FBR Capital Markets said on Monday that production of Apple Inc's iconic iPhone might plunge more than 40 percent in the fourth quarter from the previous period. "Previous checks indicated that iPhone
Nokia Oyj on Tuesday unveiled seven new phones as well as Internet services to shore up its position in emerging markets. The new phones will include the Nokia 1202, a follow-up to
Comedy spoofs by Tina Fey and Stephen Colbert have made the U.S. presidential race a made-for-television event, but on Tuesday many voters will turn to the Internet to watch election night coverage.
Japan's Nikkei index rose nearly 6 percent on Tuesday, playing catch-up after a holiday, but other stock gains were tame after reports pointed to a shrivelling U.S. economy ahead of the presidential
Profits evaporated at leading banks on Monday and authorities worldwide pressed on with efforts to temper a recession that policymakers said had become reality for much of the globe. The European Commission
The EU Commission has substantially revised down its GDP forecasts compared to the spring forecasts. In the autumn forecasts the Commission expects euro-area GDP growth of 1.2% this year (down from 1.8%),
The Federal Reserve must not forget about inflation as it battles recession, or leave interest rates too low for too long next year, policy-maker Jeffrey Lacker said on Monday. "It is crucial
Profits evaporated at top European banks on Monday and authorities worldwide pressed on with efforts to bolster weakening economies as data from Europe and China suggested a sharp global downturn was gathering
Global stocks kicked off a new month with solid gains on Monday against a background of easier monetary policy designed to pull economies away from severe recession. The dollar and yen weakened,
South Korea pledged more cash on Monday to rev up its economy, and central banks in Europe and Australia looked set to cut rates again in a frantic battle to keep the
