Business News

Two U.S. lawmakers have proposed legislation that would allow money from a huge fund that subsidizes telephone and mobile service to parts of the U.S. to also go for broadband deployment.

China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday.

Don't laugh, at least not yet. There was a time when 7-11 coffee was looked down upon, but now, not so much. Let's not forget that McDonald's as well is making inroads into Starbucks' market share. So what's wrong with 7-11 wine?

Precious metals rallied this week following a weaker US dollar that was pushed lower by a series of economic reports, including the Labor Department’s higher than expected unemployment figures of 10.2 percent — a more than 26-year high. Gold reached an all-time high and silver soared. Crude oil tumbled on Friday by nearly 3 percent but still managed to post a small weekly gain. In stocks for the week, European indexes were higher and the three major US indexes advanced more than 3 percent.

It's the latest Verizon iPhone rumor, and we all know they will not stop until Apple's hit device arrives on the Verizon network (and we all know it will; the question is when). Most have assumed it would be when Verizon moves to next-generation LTE technology, but the latest rumor is, instead, that Apple will be producing a dual-mode world phone version of the iPhone.

Nov. 6 -- Robert Diener, founder and former president of Hotels.com, talks with Bloomberg's Pimm Fox about getaroom.com's hotel booking system and the Las Vegas and Orlando markets.

Regulators on Friday shut small banks in Georgia, Michigan, Minnesota and Missouri, bringing the number of bank failures this year to 119 amid the struggling economy and a cascade of defaults on loans.

Warren Buffett's company says its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts.

The unemployment rate has surpassed 10 percent for the first time since 1983 - and is likely to go higher.

Stocks were little changed near midday on Friday despite a government report showing more jobs were lost in October than expected and pushing the unemployment rate above 10 percent for the first time since 1983.

MOUNTAIN VIEW, Calif. -- Google has stepped up its privacy efforts, launching a new Web feature Thursday that it claims will give users more control over their personal data.

ORLANDO, Fla., --- Plainvue Software, Inc., an independent video game studio based in Orlando, has released Fraction’s Kitchen™ , the third in a series of video games designed to sharpen the math skills of late elementary and middle school students.

Daniel Roy, chief executive officer of Plainvue Software, Inc., said the new game is part of Plainvue’s Order of the Abacus™ series of games available for download at the Apple iTunes Store for iPhone and iPod Touch.

ORLANDO, Fla., --- Tsunamic Technologies, Inc. is rebranding itself and relaunching as Sabalcore Computing, Inc.

Located in East Orange County, the company, which provides Linux-based cluster computing power to large-scale users such as the U.S. Naval Air Systems Command, secured the Sabalcore.com web domain and recently relaunched itself as Sabalcore, Inc.

Nov 6 - Asian shares join a global rally, as U.S. economic concerns ease after a rollercoaster week.

A further 14 individuals have been charged in connection with the alleged $20m insider trading scheme at US hedge fund Galleon Group.

Companies across the U.S. economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off any time soon.

The U.S. Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.

US computer chip giant Intel used illegal tactics which stopped consumers getting better products and lower prices, it has been alleged.

Geohot has done it again. He recently released an iPhone OS 3.1.2 jailbreak, and now he's released a software unlock for the device as well. This enables users to slip a different carrier's SIM into the device so it can be used on another network.

Cisco Systems Inc. doesn't want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. and other economies are roaring back.