Industry

Rosneft may back out of Morgan Stanley oil unit deal

Rosneft (ROSN.MM), Russia's biggest crude oil producer, may back out of a deal to buy Morgan Stanley (MS.N)'s oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said.


Your medical record is worth more to hackers than your credit card

Your medical information is worth 10 times more than your credit card number on the black market. Last month, the FBI warned healthcare providers to guard against cyber attacks after one of the largest U.S. hospital operators, Community Health Systems Inc, said Chinese hackers had broken into its computer network and stolen the personal information of 4.5 million patients.

NutraSweet to exit artificial sweetener aspartame business

Artificial sweetener maker NutraSweet Co said on Wednesday it would exit its aspartame business by the end of the year, citing increasing foreign competition.

Asia slips as Wall Street cheer fizzles out, kiwi slides

Asian stocks slipped on Thursday, giving back earlier gains as initial cheer from a rebound on Wall Street fizzled out, while the New Zealand dollar hit a one-year low when the central bank governor decried the currency's recent strength.


Latest News

A newly discovered security bug in a widely used piece of Linux software, known as "Bash," could pose a bigger threat to computer users than the "Heartbleed" bug that surfaced in April, cyber experts warned on Wednesday.
Two new Apple (AAPL.O) products hit speed bumps on Wednesday: iPhone 6 Plus buyers discovered their phones can bend when placed in back pockets, and the company pulled its latest mobile operating system after reports of dropped cellular service.
Asian stocks rose early on Thursday, cheered by a sizeable overnight rebound on Wall Street, while the dollar resumed its advance after upbeat economic data undercut safe-haven bids and pushed yields higher.
Amazon.com Inc will boost staffing at its secretive Silicon Valley-based hardware unit by at least 27 percent over the next five years as it tests Internet-connected "smart" home gadgets such as a one-button device to order supplies.
Merrimack Pharmaceuticals shares were surging in premarket trade, up 24.5 percent to $8.95 after the company said it reached a deal to develop and market Merrimack's pancreatic cancer drug outside the U.S. with Baxter International.
An event aimed at promoting trade and investment between India and Africa has been postponed due to concerns over the deadly Ebola outbreak, India's foreign affairs ministry said on Wednesday.
Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy.
The yen rose on Wednesday after Japanese Prime Minister Shinzo Abe voiced concern about the economic impact of its fall to a six-year low, adding to the sense of a halt this week in the dollar's record-breaking run since July.
Verizon Communications Inc has hired investment bank TAP Advisors LLC to plan a sale of its network's assets including its cell towers, according to a source familiar with the matter.
Nasdaq OMX Group Inc (NDAQ.O) won a contract to administer billing and other chores for the data feed system that sparked a three-hour trading halt in Nasdaq-listed stocks last year, but a contract to build and manage the system is still undecided, the firm that oversaw bidding said on Tuesday.
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