Joining the debate on the controversy over the proposed mosque near Ground Zero, the father of Wall Street Journal reporter Daniel Pearl, who was beheaded by militants in Pakistan, has said the mosque should not be built there and should be moved to another location.
Adobe and Apple would also close their offices during the holidays.
The Citigroup may cut a deal with the US government on Monday that will allow it to repay the bailout fund the financial entity had received at the height of the global financial crisis, says a report.
The next-generation iPad, which is unofficially termed the 'iPad 2', is expected to be 'thinner and lighter'.
Larry Ellison, the top-paid US CEO got a salary of Rs 8,587 crore ($1.84 billion) during the last decade. Check out the other top earners. . .
The company's recently hired chief executive Robert Benmosche threatened to quit last month reportedly amid frustrations over limitations on pay for top AIG executives.
Apple is working on less-expensive iPhones, while undertaking an overhaul of applications amid growing competition.
Cellphone maker Motorola Inc is in talks with Nokia Siemens Networks to sell its wireless- networking business for $1.2 billion, a media report said.
Infosys Technologies Ltd expects to find acquisition opportunities in the US during the downturn, co-chairman Nandan Nilekani was quoted as saying on Friday. "Acquisitions will definitely be very accessible in this market from a price point of view," Nilekani told the Wall Street Journal in an interview. "If it makes sense, we'll do it."
India's capacity to deal with terror is better today than what it was two years ago. And I can say with confidence our capacity to deal with terror next year would be even better from what it is today, says home minister
Jobs has been taking business meetings at home and on the phone.
The new version of the iPad will have a camera on the front of the device for features like video-conferencing, the Wall Street Journal quoted people familiar with the matter as saying.
The report stated though a deal could be reached in the next few weeks, there was no certainty about it.
Financial service provider Goldman Sachs Group Inc's shareholders have asked the company to cut the size of bonuses to be paid to executives and reward them instead, a media report says.
Sunil Maheswari, the chief executive officer and co-founder of Mango Technologies Pvt Ltd, has many accomplishments to his credit. MINT-Wall Street Journal described Mango Technologies as one of the 'Top Ten Startup Companies of 2008'.
Disgraced Tour de France winner Floyd Landis has sent a series of e-mails to cycling officials and sponsors admitting to the use of performance enhancing drugs, the Wall Street Journal reported on Thursday. The report said the American's e-mails detailed his systematic use of the drugs during his career.
Attributing to people familiar with the situation, The Wall Street Journal said executives at the New York company plan to narrow the focus of Citigroup's US branch network to six major metropolitan areas.
Financial services major Citigroup's top executive Tom King is leaving the company after 20 years of service and is likely to join Barclays Plc, a media report said.
Faced with tight financial conditions Airbus may need to cut production next year as the European plane maker anticipates two 'difficult' years ahead, Airbus chief executive Tom Enders said.
Citigroup plans to launch a $200 million fund for small-business lending in low and moderate income communities.
The report by the Wall Street Journal said, "Google Inc is planning to introduce Android-based television software to developers at an event in May," citing sources with knowledge of the development.
An American newspaper columnist has proposed a $100 billion buyout of Pakistan's nuclear arsenals, saying these weapons had become "an inviting target" for Jehadists."
Indian info-tech companies that once specialized in basic work are now providing high-value tasks such as R&D and business transformation services.
Google Inc said on Thursday that Andy Rubin, co-founder of its Android mobile business and head of its nascent robotics effort is leaving the company.
The developmental efforts undertaken by India to help rebuild a war-ravaged Afghanistan have stirred concerns in neighbouring Pakistan, a media report said on Wednesday.
Major American banks, including Citigroup and Goldman Sachs, temporarily lowered their debt in the past five quarters before reporting it to the public in order to mask risk levels, says a media report.
The ship, which departed from Long Beach, Calif., Sunday on a seven-day voyage to the Mexican Riviera, was about 200 miles south of San Diego when a fire ignited in the engine room, cutting off power, telephone service and air conditioning.
The Wall Street Journal quotes General Stanley McChrystal, who is running America's ground war in Afghanistan, as predicting that US casualties will remain high for months to come, even as he plans to change strategy by increasing the number of troops in heavily populated areas like Kandahar, where the Taliban insurgency is at its strongest.
Quoting people familiar with the matter, 'The Wall Street Journal' said: "Executives at Citigroup Inc, faced with a plunging stock price, began weighing the possibility of auctioning off pieces of the financial giant or even selling the company outright."
Under his financial policies, the Wall Street Journal reported, banks seeking government assistance would be forced to lend and to halt foreclosures. Automobile companies would be pushed to change their product lines to more advanced, fuel-efficient vehicles. Billions of federal dollars would promote solar, wind and biomass energy, while dirty coal power could be priced out of business.
Attributing to people familiar with the development, The Wall Street Journal reported that UBS AG's brokerage unit in the US is laying off nearly 200 employees, including about 25 managing directors.
The United States and Pakistan would hold their third ministerial-level Strategic Dialogue in Washington, DC, next week, against the backdrop of America pushing Islamabad to act firmly against terrorist safe havens and step up relief efforts in the wake of the devastating floods in the country
Apple's iconic chief Steve Jobs is back at work and his return will fuel debate over the company's disclosure practices which have drawn the attention of the Securities and Exchange Commission, says a media report.
In the past 10 years, 141,000 women or 2.6 per cent of female workers in finance left the industry.
A deal could be announced as early as Monday, The Wall Street Journal reported, citing people familiar with the matter.
The affected executives include Michael Klein, who was co-head of the New York company's investment bank, and Kevin Kessinger, formerly in charge of operations and technology at Citi, the report published online said. Klein and Kessinger both got lucrative severance packages when they left last year, including periodic cash payments.
In an interview to The Wall Street Journal, Oracle chief executive Larry Ellison said that he is setting a new course for Oracle that includes hiring 2,000 sales and engineering employees and developing a line of high-end computer systems.
Burger King Holdings Inc is in talks with private-equity firms like 3i Group Plc over a possible sale of the second-largest hamburger chain, says a media report.
According to an analysis by The Wall Street Journal, employees at 38 top financial companies in the country can expect to 'earn nearly 18 per cent more than they did in 2008 and slightly more than in the record year of 2007.'
Trying to adapt to changing market requirements amid recessionary conditions, corporate giants including Microsoft, IBM and Yahoo Inc are not only cutting jobs but are at the same hiring people in other business units, a media report says.
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