World stocks raced to fresh nine-month highs and oil rallied on Monday as a recent run of strong corporate earnings and anticipation for more boosted optimism for a recovery in the global
Palm Inc has fired another volley at Apple Inc in their smartphone war, as the two rivals tussle over whether iTunes should be compatible with Palm's new Pre smartphone. Palm, whose executive
Asian stocks rose for the ninth day in 10 on Monday, with investors still focused on upward momentum in corporate earnings, though some worried whether the gains were racing ahead of longer-term
Billionaire Bill Gates on Friday urged India to move away from low-cost labor toward high-end research and development to keep its giant IT sector competitive. On a visit to New Delhi, the
US Stocks added losses on Friday following a mixed report on July consumer sentiment. Wall Street was already weak ahead of the data after disappointing results from bellwethers Microsoft Corp (MSFT.O) and
Britain's economy shrank more than twice as fast as expected in the second quarter of 2009 to register its biggest annual decline on record, dashing hopes of a speedy recovery from the
Oil fell towards $67 on Friday, after equalling this year's longest rally, due to a fall in U.S. stocks futures following disappointing corporate earnings. U.S. crude eased 4 cents to $67.12 a
Europeans fear more jobs will be lost in the economic crisis, with Scandinavians the most optimistic and Balts the gloomiest, a survey showed on Friday. The Eurobarometer poll, carried out in June,
European services and industry data on Friday suggested the worst downturn in 80 years was easing, but a record economic decline in Britain and gloomy company outlooks cast doubt over any quick
The tech sector's road to recovery just got a lot bumpier. Microsoft Corp's billion-dollar-plus revenue shortfall in its fiscal fourth-quarter abruptly dampened hopes that demand for PCs was on the mend and
