Industry

Silicon Valley giant Hewlett-Packard to split in two: WSJ

Silicon Valley stalwart Hewlett-Packard Co, which has struggled to adapt to the new era of mobile and online computing, plans to split into two companies as it looks to put more focus on the faster-growing corporate services market, according to a Wall Street Journal report on Sunday.


Japanese stocks, dollar shine on upbeat U.S. jobs

Japanese stocks bounced on Monday and the U.S. dollar held near four-year highs against a basket of currencies, as upbeat U.S. jobs data boosted sentiment after a week of worries about global growth and geopolitical tensions frayed investor nerves.

Loyal depositors shoulder Turkey's Bank Asya while political war rages

Selling everything from their sofas to their wedding rings, Bank Asya clients are battling to shore up the Turkish lender against what they say is a government-orchestrated bid to scuttle it.

U.S. hiring accelerates, jobless rate hits six-year low

U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015.


Latest News

Facebook Inc plans a stricter review of requests to access information on its 1.32 billion active users after a psychological experiment on unwitting users in 2012 created a furor on social media.
High salaries and free food aren't enough any more in Silicon Valley, where maturing companies are competing for talent with creative health care and "wellness" programs that use gadgets to promote good behavior.
The Russia-led South Stream undersea gas pipeline is still going ahead, Energy Minister Alexander Novak was quoted as saying on Saturday, following concerns the European Union might be losing enthusiasm for the project.
Thailand will revive talks with Japan and Myanmar aimed at kick-starting the floundering multi-billion dollar Dawei Special Economic Zone in Myanmar, a junta spokesman said on Thursday.
Daimler has struck a cooperation deal with Nissan Motor Co. on transporter vans, deepening a strategic alliance between the German and Japanese automakers.
Greece will aim to achieve a primary budget surplus of 2.9 percent of output next year, just shy of the 3 percent target set out under its bailout deal, its deputy finance minister said in an interview published Saturday.
Japanese Prime Minister Shinzo Abe remains "completely neutral" on whether to raise the national sales tax, Economy Minister Akira Amari said on Sunday even as he expressed concern about the strength of the country's economic recovery.
Volkswagen (VOWG_p.DE) keeps lavishing money on supercar maker Bugatti, its most exclusive brand, even as the German group plans painful cuts in its core auto business.
German luxury automaker Daimler (DAIGn.DE) has cut its growth forecast for the global car market, blaming cooler demand in emerging markets and a plunge in Russian sales which has put a fledgling European industry recovery in jeopardy.
A positive vibe returned to the U.S. stock market Friday, leaving some to wonder if, after two weeks of losses, the latest selloff scare was over. The best clues may come from what happens to low-quality corporate bonds.
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