Tokyo | October 24, 2014 08:13 (IST)
Honda said the latest recall was over two noise-related defects in the Fit and Vezel hybrids as well as some gasoline-engine Fit and N-WGN models. The automaker will also recall 251 cars overseas for the same glitch.
San Francisco | October 21, 2014 09:55 (IST)
The new iPhone, which comes in larger sizes and a heftier price tag, marks Apple's best product launch on record. That helped push overall smartphone sales to 39.27 million in the September quarter, beating the roughly 38 million some on Wall Street had anticipated.
October 15, 2014 07:43 (IST)
The third-largest US bank, built with a series of acquisitions spanning back to the 1980s, has been trying to slim down since the financial crisis to be as profitable as rivals. It has shed hundreds of billions of dollars of bad assets.
October 06, 2014 09:59 (IST)
The study by The Boston Consulting Group and totaljobs.com found respondents from 189 countries ranked London above New York and Paris, while Britain was second behind the United States as the most appealing country for international jobseekers.
New York | October 06, 2014 09:36 (IST)
Gross' position at Pimco had grown precarious in the months since El-Erian left. The firm's flagship fund, the Pimco Total Return Fund, run by Gross personally, was underperforming and bleeding assets through redemptions.
October 06, 2014 08:50 (IST)
Many investors and analysts have called for a break-up of the company, or a sale of the personal computer business, so that HP could focus on the more profitable operations of providing computer servers, networking and data storage to businesses.
San Francisco | July 30, 2014 07:55 (IST)
Stronger-than-expected results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
July 29, 2014 08:29 (IST)
Investment banks across Wall Street have tried to ease schedules of junior bankers. Institutions such as Bank of America Corp have outlined measures to ensure that analysts and associates are recommended to take a minimum of four weekend days off per month.
San Francisco | July 25, 2014 07:57 (IST)
Amazon reported a net loss of $126 million, or 27 cents per share in the second quarter, compared to a loss of $7 million, or 2 cents a share a year earlier. Total operating expenses rose 24 per cent to $19.36 billion.
July 15, 2014 10:34 (IST)
As Chinese e-commerce giant Alibaba expands beyond online retail, it is shaking up staid state banks -- and drawing regulators' attentions -- after 100 million customers poured more than $90 billion into its investment product.
Taipei | July 03, 2014 19:53 (IST)
Shares of HTC ended up 0.4 per cent ahead of the earnings release, in line with a rise in the benchmark index.
London | June 16, 2014 16:13 (IST)
Vodafone said it would offer 1.49 euros a share to buy out the shareholders in the Italian group. Cobra's majority shareholder Intek Group said in a statement it had agreed to tender its 51.4 per cent stake in Cobra for 74.3 million euros.
London | May 15, 2014 16:26 (IST)
The London-listed group, dragged into India's tax crackdown on foreign companies in January, also announced on Thursday that the financial damage resulting from the tax authorities' freeze on its $1.1 billion of Indian assets will be assessed by the company in August.
May 15, 2014 13:08 (IST)
Vedanta's stock fell as much as 4.5 per cent to 941 pence in early trading on Thursday, making it one of the biggest percentage losers on the FTSE-250 Midcap Index.
Washington | May 14, 2014 22:21 (IST)
Apple and Samsung have been litigating around the world for three years, each accusing the other of infringing patents in making smartphones and other mobile devices. Neither side has scored a crippling sales ban.
Tokyo | May 09, 2014 10:30 (IST)
Japanese automakers have been big winners over the past year as a sharp drop in the yen inflated their repatriated profits, with results accelerating on the back of stronger demand in key markets including the US and China.
San Francisco | May 01, 2014 07:34 (IST)
Facebook generates the bulk of its revenue from ads that appear on its own Web pages and within its own mobile app. By distributing ads across a constellation of independent mobile apps, Facebook effectively expands its advertising space, opening the door to more revenue.
April 24, 2014 10:28 (IST)
Buffett said he and partner Charlie Munger did not want to vote against the plan because he did not want to show disapproval of management, adding that he has enormous respect for Coca-Cola's chief executive, Muhtar Kent.
April 18, 2014 07:40 (IST)
In 2009, John Mack, then chief executive of Morgan Stanley, agreed to buy Citigroup's Smith Barney retail brokerage business over time, a deal that closed in the middle of 2013. With that purchase, about half of Morgan Stanley's annual revenue comes from wealth and investment management, which tends to fluctuate less than trading revenue.
San Francisco | April 17, 2014 07:37 (IST)
Google's core Internet business revenue climbed 19 per cent to $15.42 billion in the first quarter from $12.95 billion in the year-ago period.