CERNOBBIO, Italy (Reuters) – ECB President Jean-Claude Trichet stepped up warnings over Italy’s strained public finances on Saturday, telling the struggling center-right government it must act quickly to reassure nervous markets. Prime Minister Silvio Berlusconi, hit by a renewed bout of scandal this week, has caused growing alarm over the failure of his divided government ...
DES MOINES, Iowa – Presidential hopeful Michele Bachmann pivoted her focus to jobs and the economy Wednesday during her first campaign appearance in Iowa since winning the leadoff caucus state’s Republican straw poll earlier this month. With Texas Gov. Rick Perry now in the race and promoting his state’s job growth, Bachmann put jobs ahead ...
NEW YORK – When it comes to mobile shopping, so far there’s more buzz than buy. As the number of people who use iPhones and other smartphones grows, companies selling everything from hardware to high fashion are touting all the new applications they’re rolling out that enable shoppers to do anything from check a store’s ...
WASHINGTON/NEW YORK (Reuters) – The U.S. government on Wednesday sued to block ATT Inc’s $39 billion purchase of T-Mobile USA, citing concerns it will harm competition in the wireless market and lead to higher prices. The surprise move, which was the biggest antitrust challenge yet by the Obama administration, caught the carriers by surprise and ...
SAN FRANCISCO/LOS ANGELES (Reuters) – Steve Jobs resigned as CEO of Apple Inc on Wednesday and passed the reins to his right-hand man Tim Cook, saying he could no longer fulfill the duties in a stunning announcement that raised fears his health has deteriorated further. Jobs, who fought and survived a rare form of pancreatic ...
NEW YORK – In New Brunswick, N.J., a building superintendent opened the door to apartment No. 1076 one balmy Tuesday and discovered an alarming scene: terrorist literature strewn about the table and computer and surveillance equipment set up in the next room. The panicked superintendent dialed 911, sending police and the FBI rushing to the ...
SAN FRANCISCO (Reuters) – Leo Apotheker’s credibility as a CEO is falling along with Hewlett-Packard’s stock price. Apotheker, who gained a reputation for sharp business acumen when he headed up SAP, thoroughly flummoxed HP shareholders last week with what some analysts have called a “value destroying” $11.7 billion deal to buy British software maker Autonomy ...
TOKYO (Reuters) – The Bank of Japan will consider easing monetary policy further, possibly at an emergency meeting before next month’s rate review, if further rises in the yen push down Tokyo stock prices enough to hit business sentiment, sources said. The government may also intervene unilaterally again in the currency market to weaken the ...
CORAL GABLES, Fla. – A sports bar is packed with Hurricanes boosters, most of whom are wearing their team’s orange and green colors. They spontaneously break into chanting their unofficial anthem, “It’s great … to be … a Mi-a-mi Hurr-i-cane!” As they sing, the sight of Nevin Shapiro running into an Orange Bowl end zone ...
NEW YORK – There was bold talk right after 9/11 that TV would emerge from this trauma sadder but wiser. That TV would be steeled with a higher sense of purpose than had characterized it the previous half-century. Baloney. Soon enough, the flow of TV programming, including scripted drama and comedy with all of their ...