IBT Staff Reporter

Japanese electronics maker Sony Corp said on Tuesday its loss-making mobile phone joint venture with Sweden's Ericsson will likely seek at least 100 million euros ($135.5 million) in funds by March.

Japan's Nikkei stock average rose 2.8 percent on Tuesday buoyed by gains in exporters such as Canon Inc after the yen retreated against the dollar.

Advanced Micro Devices Inc expects its core business to make a net profit by year's end with the personal computer market potentially stronger in the second half, Chief Executive Dirk Meyer said on Monday.

Japan's Nikkei stock average jumped 3.2 percent on Tuesday, with Honda Motor Co and other exporters gaining after the yen retreated against the dollar.

Nvidia Corp Chief Executive Jen-Hsun Huang said the downturn in chip demand appears to have bottomed out and is now growing nicely.

Iomega unveils a BlackBelt Portable Hard Drive 500GB USB 2.0 to be available in June while other Iomega eGo Portable Hard Drive USB 2.0 family of drives are now available.

U.N. Secretary General Ban Ki-moon plans to name former U.S. President Bill Clinton as his special envoy to Haiti, in a move that could attract investment and help stabilize the country, officials said on Monday.

Nine major Japanese electronics companies gave the financial report for FY 2008 by May 15, and all but Mitsubishi Electric Corporation reported loss.

Israel’s largest oil refineries on Monday said its first quarter fell 11 percent particularly in its diesel demand despite oil prices increases in the current global recession.

The market did some strange things today. Those who follow it (and maybe trade it), will tell you it went up. The catalyst: communists lose some Indian political leverage, which will usher American style... socialism... in India, and homebuilders apparently are building homes again. The first item is open to discussion (mostly by political pundits), however to assume that the Indian market can sho...

EU ministers agreed Monday to impose more sanctions on Myanmar in order to release the opposition leader Aung San Suu Kyi.

Aerospace and defense company shares on Monday fell as Goldman Sachs analyst upgraded aerospace sector and downgraded defense cautiously as spending expected to peak next year.

The Pentagon used 300,000 barrels a day of oil - the equivalent to 1.5 percent of the nation's total usage of 21 million barrels a day - Ashton Carter, undersecretary for acquisition, technology and logistics at the Pentagon said today, according to Reuters.

Clothing retailer American Apparel Inc swung to a first-quarter loss, cut its full-year outlook and said it may have to restate prior financial statements due to the classification of its revolving credit facility, triggering a 20-percent slide in its stock.

The United States renewable energy market is by far the most appealing to investors worldwide, according to a survey by KPMG to 200 executives at utilities, producers and banks, Bloomberg reported.

A bill restricting credit card practices is on track to being approved by the U.S. senate; President Barack Obama is expected to sign it into law before the end of the month.

The U.S. climate bill is expected to pass Congress this week according to the Chairman of the House Energy and Commerce Committee Henry Waxman who said he thinks he will obtain a majority of votes, Reuters reported.

Treasury Secretary Timothy Geithner on Monday opposed the federal government placing limits on the compensation of top executives of banks that have received relief from the government.

Marvell Technology Group Ltd Chief Executive Sehat Sutardja said he expects multimedia-enabled smartphones to account for at least 50 percent of all cell phones in the next three to four years, and grow even more popular in the following years.

Jen-Hsun Huang, chief executive officer of graphics chip maker Nvidia, called Intel's chip pricing unfair but said his company will not seek antitrust action against the world's largest chip maker for now.

Jen-Hsun Huang, chief executive officer of graphics chip maker Nvidia, called Intel's chip pricing unfair but said his company will not seek antitrust action against the world's largest chip maker for now.

Digital music supplier Napster said on Monday it is slashing its monthly subscription price to $5 and adding downloads of songs to its streaming service in a bid to expand its customer base and compete with Apple Inc's iTunes.

Smart Grid networking would surpassed the internet to up to 100 times according to Marie Hattar, Vice President of Network Systems and Security, Cisco.

Federal regulators are considering forcing larger U.S. banks to bear a bigger portion of the cost of cleaning up the banking crisis, a source familiar with the plan said on Monday.

American Express Co , the credit card and travel services company, on Monday said it plans to eliminate 4,000 jobs, or 6 percent of its workforce, as the weakened economy causes higher customer defaults.

The 62th World Health Organization's annual assembly opened Monday in Geneva, WHO Director General Margaret Chan told the 193 member states that WHO is prepared to lead the global public health emergency especially if the influenza H1N1 escalates.

Twitter is working on various ways to make money from its fast-growing microblogging service, but advertising is an option that is not currently being considered.

The Aussie dollar followed local equity markets lower in early trade yesterday to test critical technical support ahead of 0.7450.

U.S. President Barack Obama will announce a proposal tomorrow that automobiles sold in the United States in 2016 should meet a fuel efficiency standard of 35 miles per gallon, according to people familiar with the announcement, the Wall Street Journal reported.