Shares of 3Com Corp soared more than 35 percent in extended trading on Wednesday after Hewlett-Packard Co agreed to acquire the networking solutions provider for $2.7 billion, while HP shares slipped 0.7 percent to $49.65.
The Dow and the Standard & Poor's 500 index closed at 13-month highs on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.
Acer and Apple have gained the most market share in PC sales in Europe, especially in the UK, while most other vendors are facing a difficult time, Gartner said in a research note on Wednesday.
The president of Calpers urged fellow board members at the biggest U.S. public pension fund on Wednesday to back his plan to require placement agents to be subjected to laws for lobbyists in response to events alleging their undue influence over investment decisions.
American International Group Inc Chief Executive Robert Benmosche said on Wednesday he remains totally committed to staying at the company, countering an earlier report that he was considering stepping down.
The Standard & Poor's 500 index closed at a fresh 13-month high on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.
U.S. department store operator Macy's Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 8.1 percent.
American International Group Inc Chief Executive Robert Benmosche said he and the company's board are frustrated about restrictions on pay and are in discussions with the U.S. government about them, according to an employee letter obtained by Reuters.
The Australian Dollar opens steady against the greenback at 0.9280. The Aussie spent most of the domestic trading the ranges between a low of 0.9275 and a high just above US93 cents.
Creditors of Saad Investments Company Ltd held their first official meeting on Thursday, accountancy firm Grant Thornton said, taking a next step in the troubled firm's restructuring process.
U.S. stocks edged up on Wednesday as comments by Federal Reserve officials suggested interest rates will stay low for some time, but gains were limited by strength in the U.S. dollar.
U.S. stocks edged up on Wednesday as comments by Federal Reserve officials suggested interest rates will stay low for some time, but gains were limited by strength in the U.S. dollar.
Oil prices steadied on Wednesday as the dollar rebounded from 15-month lows, countering data showing strong demand growth from No. 2 consumer China.
World No. 2 mobile phone maker Samsung Electronics said on Tuesday it would launch its own open mobile platform in December as it tries to make up for a late start in the red-hot smartphone market.
China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.
In 2005, China administered a spelling test that asked respondents to spell Google for a search market report: only 60 percent took the test and more than 20 percent got it wrong.
Oracle Corp has allowed regulatory approval of its $7 billion acquisition of Sun Microsystems Inc to drag on for months due to controversy over a database that most users get for free.
The world's two largest cellphone makers, Nokia and Samsung Electronics, unveiled on Tuesday their latest rivals to the iPhone as Apple became the top profit generator in the handset industry.
In the longstanding rivalry between Japan and South Korea, near-neighbour North Asian technology industry heavyweights, the pendulum has swung Korea's way, helped by currency shifts, but also due to marketing and product savvy and nimbler production strategies.
China's top online game operator Tencent Holdings said on Wednesday that its quarterly net profit doubled to a record high thanks to surging popularity of its online games.
Tencent Holdings, China's most valuable Internet firm, faces challenges from regulation and competition to maintain its breakneck pace of growth after reporting a near doubling in third-quarter profits.
Electronic Arts Inc's purchase of Playfish shines a spotlight on an increasingly lucrative segment of the computer games market, one likely to see more deals.
A senior Citigroup Inc executive said the bank is comfortable with its valuation for an asset that one accounting expert expects to be written down.
The Dow industrials and the S&P 500 index made new yearly highs on Wednesday after data showed China industrial output surged and Federal Reserve officials hinted money would remain cheap well into 2010.
The Dow industrials and the S&P 500 index made new yearly highs on Wednesday after data showed China industrial output surged and Federal Reserve officials hinted money would remain cheap well into 2010.
Department store operator Macy's Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 7 percent.
Oil rose toward $80 on Wednesday, responding to a 15 month low in the dollar and robust Chinese demand growth and factory output.
U.S. stocks climbed on Wednesday as optimism spread after a jump in Chinese factory growth and comments from Federal Reserve officials suggested interest rates would remain low well into 2010.
Department store operator Macy's Inc forecast earnings for the critical fourth quarter far below Wall Street expectations, sending shares down 3.4 percent in premarket trading.
