Fannie Mae's capital and reserves positions are better than market expectations, according to an analyst at Lehman Brothers, who also said the biggest U.S. mortgage finance company may not need any more
Weak UK housing data knocked sterling to a 12-year low on Thursday, weighing on European stocks already under pressure as oil prices edged up on supply concerns over a brewing tropical storm
The U.S. dollar tumbled from six-month peaks against the euro as comments by a European Central bank official rekindled speculation about an interest rate increase in the euro zone to quell persistent
European shares slipped in early trade on Thursday as quarterly results did little to dispel worries over the financial sector and oil threatened to breach $120 a barrel on weather-related supply concerns.
Microsoft Corp released on Wednesday a second test version of Internet Explorer 8, delivering a feature-complete upgrade to the world's most widely used Web browser. The world's largest software maker said the
Sony's joint venture with cell phone maker Ericsson must do better, Sony's chief executive was quoted as saying by a German newspaper on Wednesday. Asked whether Sony is planning to end its
A Chinese factory worker has become an Internet sensation after a picture of her smiling and flashing a peace sign to a co-worker testing an Apple iPhone stayed on the phone that
General Motors Corp on Thursday said it would invest more than $200 million initially in a powertrain plant in India, as the troubled carmaker aims to double its share of a fast-growing
Toyota Motor Corp, the world's most profitable carmaker, cut its 2009 vehicle sales forecast by nearly 7% due to a severe downturn in Western markets driven by high fuel prices and a
Oil prices rose for a fourth day on Thursday on worries that a tropical storm may strengthen to become the worst threat to U.S. offshore oil and gas production since 2005, while
