July 29, 2011
Nintendo shares plunge 20% after company reports a loss
Shares in Nintendo have plunged on the Tokyo stock exchange a day after the company said it made a loss in the first quarter. Its shares fell by 20% in early trading as investors reacted to the worse-than-expected earnings report. On Thursday,…
July 29, 2011
Vodafone shareholders to get £2bn Verizon dividend
Vodafone shareholders will finally receive a return on the company's investment in Verizon Wireless after the US telecoms firm approved the payment of a $10bn (£6.1bn) dividend. Vodafone owns a 45% stake in Verizon, and so will receive $4.5bn,…
July 29, 2011
Unemployment claims drop below 400,000
Finally, some better news about the job market: the number of first-time filers for unemployment benefits fell below 400,000 for the first time since early April. There were 398,000 initial unemployment claims filed in the week ended July 23, the…
July 29, 2011
Exxon profits up on higher oil prices
US oil giant Exxon Mobil has reported a rise in quarterly profits on the back of higher oil prices. The company said that net profit rose to $10.7bn (£6.6bn) for the three months to June, up 41% from the same period last year. The profit was its…
July 29, 2011
US debt: House vote on Republican spending cuts delayed
A vote on a Republican bill to raise the US debt ceiling, cut spending and avert default has…
July 29, 2011
Nato takes over Kosovo border posts after clashes
Nato has deployed peacekeepers in the north of Kosovo after a border post with Serbia was burnt down and a Kosovo policeman killed. Serbian nationalists in Kosovo attacked the post on Wednesday after Kosovo's government sent police to enforce a…
July 29, 2011
Libyan rebel commander Abdel Fattah Younes killed
The military commander of the Libyan rebels fighting to topple Col Muammar Gaddafi has been killed, the rebel National Transitional Council says. NTC head Mustafa Abdul-Jalil said Gen Abdel Fattah Younes was killed by assailants, and the head of…
July 29, 2011
Dominique Strauss-Kahn: Maid ‘may file civil suit’
The hotel maid who accuses ex-IMF head Dominique Strauss-Kahn of attempted rape may file a civil suit if prosecutors do not press criminal charges, her lawyer says. The Manhattan district attorney's office has publicly announced they had doubts…
July 29, 2011
Ollanta Humala is sworn in as new Peru president
Former army officer Ollanta Humala has been sworn in as Peru's new president, vowing to eradicate poverty and social exclusion. His inauguration was being attended by regional leaders, although not by outgoing President Alan Garcia. Mr Humala…
July 17, 2011
Volkswagen sells record 4m vehicles over six months
Volkswagen has sold more than 4 million vehicles during the first half of the year, a record for Europe's largest carmaker. Deliveries increased by 14% on the same period last year, led by strong growth in Asian markets. Volkswagen, headquartered in…