UPS posts higher first-quarter profit

United Parcel Service, the world's largest package delivery service, reported sharply higher first-quarter earnings on Tuesday and confirmed its outlook for the year. UPS posted profit of $533 million, or 53 cents

Nokia unveils new flagship phone model

 Nokia Oyj unveiled details of its first phone with new Symbian 3 software on Tuesday, designed to challenge the iPhone and Blackberry at the high-end of the market. Last week Nokia cut

Deutsche Bank faces U.S. mortgage securities suit

Deutsche Bank (DBKGn.DE) faces a U.S. class-action lawsuit over mortgage-related securities it helped arrange, Germany's biggest lender said in its first-quarter report. But it tried to distance itself from a whirlwind sweeping

G.Papaconstantinou: IMF in line with EU

A current round of talks between Greece and the IMF is moving towards a simple and common approach that the country "needs to drastically reduce its fiscal deficit, control public debt and

Most Greeks disapprove of EU/IMF aid deal

A majority of Greeks disapprove of their government's decision to ask for financial aid from the European Union and the International Monetary Fund, the first opinion poll taken since the request showed

Germany sets tough terms on aid for Greece

The euro slid on Tuesday as Germany demanded painful new austerity measures from Greece in return for badly needed financial aid, while Asian stocks fell as investors took profits in sectors that