Alcatel-Lucent cuts revenue forecast, shares fall
Telecoms equipment maker Alcatel-Lucent cut its full-year revenue forecast on Thursday, sending its shares down by nearly 10 percent and adding further pressures to the recently merged group.
Investors "shouldn't fear Russia power change"
Current pro-market policies are firmly established and will not change with a new president, a top Kremlin aide said.
Japan's ANA suspends all Bombardier planes
All Nippon Airways Co. (ANA) said on Thursday it had suspended all flights using 14 Q400 aircraft made by Canada's Bombardier Inc after the Canadian government said the craft must be inspected.
Sprint to offer online shopping on cell phones
Sprint Nextel Corp customers can now use mobile phones to shop for everything from shoes to televisions in a new service the No. 3 U.S. wireless company has launched to boost revenue.
Paulson says market woes will penalize growth
The U.S. economy will be penalized by the current crisis in credit markets but the overall outlook was still benign, U.S. Treasury Secretary Henry Paulson said in a newspaper interview published on Thursday.
Subprime tension has increased growth risks: ECB
Risks to global expansion have recently increased due to tensions in the U.S. subprime mortgage market and there are fears of growing spillovers to other segments, the European Central Bank said on Thursday. Global economic activity remained robust, however, supported mainly by buoyant activity in emerging economies, the bank said.
Exclusivity? Try a $1.4 Million Car
Lamborghini Built only 20 of its latest road rocket.
Crude oil price hits record above $80
Crude oil prices reached a record high to surpass $80 per barrel on Wednesday after a government report said oil inventories dropped sharply.
Surging euro hits Europe stocks; money market calms
The euro surged to a lifetime high against the dollar on Wednesday, weighing on European shares as investors remained nervous over the health of the U.S. economy even with an expected interest rate cut there next week.
Oil hits record over $80 on tight supply
Crude oil prices vaulted to a record high $80 a barrel on Wednesday as dealers focused on tight inventories in top consumer the United States ahead of peak winter demand. The surge in oil prices came a day after OPEC agreed to a small production hike in an effort to soothe consumer nations' fears that soaring crude costs could slow economic growth.
Wal-Mart's new slogan highlights savings
Wal-Mart is getting rid of its well known tag line, and replacing it with a new one today as it moves ahead with new advertising after a tough year where the retailer's profit dipped.
Bachchan experiments with English in new movie
Working in English and his age are giving the Indian movie icon new opportunities
Tsunami warning issued after quake hits Sumatra
A powerful earthquake measuring 8.2 struck Indonesia's Sumatra region on Wednesday, triggering tsunami warnings in the Indian Ocean and sparking panic in coastal areas across southeast Asia.
U.S. Stocks flat as oil data looms
Stocks were little changed on Wednesday as investors awaited U.S. data on oil inventories, while oil prices extended a rise to record highs, potentially straining consumer spending and corporate profits.
Japan eyes robots to support aging population
It looks like a washing machine on wheels, but the bulky contraption vacuuming the hallways of a Tokyo high-rise is a robot.
Wireless carriers sued for patent infringement
NTP Inc, which last year won a $612.5 million settlement from the maker of Blackberry, has sued four of the top U.S. mobile service providers for infringing eight patents related to wireless e-mail.
Cell phone use safe in the short-term
Cellular phones do not pose short-term health risks, but it remains too soon to say whether they can cause brain cancer or whether children face greater risks than adults, British scientists said on Wednesday.
Nomura, Norinchukin firm to invest in private equity
Nomura Holdings Inc, Japan's largest broker, said on Wednesday it would join hands with Norinchukin Bank in establishing a company which would gather pension money to invest in private equity funds.
Kookmin sees chance of KEB buy, brokerage set-up
Top South Korean retail bank Kookmin on Wednesday reaffirmed its intention to buy Korea Exchange Bank (KEB), even though its smaller domestic rival is subject to a bid from UK-based HSBC.
Astellas in mid-stage trials of new transplant drug
Japanese drug maker Astellas Pharma Inc said on Wednesday it would begin mid-stage trials of a new drug candidate to help prevent organ rejection in kidney transplants.
Home loan demand rises as interest rates tumble
Mortgage applications rose for a second straight week, fueled by demand for home loans as interest rates sank to their lowest since May, an industry group's figures showed Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, rose 5.5 percent for the week ended September 7.
Nasdaq says OMX shareholders prefer its bid
Nasdaq Chief Executive Robert Greifeld said on Wednesday the unvarying response from OMX shareholders has been that they prefer its bid to a rival higher cash bid from Borse Dubai.
Oil above $78 as OPEC fails to calm market
Oil held above $78 a barrel on Wednesday, close to its record high, after OPEC's modest output increase failed to allay fears over stock levels during the coming winter.
Blu-ray, HD DVD battle intensifies as Sony unveils new recorders
The battle for supremacy in the optical disc technology between world's No.2 consumer electronics company, Sony Corp.'s Blu-ray and rival Toshiba's HD DVD, has intensified with Sony announcing that it will launch four models of new Blu-ray high-definition (HD) optical disc recorders in November in Japan.
Sub-prime crisis makes Americans take refuge in credit cards
The housing downturn in the United States - the worst the country has seen in the last 16 years - has made home equity lines of credit more difficult to obtain, forcing consumers back to relying more on their credit cards to finance purchases.
Japan PM Abe resigns over anti-terrorism policy
Japan's Prime Minister Shinzo Abe announced his resignation, Wednesday, over his failure to win backing from politicians for an extension to a Japanese naval mission providing refueling support to US-led operations in Afghanistan.
Deluge of mortgage interest rate resets ahead
Many less creditworthy borrowers may lose their homes when interest rates on a flood of adjustable-rate subprime mortgages reset next month.
Big quake hits Indonesia's Sumatra region
A powerful quake struck measuring 7.9 struck near Indonesia's Sumatra island on Wednesday triggering tsunami warnings in Indonesia, Malaysia and India, officials said.
Japan faces economic headache from aging population
Faced with a shrinking labor force, companies in the world's fastest-aging society are looking to older people as well as younger women, immigrants and even robots to fill the gaps.
China says suffers "massive" Internet spy damage
China has suffered "massive" losses of state secrets through the Internet, a senior official said, as China faces reports that it has raided the computer networks of Western powers.