Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs Group Inc, moved to head off investor concerns about its role in a deal that has scarred the reputation of the Wall Street bank and overshadowed blow-out quarterly earnings. Goldman is accused of defrauding investors by failing to say that prominent
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At least three brokerages raised their price targets on Apple Inc (AAPL.O) Wednesday, a day after the company posted stellar quarterly profit on record iPhone sales, and forecast strong third-quarter revenue. "Altogether Apple is executing exceptionally well across all product segments and geographies and has given us increased confidence in the company's long term growth
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A wayward prototype of Apple Inc's next-generation iPhone has dominated the chatter in Silicon Valley over the past few days, and the company has moved to recover the device after it was apparently lost in a bar. The unreleased iPhone unit later resurfaced on Gizmodo, a popular gadget website, which promptly splashed photos and details
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— MoUs signed for aviation, health and research — Cash-rich Qatar is expected to invest some $150 mln in a new venture with the Cyprus government to build a luxury hotel and commercial complex in the capital Nicosia. The Emir of Qatar arrived early on Wednesday on a brief visit and signed a host
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— Farmers lose €300-400,000/day — A number of flights from Cyprus to central and south east Europe resumed on Tuesday as continental air traffic controllers allowed the partial lifting of a flight ban following last week’s volcano in Iceland that spewed dangerous ash across northern Europe. But thousands of tourists and students remained stranded on
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Experts say they cannot predict the duration of the volcanic ash cloud that continues to disrupt European aviation, and hence its economic impact. European air traffic could return to normal within days, or the disruption could last months. Below are three scenarios looking at the market and economic impact if the crisis lasts a further
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Asian stocks rose on Wednesday, led by gains in tech shares after Apple Inc unveiled results that blew past Wall Street's expectations, while the euro struggled as worries mounted about debt-stricken Greece. Tech-heavy markets such as Japan, Taiwan and South Korea were among the region's best performers as Apple's earnings report and strong sales forecast
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Wall Street opened higher on Tuesday as a wave of companies reported good earnings, but the dearth of blockbuster results threatened to cool off a recent rally. * The Dow Jones industrial average (.DJI) gained 26.68 points, or 0.24 percent, to 11,118.73. The Standard & Poor's 500 Index (.SPX) rose 6.31 points, or 0.53 percent,
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Goldman Sachs Group Inc reported stunningly strong quarterly earnings on Tuesday, overshadowing British financial regulators' move to follow their U.S. counterparts in pursuing civil fraud allegations against the dominant Wall Street bank. Goldman's results came four days after the firm was accused of fraud by the U.S. Securities and Exchange Commission in the structuring and
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Coca-Cola Co reported lower-than-expected quarterly revenue, hurt by a decline in North American sales volume. The world's largest soft drink maker said sales volume fell 2 percent in North America, citing the weak economy and unseasonably cold weather in January and February. Its shares slipped 0.5 percent in early trading. The company also said its
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