Stocks opened slightly lower on Wednesday as General Motors (GM.N) inched closer to bankruptcy and investors had their sights on a key report on the housing market. Biotechnology shares weigh down the
Chrysler looks set to clear its last major hurdle in its sprint through bankruptcy court on Wednesday, when a judge is expected to overrule more than 340 objections and approve its sale
Microsoft Corp plans to launch a new version of its Zune portable media player later this year in the United States, incorporating high-definition video, touch screen technology and Wi-Fi connection. Microsoft said
Intel Corp will start producing a new, more powerful version of its Xeon multiprocessor chip for servers in the second half, a spokesman said on Tuesday. The new chip, code-named Nehalem EX,
Cannibalization of laptop computer sales by lower-priced netbooks is currently about 20 percent, "less than speculation", Intel's European sales chief told Reuters on the fringes of a company event. Christian Morales said
Banks will be more closely scrutinised under European Union plans unveiled on Wednesday to apply lessons from the credit crunch and better protect investors hit by the worst financial crisis in decades.
Britain's top share index was up 0.6 percent in early trade on Wednesday, extending Tuesday's advance driven by strength in banks and miners following signs of economic recovery in the United States.
World stocks rose and oil prices hit a 2009 high on Wednesday, while government bonds and the yen fell, after a jump in U.S. consumer morale reinforced expectations that the global economy
A Russian Internet investment firm has invested $200 million in Facebook, giving the social networking company a cash buffer during the recession and pegging its value at $10 billion. Digital Sky Technologies,
General Motors on Wednesday prepared to face the fallout from a failed debt exchange that sends the largest U.S. automaker closer to a bankruptcy filing expected by the end of the month.
