Shares in Apple Inc were marked lower by investors on Thursday as the company faced a future without its founder and visionary Steve Jobs at the helm. Jobs resigned as as CEO on Wednesday and passed the reins to his right-hand man Tim Cook, saying he could no longer fulfil his duties, but making no
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Turkish soccer champions Fenerbahce's loss of revenues due to its exclusion from this season's Champions League will amount to around 25 mln euros ($36 mln), it said in a statement to the Istanbul Stock Exchange. The Turkish Football Federation announced on Wednesday it had barred Fenerbahce from the competition under pressure from UEFA in connection
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. The resignation of Apple Inc CEO Steve Jobs has opened the door for rival Samsung Electronics at a crucial time in the battle for smartphone supremacy in salesrooms and courtrooms around the world. Jobs passed the reins to his right-hand man Tim Cook on Wednesday, saying he could no longer fulfill his duties, raising
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From San Francisco to Shanghai to Sydney, fans of Apple Inc paid extraordinary tribute to Steve Jobs after he resigned as CEO, calling him an icon for the entire technology industry, not just the company he co-founded. The outpouring on blogs and Twitter began minutes after Jobs, who has been on medical leave since January,
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Asian shares rose on Thursday, pointing to a positive open in Europe, but caution prevailed as investors awaited the outcome of a central bank symposium in Jackson Hole on Friday. Following solid gains on Wall Street, Japan's Nikkei share average advanced 1.5%, while stocks elsewhere in Asia as measured by MSCI added 0.4%. Financial bookmakers
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Google Inc will pay $500 million to settle government charges that it showed ads for pharmacies that operate illegally, regulators are expected to announce on Wednesday, according to a report in the New York Times. The investigation by the United States Department of Justice was revealed by Google in May, when the company disclosed in
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By Jeremy Gaunt, Reuters European Investment Correspondent World stocks were generally weaker on Wednesday and Wall Street looked set for losses as investors shuffled positions ahead of a highly anticipated Jackson Hole speech by Federal Reserve Chairman Ben Bernanke. The mood in Europe was not helped by the Ifo survey showing German business morale posting
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European Union governments are likely to adopt an embargo against imports of Syrian oil by the end of next week to ratchet up pressure on President Bashar al-Assad, an EU diplomat said on Wednesday. The bloc's 27 governments agreed last Friday to explore new sanctions against Assad in response to his five-month crackdown on pro-democracy
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. Forex traders will be glued to their screens on Friday waiting to hear what Fed Chairman Ben Bernanke will say at his speech at an annual central bank conference in Jackson Hole, Wyoming. The fact that last year he used the same venue to announce QE2 has given added importance to the event since
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. For 37 years, we were foolish enough to believe that we could rely on such “golden weapons” as United Nations resolutions, words of comradeship from permanent members of the Security Council and hot winded declarations that Greece would rush to our aid any time we needed military support in order to teach Turkey a
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