LONDON (AFP) - US giant Kraft Foods on Monday launched a hostile 9.

WASHINGTON (AFP) - The Wall Street Journal is launching a San Francisco edition on Thursday, joining The New York Times and the ailing local newspaper, the Chronicle, in a battle for readers in the Bay Area.

WASHINGTON (AFP) - Global media giant News Corp.

OSLO (AFP) - Norwegian energy group Statoil said on Wednesday it was selling some of its oil assets in the United States to China's state-owned CNOOC, marking the first step by a Chinese energy major into the US market.

WASHINGTON (AFP) - CIT Group, a key lender to small US firms, has declared itself bankrupt becoming the fifth largest failure in American history and dealing a new blow to market nerves.

WASHINGTON (AFP) - Time Inc., publisher of Time, Fortune, Sports Illustrated, People and other magazines, plans to lay off some 540 employees starting next week, or six percent of its workforce, The New York Post reported Friday.

WASHINGTON (AFP) - Motorola is counting on Google juice to power its mobile phones and its future.

WASHINGTON (AFP) - Blaming an advertising slump that has left many US newspapers reeling, The Wall Street Journal said Thursday it was closing its Boston bureau.

WASHINGTON (AFP) - The US economy exited severe recession in the third quarter, posting the strongest growth in two years as government stimulus boosted consumer spending, government data showed on Thursday.

WASHINGTON (AFP) - Internet giant Google unveiled a free navigation system for mobile phones Wednesday in a move seen as a potential challenge to the makers of standalone GPS navigation devices.

BEIJING (AFP) - While the rest of the world struggles to bounce back from the global financial crisis, China's billionaires are living large, snapping up luxury products at a breathtaking pace.

WASHINGTON (AFP) - US consumer confidence slumped in October amid worries about jobs in the recession-wracked economy, boding ill for the important holiday shopping season, the Conference Board said Tuesday.

WASHINGTON (AFP) - Microsoft's MSN is in talks with MySpace about using the social network?s MySpace Music to help power music offerings on the software giant's online portal, technology blog AllThingsD said Tuesday.

WASHINGTON (AFP) - Daily circulation figures for US newspapers released on Monday provided more bad news for an industry battling the flight of readers to the Web and battered by a steep decline in advertising revenue.

NEW YORK (AFP) - Billionaire investor Carl Icahn resigned from his position on the Yahoo! board, saying the US Internet giant no longer needed an "activist" director like him.

NEW YORK (AFP) - Microsoft on Friday capped off a rousing week in which it released Windows 7, snagged a deal with Twitter and released quarterly earnings that easily beat the expectations of Wall Street analysts.

BANGKOK (AFP) - Thailand's King Bhumibol Adulyadej appeared in public Friday for the first time since being hospitalised one month ago, easing fears over the health of the 81-year-old.

NEW YORK (AFP) - Microsoft on Friday capped off a week in which it released Windows 7 and snagged a deal with Twitter with quarterly earnings that easily beat the expectations of Wall Street analysts.