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Steve Jobs "may never be equaled"

October 05, 2011

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Passionate, prickly, and deemed irreplaceable by many Apple fans and investors, Steve Jobs made a life defying conventions and expectations.

And despite years of poor health, his death on Wednesday at the age of 56 prompted a global gasp as many people remembered how much he had done to transform the worlds o ...

GE tops Wall Street estimates on overseas demand

July 22, 2011

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General Electric Co reported a 21.6 percent rise in profit, topping estimates, boosted by strong demand outside the United States for its heavy equipment including jet engines and electric turbines.

 

The largest U.S. conglomerate said on Friday second-quarter profit attributable to common sha ...

Nasdaq nears rival bid for NYSE

March 15, 2011

Nasdaq OMX Group Inc (NDAQ.O) is closer to making a counter-bid for NYSE Euronext (NYX.N), a source familiar with the situation said, a move that would challenge the Big Board's blockbuster deal with Deutsche Boerse (DB1Gn.DE) by merging two of Wall Street's fiercest rivals.

 

Under the offer being contemplated, the Nasdaq ...

HP shoots for sharp profit jump

March 15, 2011

Hewlett-Packard Co Chief Executive Leo Apotheker, outlining his vision for the company, promised to boost earnings and dividends sharply in coming years as it pushes aggressively into cloud computing.

 

Investors had been keen to hear his plans to enhance profitability at the sprawling computing giant, which is vying with ...

Japan nuclear crisis sparks selling from equities to commodities

March 15, 2011

Shares and other risky assets from the Australian dollar to commodities such as copper and oil slumped on Tuesday while safe-haven assets like U.S. Treasuries rallied as Japan's nuclear crisis worsened.

 

Rising radiation levels at an earthquake-hit nuclear plant in northeastern Japan triggered a huge selloff in Japanese s ...

Japan manufacturers tumble on quake uncertainty

March 14, 2011

Shares in Japanese manufacturers tumbled in the aftermath of Friday's devastating earthquake, as companies struggled to gather information from the stricken area and investors worried production could be suspended for an extended period.

 

The tremor and tsunami killed thousands and knocked out transport and communication ...

Metro economies grow but job growth slow

March 14, 2011

The economies of the biggest U.S. metropolitan areas began to grow again by the end of last year, but the recovery was "slow, uneven and inconsistent" and failed to spur much jobs growth, according to a study by the Brookings Institute released on Monday.

 

"The nation's 100 largest metropolitan areas were seeing widesprea ...

Hacker group releases BofA employee correspondence

March 14, 2011

Anonymous, a hacker group sympathetic to WikiLeaks, released on Monday emails that it obtained from someone who said he is a former Bank of America Corp employee.

 

In the emails dating from November 2010, people that appear to be employees of a Balboa Insurance, a Bank of America insurance unit, discuss removing documents ...

WikiLeaks: As AIG crumbled, China stepped in as broker

March 11, 2011

U.S. officials believe China's insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm's collapse in 2008, according to unpublished diplomatic cables.

 

The U.S. government bailout of American International Group Inc in 2008 sent shock waves around the world, and China ...

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