Domestic carriers stop Europe flights  2010-04-17 14:01:57

The enormous ash cloud from the Icelandic volcano has caused most flights between China and Europe to be canceled or delayed on Friday, wrecking travel plans for thousands of people.

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Sony Ericsson returns to the black  2010-04-17 11:42:49

Mobile phone maker Sony Ericsson posted an unexpected net gain for the first quarter on Friday, reaching 21 million euros ($29 million) in the black from a previous loss of 293 million euros, much thanks to new products focused more on the high-end market as well as continued efforts to shave off costs.

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Emerging market bonds lure investors  2010-04-17 11:41:06

Emerging-market bond funds received an unprecedented $1.8 billion in the past week, lifting 2010 inflows to a record, as high-yielding debt attracted global investors away from stocks, according to EPFR Global.

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Wall Street tumbles, weighed by Goldman charges, tech earnings  2010-04-17 10:56:50

Wall Street tumbled on Friday, with the Dow plunging triple digits and S&P losing more than 1.5 percent, as Goldman Sachs was reportedly charged with fraud by the government and earnings from some major technology companies weighed on the market.
Goldman Sachs charged with fraud by SEC

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Nickel hits its highest price in 23 months  2010-04-17 10:37:51

Nickel, used to make stainless steel corrosion-resistant, advanced to the highest level in 23 months on speculation the market will swing into deficit for the first time in four years as a recovering economy boosts demand.

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Polish insurer to launch huge IPO  2010-04-17 10:30:21

PZU SA, Poland's biggest insurer, will on April 20 start an initial public offering of at least 5.5 billion zloty ($1.9 billion) of shares, the biggest European IPO this year.

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Luxury goods M&As on horizon  2010-04-17 10:19:16

The luxury-goods industry may be set for a new wave of mergers, acquisitions and initial public offerings as it recovers from its worst year on record, according to consulting firm Bain & Co.

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Obama signs $18b jobless benefits bill  2010-04-16 15:00:37

Just hours after Congress passed an $18 billion bill to restore unemployment benefits for the long-term unemployed, President Barack Obama made it the law of the land.

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Continental, United Airlines in merger talks  2010-04-16 14:45:23

Two major US carriers, Continental Airlines and United Airlines, are in merger talks, a move which could result in the world's largest airline, a source close to the talks said Thursday.

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BRIC nations call for financial system reform  2010-04-16 14:34:48

Leaders of Brazil, Russia, India and China concluded a summit here Thursday with calls for an urgent reform of the world financial system, including a quick readjustment of the voting power in the World Bank.

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