Hedge fund star asks Microsoft CEO to go

2011-05-26 10:06:41

Influential hedge fund manager David Einhorn has called for Microsoft Corp Chief Executive Steve Ballmer to step down, saying the world's largest software company's leader is stuck in the past.

Oil near $102 amid weak dollar

2011-05-26 14:14:19

Oil prices inched higher to near $102 a barrel in Asia amid a weaker dollar and mixed signs about US crude demand.

S Korean parts maker strike impacts auto industry

2011-05-24 16:08:53

A labor strike at Yoosung Enterprise, a South Korean manufacturer of engine parts like piston rings, cylinder liners and camshafts, appears to inflict severe damage on the automobile industry.

Ford sees chance to woo Japanese buyers

2011-05-24 15:59:11

Ford sees a big chance in coming months to snatch buyers away from the Japanese automakers.

Greek default would hit euro zone

2011-05-24 15:35:39

A Greek debt default would hurt other peripheral euro zone states, Moody's said in a statement on Tuesday.

Greece music site security breached

2011-05-24 17:01:58

Sony says it has discovered a security breach affecting 8,500 user accounts in a music entertainment website in Greece.

Air New Zealand increases flights to China

2011-05-23 13:14:49

New Zealand's national carrier Air New Zealand will increase passenger capacity on routes to China by more than a fifth.

Royal Wedding hat sells for over $130,000

2011-05-23 08:45:16

Auction site eBay says a bidder has paid 81,100 pounds ($131,648) for the silk bow hat worn by Princess Beatrice to last month's royal wedding.

Greece discusses fiscal plan

2011-05-23 08:56:41

Greek Prime Minister will discuss new measures with his cabinet to cut the budget deficit.

APEC ministers promote multilateral trade talks

2011-05-20 13:57:23

Asia Pacific trade ministers discussed ways on Thursday to maintain the momentum for pushing forward the current deadlocked multilateral trade talks

Gold outlook positive for 2011

2011-05-19 22:56:34

The global outlook for gold demand remains robust throughout 2011 against the background of another strong quarter.

Royal wedding boosts UK retail sales

2011-05-19 16:57:30

British retail sales climbed more than expected in April, boosted by the extra holiday for the Royal Wedding and record temperatures.