Morgan Stanley widened its fourth-quarter loss estimate on Goldman Sachs Group Inc, citing a fall in equity, credit and real-estate asset values in November, and rising negative marks on the firm's illiquid
Repairing the giant particle collider built to simulate the "Big Bang" could cost up to 35 million Swiss francs ($29 million), the European Organization for Nuclear Research (CERN) said on Friday. Announcing
Facebook's 120 million users are being targeted by a virus dubbed "Koobface" that uses the social network's messaging system to infect PCs, then tries to gather sensitive information such as credit card
Sales of mobile phones are shrinking faster than expected as consumers are cutting spending, the world's top mobile phone maker Nokia said on Thursday in its second warning in three weeks. "Consumers
China and the United States pledged on Friday to boost efforts to tackle the turmoil engulfing global markets and to continue high-level cooperation when President-elect Barack Obama takes office. But signs of
A report on Friday expected to show the biggest monthly U.S. jobs loss in 26 years is set to pile more pressure on the Federal Reserve to slash rates again and add
European stocks are set to open sharply lower on Friday, tracking weakness in the U.S. markets on disappointing profit outlooks from large companies and as low oil prices sent the energy sector
Asian shares rose on Friday following record rate cuts by central banks in Europe, though risk aversion remained, lifting the dollar ahead of what is expected to be dismal U.S. employment data.
A slew of sharp interest rate cuts on Thursday showed the world's central banks have redoubled their willingness to ease policy as far as it takes in their ongoing battle with the
British entrepreneur Theo Paphitis said on Thursday he had pulled out of the running to buy Woolworths' sweets-to-DVDs retail business, but talks between the administrators, Deloitte, and other suitors are continuing. "It
