Posts | Comments | Email

Featured Stock Market News

Cisco leapfrogs rivals with faster router

NEW YORK – Cisco Systems Inc introduced its first major new routers in six years and said they can be configured to handle Internet traffic up to 12 times faster than rival products. While analysts said the upgrade was significant and could help boost sales to phone carriers grappling with surg

03.10.2010 | Breaking News | TonyLiu

No Comments

Class-action lawsuits could cost Toyota $3B-plus

MIAMI (AP) - Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review of cases, legal precedent and interviews

03.10.2010 | Breaking News | TonyLiu

No Comments

Greek PM says Obama positive on crackdown on speculators

WASHINGTON - Greek Prime Minister George Papandreou said on Tuesday that he had received a positive support from US President Barack Obama to deal with the crisis in Greece. "We have found a positive response from President Obama which means this issue will be on the agenda in the next G20 meetin

03.10.2010 | Breaking News | TonyLiu

No Comments

Toyota to expand recall of Tundra pickups for rust

WASHINGTON — Toyota said on Tuesday it will expand a recall announced last year to fix Tundra pickup trucks with frames that could rust and lead to spare tires falling from the vehicle. Toyota spokesman Brian Lyons said the recall will cover Tundra pickups from the 2000-2003 model years in all

03.10.2010 | Breaking News | TonyLiu

No Comments

Philippine FDI in 2009 hits $1.9 billion

MANILA, March 10 (Xinhua) -- The Philippines' net foreign direct investments (FDI) in 2009 hit $1.9 billion, 26.2 percent higher from the previous year buoyed by investors confidence in the Philippine economy, the country's central bank said Wednesday. "The country continued to attract foreign i

03.10.2010 | Breaking News | TonyLiu

No Comments

Drugmaker Novartis announces $5b bond issue

BASEL, Switzerland - Swiss drugmaker Novartis AG announced Wednesday a $5 billion bond issue to finance its purchase of eye-care company Alcon Inc. The pharmaceuticals company said the notes will be issued in three parts by its US subsidiary Novartis Capital Corporation. "Proceeds will be used

03.10.2010 | Breaking News | TonyLiu

No Comments

Banking group pledges to touch 1b lives by 2020

DHAKA - A group of growing, crisis-resistant and sustainable banks says it has pledged to touch the lives of 1 billion people by 2020, according to a press release on Wednesday. Leaders of the 11-member Global Alliance for Banking on Values (GABV) made the pledge as they closed their second meeti

03.10.2010 | Breaking News | TonyLiu

No Comments

S Korea-EU FTA likely to be inked by April

SEOUL - South Korea seeks to reach the final stage of sealing a free trade agreement (FTA) with the European Union by the end of April, the trade ministry said Wednesday. "We are aiming at formally sealing the deal in end-April, which we are now in discussion with the EU board directors," Lee Hye

03.10.2010 | Breaking News | TonyLiu

No Comments

UK’s Brown warns of new economic woes

LONDON - British Prime Minister Gordon Brown warns that the UK may suffer another economic downturn, including a possible dip back into recession. In a speech on Wednesday Brown will say "there are still substantial risks ahead, there will be bumps in the road," according to excerpts released in

03.10.2010 | Breaking News | TonyLiu

No Comments

Egypt’s top Muslim Imam dies of heart attack

CAIRO - Grand Imam of Al-Azhar Sheikh Mohamed Sayyid Tantawi died of a sudden heart attack Wednesday morning in Saudi Arabia, the official MENA news agency reported. As the country's top Muslim cleric, Tantawi, 81, arrived in the Saudi capital Riyadh Tuesday to attend the King Faisal Internationa

03.10.2010 | Breaking News | TonyLiu

No Comments

10 suspects held in Russia train bombing

MOSCOW - Ten men captured by Russian security forces in a raid that killed a militant leader last week have been arrested as suspects in a deadly November train bombing, Russian news agencies reported on Wednesday. The suspects were detained in a two-day operation in a village in the mainly Musli

03.10.2010 | Breaking News | TonyLiu

No Comments