Intel hit by downturn in core PC market

on
PC shipments declined between 4.9 and 6.4% in the fourth quarter year on year, according to differing statistics from Gartner and IDC
Categories: Uncategorized

Stocks rise on US economy hopes

on
European shares rise and Wall Street appears poised to trade at fresh 5-year highs as optimism about the US economy reinvigorates global ‘risk’ rally
Categories: Uncategorized

Rio chief quits after $14bn writedown

on
Tom Albanese steps down following $14bn in writedowns and will be replaced by Sam Walsh, head of the Anglo-Australian miner’s iron ore division
Categories: Uncategorized

Cayman Islands to open up to scrutiny

on
Regulator outlines plans to create a public database of funds domiciled on the island following demands from investors and politicians
Categories: Uncategorized

Grounding threatens Boeing’s 787 dream

on
The Federal Aviation Administration says that US airlines cannot fly Dreamliners until it is shown ‘to the FAA that the batteries are safe’
Categories: Uncategorized

Citi and BofA fail to dispel concerns

on
The banks have suffered setbacks in their attempt to escape a troubled legacy of problems from the financial crisis with renewed worries over legal costs
Categories: Uncategorized

‘Pharaoh’s curse’ costs WSE chief his job

on
Ludwik Sobolewski was fired over allegations that he had approached companies listed on his bourse to finance a film that will star his girlfriend
Categories: Uncategorized

E*Trade to name Idzik as chief executive

on
Idzik, who served as chief operating officer at Barclays under Bob Diamond when he was chief executive, to join US online retail brokerage
Categories: Uncategorized

Deepwater North Uist well nearing conclusion west of Shetland

on
Faroe Petroleum has provided a detailed update on its current and upcoming exploration wells offshore northwest Europe.
Categories: Offshore
A Dow Chemical plant in Freeport, Texas. (AP Photo/Pat Sullivan)

Oil industry battles back on natural gas exports

on
The oil and gas industry on Thursday stepped up its fight for natural gas exports and criticized a new coalition of manufacturers that wants to restrict foreign sales of the fossil fuel.