Sony to cut 1,000 jobs in smartphone business: Sources
Sony Corp plans to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black, sources said on Wednesday.
Jan 28, 2015, 07:58 AM IST
U.S. multinationals hit hard by strong dollar, to bleed further into 2015
A slew of U.S. multinational companies, from DuPont to Procter & Gamble, showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength.
Jan 28, 2015, 04:40 AM IST
Apple sells record 74.5 mn iPhones in quarter, profit hits new high
Apple Inc posted a far better-than-expected 29.5 percent jump in quarterly revenue, driven by record sales of iPhone 6 and 6 Plus smartphones in the holiday shopping season and strong sales in China.
Jan 28, 2015, 03:41 AM IST
Yahoo announces plan for tax-free spin off of Alibaba stake
Yahoo Inc unveiled a plan for a tax-free spin-off of its 15 percent stake in China`s Alibaba Group Holding Ltd, a first step in a highly-anticipated process to unwind the holding, which is valued at roughly $40 billion.
Jan 28, 2015, 03:16 AM IST
Mobile roaming fees should remain until 2018: EU document
Mobile operators such as Vodafone and Orange would be allowed to continue levying roaming charges over the next three years, according to an EU document, defying European lawmakers` proposal to scrap the fees by the end of this year.
Jan 28, 2015, 02:15 AM IST
China pays big to expand its clout along the new Silk Road
China, already at the centre of world trade, plans to spend billions of dollars to revive intercontinental land routes and develop maritime links to expand commerce and give it more weight in a freight system dominated by European shipping lines.
Nov 11, 2014, 04:45 AM IST
India's slowing profits growth offers wake-up call for record-high shares
Indian corporate earnings are growing at the weakest pace in nearly six years, in a more sober reflection of the economy than a stock market hovering near record highs since the May election of pro-business Prime Minister, Narendra Modi.
Nov 11, 2014, 04:42 AM IST
RBI tightens rules for "shadow banks"
The Reserve Bank of India (RBI) has tightened rules for so-called "shadow banks", raising minimum capital requirements and restricting deposits with a set of changes that it hopes will protect consumers and the market without stifling growth.
Nov 11, 2014, 04:20 AM IST
Oil prices climb after rough week of steep losses
Oil prices climbed Friday as the market took a breather after a turbulent week that saw sharp sell-offs and a mixed US jobs report.
Nov 08, 2014, 03:52 AM IST
AT&T buys Mexican wireless group for $2.5 bn
US telecom giant AT&T announced plans Friday to buy Mexican wireless operator Iusacell for $2.5 billion and use it to create a mobile network spanning the two countries.
Nov 08, 2014, 03:44 AM IST
US court reaffirms BP is liable in Gulf oil spill
A federal appeals court panel has reaffirmed its ruling that BP is liable for federal Clean Water Act damages stemming from the 2010 Gulf of Mexico oil spill, the latest loss for the oil giant as it fights court decisions that could ultimately bring USD 18 billion in penalties.
Nov 07, 2014, 05:16 AM IST
Dow, S&P 500 hit records in volatile trading
U.S. stocks edged up in a volatile session on Thursday, with the Dow and S&P 500 hitting fresh record closing highs on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy.
Nov 07, 2014, 04:05 AM IST
