Hedge fund star asks Microsoft CEO to go
2011-05-26 10:06:41
Influential hedge fund manager David Einhorn has called for Microsoft Corp Chief Executive Steve Ballmer to step down, saying the world's largest software company's leader is stuck in the past.
Oil near $102 amid weak dollar
2011-05-26 14:14:19
Oil prices inched higher to near $102 a barrel in Asia amid a weaker dollar and mixed signs about US crude demand.
China becoming 'strategic market'
2011-05-25 18:48:56
European companies said China is an increasingly important "strategic market," according to an annual business confidence survey.
OECD forecasts output growth at 4.2 pct
2011-05-25 17:01:53
The Organization for Economic Cooperation and Development kept its forecast for the growth in global output in 2011 unchanged at 4.2 percent
Strike shakes S Korean auto industry
2011-05-25 15:46:12
A single auto engine parts maker shook South Korea's auto industry. One of the country's auto parts makers went on strike on May 18, resulting in suspended production of some models in top automaker Hyundai Motor and its affiliate Kia Motors.
US Treasury sells AIG shares
2011-05-25 14:39:18
The US Treasury is barely breaking even on its investment in beleaguered insurance giant American International Group Inc, according to an early litmus test of market interest in the firm's stock.
Sony reports online security breach
2011-05-25 13:53:14
Sony has suffered another online security breach, this time for 2,000 customers of its Sony Ericsson joint venture in Canada.
Google to unveil mobile payments Thursday
2011-05-25 10:09:33
Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch.
S Korean parts maker strike impacts auto industry
2011-05-24 16:08:53
A labor strike at Yoosung Enterprise, a South Korean manufacturer of engine parts like piston rings, cylinder liners and camshafts, appears to inflict severe damage on the automobile industry.
Ford sees chance to woo Japanese buyers
2011-05-24 15:59:11
Ford sees a big chance in coming months to snatch buyers away from the Japanese automakers.
Greek default would hit euro zone
2011-05-24 15:35:39
A Greek debt default would hurt other peripheral euro zone states, Moody's said in a statement on Tuesday.
Greece music site security breached
2011-05-24 17:01:58
Sony says it has discovered a security breach affecting 8,500 user accounts in a music entertainment website in Greece.
