BlackBerry CEO Thorsten Heins had declared his disappointment as to last quarter's results. BlackBerry CEO Thorsten Heins intimated he was 'very disappointed' with the results from the last quarter as the sales of the company's smartphones plunged, most especially in the Americas.
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Facebook should form a corporate venture group - report
Noticing the number of Facebook employees leaving the social media company, a Techcrunch report suggested that forming a new venture capital group would make sense to curtail the employee attrition.
Capital shortfall in banks over USD155 billion, 60% of them in Europe - report
A Reuters report said banks would need to increase their capital by USD155 billion or EUR115 billion in order to comply with the global Basel III accord.
ICAP gets USD87 million fine over rate rigging
US and British regulators had charged interdealer broker firm ICAP's European arm and three ex-employees for rigging the London interbank offered rate to their benefit.
Aging population results in less effective monetary policy- column
Reuters columnist Allison Schrager said one of the reasons why the US Federal Reserve did not manage the recession as well as it should is the nation's aging population.
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A source told Reuters that US Federal Reserve Vice Chair Janet Yellen was still the top choice to succeed Chairman Ben Bernanke in January.
Analysts and industry executives gave their take on the USD 4.7 billion buyout offer for BlackBerry on Reuters Instant View.
NCUA files case against Morgan Stanley and 8 others for selling USD 2.4 billion in faulty securities
A US regulator filed a case against Morgan Stanley and eight other lenders for selling faulty securities to two credit unions.
Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.
State officials who would be managing "Obamacare's" healthcare insurance said they are confident that they would still be able to access funds in the event of a government shutdown.
Leucadia National Corp bought USD 158 million worth of Harbinger Group Inc shares from Philip Falcone's hedge funds.
Swiftype, a software company that assists clients to integrate search engines in their company sites, raised another USD7.5 million in its recent funding round.
US Government software contractor Palantir Technologies, Inc has raised USD196.5 million in capital for growth, according to a filing with the US Securities and Exchange Commission.
JC Penney Co Inc's decision to sell shares caused its stock value to further depreciate. The decision by JC Penney Co to strengthen its cash reserves by the issuance of new USD1 billion in new shares resulted in a decline in its stocks by more than 13% last Friday.
