Darren Bagwell, who helps manage $60 billion at Thrivent Asset Management, is frustrated with Yahoo Inc Chief Executive Officer Jerry Yang, the man he says is standing in the way of a payout from Microsoft Corp.
Microsoft Corp plans to stop making HD DVD players and cut the price of existing supplies by more than half after the leading promoter of the high-definition video format conceded defeat to Sony Corp's Blu-ray last week.
A promise to turn rust-red iron ore into gold for investors has transformed Andrew Forrest from a "penny stock" mining entrepreneur with a dream into Australia's richest man, worth more than $7 billion.
Mitsubishi Heavy Industries Ltd, Asia's largest aerospace company, is in talks to win its first commercial orders for satellite launches using its H-2A rocket, a Japanese newspaper reported yesterday.
Nestle SA, the world's largest food company, raised second-half profit 14 percent, beating analysts' estimates, after passing on higher commodity costs to consumers by increasing prices of Dreyer's ice cream and Nescafe instant coffee.
Dresdner Bank AG, Germany's third largest bank, agreed to rescue its $18.8 billion K2 structured investment vehicle, joining Citigroup Inc and HSBC Holdings Plc in putting capital at risk to bail out investment funds crippled by the collapse of the subprime mortgage market.
The European Commission cut its forecast for economic growth in the euro area and predicted the strongest inflation since the start of the single currency, highlighting the dilemma facing the region's central bank.
Hamburger chain Jack in the Box Inc posted a better-than-expected quarterly profit, helped by a rise in revenue on addition of new products to its menu, and raised the top end of its 2008 earnings forecast, sending its shares up more than 5 percent.
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Raymond Zhou
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Chen Weihua
