Progress on Greek debt swap but deal not guaranteed: troika
Talks on a Greek debt swap deal are making progress but there is no guarantee they will lead to a voluntary deal with a high level of participation by private bondholders, a senior troika official said on Friday as EU, IMF and ECB inspectors wrapped up a one-week visit to Athens.
Galaxy and iPhone to top smartphone holiday sales
Apple's long-awaited iPhone 4S and Samsung Electronics' fresh, broad offering are likely to stand out in this holiday season's smartphone sales which will otherwise be clouded by global economic uncertainty.
Futures rise in thin volume, inflation data eyed
Stock index futures rose on Friday in thin volume as key euro zone bond yields eased ahead of the release of U.S. inflation data.
Analysis: Emerging borrowers face rollover risk, default threat
Scarce dollar funding and a retrenchment in bank lending will force up premiums for emerging market countries and companies refinancing debt next year, adding to strains on public finances and potentially triggering a surge in corporate defaults.
Monti wins vote on Italian austerity package
Italy's government easily won a confidence vote on its tough austerity package on Friday, the first step in parliamentary approval for sweeping measures aimed at saving the euro zone's third-largest economy from financial disaster.
Analysts Slam RIM's Latest Phone Delays
Several brokerage firms trimmed their price targets on Research in Motion shares and questioned the BlackBerry maker's ability to recover, after the company further delayed the release of its new line of smartphones.
Stock futures signal higher open for equities
Stock index futures pointed to a higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 rising 0.3 to 0.6 percent.
Arsenal Vs AC Milan, Chelsea Vs Napoli in Uefa Champions League Last-16 Draw
The draw for the knock-out rounds of the Uefa Champions League has thrown-in some enticing fixtures, with the clashes between English and Italian sides especially intriguing.
Europeans lukewarm on Nokia Windows phone: survey
European consumers show little interest in Nokia's first smartphone using Microsoft's Windows Phone software, a survey by Exane BNP Paribas showed on Friday.
RIM delays QNX phones, offers dismal outlook
Research In Motion posted a sharp drop in profit on Thursday, offered a dismal outlook for BlackBerry shipments around Christmas and delayed the likely arrival of a make-or-break overhaul of its smartphones, sending its shares tumbling.
Deutsche Bank Starts Asset Manager Sale: Sources
Deutsche Bank AG has launched the sale of a large chunk of its global asset management business, with a price tag seen between 2 billion euros ($2.6 billion) and 3 billion, two financial sources familiar with the sale process said on Friday.
Japan aims to bolster M&A disclosure after Olympus scandal
Japan signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.
Italy's Monti faces confidence vote on austerity
Italy's government faces a confidence vote in parliament on Friday, called to speed up approval of a 33-billion euro ($43 billion) austerity package intended to restore financial market confidence in the euro zone's third largest economy.
Chinese Internet video firms tussle over copyright
China's top online video firm, Youku.com, said on Friday it has initiated legal proceedings against rival Tudou Holdings for allegedly infringing on the copyright of its videos.
U.S. Stock Futures Signal Higher Open for Equities
Stock index futures pointed to a higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 rising 0.3 to 0.6 percent.
World Stocks Rise from 3-Week Low
World stocks rose on Friday after upbeat U.S. data and corporate results, while concerns over the European banking sector and nervousness about potential ratings downgrades in European sovereign debt underpinned German government bonds.
Beijing Demands Real Name Registration for Microblogs
The Beijing city government announced Friday users of popular Chinese microblogging sites like Sina's Weibo must register with their real personal information and have three months to comply.
Beijing city demands real name registration for microblogs
The Beijing city government announced on Friday users of popular Chinese microblogging sites like Sina's Weibo must register with their real personal information and have three months to comply.
Japan Aims to Bolster M&A Disclosure After Olympus
Japan has signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.
Angry Birds Maker Eyes 2013 Hong Kong IPO: Report
Finnish gaming firm Rovio, creator of Angry Birds, the world's most popular computer game, is planning an initial public offering on the Hong Kong stock exchange in 2013, Finnish weekly Tekniikka&Talous reported on Friday.
Tests show LightSquared still disrupts GPS
LightSquared's prospects for getting its wireless network off the ground were dealt another blow this week as U.S. government tests found that the signal of the telecom startup would cause harmful interference to a majority of GPS devices.
Dudley: Fed's dollar lines shield U.S. from Europe
A top U.S. Federal Reserve official on Thursday defended the central bank's decision to provide dollars for overseas banks stressed by Europe's debt crisis, saying the action was needed to protect the U.S. economy.
Cablevision could be in play as Rutledge quits
- - The surprise resignation of Cablevision System Corp's top cable executive Tom Rutledge sparked Wall Street and investor speculation on Thursday that the Dolan family controlled company could become an acquisition target.
Accenture sounds caution as economy sputters
Accenture Plc posted strong quarterly results but the technology outsourcing and consulting company's cautious view of the second quarter amid the worsening global economy sent its shares down after market.
Adobe results beat Street view, shares rise
Software maker Adobe Systems Inc, the maker of Photoshop and Acrobat software, released quarterly results that beat Wall Street projections, sending its shares up 3 percent.
Fitch Downgrades Seven Global Banks
Fitch Ratings, the third-biggest of the major credit rating agencies, downgraded seven global banks based in Europe and the United States, citing "increased challenges" in the financial markets.
Amgen names new CEO, raises quarterly dividend
Amgen Inc , the world's largest biotechnology company, said Chief Executive Officer Kevin Sharer will retire next May, and be replaced by Chief Operating Officer Bob Bradway.
Stanford competent to stand trial: prosecutors
Prosecutors are asking a federal judge to rule that financier Allen Stanford has regained competence and can stand trial over an alleged $7.2 billion Ponzi scheme.
Olympus shares tumble again before creditors meet
Shares of Olympus tumbled as much as 11.4 percent on Friday as the company prepares to meet its creditors later in the day.
Fitch downgrades six global banks
Fitch Ratings on Thursday downgraded six global banks as part of its review of the ratings of the world's largest financial institutions.
