Oil falls to below $99 as dollar rallies
2011-05-16 15:26:09
Oil prices fell below $99 a barrel Monday in Asia as crude became more expensive for investors with other currencies amid a US dollar rally.
Canada's Quebec launches ambitious Plan Nord
2011-05-16 13:36:42
The Plan Nord will be carried out over 25 years and engender investments of over $80 billion. It will create or consolidate 20 000 jobs a year, on average, and generate $14 billion in revenue for the government and Québec society.
US businesses reluctant to open in Mexico
2011-05-16 11:14:37
Dozens of Mattel Inc. employees were on their way to another day of work making Power Wheels in Mexico's industrial heartland.
Wal-Mart to invest in China's Yihaodian
2011-05-13 21:02:11
US retailer giant Wal-Mart said on Friday that it has signed a deal to buy a minority stake in China's emerging online store Yihaodian.
Facebook-Google rivalry intensifies
2011-05-13 09:35:37
Facebook hired a prominent PR firm trying to plant stories harshly criticizing Google's privacy practices.
US jobless claims fall 44,000 in latest week
2011-05-12 21:32:58
US claims for unemployment aid fell sharply last week after a surprisingly big rise the prior week, a government report showed on Thursday.
IMF says Europe must fix banks
2011-05-12 16:23:01
The IMF is urging Europe to push shaky banks to strengthen their finances as the best way to keep the debt crisis in Greece.
AIG $9 bn offering could be pulled
2011-05-12 13:44:04
American International Group and the US Treasury on Wednesday said they will sell around $9 billion in AIG stock.
Cisco warns of sales miss, eyes $1 billion savings
2011-05-12 13:42:13
Cisco Systems Inc warned that it will fare worse this quarter than Wall Street had feared, and laid out plans for global job cuts as it struggles to revive growth.
Samsung produces fastest flash memory chip
2011-05-12 17:42:07
Samsung Electronics, the world's largest memory chip maker, said Thursday it has started production of new NAND flash memory chips that can transmit data at a faster speed than any other chips.
Google launches Chrome PCs
2011-05-12 10:31:26
Laptop computers using Google's Chrome operating system will go on sale in June.
Toyota quarterly profit slides
2011-05-11 16:54:57
Toyota's quarterly profit crumpled more than 75 percent after the March earthquake and tsunami wiped out parts suppliers in noJapan.
