Gold to power nanotechnology revolution: WGC
The World Gold Council (WGC) has published 'Gold for Good: Gold and nanotechnology in the age of innovation', a research paper detailing new scientific and technological innovations using gold. The report, which was produced in conjunction with Cientifica Ltd, the world's leading source of global business and investor intelligence about nanotechnologies, demonstrates how gold nanoparticles offer the potential to overcome many of the serious issues facing mankind over the coming decades.
China surprises with further rise in banks' reserves
China raised the level of reserves banks must hold for the second time this year on Friday, spooking financial markets on the eve of its New Year holiday by showing it was intent to curb lending and inflation.
Leaf Clean, Trading Emissions merger faces hurdle
A shareholder in investment fund Trading Emissions and Leaf Clean Energy will oppose a merger, the two sides said on Thursday, a change in position that has thrown the deal into doubt.
German halt, Italian reverse hit euro zone recovery
Europe's post-recession recovery hit a roadblock on Friday as German economic growth unexpectedly halted and Italy went into reverse in the final quarter of 2009, knocking total euro zone GDP growth almost flat.
Futures fall after China raises reserve requirements
Stock index futures fell on Friday after China surprised global markets by increasing banks' reserve requirements, raising worries about the impact of eventual monetary tightening on global growth.
IMF offers to help Greece; EU disappoints markets
The International Monetary Fund on Friday joined the European Union in pledging support for Greece in its struggle to bring its ballooning budget deficit under control and contain its debt crisis.
Futures point to lower start on Wall Street
Stock index futures pointed to a mostly lower open for U.S. shares on Friday, following strong gains in the previous session, as a pledge by European leaders to support Greece eased worries about a crisis in the euro zone.
Motorola to split business into two in 2011
Motorola Inc said it aims to split into two companies in the first quarter of 2011, one to focus on cellphones and television set-top boxes, and the other on enterprise networking.
Shareholder wants Six Flags' management replaced
A holder of Six Flags preferred shares asked a federal judge to appoint a trustee to run the bankrupt theme park operator because current management has breached its fiduciary duty and suffers conflicts of interest.
Madoff's brother, sons subject of criminal tax-fraud cases: WSJ
The brother and sons of imprisoned swindler Bernard Madoff are the subject of criminal tax-fraud cases by federal prosecutors in Manhattan, the Wall Street Journal reported, citing people familiar with the matter.
iTunes approaches 10 billion downloads
NEW YORK - Apple's iTunes Music Store on Thursday launched Countdown to 10 Billion Songs, and is planning to give away a $10,000 iTunes gift card to the customer who buys the song that turns the counter to eleven digits.
Ex-Goldman programmer indicted over HFT code theft
A former Goldman Sachs Group programer was indicted on charges he stole computer code for the investment bank's high-frequency trading platform, federal prosecutors said on Thursday.
Toyota chief plans U.S. trip as Congress seeks answers
Toyota Motor said on Friday its embattled head is planning a U.S. trip early next month but would not confirm whether he would attend congressional hearings probing the automaker's safety recalls.
Restaurant results dash 2010 recovery hopes
Chipotle Mexican Grill Inc , Buffalo Wild Wings Inc and BJ's Restaurants Inc dashed high hopes that 2010 would be the year that the mid-tier restaurant industry makes a comeback.
Rajaratnam wins ruling, wiretap turnover on hold
Galleon Group hedge fund founder Raj Rajaratnam, facing criminal and civil charges in a multimillion dollar insider-trading probe, won an emergency order relieving him from having to immediately turn over wiretap recordings in the civil case.
Google staunchly defends pact to digitize books
Google Inc argued in a staunch and sometimes eloquent brief that an agreement reached with the Authors Guild to digitize millions of books was legal and a contribution to human knowledge.
Judge demands details on $150 million SEC-BofA deal
A federal judge weighing a U.S. Securities and Exchange Commission $150 million settlement with Bank of America Corp has demanded more details on why bank shareholders were left in the dark about problems at Merrill Lynch & Co before approving that company's takeover.
Judge has questions on $150 million SEC-BofA accord
A federal judge has ordered the U.S. Securities and Exchange Commission and Bank of America Corp to answer questions about their proposed $150 million settlement to resolve the regulator's two lawsuits over the Merrill Lynch & Co takeover.
Alcon profit rises as Novartis takeover looms
Eye care products maker Alcon Inc , which is being acquired by Swiss drugmaker Novartis AG , reported higher fourth-quarter profit on Thursday, helped by double-digit sales increases in the U.S. and emerging markets.
Senators lift financial reform talks back on track
In an unusual move that cut a senior Republican out of the loop, bipartisan U.S. Senate negotiations resumed on Thursday on financial regulation reform, a top priority of the Obama administration.
Yahoo executives address misconception about search
Yahoo Inc executives defended the company's commitment to Internet search on Wednesday, vowing to reverse the erosion of the company's market share and to fix the misconception that the company has given up on the business it helped create.
Palm suspends production due to Chinese New Year: source
Palm Inc is suspending production of its smartphones for the Chinese New Year, as all of them are made in China, but it will resume operations by the end of the month, a source told Reuters on Thursday.
Rajaratnam says to appeal over wiretaps order
Galleon hedge fund founder Raj Rajaratnam, facing criminal and civil charges in a multimillion dollar insider-trading probe, filed a notice of appeal against a U.S. judge's order that he turn over wiretap evidence in the civil case.
United Tech considers bigger bets in clean tech
United Technologies Corp is interested in making bigger investments in alternative energy, possibly including a majority stake in wind turbine maker Clipper Windpower Plc, a top executive at the diversified U.S. manufacturer said on Thursday.
EU's backing of Greece, data boost Wall Street
Stocks rose on Thursday after a pledge by European leaders to support debt-laden Greece eased fears of a broader euro zone crisis and upbeat data from China spurred mining and material stocks.
Microsoft announces Office 2011 for Mac
Microsoft unveiled details of its latest Office suite for Mac on Thursday, saying the product will arrive in time for this years Holiday season.
Bill Clinton in good spirits after heart procedure
Former President Bill Clinton underwent a successful heart procedure on Thursday to open a blocked artery in his heart with two stents after he had experienced chest discomfort, his spokesman said.
Google signs deal to buy social search company
Google Inc has acquired Aardvark, a San Francisco start-up whose service melds Internet search and social networking.
FirstEnergy to buy Allegheny for $4.7 billion
Ohio-based power company FirstEnergy Corp plans to buy Pennsylvania's Allegheny Energy Inc for $4.7 billion in stock to create one of the largest U.S. utilities, but regulatory hurdles loom.
Philip Morris profit up, sets $12 billion buyback
Philip Morris International Inc posted higher-than-expected fourth-quarter profit on Thursday and announced a new $12 billion share repurchase program, sending its shares up more than 4 percent.
