IBT Staff Reporter

Less than a fortnight into his job as CEO, Kazuo Hirai sketched out a strategy to revive Sony Corp: a major push into smartphones, growth in games and cameras, and big cost cuts in a TV business that has not made a profit in eight years.

Apr 12, 2012

Stock index futures edged higher on Thursday ahead of data on the jobs market and producer prices, while a rise in Italian borrowing costs could cap gains in equities and pressure other risk assets lower.

Apr 12, 2012

Stock index futures edged higher on Thursday ahead of data on the jobs market and producer prices, while a rise in Italian borrowing costs could cap gains in equities and pressure other risk assets lower.

Apr 12, 2012

Stock index futures edged higher on Thursday ahead of data on the jobs market and producer prices, while a rise in Italian borrowing costs could cap gains in equities and pressure other risk assets lower.

Apr 12, 2012

The disappointing performance of the U.S. labor market in March shows it is too early to conclude the economy is out of the woods, despite months of encouraging economic data, New York Federal Reserve Bank president William Dudley said on Thursday.

Apr 12, 2012

Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.55 percent, Dow Jones futures up 0.42 percent and Nasdaq 100 futures up 0.59 percent at 3:34 a.m. EDT (0734 GMT).

Apr 12, 2012

Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.55 percent, Dow Jones futures up 0.42 percent and Nasdaq 100 futures up 0.59 percent at 3:34 a.m. EDT (0734 GMT).

Apr 12, 2012

Groupon Inc, the online coupon company that floated just months ago in the strongest IPO in years, has had recurring accounting problems that critics say show a need for more financial sophistication on its board.

Apr 12, 2012

Less than a fortnight into his job as CEO, Kazuo Hirai on Thursday sketched out a revival strategy for Sony Corp built around mobile electronics - phones, games and cameras - and a medical business with annual sales of $1.2 billion.

Apr 12, 2012

Japan's government stuck to its assessment that the economy is slowly recovering on Thursday but raised its view on exports, saying overseas shipments are showing signs of stabilizing on a moderate pickup in the United States and some return in Asian demand.

Apr 12, 2012

Less than a fortnight into his job as CEO, Kazuo Hirai on Thursday sketched out a revival strategy for Sony Corp built around mobile electronics - phones, games and cameras - and a medical business with annual sales of $1.2 billion.

Apr 12, 2012

The World Bank cut its forecast for China's 2012 economic growth to 8.2 percent on Thursday and said a rebound might not begin before the third quarter of the year as slack foreign demand and a government-induced real estate slowdown restrain a recovery.

Apr 12, 2012

Emboldened energy market regulators are mounting an aggressive new campaign to stamp out a once-common trading practice that crosses physical and paper markets, unnerving traders who fear a backlash over years-old deals.

Apr 12, 2012

Chen Lifeng's dress-making company survived the global financial crisis yet may fall victim to today's milder economic slowdown, one that China deems necessary to secure its future growth.

Apr 12, 2012

U.S. economic activity kept growing moderately in the late winter months but rising energy prices were beginning to worry manufacturers and retailers across the country, the Federal Reserve said on Wednesday.

Apr 12, 2012

The trustee liquidating MF Global's brokerage will ask a bankruptcy court on Thursday to release $685 million to former MF Global customers, a plan already introduced in court filings that has been criticized as neglecting affiliates of the failed firm.

Apr 12, 2012

U.S. securities regulators are preparing to announce that Goldman Sachs will pay $22 million to settle allegations the bank did not have adequate policies to prevent research from being passed inappropriately to preferred clients, people familiar with the matter said on Wednesday.

Apr 11, 2012

The cybersecurity community raked Apple Inc over the coals on Wednesday, saying the company had dragged its heels on eradicating malware that experts say may have infected up to 600,000 Macintosh computers and can be used to ferret out sensitive user information.

Apr 11, 2012

NEW YORK (TheWrap.com) - Brian Farnham, editor in chief of AOL's hyper-local Patch venture, has resigned.

Apr 11, 2012

Microsoft Corp said on Wednesday it won a ruling in a Seattle court effectively preventing phone company Motorola Mobility from immediately obtaining an injunction in Germany that could stop Microsoft from selling its Xbox and other software products there, due to a patent disagreement.

Apr 11, 2012

North Korea is poised to launch its first satellite into orbit; the U.S. says it is a missile test in disguise. And tensions in northeast Asia are high as the North, an impoverished but nuclear-armed nation, engages in saber-rattling ahead of the launch.

Apr 11, 2012

Bank of America Corp's chief information officer is leaving the company and will be replaced by a consumer banking executive, the bank said on Tuesday.

Apr 11, 2012

Two proxy advisory firms are backing a shareholder proposal to split the roles of chairman and chief executive at Wells Fargo & Co , putting pressure on another U.S. bank to revamp its leadership structure.

Apr 11, 2012

Two proxy advisory firms are backing a shareholder proposal to split the roles of chairman and chief executive at Wells Fargo & Co , putting pressure on another U.S. bank to revamp its leadership structure.

Apr 11, 2012

The options market is not expecting a wild ride for shares of Google Inc following the results from the Internet search giant on Thursday, but it is leaving investors vulnerable to surprises.

Apr 11, 2012

Swiss drugmaker Roche Holding AG, in a letter to Illumina Inc shareholders, called its sweetened $51-a-share offer for the maker of genetic analysis equipment a more than reasonable starting point for negotiations.

Apr 11, 2012

The group behind the viral Kony 2012 video that drew world attention to Ugandan warlord Joseph Kony tipped off Ugandan forces in 2009 to the whereabouts of a former child soldier wanted by the Kampala government, according to a classified U.S. cable published by Wikileaks.

Apr 11, 2012

North American oil and gas companies are trying to take the sting out of low natural gas prices by using it instead of costlier diesel fuel to drive their drilling rigs.

Apr 11, 2012

An encouraging start to earnings season helped stocks rebound on Wednesday from five days of losses that pushed the S&P 500 below a key technical level.

Apr 11, 2012