Mortimer to leave Morgan Stanley: report
Patrick Mortimer, head of Morgan Stanley's (MS.N: Quote, Profile, Research, Stock Buzz) U.S. prime brokerage business, resigned this week amid declining assets and profits of hedge fund clients that make up the division's client base, the Wall Street Journal said, citing people familiar with the matter.
Quickplay to offer popular TV shows on BlackBerry
Privately-held QuickPlay Media Inc plans to deliver full length popular television shows to BlackBerry smartphone screens via Research In Motion's applications store after forging agreements with TV networks, including NBC, CBS Corp and MTV.
Get junk food out of U.S. schools: PTA, diet group
Congress can fight the epidemic of childhood obesity by getting junk food out of school stores and snack machines, a parent-teacher group and the American Dietetic Association said on Tuesday.
Pistachios recalled in U.S. due to salmonella risk
A California nut grower and processor issued a nationwide recall of pistachios on Tuesday due to possible salmonella contamination, and authorities said consumers should avoid all pistachio products until more information was available.
For Wall Street, March is best month since 2002
Stocks climbed on Tuesday, driving the S&P 500 to its best month since October 2002, as investors snapped up top-performing bank and technology shares as the first quarter came to an end.
Honda to cut North American production, worker pay
Honda Motor Co Ltd said on Tuesday it would cut production in North America by 62,000 vehicles by shutting down factories for 13 days starting in May and said it would cut pay for salaried and factory workers.
Sun Microsystems lays off 1,500 workers
Sun Microsystems Inc. on Tuesday said it is laying off 1,500 workers in US and international operations, at “all functions, geographies and levels,” including vice presidents and directors.
Microsoft shares rises on analyst views
Microsoft shares were raise to Buy from Neutral, as shares rose about 6 percent to $18.37 in the afternoon trading
General Motors sees bankruptcy risk
General Motors warned on Tuesday there was a rising chance it could file for bankruptcy by June as Fiat and Chrysler executives met in a race to complete a tie-up the U.S. government has said Chrysler needs to survive.
France threatens G20 walkout
France threatened on Tuesday to storm out of this week's G20 summit if it did not get the results it wanted, despite Britain's call for countries to unite and restore confidence to a broken world economy.
HP considering using Google Android instead of Windows
Hewlett-Packard Co. is testing Google Inc.'s Android operating system -- which is currently only available on mobile phones -- for its offering of netbooks, small laptops that are primarily used to run Web browsers and applications, according to media reports.
American Airlines extends WiFi offering
American Airlines is expanding in-flight WiFi service to 150 aircraft this year, allowing passengers to surf the Web and check their e-mails while in the air.
Democrats launch push for climate change bill
Democrats in the U.S. House of Representatives launched a sweeping effort on Tuesday to control greenhouse gas emissions and at the same time help industries that will struggle to meet the proposed environmental requirements.
Basra wary of U.S. forces after light British touch
People in the Iraqi city of Basra fear the U.S. troops taking over from departing British forces, whose relatively light touch contrasts with the U.S. military's fearsome, and sometimes trigger-happy, reputation.
Iran pledges Afghan help in new gesture to U.S.
Iran offered help in combating the Afghan drugs trade on Tuesday, in a gesture to a U.S. call for regional support in Afghanistan that Secretary of State Hillary Clinton described as promising.
Obama starts first major foreign trip
President Barack Obama arrived in Europe on Tuesday with a hefty agenda for tackling the economic crisis and seeking support for his new Afghanistan strategy on a trip that will test his global leadership.
Tech spending may fall more in '09 than post-dotcom
Global information technology spending will fare worse in 2009 than during the dotcom bubble collapse of 2001, industry research firm Gartner Inc said on Tuesday in cutting earlier projections.
Lethal e-worm likely to strike April 1, Microsoft offers 250,000 reward for information
PC users are bracing themselves for the latest virus, one so menacing that Microsoft has offered a reward of a quarter of a million dollars for tracking down its creator, which some experts believe will strike on Wednesday April 1st.
Facebook CFO to leave company
Internet social media company Facebook is replacing its chief financial officer and seeking a replacement with public company experience.
P&G sells Johnson Products hair care unit
Procter & Gamble Co said on Tuesday that it has sold its Johnson Products Co unit, which specializes hair care products for African-Americans, to RCJP Acquisition Inc.
UK Lloyds cash injection could be lower -Myners
A clawback of British government-held shares in Lloyds Banking Group by private investors due to a share price differential could cut the amount of taxpayers' cash the bank will need, Treasury minister Paul Myners said on Tuesday.
World Bank offers trade boost ahead of G20
The World Bank announced a $50 billion program on Tuesday to counter a decline in global trade and Britain called on G20 leaders to supply the oxygen of confidence to drag the world economy out of recession.
Sony to slash PS 2 price to $99, PS3 price remains intact
Sony Computer Entertainment America said Tuesday it will cut the price of its PlayStation 2 game system by 23 percent to $99.99 as of April 1.
GM and Ford offer job-loss payments to boost sales
General Motors Corp and Ford Motor Co announced a new series of incentives covering payments if customers lose their jobs, joining rivals in offering heavy discounts to attract consumers sidelined by the recession.
Geithner's crisis rescue moves strengthen Obama ahead of G20
U.S. Treasury Secretary Timothy Geithner heads for a summit of world leaders this week having strengthened his president's hand by rolling out key pieces of a U.S. financial rescue plan.
GM CEO sees more plant closings, job cuts
General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) will close more U.S. plants and cut more jobs and still faces a higher probability of bankruptcy to shed debt, GM Chief Executive Fritz Henderson said on Tuesday.
Angry investors take aim at U.S. bank boards
U.S. activist investors are seeking to oust board members at beleaguered banks whom they blame for helping cause the companies' financial woes, setting the stage for drama at upcoming annual shareholder meetings.
Tibet ‘to reopen’ says China
Tibet will reopen to foreign travellers on 5 April, Chinese state officials have announced to local media.
China Solar plans second listing in 2009
China Solar Photovoltaic SA plans another share offering this year to fund expansion, and the U.S. mainboard is a possibility, its chief operating officer said on Tuesday.
North Korea to try U.S. journalists as launch nears
North Korea said on Tuesday it would put on trial two U.S. journalists arrested this month on its border with China, stoking tensions with Washington ahead of a planned rocket launch that has already alarmed the region.
