Microsoft’s next Steve: Windows boss faces biggest test
For Steven Sinofsky, the stern but creative engineering manager who runs Microsoft Corp’s flagship Windows division, February 29 is showtime. On that day, in Barcelona, Sinofsky will preside over the public test release of the Windows 8 operating system, the most important new version of Microsoft’s cornerstone product in a decade. Optimized More...
BP oil spill trial delayed for settlement talks
The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week, to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected by the disaster. Less More...
Apple shareholders to meet as stock at record high
Apple Inc Chief Executive Tim Cook is in an enviable position – market leading products, a $98 billion warchest and a seemingly gravity-defying stock price. But as he gears up for the annual face-to-face meeting More...
Europe seals new Greek bailout to avert default
Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default next month after forcing Athens to commit to unpopular cuts and private bondholders to More...
Iran stops oil sales to British, French companies
Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions on the Islamic state’s lifeblood, oil. “Exporting More...
U.S. banks agree to $25 billion in homeowner help
Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. Thursday’s More...
Groupon disclosure, growth concerns hit stock
Groupon Inc shares slumped Wednesday as the daily deal company’s first quarterly results since it went public stoked concern about limited disclosure and slowing growth. Groupon reported an unexpected fourth-quarter More...
S&P cuts Sony rating, warns of further downgrade
Standard and Poor’s cut its long-term debt rating on Sony Corp on Wednesday to BBB+, warning it may drop the consumer electronics giant a further notch within a year unless it shows it can achieve a significant More...
BP preparing “vigorously” for oil spill lawsuits
BP said it was preparing “vigorously” for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher More...
Chrysler’s “Halftime” ad: a roadmap for America?
Is what is good for Chrysler good for America? The auto maker courted controversy and won kudos for a two-minute Super Bowl advertisement that was less a car sales pitch than a political message in a presidential More...