Spain doubles target in debt auction, yields down

Spain spread cheer in euro zone markets on Thursday with a successful bond auction where it sold more then double its target and cut borrowing costs in 2012's first real test of appetite for debt from the euro zone's bruised periphery.

Electric vehicle battery costs coming down: Chu

Industry and government are on track to bring down the cost of batteries to power hybrid and electric cars, which is crucial for improving commercial appeal of those vehicles, U.S. Energy Secretary Steven Chu said on Wednesday.

Exclusive: Former Goldman trader Sze's Asia hedge fund down

A hedge fund set up by former Goldman Sachs trader Morgan Sze -- the biggest launched in Asia in 2011 -- lost 6.8 percent last year, two sources with direct knowledge of the matter told Reuters, as it was rattled by a sharp drop in Chinese shares.

Lululemon Founder to Step Down

Yogawear retailer Lululemon Athletica Inc said on Friday that its charismatic founder Chip Wilson will step down from his executive position.


IBTimes Logo

Progress Q1 outlook misses street view, shares down 9

Business software maker Progress Software Corp forecast first-quarter earnings below analyst expectations, as some of its customers continue to delay investments amid macroeconomic uncertainties, sending its shares down as much as 9 percent in trading after the bell.