AMERICAS

Microsoft's Bill Gates steps down

Seattle - Microsoft named company veteran Satya Nadella as its next chief executive officer on Tuesday, ending a longer-than-expected search for a new leader after Steve Ballmer announced his intentio...

By Reuters, AFP | Published: 04 February 2014

AMERICAS

Wealthy families hoarding cash, says Citi

A new survey of family offices by Citi finds that the wealthy are cash heavy  - meaning they may fall short of the investment returns they're expecting.Wealthy families have about 39 percent of t...

By CNBC's Lawrence Delevingne. | Published: 04 November 2013

AMERICAS

US Government shuts down

WASHINGTON - The U.S. government began its first partial shutdown in 17 years, idling as many as 800,000 federal employees, closing national parks and halting some services after Congress failed to br...

By Bloomberg | Published: 01 October 2013

AMERICAS

BlackBerry posts $965m loss

Ottawa - BlackBerry said Friday that it lost $965m in the past quarter, confirming preliminary figures showing a rapidly eroding picture for the Canadian smartphone maker.The company, which had given ...

By AFP | Published: 27 September 2013

AMERICAS

BlackBerry is in a death spiral - analyst

Toronto - BlackBerry's plan to retreat from the consumer market in favour of its traditional strength serving businesses and governments is widely seen as a desperate move that industry watchers warn ...

By Reuters | Published: 23 September 2013

AMERICAS

BlackBerry unveils the Z30 as its new flagship

Toronto - BlackBerry launched its new Z30 flagship smartphone on Wednesday, as it battles to win back market share despite uncertainty around its future.Once a pioneer in the smartphone arena, BlackBe...

By Reuters | Published: 18 September 2013

AMERICAS

Apple unveils new iPhone 5s and 5c

Apple has unveiled two new iPhones: the 5S, which has a significantly faster processor and an extremely cool feature in the fingerprint sensor, and the budget 5C version.These are the phones the compa...

By Staff reporter | Published: 11 September 2013

AMERICAS

Microsoft to buy Nokia's mobile phone business unit

Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn euros ($7.2bn; £4.6bn).Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 45% on new...

By BBC | Published: 03 September 2013

AMERICAS

Microsoft CEO Steve Ballmer to retire within 12 months

Steve Ballmer has been CEO of Microsoft MSFT +8.18% since taking over from Bill Gates in January 2000, but his long tenure is drawing to a close.The tech giant said Friday that Ballmer has decided to ...

By Business reporter | Published: 23 August 2013

AMERICAS

Moody's considers downgrading top US banks

NEW YORK - Moody's has warned that it could cut the credit ratings of the six biggest US banks, saying the federal government may be less likely to bail them out if they got into trouble in the future...

By FT | Published: 23 August 2013

AMERICAS

Tesla says model S Sedan receives top U.S. crash rating

Los Angeles-Tesla Motors Inc (TSLA), the electric-car maker led by billionaire Elon Musk, said its flagship Model S sedan received the highest crash test ratings of any car tested by U.S. regulators.T...

By Bloomberg | Published: 21 August 2013

AMERICAS

New iPhone to be revealed soon - report

New York - Apple is to unveil its next iPhone on 10 September, according to The Wall Street Journal blog AllThings D.The blog cited unnamed sources for its report. An Apple representative declined to...

By Staff reporter | Published: 12 August 2013

AMERICAS

BlackBerry mulls selling itself

New York - Struggling smartphone maker BlackBerry said Monday it is examining "strategic alternatives," including the possibility of selling off the firm.The Canadian firm said it had formed a committ...

By AFP | Published: 12 August 2013

AMERICAS

Fed to force banks to follow tougher capital rules

The Federal Reserve warned US banks to expect a new raft of regulations on top of the Basel III capital regime it implemented on Tuesday. At a board meeting in Washington, Fed officials led by chairma...

By FT | Published: 03 July 2013

AMERICAS

Who will succeed Ben Bernanke?

Washington - The White House has assembled a short list of candidates to succeed Federal Reserve Chairman Ben Bernanke, a source familiar with the process said last week, and US Treasury Secretary Jac...

By Reuters | Published: 01 July 2013

AMERICAS

New $100 bill expected in October

New York - For only the fourth time in history, there will be a new $100 bill.America's Federal Reserve announced that after a three-year delay due to slower-than-expected production there will be an ...

By CNNMoney | Published: 30 June 2013

AMERICAS

Morgan Stanley completes purchase of Smith Barney Venture

Morgan Stanley (MS) completed its purchase of a brokerage joint venture with Citigroup Inc.'s Smith Barney, capping a four-year effort to more than double the size of its wealth-management division.Mo...

By Michael J. Moore | Published: 30 June 2013

AMERICAS

Obama to name Furman as chief economist

Washington - President Barack Obama on Monday will nominate longtime adviser Jason Furman to be his new chief White House economist, an administration official said.Furman, who will replace economist ...

By Reuters | Published: 11 June 2013
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