Madoff's NYC, Palm Beach homes get price cuts
It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market.
Motorola eyes $4.5 billion home/networks unit sale: sources
Motorola Inc is in the early stages of looking into a potential sale of its $4.5 billion television set-top box and network equipment business, two sources said on Wednesday.
Market climbs on homebuilder forecast, China data
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.
Ford Europe sales rise 13 percent in October
Ford Motor Co posted its best October sales and market share in a dozen years in its main 19 European markets on Wednesday, but warned that European countries and the EU needed to take further action to bolster auto demand in the region next year.
MGM studio credit default swaps settled at 58.5 pct
Sellers of protection on the loans of Metro-Goldwyn-Mayer are facing losses of 41.5 percent, based on the results of an auction used to determine the value of the bankrupt company's credit default swaps.
Court in Azerbaijan jails opposition bloggers
A court in Azerbaijan sentenced two opposition bloggers to jail terms Wednesday in a case that has stirred international concern over freedom of expression in the oil-producing Caspian Sea state.
Macy's holiday outlook a turkey, stock drops
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.
Microsoft Bing and Wolfram Alfa team up
Microsoft is boosting up its Bing search engine by partnering with Wolfram Alpha and will offer its computational information through Bing's site.
Disney restructures film studio's divisions
Walt Disney Co on Wednesday said it restructured its film studio's marketing, distribution, and operations divisions, reflecting a new strategic direction for bringing content to the market.
Oil rises slightly, market eyes dollar, China
Oil prices rose slightly on Wednesday as the market weighed a rebound in the dollar against data showing strong demand growth from No. 2 consumer China.
AIG's Benmosche considering stepping down: report
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.
CMA Awards 2009 nominees
The 43rd Annual Country Music Awards will be held in Nashville at 8pm ET and streamed live in ABC.
Daily Forecast - 12/11/09
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.
Obama honors Veterans Day in Virginia (Pictures)
President Barack Obama honored fallen troops on Veterans Day Wednesday taking part in the wreath-laying ceremony at Arlington National Cemetery and delivering remarks at the Memorial Amphitheater there.
Saad unit lenders meet, liquidators appointed
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.
Stocks inch up as Fed comments lift sentiment
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.
Stocks inches up as Fed comments lift sentiment
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.
Get ready, America: Here comes Sarah Palin
Get ready, America. Like her or not, Sarah Palin is coming to a city near you.
Oil steadies at $79 on dollar, China demand
Oil prices steadied on Wednesday as the dollar rebounded from 15-month lows, countering data showing strong demand growth from No. 2 consumer China.
Motorola eyes $4.5 billion home/networks unit sale: report
Motorola Inc is in the early stages of looking into a potential $4.5 billion sale of its television set-top box and network equipment business, according to a Wall Street Journal report.
As alliances gain appeal, AMR and Delta vie for JAL
A tug-of-war between American Airlines and Delta Air Lines for Japan Airlines as a global partner underscores the importance of international alliances to the embattled U.S. airline industry.
Samsung Elec to launch open mobile platform in Dec
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.
S.Korea SK C&C jumps in market debut; analysts cautious
Shares of South Korean technology services firm SK C&C Co Ltd soared as much as 22 percent on the company's trading debut on Wednesday, drawing strong interest from local institutions.
China hints at resumption of yuan appreciation
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.
Low Prices Draw Investors Back to Market
Real estate investors are moving back into the market, according to a new survey from Move.com.
Google eyes China as Baidu fumbles
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.
Arizona Kroger, Safeway workers set strike deadline
Union workers at Arizona grocery stores operated by Kroger Co and Safeway Inc set a Friday evening strike deadline if a contract agreement is not reached, a union spokesman said on Wednesday.
GMAC Real Estate Merges With Real Living
Two industry powerhouses Real Living and GMAC Real Estate announced Wednesday they are merging to create a residential real estate franchise with about $20 billion in annual home sales.
Why is Oracle fighting so hard for Sun's MySQL?
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.
Apple tops phone chart as Nokia, Samsung step up
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.
