail sales prompted questions about the consumer's ability to spend.
U.S. stocks fell on Monday as investors worried that the holiday shopping season might have gotten off to a tepid start as consumers trimmed purchases over the Thanksgiving Day holiday amid concerns about an uncertain economy.
Shares of Best Buy Co Inc , Amazon.com and American Eagle Outfitters Inc rose on Monday morning as investors bet they were gaining a larger share of spending over the holiday shopping season.
