Nokia announced that its Qt cross-platform user interface (UI) and application framework for desktop and embedded platforms will be available under the Lesser General Public License (LGPL) version 2.1 license from the
Web search leader Google Inc took another step on Wednesday toward direct competition with Microsoft Corp by recruiting IT resellers to market its Web-based applications to business clients. From the end of
Citigroup Inc, struggling to contain losses, is separating assets into a "good bank" and a "bad bank," a person close to the matter said. The bad bank assets would stay on Citigroup's
Asian shares recovered on Wednesday from a steep five-day sell-off and oil rose on expectations for production cuts, though the mood remained cautious given nagging worries about the economy and earnings. Some
U.S. Federal Reserve Chairman Ben Bernanke warned fiscal stimulus alone would not overcome the global economic crisis as President-elect Barack Obama pledged more control over a remaining $350 billion in bailout funds.
President-elect Barack Obama's incoming budget director warned on Tuesday that even after the U.S. economy recovers, the budget gap will still be around 5 percent of gross domestic product for up to
U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday fiscal stimulus alone would not be enough to promote a lasting U.S. economic recovery and that further steps to backstop banks may be
The U.S. trade deficit shrank 28.7 percent in November, the biggest contraction in 12 years, as weak consumer demand and plummeting oil prices caused a record drop in imports, a U.S. Commerce
Fears of steep losses at U.S. bank Citigroup and Asian industry giants such as Sony pummelled shares on Tuesday and bolstered government debt. The euro slid to a one-month low against the
Japan's Sony Corp will likely suffer an annual operating loss of about $1.1 billion, its first such loss in 14 years, due to sluggish sales and a stronger yen, a person with
