Global Financial Crisis
The stock market may be unstable, but you can count on us for all you need to know about the global stock markets, share prices, interest rates and more.
Hong Kong man, three others jailed for spam scheme
WASHINGTON (AFP) - A Hong Kong resident and three other men, including the self-proclaimed "Godfather of Spam," were sentenced to prison on Monday for their roles in an email stock fraud scheme, the Justice Department said.
November 24, 2009, 11:00 amHONG KONG (AFP) - The price of gold soared to a record close of 1,166.00-1,167.
November 23, 2009, 8:37 pmNEW YORK (AFP) - A charitable trust controlling US chocolate maker Hershey is backing a bid of 17 billion dollars for Britain's Cadbury, the Wall Street Journal reported Friday.
November 21, 2009, 9:28 am
Americans run off the recession in record numbers
WASHINGTON (AFP) - Obesity begone! Americans are lacing up athletic shoes and signing up to run in 5Ks, 10-milers and even marathons in record numbers.
November 20, 2009, 9:10 am
Airbus learns from Air NZ crash
A year after the crash that killed five New Zealanders and two Germans in France, aircraft maker Airbus is wrestling with what to do about poorly executed flight tests of jetliners emerging from major overhauls.
November 20, 2009, 4:30 am
Chocolate war looms as Hershey, Ferrero mull Cadbury bid
LONDON (AFP) - US chocolate maker Hershey and Italian peer Ferrero said Wednesday they are considering a bid for British confectioner Cadbury, in a move which would whip up a takeover war with Kraft Foods.
November 19, 2009, 4:18 am
Chocolate groups Hershey, Ferrero eye Cadbury
LONDON (AFP) - US chocolate maker Hershey and Ferrero of Italy said on Wednesday they were mulling a potential counter-bid for British confectioner Cadbury, the object of a hostile offer from Kraft Foods.
November 19, 2009, 12:56 am
Japan's Mitsubishi UFJ announces huge share sale
TOKYO (AFP) - Japan's biggest bank Mitsubishi UFJ Financial announced plans Wednesday to raise billion of dollars from investors, joining a scramble by firms to boost finances ravaged the global financial crisis.
November 18, 2009, 10:05 pm
Still losing cash, GM to repay aid early, plans 2010 IPO
WASHINGTON (AFP) - An improving global auto market will allow General Motors to repay government loans early and move toward a 2010 share offering, executives said Monday as the automaker revealed fresh losses.
November 17, 2009, 7:39 am
Cisco raises offer on Norway's Tandberg
OSLO (AFP) - US networking giant Cisco said on Monday it had raised its bid for Norwegian video-conference company Tandberg from 3.0 billion dollars (2.0 billion euros) to 3.4 billion dollars.
November 17, 2009, 4:00 am
All eyes on Murdoch as newspapers ponder digital future
WASHINGTON (AFP) - Is Rupert Murdoch bluffing? Making a bold high-stakes gamble that will save the troubled newspaper industry? Or pursuing a pipe dream that can only end in failure?
November 16, 2009, 10:13 am
Madoff's magnificent spoils go under the hammer
NEW YORK (AFP) - From diamond-encrusted watches to satin jackets emblazoned with his name, the personal goods of Wall Street swindler Bernard Madoff were to go under the hammer Saturday in New York to raise money to help pay those who lost their fortunes.
November 15, 2009, 2:01 am
China Mobile, Brazil's Claro to sell new smartphone
WASHINGTON (AFP) - US computer giant Dell announced on Friday it is teaming up with China Mobile and Brazil's Claro to market a new touchscreen smartphone powered by Google's Android operating system.
November 14, 2009, 3:23 amLONDON (AFP) - British Airways needs to merge with Spanish carrier Iberia to retain its global ranking and avoid being sidelined as crisis drives airline tie-ups and cost cuts, its top manager said on Friday.
November 14, 2009, 1:29 amLONDON (AFP) - British Airways and Iberia of Spain approved Thursday a preliminary agreement on a planned merger that would create a European aviation giant, the airlines said.
November 13, 2009, 10:57 am
Intel to pay AMD $1.25 billion in antitrust case
WASHINGTON (AFP) - Intel Corp. agreed Thursday to pay Advanced Micro Devices 1.
November 13, 2009, 5:16 am
Obama embarks on debut Asia mission
WASHINGTON (AFP) - Barack Obama embarked Thursday on his first tour of Asia as US president, bound for Japan before later stops in Singapore, China and South Korea on a week-long trip.
November 13, 2009, 4:59 am
Emerging markets to spearhead recovery: HSBC
LONDON (AFP) - HSBC, Europe's biggest bank, forecast on Tuesday that emerging markets will lead the global economic recovery and said that the "biggest jolt" of the world financial crisis was over.
November 11, 2009, 3:33 am
Electronic Arts to cut 1,500 jobs
NEW YORK (AFP) - US videogame giant Electronic Arts posted a net loss for the 11th consecutive quarter on Monday and said it was cutting 1,500 jobs, or 16 percent of its workforce.
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