Bidders Emerge for Nortel Patents Posted: 02 Feb 2011 06:52 PM PST Nortel Networks expects to select an initial bidder for a massive portfolio of patents within three weeks, drawing from a pool of at least five potential buyers including Apple and Google. |
SNY May Be Part of Mets Deal Posted: 02 Feb 2011 06:26 PM PST The team would consider selling part of the network if needed to lure a minority partner. |
States Widen Currency-Trade Probes Posted: 02 Feb 2011 06:39 PM PST State prosecutors are getting help from an organized group of whistle-blowers in investigating whether banks overcharged public pension funds by tens of millions of dollars for foreign-exchange transactions. |
Asian Shares Mixed; Insurers Rise in Sydney Posted: 02 Feb 2011 07:24 PM PST Asian shares were mixed Thursday after sluggish leads from Wall Street and renewed violence in Egypt stymied demand, but insurance shares in Sydney rose as a cyclone caused less damage than feared. The Nikkei was off 0.1%. |
Microsoft Fires Back at Google Posted: 02 Feb 2011 05:40 PM PST One of Microsoft's top Internet executives called allegations by Google that Microsoft copies its rival's Internet search results "insulting," as the two companies amped up their verbal jousting. |
News Corp. Unveils The Daily Posted: 02 Feb 2011 07:13 PM PST News Corp. launched The Daily, a digital newspaper specifically designed for the iPad and other tablet computers. |
Apple Tightens Reins Posted: 02 Feb 2011 07:15 PM PST Apple is working to funnel more electronic sales of magazines, newspapers and other content through its iTunes store, an effort that is making some publishers uneasy. |
How Boutiques Are Battling the 'Bulge' Posted: 02 Feb 2011 04:59 PM PST As "bulge-bracket" investment banks try to regain the footing lost during the financial crisis, Wall Street's smaller advisory firms are taking advantage. |
Panel Floats Idea of U.S. 'Century' Bonds Posted: 02 Feb 2011 04:47 PM PST Wall Street is pushing the U.S. government to lock in low interest rates for the next few decades by issuing ultralong bonds of as much as 100 years. |
Promoter Crowds Ticketmaster Posted: 02 Feb 2011 06:52 PM PST One of the nation's biggest concert and sports promoters said it is joining forces with a start-up technology company to sell tickets to events at 105 arenas and theaters, in what could become a broader battle with Live Nation Entertainment's Ticketmaster. |
Companies Stock Up as Commodities Prices Rise Posted: 02 Feb 2011 07:31 PM PST Companies contending with rising commodity prices are stockpiling rubber tires, cotton clothing and other goods, a maneuver that is aimed at insulating them from inflation but also could contribute to it. |
Visa's Profit Gains 16% as Consumers Spend More Posted: 02 Feb 2011 02:29 PM PST Visa's fiscal first-quarter earnings rose 16% to top analyst expectations as consumers spent more and the number of transactions processed grew. |
Facebook Sees Egypt Usage Spike Posted: 02 Feb 2011 01:27 PM PST Since Internet access was restored in Egypt on Wednesday, Facebook has seen its highest number of active users ever from Egypt, Facebook said. |
News Corp. Profit Jumps Posted: 02 Feb 2011 05:15 PM PST News Corp. reported a sharp increase in its fiscal second-quarter profit on lower one-time charges and strong gains in advertising at its cable networks and broadcast stations. |
Chimay Pleads Guilty in Fraud Scheme Posted: 02 Feb 2011 01:11 PM PST A former New York money manager who claimed he managed $200 million for his royal relatives in Belgium pleaded guilty to grand larceny and other criminal charges in a fraud scheme. |
Fifth Third Closes In on TARP Exit Posted: 02 Feb 2011 02:11 PM PST Fifth Third Bancorp, one of the largest banks that still holds government bailout funds, said it repurchased the $3.4 billion in preferred stock the Treasury Department held, bringing it close to exiting from the program. |
Google Opens Web Store for Android Apps Posted: 02 Feb 2011 03:46 PM PST Google opened a new Web-based marketplace for applications that run on mobile devices powered by its Android software, one of several moves by the Internet company to keep up with rival Apple. |
BMW, PSA Form Venture For Hybrid, Electric Cars Posted: 02 Feb 2011 11:57 AM PST BMW and PSA Peugeot Citroen agreed to set up a joint venture to broaden their collaboration on hybrid and electric cars, marking the latest auto industry alliance aimed at cutting the formidable costs of developing fuel-efficient technologies. |
Key Moment Looms for Euro Posted: 02 Feb 2011 07:08 PM PST European leaders in Brussels on Friday are expected to confirm the broad outline of a strategy for solving the debt crisis, in a move that is seen as a decisive moment for the euro zone. |
Ex-Banker Handed Long Sentence for Insider Trading Posted: 02 Feb 2011 12:09 PM PST Christian Littlewood, a former Dresdner Kleinwort investment banker, was sentenced to serve three years and four months in prison, the longest prison sentence yet for insider dealing in the U.K. |