Apple's Steve Jobs named CEO of the decade
San Francisco - He single-handedly saved Apple, wrought a revolution in online music, created a world-beating smartphone and led Pixar to dominate computer animation. So it's no surprise that Apple chief executive Steve Jobs was named CEO of the deca...
[Posted on :
2009-11-05 ] Category : [
US (Business) ]
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Hyatt raises nearly 1 billion dollars in stock offering
New York - International hotel chain Hyatt raised nearly 1 billion dollars Thursday in what was the third-largest initial public offering of stock on US markets this year. The Hyatt group is controlled by the Pritzker family, one of the richest in th...
[Posted on :
2009-11-05 ] Category : [
US (Business) ]
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US prosecutors charge 14 in widening insider trading scandal
New York - The United States has charged 14 more people as part of a widening crackdown on insider trading on Wall Street, prosecutors announced Thursday. A total of 20 top hedge fund managers and their accomplices have now been charged for allegedly...
[Posted on :
2009-11-05 ] Category : [
US (Business) ]
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Unilever shares drop after announcing lower Q3 turnover
Amsterdam - Share prices for British-Dutch food multinational Unilever dropped Thursday morning after the company reported third quarter turnover which fell short of analysts predictions. By 10 am (0900 GMT), Unilever shares had fallen 2.5 per cent t...
[Posted on :
2009-11-05 ] Category : [
US (Business) ]
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News Corp earnings rise on cable TV and film gains
Los Angeles - Media conglomerate News Corp posted an 11-per- cent rise in quarterly earnings Wednesday as strong performances by the company's film and television businesses offset losses at its newspapers and broadcast television units. The New York...
[Posted on :
2009-11-04 ] Category : [
US (Business) ]
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Cisco earning drop 19 per cent but beat expectations
San Francisco - Networking equipment giant Cisco reported a 19-per-cent drop in first quarter income Wednesday as sales dropped 13 per cent. However the results were above analyst expectations and marked the second quarterly improvement in a row, sig...
[Posted on :
2009-11-04 ] Category : [
US (Business) ]
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Small gains for US stocks as Fed keeps rates steady
New York - US stocks posted mild gains Wednesday as the Federal Reserve kept interest rates at their record low of close to 0 per cent. The central bank signalled it would continue to keep its benchmark federal funds rate at 0-0.25 per cent for an e...
[Posted on :
2009-11-04 ] Category : [
US (Business) ]
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