The London Stock Exchange named former Lehman Brothers banker Xavier Rolet as its new chief executive, tasking him with tackling the twin challenges of rising competition and weak financial markets. Rolet, previously
European stocks were up 1.8 percent around midday on Friday, snapping a three-sessionlosing run, as Washington's plan to subsidise mortgage payments for troubled homeowners sparked a relief rally across the board. Recently
PepsiCo Inc reported lower quarterly earnings on Friday, hurt by restructuring and impairment charges and lower volume in its North American beverage business, but results met Wall Street estimates. Profit fell to
Toyota Motor Corp offered buyouts to some 18,000 U.S. workers and said it would cut pay for executives and blue-collar workers in North America, and an analyst warned it may soon cut
Microsoft Corp announced plans Thursday to open its own chain of branded stores as it looks to catch up with rival Apple Inc's successful move into retailing. The world's largest software company,
The world's mobile telecom industry will gather in the Spanish city of Barcelona next week, hoping to find ways to outwit the downturn, powerful new rivals and software developers threatening to steal
Technology firms like Nokia and Microsoft are rushing to open their mobile software stores, hoping to follow the runaway success of Apple's online App Store. The focus of the cellphone market has
U.S. sales of video game hardware and software rose 13 percent in January from a year earlier, led by Nintendo Co Ltd's Wii console and DS hand-held systems, market researcher NPD said
Federal regulators tweaked recommendations for how websites should collect, save and share information about users, extending them to Internet service providers and mobile users. The Federal Trade Commission issued new guidance on
Some large U.S. banks, may require more aid to stay solvent, the New York Times reported on Friday, citing economists and other finance experts. A sober assessment of the growing mountain of
