News
China's GDP exceeds market expectations growing by 9.5%
15:35 13.07.2011 |
Business
The latest quarterly data report from the National Bureau of Statistics showed China's gross domestic product rising 9.5% y/y during the second quarter -- a touch above market expectations of 9.4% -- while the key industrial output growth indicator surged 15.1% y/y in June, far outpacing both May's 13.3% reading and the market's expectation of a 13...
Warren Buffett's Philanthropy
14:21 08.07.2011 |
Business
Warren Buffett, who is urging fellow billionaires to commit most of their wealth to charity, gave away stock valued at about $1.5 billion in his annual gift to the foundation established by Bill Gates.
Bank of America agrees to pay $85 billion to resolve claims made by bondholders
15:03 30.06.2011 |
Business
Bank of America, the nation's biggest bank, agreed to pay $85 billion to resolve claims made by bondholders that the lenders sold troubled mortgage-backed securities that soured when the housing market tanked.
Steve Jobs unveils nothing new at Apple's annual conference
14:00 07.06.2011 |
Business
Apple CEO Steve Jobs briefly emerged from a medical leave Monday to unveil a free service that lets customers share calendar entries, songs and other files among their devices more easily.
Chinese hackers access Google accounts of senior US officials
11:29 02.06.2011 |
Business
Hackers in China obtained access to the personal Google email accounts of senior U.S. government officials, Chinese political activists, officials from several Asian countries, journalists, military personnel and hundreds of others, Google said Wednesday in a blog post.
Blast kills three, injures 15 workers in Foxconn factory, maker of Apple’s iPhones and iPads
04:51 23.05.2011 |
Business
A third employee had died from injuries caused by an explosion at a factory of Foxconn in Chengdu, China, the company said Sunday. Initial findings show the blast was caused by "combustible dust in a duct."
LimeWire agrees to pay $105 million to music industry in piracy settlement
07:25 14.05.2011 |
Business
File-sharing software company LimeWire has agreed to pay record companies $105m (£64m) to end a five-year legal battle over illegal filesharing. The out-of-court settlement with 13 record companies, including labels owned by the four major groups, comes days after the start of a trial to decide damages following a decision that the service was...
