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Updated: 13 hours 2 min ago

Stock futures signal higher open; focus on data

Fri, 07/27/2012 - 5:40am
Stock index futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.2 to 0.4 percent. European shares offered support with a second ...

Tesco cuts jobs at U.S. Fresh & Easy chain

Fri, 07/27/2012 - 5:40am
World No. 3 retailer Tesco said it has cut jobs at the Californian headquarters of its loss-making Fresh & Easy chain in the United States, insisting the move was not a precursor to exiting the country. ...

Exclusive: Treasury Secretary urged to investigate ZTE

Fri, 07/27/2012 - 5:40am
Seventeen U.S. lawmakers have called on Treasury Secretary Timothy Geithner to investigate ZTE Corp, the Chinese telecommunications equipment maker, over allegations it sold a surveillance system and banned ...

Meet the new Mr. Swiss franc: Fritz Zurbruegg

Fri, 07/27/2012 - 5:40am
New to the grey-suited world of central banking, Fritz Zurbruegg is taking over arguably the most important job at the Swiss National Bank: keeping a 24-hour watch on markets to defend its cap on the safe-haven ...

Barclays sorry for Libor as profits top $6 billion

Fri, 07/27/2012 - 3:25am
British bank Barclays Plc said it was confident it will repair the damage caused by an interest rate rigging scandal that has rocked it and the banking industry after beating expectations with a 4 billion ...

Fortified by euro, Finns take bailouts on the chin

Fri, 07/27/2012 - 3:25am
After dutifully abiding by EU fiscal rules, Finland's tiny population remains surprisingly phlegmatic about bailing out less disciplined euro zone members, and is mostly clinging on to its faith in the ...

Wary consumers to weigh on growth in second quarter

Fri, 07/27/2012 - 2:20am
The economy probably grew at its slowest pace in a year in the second quarter as consumers spent less, possibly pushing the Federal Reserve closer to pumping more money into the economy. Gross domestic ...

Airbus delays A350 after glitch, EADS lifts forecasts

Fri, 07/27/2012 - 2:20am
European planemaker Airbus delayed the introduction of its newest passenger jet, the carbon-composite A350, as parent EADS unveiled better-than-expected second-quarter earnings lifted by resilient demand ...

Insight: Banks bristle at breakup call from Sandy Weill

Fri, 07/27/2012 - 12:45am
Sandy Weill has a lot of convincing to do. The former Citigroup Inc CEO, who was in many ways the architect of the "too big to fail" giant bank system, dropped a bombshell on Wall Street on Wednesday ...

Samsung sold 50.5 million smartphones in second quarter, almost twice what Apple sold: report

Thu, 07/26/2012 - 11:30pm
Samsung Electronics Co, the world's top smartphone maker, sold 50.5 million smartphones in the second quarter, stretching its lead over rival Apple Inc, a report by research firm StrategyAnalytics showed. ...

Exclusive: U.S. weighs retail sweep after Wal-Mart bribery scandal

Thu, 07/26/2012 - 10:25pm
U.S. authorities are considering launching a wide-ranging examination of the retail industry for violations of an anti-foreign bribery law, after Wal-Mart and other retailers have come forth with their ...

Facebook revenue growth skids, shares plunge

Thu, 07/26/2012 - 9:10pm
Facebook Inc reported a drastic slowdown in revenue growth and failed to offer financial forecasts to quell fears about its ability to boost advertising growth, sending its shares plummeting to a record ...

Amazon's profit margin rises as new businesses grow

Thu, 07/26/2012 - 9:10pm
Amazon.com Inc reported quarterly results on Thursday that showed the growth of new businesses is boosting the profit margins of the world's largest Internet retailer. The company's product revenue, which ...

Smartphones power record Samsung profit of $5.9 billion during Apple lull

Thu, 07/26/2012 - 9:10pm
Samsung Electronics Co, the world's top technology firm by revenue, reported on Friday a record profit of $5.9 billion for the June quarter, as rampant sales of its Galaxy S mobile phone helped stretch ...

Japan core CPI falls, deflation set to persist

Thu, 07/26/2012 - 9:10pm
Japan's core consumer prices unexpectedly fell in June from the same period a year earlier as energy prices weakened, and mild deflation is likely to persist given companies are reluctant to raise wages ...

Exclusive: U.S. weighs retail sweep after Wal-Mart bribery scandal

Thu, 07/26/2012 - 7:55pm
U.S. authorities are considering launching a wide-ranging examination of the retail industry for violations of an anti-foreign bribery law, after Wal-Mart and other retailers have come forth with their ...

Repsol: found Argentina shale oil before YPF takeover

Thu, 07/26/2012 - 7:55pm
Spanish energy company Repsol said on Thursday it found Argentina's first shale oil resource outside the giant Vaca Muerta field shortly before the government seized control of its YPF unit in April. The ...

Facebook revenue growth skids, shares plunge

Thu, 07/26/2012 - 6:30pm
Facebook Inc reported a drastic slowdown in revenue growth and failed to offer financial forecasts to quell fears about its ability to boost advertising growth, sending its shares plummeting to a record ...

Amazon may have third-quarter loss on heavy spending

Thu, 07/26/2012 - 6:30pm
Amazon.com Inc forecast a possible loss in the current quarter on Thursday as the world's largest Internet retailer spends heavily on warehouses, technology and digital content. Shares of the company slipped ...

Google unveils ultrafast Internet/TV in Kansas City

Thu, 07/26/2012 - 6:30pm
Google Inc made its foray into the market for bundled Internet and television services on Thursday, promising access speeds more than 100 times faster than those of traditional U.S. cable and telecommunications ...

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