T-Mobile sold more than 120,000 3G iPhones

Deutsche Telekom's wireless business T-Mobile has sold more than 120,000 new 3G iPhones since its sales launch on July 11 despite distribution problems, its chief executive told a German weekly magazine. Hamid

Commerzbank down on Dresdner talk

Commerzbank was down on talk it is trying to seal a deal for Dresdner. Commerzbank fell 1.1 percent and Dresdner's owner Allianz gained 1.4 percent after sources close to the matter told

Oil rises above $115 after steep slide

Oil rose above $115 a barrel on Monday as some investors saw buying opportunities after prices posted the biggest one-day slide in percentage terms since 2004 in the previous session. Analysts said

Syrian FM to pay official visit to Cyprus

Foreign Minister of the Syrian Arab Republic Walid al-Muallem will pay an official visit to Cyprus August 26-27. During his visit al-Muallem will have official talks with his Cypriot counterpart Markos Kyprianou

Business puts the party in U.S. party conventions

By Kevin Drawbaugh Corporate America is lavishing parties on Democrats and Republicans at their presidential nominating conventions, defying promises by lawmakers to "drain the swamp" of special-interest influence in government. Late-night cocktails,