Microsoft Corp is considering significant layoffs across its various divisions, The Wall Street Journal reported on Wednesday, citing people familiar with the company's plans. But plans for the cutbacks have not yet
Bank of America, the largest U.S. bank, is close to getting billions of dollars more in federal support from taxpayers, a person familiar with the matter said on Wednesday. As Congress debated
European shares surrendered early gains and turned negative on Thursday morning, losing ground for the seventh session in a row as escalating fears over the beleaguered banking sector hit shares such as
Online spending in Britain rose 14.2 percent on the year in December, outperforming the wider retail industry but slowing from earlier in 2008 and suggesting the sector is not immune to economic
The U.S. Senate plans to vote on Thursday on a resolution to block the release of the $350 billion remaining from the $700 billion financial bailout package, a spokesman for Senate Majority
Citigroup and Bank of America faced new doubts over their ability to fund their massive losses as their shares sank, while U.S. and Japanese data pointed to a deepening global recession. The
Asian shares hit a six-week low on Thursday and safe-haven Japanese bond futures rose to their highest since Lehman Brothers collapsed in September as the U.S. banking crisis deepened, sparking fears of
Cyprus ranks first among the EU member states with regard to the number of .eu domains per 1000 inhabitants with 66.1 while Luxembourg ranks second with 54.9. The third million .eu domain
U.S. consumers cut their spending even more sharply than expected last month, data showed on Wednesday, while Germany's export-driven economy was forecast to shrink this year at its fastest pace in more
Standard & Poor's Ratings Services cut its credit ratings on Greece's sovereign debt on Wednesday, due to falling economic competitiveness and a rising fiscal deficit worsened by the global crisis. The news
