Asia stocks at 2-yr low as oil edges up

Asian stocks fell to a two-year low on Friday, down for a fourth straight week, after a surge in oil prices above $121 enflamed inflation worries and the spiralling financial crisis showed

Analysts see tough quarter for investment banks

Wall Street research analysts are projecting yet another tough quarter for U.S. investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment. Citigroup analyst

Credit jitters, higher oil hits futures

Stock index futures fell on Thursday as fears of more credit losses in the financial sector rattled investors and shares of mortgage finance giants Fannie Mae and Freddie Mac slid anew. Investors

Palm unveils Treo Pro to battle BlackBerry

Palm Inc unveiled a Treo smartphone Wednesday based on Microsoft Corp software to compete for business users against rivals such as Research In Motion's BlackBerry. The new Treo Pro will be sold

Burger King profit up, outlook within Wall St view

Burger King Holdings Inc, the world's second-largest hamburger chain, posted a higher-than-expected quarterly profit on Thursday and issued a fiscal 2009 forecast within Wall Street's expectations. The Miami-based company, best known for