Shares of the world's hottest technology stocks joined hard-pressed financial stocks in a sharp sell-off on Monday as investor fears mounted that the crisis on Wall Street was dampening U.S. consumer demand. Apple Inc tumbled 18 percent to its lowest close in 16 months after two brokerages downgraded the stock on slowing global consumer demand

A group founded by several major media and technology companies plans to promote the Web as a place for consumers to get songs, television shows and movies without resorting to piracy. Organizers of the group, which is called Arts+Labs, are touting it as the first time technology companies and content creators have met in a

A group of 16 leading telecoms and IT companies is uniting to promote mobile broadband in a marketing initiative worth more than $1 billion over the next year under the auspices of the GSM Association. The companies — which include Vodafone, Microsoft and Asustek — aim to make it simpler for consumers to identify laptops

Recession fears grew and investors raced for safe havens after U.S. lawmakers' shock rejection of a $700 billion rescue plan for the financial industry, with Asian stocks skidding after Wall Street's biggest fall since the crash of 1987. Violent market reaction increased pressure on Washington to approve compromise bailout legislation and fuelled expectations that the

Markets getting hammered as bailout plan unexpectedly rejected Charis Charilaou Chief Dealer History usually repeats itself and after US lawmakers chose to reject the US Treasury’s $700 billion bail out plan, one more “Black Monday” was the inevitable outcome. Equities plunged across the globe and it's difficult to see what is going to break the