Deutsche Post sees profit rising
Deutsche Post DHL said a global economic recovery and cost cuts will help it boost its core profit this year, as it halted a slide in revenues last year and demand for air freight and mail started to improve.
China says committed to U.S. debt, wary on gold
China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.
Cyber-bullying cases put heat on Google, Facebook
The Internet was built on freedom of expression. Society wants someone held accountable when that freedom is abused. And major Internet companies like Google and Facebook are finding themselves caught between those ideals.
Sony to launch 3D TVs in June, rivals Samsung
Sony Corp will launch 3D televisions in June, entering an increasingly crowded market that is betting the revolutionary TV will become the next hot product.
Deutsche Post sees 2010, 2011 core profit rising
Deutsche Post DHL said a global economic recovery and cost cuts will help it boost its core profit this year and in 2011.
Stocks pull back from 6-week highs; euro slips
Oil and higher-yielding currencies pulled back from multi-week highs on Tuesday and Asian stocks drifted lower as investors paused in their recent chase for riskier assets.
Fairholme, Pershing to up General Growth investment
Fairholme Capital Management and Pershing Square, two key investors in General Growth Properties Inc , are teaming up to invest another $3.93 billion in the mall operator to help it emerge from bankruptcy, according to a person familiar with the matter.
Marriott plans to double European properties: report
Marriott International Inc plans to more than double the number of its properties in Europe in the next few years, with an announcement from the hotel company expected Tuesday, according to the Wall Street Journal.
Sony to start selling 3D TVs in Japan in June
Sony Corp said it will launch 3D televisions in Japan in June, entering an increasingly crowded field of competition for what many see as the next hot product in the electronics industry.
Global stocks pull back from 6-week highs, euro slips
Oil and higher-yielding currencies shrank from multi-week highs on Tuesday and Asian stocks drifted lower as investors paused in their recent chase for riskier assets.
Lender putting www.sex.com domain on auction block
Sex.com, often touted as one of the most valuable Internet domain names, is due to head to the auction block next week.
EADS defense knot to overshadow 2009 losses
Airbus parent EADS faces crucial decisions on its future as a global defense player even as it unveils 2009 losses for its share of an international bailout of its delayed A400M military transporter on Tuesday.
Greek PM urges G20 effort to rein in speculators
Greek Prime Minister George Papandreou on Monday urged the Group of 20 nations to crack down on market speculators, warning that failing to do so could trigger another global financial crisis.
Northrop declines to bid for tanker work
Northrop Grumman Corp said it would not bid in the U.S. Air Force's multibillion-dollar aerial tanker competition after concluding the rules favored Boeing Co's smaller 767-based plane.
Google, Dish testing new TV search service: report
Google Inc and No. 2 U.S. satellite TV operator Dish Network Corp are jointly testing a television programing search service, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Iran parliament approves Ahmadinejad budget
Iran's parliament approved President Mahmoud Ahmadinejad's 2010/11 budget on Monday, state radio reported, but some lawmakers attacked the plan, saying planned cuts in subsidies could spark runaway inflation.
Six Flags' CFO takes stand in bankruptcy showdown
Six Flags Inc put its chief financial officer on the stand to defend its reorganization plan against attacks by some bondholders, with ownership of the theme park operator at stake.
Toyota says no flaw found with safety electronics
Toyota Motor Corp on Monday sought to discredit an outside study critical of its electronic safety systems and said it had found no flaw with its throttle controls.
U.S. looks to software to help open 3 nations
U.S. officials said they were allowing U.S. technology companies to export chat and social media software to Iran, Sudan and Cuba, with the hope it will help their citizens communicate with the outside world.
Daily Forecast - 9/3/2010
The Aussie dollar began the week on a positive note rising in Asia amidst optimism of a global economic recovery and speculation Greece will be supported financially by other European nations.
Stocks end mixed despite easing Greece pressures
Major U.S. stock indices ended mixed even though American International Group continued raise cash by selling its units and France reiterated its support for Greece and the euro.
California’s Coastal Giant, the Elephant Seal
The central California coast is known for its rugged beauty, but it is also home to a very rare animal.
Nasdaq rises on upgrades, market barely budges
Technology shares pushed the Nasdaq higher on Monday on an otherwise flat day for stocks, led by BlackBerry maker Research in Motion and Cisco Systems.
MetLife seals Alico deal after two-year quest
MetLife Inc pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.
Telecom and tech stocks higher in mixed market
Telecom and technology sector stocks rose on Monday as major stock indices closed mixed.
Charmaine Dragun’s inquest exposes mental health crisis
The inquest of the television newsreader Charmaine Dragun's suicide has signaled a mental health crisis in Australia.
Extra risk that comes from nano-sunscreens
A new Australian modeling study suggested that the most effective nanoparticles in some invisible sunscreens might be the most toxic.
Northrop to skip tanker bid, EADS mulls going solo
Northrop Grumman Corp plans to announce on Monday that it will not compete for the U.S. Air Force's multibillion-dollar aerial tanker contract, forcing Airbus parent EADS to decide whether it will submit a solo bid, according to sources closely following the issue.
Italy court rejects Berlusconi govt ballot appeal
An Italian court refused on Monday to reinstate a candidate list for the Rome province presented by the ruling coalition for regional polls, in an unexpected blow to Prime Minister Silvio Berlusconi's election hopes.
Turnout for Iraq election solid at 62 pct
Turnout in Iraq's parliamentary election was 62 percent, higher than in last year's provincial ballot, despite attempts by Sunni Islamist insurgents to disrupt the vote with attacks that killed 39, officials said on Monday.