The world's top cell phone maker Nokia cut prices for many of its handsets in July, according to market data and industry sources, putting further pressure on its rivals' already thin profits.
Oil retreated on Thursday, after an early bounce, pressured by bearish data on the economy in top energy consumer the United States. U.S. light crude for September was down $2.32 at $124.45
The forthcoming network investments by European telecommunication operators into the so-called New Generation Networks (NGN) should not have any immediate impact on their ratings, says Moody's Investors Service in a new report
Expansion accelerated modestly in the second quarter as government stimulus payments helped consumers add more buying punch to the economy, a Commerce Department report on Thursday showed. Gross Domestic Product or GDP
The dollar fell on Thursday after data showed an unexpected jump in U.S. weekly jobless claims, adding to worries about the state of the economy. The euro was up 0.5 percent at
Deutsche Bank AG announced fresh writedowns on Thursday, taking its bill from the global financial crisis beyond $11 bln. Germany's flagship financier had originally been seen as one of the few to
Global stocks ticked higher on Thursday following an earlier concerted central bank move to boost liquidity, but a mixed set of corporate results in Europe and a rebound in crude oil prices
Nokia Growth Partners, a global private equity and venture capital management firm, announced an additional commitment of USD 150 mln from Nokia, increasing funds under management for direct investments to USD 250
Intel Corp, the world's biggest microchip producer, expects no slowdown in global demand for personal computers despite economic problems in the United States and in other countries, Intel Chairman Craig Barrett said
A former Credit Suisse broker charged with fraud in an auction rate securities scam may have fled to his native Bulgaria, the Wall Street Journal reported on Thursday, citing people familiar with
