"Facebook may file for IPO next week"
Channel News Asia, 27-Jan-12 09:58 PM
NEW YORK: Facebook may file papers for an initial public offering next week that would value the social network at up to $100 billion, The Wall Street Journal reported on Friday.
"US stocks mixed after GDP, Chevron disappoint"
Channel News Asia, 27-Jan-12 09:52 PM
NEW YORK: A disappointing quarterly report from Chevron and a lower-than-expected US economic growth report for the fourth quarter kept a lid on US markets on Friday.
"Oil prices mixed on Europe, US growth concerns"
Channel News Asia, 27-Jan-12 09:22 PM
NEW YORK: World oil prices ended mixed on Friday as traders weighed disappointing US economic growth data, Europe's debt crisis and the simmering tensions with Iran over its alleged nuclear weapons programme.
"US blocks some orange juice imports due to fungicide"
Channel News Asia, 27-Jan-12 08:21 PM
WASHINGTON: US authorities on Friday detained nine shipments of orange juice from Brazil and Canada after their contents tested positive for an illegal fungicide.
"Fitch cuts rating of five eurozone countries"
Channel News Asia, 27-Jan-12 08:12 PM
WASHINGTON: Rating agency Fitch on Friday downgraded five eurozone countries, including Italy and Spain, citing their vulnerability to sharp turns in market sentiment amid Europe's debt crisis.
"IMF's Lagarde calls for Japan, US debt cut targets"
Channel News Asia, 27-Jan-12 05:40 PM
DAVOS, Switzerland: IMF chief Christine Lagarde called on Friday on Japan and the United States to set debt reduction targets as their contribution towards lifting the world out of the economic crisis.
"James Murdoch to resign from board of drug firm GSK"
Channel News Asia, 27-Jan-12 05:13 PM
LONDON: James Murdoch, at the centre of the phone hacking scandal in his family's British newspaper business, has resigned from the board of GlaxoSmithKline, the pharmaceuticals giant said on Friday.
"Chevron profits fall despite higher oil prices"
Channel News Asia, 27-Jan-12 04:51 PM
NEW YORK: Chevron Corp. reported on Friday weaker fourth-quarter profits as higher oil prices were offset by rising tax and operating costs and lower sales.
