SAP to unveil Web-delivered software
SAP AG will unveil on Wednesday a line of business management programs to be delivered over the Web, becoming the first major software company to make a big bet on software as a service.
Cyber-bullying crackdown unveiled
The new government measures in the U.K. aim to protect pupils and teachers from abusive text messages, phone calls and emails and offensive or violent video clips posted on the Internet.
New mortgage measure could help borrowers compare
Consumers could benefit from a new way to compare the cost of home loans. A dynamic annual rate (DAR) could bring greater transparency to the costs of servicing a mortgage, according to research published by the Council of Mortgage Lenders (CML).
Dollar remains near recent lows
The dollar rose marginally from a 15-year low against a basket of currencies on Friday, as investors debated whether the U.S. currency's decline has gone too far, too fast.
ABC, NBC accelerate TV-on-the-Web moves
The U.S. TV networks strategize to court viewers wherever they spend time.
Hackers control PCs while users unaware
A few weeks ago Candace Locklear's office computer quietly started sending out dozens of instant messages with photos attached that were infected with malicious software.
Buyers souring on $8 billion buyout of Harman: report
The private equity buyers of Harman International Industries Inc are balking at completing the $8 billion purchase of the audio-equipment maker, the Wall Street Journal reported in its online edition on Friday, citing people familiar with the matter.
Nikkei slips on exporters and yen, steel strong
Japanese stocks slipped on Friday, weighed down by selling of exporters such as Canon Inc as the yen edged up against the dollar, with the Nikkei average closing down 0.6 percent.
Google to seek EU approval to buy DoubleClick
Google said it would file on Friday with the European Commission for permission to acquire rival DoubleClick for $3.1 billion.
Wall St set to open higher as Oracle and Nike gain
U.S. stock index futures rose on Friday after Nike and Oracle reported higher-than-expected financial results, but trading was likely to be volatile as equity derivative contracts expired.
House prices to drop much lower: Greenspan
A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, former Federal Reserve chief Alan Greenspan was quoted as saying on Friday.
Shell to begin $7 billion Port Arthur refinery expansion
Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, that will make the plant one of the biggest in the world.
Mattel apologizes to China for toy recalls
The world's largest toy maker, Mattel Inc, apologized on Friday for damaging China's reputation after recent massive recalls of its Chinese-made toys, admitting it targeted some goods that were actually up to scratch.
Pfizer looks to spin off cream of Japan lab
Pfizer Inc, the world's largest drug maker, said on Friday it is in talks with investors about spinning off its Japanese research and development laboratory, albeit as a much smaller organization.
Listed companies to issue over 30b yuan corporate bonds
Statistics show that listed companies plan to issue more than 30 billion yuan (US 3.99 billion) corporate bonds, which permitted by the China Securities Regulatory Commission (CSRC) on August 14, the Shanghai Securities News reported today.
Central SOEs return 17b yuan from 2006 profits
China’s Central State-owned enterprises (SOE) will pay after-tax profits to the government from the beginning of this October, according to the Ministry of Finance.
Morgan Stanley: China may raise interest rate despite US cut
The cut in the United States’ interest rates would not stop China’s interest rate hike , and would not create greater difficulties to the country’s inflation, said an expert from Morgan Stanley.
Oil settles at new record above $83
Crude oil continued its march to new records on Thursday, settling above $83 on a plunging dollar and concerns about a storm in the Gulf of Mexico.
US Dollar Parity with Canadian Dollar: First Time in 31 Years
The Canadian dollar traded equal to the U.S dollar for the first time in 31 years on Thursday and is expected to remain strong atop a five-year run on the nations booming commodities.
Al-Zawahri No.1 Al-Qaeda leader: Report
The world should not watch out for dreaded terrorist outfit Al-Qaeda's leader Osama Bin Laden but should concentrate on capturing his deputy Ayman al-Zawahri, the Sunday Telegraph has reported.
Stocks Retreat After 2 Day Rally
U.S. stocks fell for the first time in three days as a weakened dollar and higher oil prices kindled fresh concern about inflation.
Gold hits another 27-year high on weak dollar, lower rates
Investors continued to flock to Gold on Thursday sending it to another 27-year high on Thursday amid expectations of continuing lower U.S. interest rates brought on by a tough credit market and a weak outlook for the slumping U.S. dollar.
Commodities Rise on Dollar Declines
The dollar sank to its lowest levels against the euro since Europe adopted the currency, and came to parity with the Canadian currency on Thursday.
Al-Qaeda deputy gloats over US "defeat" in Iraq, Afghanistan, declares war against Pakistan in new video
In a new video released by dreaded terrorist outfit Al-Qaeda's media arm As-Sahab, Thursday, September 20, Osama Bin Laden's deputy Ayman al-Zawahri has urged war against Pakistan and said the United States was being defeated in Afghanistan, Iraq and other fronts.
Dollar spirals to all-time low vs. Euro
The dollar continued on its downward spiral on Tuesday, falling to an all-time low against the euro and briefly reaching parity with the Canadian dollar for the first time in almost 30 years.
S.Africa unions back Zuma in ANC leadership race
South Africa's most powerful labor group endorsed Jacob Zuma as the next leader of the ruling African National Congress on Thursday, aiming to nudge him into the presidency and the country towards socialism.
Goldman tops views, Bear falls short amid turmoil
Two Wall Street investment banks had dramatically different success in weathering summer market turbulence as results at Goldman Sachs Group Inc easily exceeded expectations, while those at Bear Stearns Cos Inc fell far short.
Carlyle to sell 7.5 percent stake to Abu Dhabi firm
Private equity firm Carlyle Group said on Thursday it is selling a 7.5 percent stake to an Abu Dhabi investment arm for $1.35 billion in a deal that values the Washington-based buyout company at $20 billion.
Fed, Treasury open to easing loan constraints
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson told Congress on Thursday they are open to letting Fannie Mae and Freddie Mac buy more troubled home loans if the companies control risk and agree to tougher oversight. Both had previously resisted letting the two mortgage finance companies expand their presence in the mortgage market
Robots turn off senior citizens in aging Japan
Ifbot, the resident robot at a Japanese nursing home, can converse, sing, express emotions and give trivia quizzes to seniors to help with their mental agility. Yet the pale-green gizmo has spent much of the past two years languishing in a corner alone.