Nokia unveils 2 new multimedia phones

Nokia unveiled two new high-end phone models, the N79 and the N85, as the world's top cellphone maker battles against increasing competition from the likes of Apple and Samsung. The news lifted

China Mobile says Q2 profit up

China Mobile, the world's largest wireless operator, posted a 51 percent rise in quarterly profit on strong subscriber growth, but faces new competition in China's revamped telecoms sector. With Beijing beginning to

Inquiry probes Fidelity-Goldman ties: report

The New York attorney general's office is probing the relationship between Fidelity Investments and Goldman Sachs Group Inc. in connection with the sale of auction-rate securities, the Wall Street Journal said, citing

FDIC may borrow money from Treasury: report

Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported. The borrowing could

Asia energy shares gain; oil up for 3rd day

Asian exporter shares fell on Wednesday as oil rose to $117 a barrel and developed economies sputtered, though investors found some value in energy stocks and companies dependent on domestic growth. European

Alpha Bank profit up 10.9%, meets forecasts

Alpha Bank, Greece's third-largest lender by market value, said first-half group net profit rose 10.9 percent to 414 mln euros, in line with market expectations. Analysts in a recent Reuters poll had