Government Reconsiders Quick Sale of Citigroup Stake
Just when Vikram S. Pandit thought he was out, Washington is pulling him back in.
Two days after Mr. Pandit trumpeted news that Citigroup would start untangling itself from the federal government, his bank stumbled — this time, on Wall Street. Badly misreading the financial markets, the company struggled on Wednesday to raise the money it [...]
Globalive to launch mobile phone service in Canada
TORONTO (AP) — The Canadian government said Friday that it has approved a request from Egyptian-backed telecom Globalive Wireless Management Corp. to launch its mobile phone service in Canada.
It will be the fourth major wireless company serving Canada, competing with Rogers Communications Inc., BCE Inc. and Telus Corp.
Industry Minister Tony Clement said the federal cabinet [...]
Google set to map the world — and push out GPS makers as a result?
Google (GOOG) changed the game of many global GPS appliance makers this month by announcing a completely free and quite capable GPS product as part of the Motorola Droid handset announced and now being sold by Verizon Wireless.
In what seems to be the norm for Google, it is once again disrupting an entire market by [...]
S&P faces 1,100, searches for catalyst
NEW YORK (Reuters) – U.S. stocks could face difficulty gaining traction this week as the S&P 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.
With the vast majority of corporate results already reported, market watchers are casting around for the next [...]
Google eyes China as Baidu fumbles
SAN FRANCISCO/SHANGHAI (Reuters) – In 2005, China administered a spelling test that asked respondents to spell “Google” for a search market report: only 60 percent took the test and more than 20 percent got it wrong.
Four years later, Google Inc (GOOG.O: Quote, Profile, Research, Stock Buzz), whose whimsical name is synonymous with Internet search in [...]