AT&T Inc is considering offering cheaper data service plans with limited Web surfing for advanced cellphones including Apple Inc's iPhone. Ralph de la Vega, the head of AT&T Mobility, told the Reuters Global Technology Summit in New York on Tuesday that it would be costly for AT&T to cut the price of its unlimited Web
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Sprint Nextel Corp said it will sell Palm Inc's long-awaited Pre smartphone starting on June 6 for $199.99 with a two-year service agreement, in line with Apple Inc's iPhone price. Palm shares fell almost 10 percent before recovering as some investors were disappointed the price would match rather than beat the iPhone's price. Sprint's chief
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Microsoft Corp is likely to show a new version of its Internet search engine publicly for the first time next week, the Wall Street Journal said, citing people familiar with the matter. The software giant has been testing a new version of the service internally under the name of Kumo.com and it may become part
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Hewlett-Packard Co gave a disappointing outlook for full-year revenue and said it will lay off another 2 percent of its workforce as consumers and businesses cut spending on computers, printers and services, sending its shares down about 5 percent. The mew round of layoffs — which total roughly 6,400 jobs — announced on Tuesday are
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Global cellphone sales fell 9.4 percent in the first quarter of 2009 as consumers reined in spending amid the recession, research firm Gartner said on Wednesday. In addition to weaker consumer demand, the handset industry has also been hurt as retailers unwind large inventories of unsold phones following a drop in demand in late 2008.
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Vaccine makers could produce 4.9 billion pandemic flu shots per year in the best-case scenario, the head of the World Health Organization said on Tuesday, as rich and poor countries grappled over limited supplies. WHO Director-General Margaret Chan told reporters after her meeting with 30 pharmaceutical companies that "there are a lot of unanswered questions"
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The Australian dollar and emerging market currencies slid on Wednesday as investors began to question how much longer a near three-month rally in riskier assets can last without evidence of a sustained economic recovery. Hunger for higher yields kept regional bonds in demand, however, while worries about tight summer supplies pushed crude oil prices to
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Japan's economy shrank at a record pace in the first quarter and its ability to turn some modest growth ahead into a lasting recovery will hinge on how soon the global economy can heal. The world's No.2 economy contracted 4.0 percent in January-March, probably hitting a low point in a year-long recession. A pick-up in
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Britain's top share index closed 0.8 percent firmer on Tuesday, pushed up by financials and miners, though gains were limited by figures that showed new U.S. housing starts fell to record lows. The FTSE 100 closed 0.8 percent or 35.80 points higher at 4,482.25 in a choppy session having being up as much as 4,512.70
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European shares rose to their highest close in more than four months on Tuesday, driven by optimism about a financial sector recovery, though gains were limited by U.S. housing starts falling to a record low. The FTSEurofirst 300 index of top European shares rose 1.2 percent to a provisional close of 869.82 points, its highest
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