Business

China To Launch Fresh Pharmaceutical Bribery Probe: Xinhua

China is intensifying its investigation into rampant bribery in the pharmaceutical and medical services sector with a fresh three-month probe slated to begin on Thursday, the official Xinhua news agency reported. The probe by the State Administration for Industry and...

Euro Zone Exits Recession In Second Quarter Slightly Faster Than Expected

Stronger growth in the euro zone's two largest economies, Germany and France, helped the euro zone to emerge from its longest recession to date in the second quarter, confirming expectations a fragile recovery was under way. The 17 countries sharing...

Watsa To Hold Keys To A Blackberry Deal

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BlackBerry Ltd is expected to draw preliminary interest from technology companies, buyout firms and Canadian pension funds, but its fate may ultimately rest in the hands of its largest shareholder, Prem Watsa's Fairfax Financial Holdings Ltd. Any serious bidder would...

Signs Of Euro Zone Recovery Support Shares, Bunds Flat

Clear signs the euro zone has crawled out of an 18-month long recession supported European shares near a 10-week peak on Wednesday and saw German 10-year yields hover near their highest level in almost two months. The German economy grew...

For Dell, Buyout Uncertainty Adds To Poor PC Sales Outlook

Months of public bickering, secretive backroom negotiations and eleventh-hour deals for control of Dell Inc belie the fact that the combatants are vying for a company facing steadily declining sales prospects. The tussle between Chief Executive Michael Dell and firebrand...

Wall Street Opens Lower, Extending Recent Decline

Stocks mostly fell on Monday, extending the previous week's decline as investors found few reasons to buy, though a rally in BlackBerry limited the Nasdaq's decline. The S&P 500 has now dropped for five of the past six sessions, receding...

UK’s Labour Tones Down Criticism Of Tesco And Next

Britain's Labour party toned down its criticism of retailers Tesco (TSCO.L), and Next (NXT.L) on Monday, a day after it said it planned to accuse them of favoring cheaper workers from Eastern Europe over British employees. Chris Bryant, a senior...

Blackberry Says It’s Open To Sale

Canadian smartphone maker BlackBerry, struggling to compete in a difficult market, has set up a committee to look at options, including joint ventures, partnerships or a sale of the company. In a statement released before the market opened on Monday,...

Stock Futures Tick Higher Before Data, Fed In Focus

U.S. stock index futures edged higher on Tuesday, following stocks' slight decline on Monday, as investors braced for housing and consumer data in a week packed with economic numbers. Volume was expected to be subdued before the Federal Reserve released...

HTC Warns Of Third-Quarter Revenue Slide, Turnaround Prospects Bleak

Taiwan's HTC Corp said third-quarter revenue could fall as much as 30 percent from the previous three months, far worse than expected and underscoring deepening troubles for a smartphone maker with little prospect of an immediate turnaround. A delayed launch...