Archive for the 'Business' Category

Microsoft nears search deal with Verizon: report (Reuters)

 Microsoft nears search deal with Verizon: report 
    (Reuters)Reuters - Microsoft Corp is moving closer to an agreement with Verizon Wireless to become the default search provider on the wireless carrier's cell phones, the Wall Street Journal said, citing people familiar with the discussions.

Original post by Reuters and software by Elliott Back

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AmEx seeks $3.5 billion from government: report (Reuters)

Reuters - American Express Co , the No. 4 U.S. credit card issuer, is seeking about $3.5 billion in tax-payer funded capital from the U.S. government, the Wall Street Journal said, citing people familiar with the situation.

Original post by Reuters and software by Elliott Back

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Asia stocks fall on dismal outlook (Reuters)

 Asia stocks fall on dismal outlook 
    (Reuters)Reuters - Asian shares fell for a second day on Wednesday and oil prices hovered near a 20-month low as poor corporate earnings highlighted the damage from the global economic slowdown on companies and consumers.

Original post by Reuters and software by Elliott Back

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Gloom grips markets as global downturn spreads (Reuters)

 Gloom grips markets as global downturn spreads 
    (Reuters)Reuters - China's retail sales data on Wednesday pointed to slowing consumption and the World Bank said more countries are seeking its help, as evidence mounted that the rich-world downturn is spreading through emerging economies.

Original post by Reuters and software by Elliott Back

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  • Cisco sees second-quarter revenue down as economic woes spread (Reuters)