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Microsoft To Take $6.2B Charge For Online Ad Biz

Posted: 07/02/2012 - Microsoft is absorbing a $6.2 billion charge to reflect its inability to produce more revenue from an online ad service that it bought nearly five years ago.

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RIM Turnaround Tougher, Stock Hits 9-Year Low

Posted: 06/29/2012 - Research In Motion Ltd.'s stock fell to a nine-year low Friday, a day after the Canadian company said phones running its upcoming BlackBerry 10 operating system won't be available until after the holiday shopping season.

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Eurozone Leaders Discuss Emergency Market Measures

Posted: 06/28/2012 - French President Francois Hollande says the leaders of the 17 countries that use the euro are holding an unplanned meeting in the middle of the night to talk about emergency measures that might lower the borrowing rates of Italy and Spain.

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US Futures Decline With European Issues Dominant

Posted: 06/18/2012 - U.S. stock futures are falling with markets still focused on Europe, where an election in Greece provided only a brief bump in optimism over the continent's ability to withstand tenacious debt problems.

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Stanford Gets 110 Years For Role In $7B Swindle

Posted: 06/14/2012 - Former Texas billionaire R. Allen Stanford has been sentenced to 110 years in prison for orchestrating one of the largest Ponzi schemes in U.S. history.

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FDIC Joins Fed In Proposing Stricter Capital Rules

Posted: 06/12/2012 - U.S. banks would have to keep a bigger cushion against unexpected losses under rules being proposed by the Federal Deposit Insurance Corp. The requirements are intended to prevent another financial crisis.

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Oil Price Tumbles On Weak Economy

Posted: 06/08/2012 - The price of oil fell below $83 on the prospect of weak economic growth with no immediate assistance from the U.S Federal Reserve.

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Oracle unveils suite of 'Cloud Computing' Services

Posted: 06/06/2012 - Oracle will distribute more than 100 business software applications over the Internet as the company tries to adapt to a computing shift threatening to turn it into a relic.

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