America Movil SA, the largest provider of wireless services in Latin America, on Thursday announced a 2 percent drop in third-quarter earnings due to a one-time charge related to the phase-out of outdated services.
Government-controlled investment funds from China, Saudi Arabia and other countries will face pressure this week from finance ministers of the world's richest countries concerned about their lack of transparency and potential to gain stakes in companies linked to national security.
The dollar fell to a new low against the euro on Thursday after the 13-nation European currency broke through the $1.43 mark on reports from Washington that growing economic weakness was boosting jobless claims.
Commodities rallied Thursday as investors sought protection from the tumbling dollar, which slid to new lows after a surge in unemployment claims raised concerns about the health of the U.S. job market.
Advanced Micro Devices Inc.'s losses were deeper than analysts feared in the third quarter, but the slumping chip maker said stronger sales of microprocessors and improving cost controls are now helping lift the company out of its financial doldrums.
Google Inc.'s third-quarter profit soared 46 percent, hurdling the enormous expectations that have elevated the Internet search leader's stock price by more $100 during the past month.
Wall Street pared its losses to finish flat Thursday but remained uneasy after disappointing results from Bank of America Corp. provided further evidence that the credit crisis is hurting the economy.
The ongoing trade battle between Airbus and Boeing Co. is "bad for the industry"but is unlikely to be resolved until the U.S. Air Force awards a $40 billion (?28 billion) contract for tanker aircraft, an Airbus official said Thursday.
A coalition of major media and Internet companies Thursday issued a set of guidelines for handling copyright-protected videos on large user-generated sites such as MySpace.
The commercial paper market registered a small increase in outstanding volume in the latest week, down from a heftier gain the prior week, but an improvement over the worrisome volume declines seen last summer.
Microsoft Corp. CEO Steve Ballmer compared the company's search technology to a precocious toddler ?one who would eventually grow up to rival nemesis Google Inc.
Ireland's long-roaring economy has reached a turning point that will mean rising red ink, slower growth and tough choices on government spending, Finance Minister Brian Cowen said Thursday in advance of a belt-tightening budget.
