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Palm Inc., the creator of the Pre smartphone, is reportedly seeking bids for the company, according to Bloomberg News. The news has sent Palm's shares soaring, jumping as much as 9.4% in Europe, as investors speculate about potential buyers. Palm, which pioneered the market for personal digital
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Boston Scientific Corp.'s shutdown of its defibrillator operation is projected to result in a significant $470 million shortfall over the next two years. According to analysts, the company may need to sell one of its non-core business units to make up for the losses. Wells Fargo Securities analyst
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A discussion between John Taylor, Professor of Economics at Stanford University, and Margaret Brennan on the US banking system and the global economy highlights concerns about debt, interest rates, and the impact of China's economic policies. As the US debt hits 90% of GDP, with the health care
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Lions Gate Entertainment Corp.'s directors have failed shareholders, according to Carl Icahn, who has made a hostile bid to buy the studio for $6 a share. Icahn's criticism comes as Lions Gate prepares to bid on Metro-Goldwyn-Mayer Inc. and Miramax, which includes a 700-movie library featuring
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Oil prices declined in early morning trade as the US dollar continued to gain strength against major currencies, fueled by persistent worries about the eurozone. The American Petroleum Institute reported a 7.51 million barrel increase in crude inventories to 351.5 million in the United States, marking the eighth
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The US Federal Reserve must reveal details of its emergency lending programs to banks during the financial crisis, a federal appeals court ruled on Friday. The decision, backed by a unanimous three-judge panel, was seen as a significant victory for news media, as Bloomberg LP and Fox News Network had
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Market uncertainty surrounding Google's future in China has left advertisers bewildered, with many demanding clarification on the Internet giant's plans. Meanwhile, Panasonic Corp. has announced that its 3D television sets have sold out in the United States during the first week of sales. Despite the confusion,
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The Dow Jones U.S. Financials Index closed at 284.79 on Wednesday, with financial stocks experiencing mixed results before Thursday's bell. The New York Fed and American International Group Inc. (AIG) agreed to shoulder up to $450 million in losses related to AIG's Japanese real
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The Dow Jones U.S. Technology Index saw a 0.79% increase to 596.03 on the Wednesday session, with several major technology stocks showing upward momentum. China Mobile's decision to expand its electronic-payment business and talks between Google and China after the latter's announcement to
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Bloomberg TV's Linzie Janis interviewed David de Garis, Senior Economist at the National Australia Bank, after the Reserve Bank of Australia (RBA) raised interest rates to 4 percent, signaling confidence in the country's strong economy. De Garis attributed the decision to the RBA's view
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The Canadian economy expanded at a 5% annualized rate in Q4, faster than predicted by the Bank of Canada. GDP grew at the fastest pace since Q3 of 2000, while copper prices jumped about 6% after an earthquake in Chile shut up to a fifth of that country's
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Rex Ryan's top-ranked defense was left flailing after Peyton Manning picked apart the Jets' defense for 377 yards and three touchdowns in the AFC championship game. The New York Jets' 30-17 loss to Indianapolis marked the end of their season, with coach Ryan pointing to his
