Business News
Business News
Nokia to cut 10,000 jobs by end of 2013
World: Business HELSINKI (AP) — Nokia Corp. will lay off 10,000 jobs globally and close plants by the end of 2013, the company said Thursday, in a further drive to save costs and streamline operations. Nokia said it will shut some research and development projects, including in Ulm, Germany, and…
Business News
World stocks fall
World: Business MILAN (AP) — World stock markets sank Thursday amid ominous signs that debt market turmoil roiling Spain is threatening Italy, which as the eurozone's third-largest economy is considered too big to bail out. Spain's 10-year bond yield — a key indicator of a country's creditworthiness — rose to…
Business News
China seen as top economic power
World Business BEIJING (AP) — For the first time, people responding to a global survey are more likely to view China and not the United States as the world's leading economic power. The results of the Pew Research Center survey do not reflect reality: America's economy remains well ahead of…
Business News
Apple integrates Facebook into iPhone software
SAN FRANCISCO (AP) — Fresh off a disappointing initial public offering, Facebook is getting a big boost from Apple, which is building the social network deep into its iPhone and iPad software.With the next version of Apple Inc.'s software, users will be able to update their Facebook status by talking…
Business News
'Power' Update: Oil above US$86; Spain rescued;Iran and West talk Nuclear
Business SINGAPORE (AP) — Oil jumped above $86 a barrel Monday in Asia after Europe offered Spain a $125 billion rescue loan for its troubled banks. Benchmark oil for July delivery was up $2.00 to $86.10 per barrel at midday Singapore time in electronic trading on the New York Mercantile…
Business News
Apple expected to show fresh software, new Macs
Business NEW YORK (AP) — Apple CEO Tim Cook is expected to show off new iPhone software, updated Mac computers and provide more details on future releases of Mac software when he kicks off the company's annual conference for software developers on Monday. The announcement of new software for the…
Yahoo, Facebook strike patent truce, ad alliance...
SAN FRANCISCO (AP) — Facebook and Yahoo have agreed to settle a months-long patent dispute, averting a potentially expensive battle over the technology running two of the Internet's most popular destinations. In dropping the lawsuits, the companies agreed to license their patents to each other and form an advertising and…
