Foster's Group Ltd, Australia's largest brewer, posted a 9.4% drop in second-half profit on Tuesday, pressured by sliding sales at its Californian wine business and a strong Australian dollar. In June, Foster's
Two of the biggest U.S. bond investors said they would get involved in a capital raising by Fannie Mae and Freddie Mac as long as the U.S. Treasury participates in the new
Singapore sovereign fund Temasek, which spent blns of dollars on shares in Merrill Lynch, sees value in banking stocks in the United States and Britain, a senior executive said on Tuesday. "The
Hydrogen fuel cell cars from nine automakers completed a 13-day cross-country trip this weekend, in the first such mass U.S. crossing for vehicles powered by a zero-emission technology still in its infancy.
South Korea's LG Electronics Inc said on Tuesday it had agreed with Taiwan's Quanta Computer Inc to end PC-related patent disputes that had lasted for eight years and started negotiating royalties. The
Asian stocks fell more than 1 percent on Tuesday, after more trouble in the U.S. financial sector, including a ninth bank failure, reminded investors of the frail state of the global economy.
Stocks opened lower on Monday, giving back some of Friday's sharp gains, as the price of oil edged higher and credit concerns nagged. The Dow Jones industrial average was down 79.06 points,
Chip maker Broadcom Corp said on Monday it plans to buy Advanced Micro Devices' digital television chip business for $192.8 million in cash to expand into the low-end television screen market. Broadcom,
Canada's Precision Drilling Trust will buy U.S. driller Grey Wolf Inc for US$2 billion in cash and stock, creating one of the largest North American oil and gas rig operators, the companies
Deutsche Telekom's wireless business T-Mobile has sold more than 120,000 new 3G iPhones since its sales launch on July 11 despite distribution problems, its chief executive told a German weekly magazine. Hamid
