Lenovo Group expects wireless Internet products to account for up to 80 percent of its sales within five years as it pursues expansion in faster-growing emerging markets, CEO Yang Yuanqing said Friday.
Lenovo says business will focus on mobile Internet (AP)
March 12th, 2010Senators question $1 million pay for charity’s CEO (AP)
March 12th, 2010A group of Republican senators is questioning high salaries and expensive travel bills for executives at the Boys & Girls Clubs of America, raising issues that could jeopardize millions in federal funding for the national charity.
Democrats pare differences over health overhaul (AP)
March 12th, 2010Top Democrats say they are resolving disputes over President Barack Obama’s health overhaul plan, but they face decisions on subsidizing coverage and are still hunting votes to push the vast package through Congress.
Haier selling GE appliances in rural China (AP)
March 12th, 2010Chinese appliance maker Haier says it has joined with General Electric in selling GE appliances to rural areas, the focus of subsidies intended to boost spending by hundreds of millions of farmers.
Dems look to health vote without abortion foes (AP)
March 12th, 2010House Democratic leaders Thursday abandoned a long struggle to strike a compromise on abortion in their ranks, gambling that they can secure the support for President Barack Obama’s sweeping health care legislation with showdown votes looming as early as next week.
Money fund assets fell to $3.090T in latest week (AP)
March 12th, 2010Total money market mutual fund assets fell by $36.22 billion to $3.090 trillion for the week, the Investment Company Institute said Thursday.
Oil hovers above $82 as month-long rally stalls (AP)
March 12th, 2010Oil prices hovered above $82 a barrel Friday in Asia as investors mulled whether extending a monthlong rally is justified amid evidence of weak U.S. crude demand.
Asia stocks mixed as traders await economic clues (AP)
March 12th, 2010Asian stock markets were mixed Friday as investors held out for additional clues to the strength of economic recovery. Most markets were little changed, a recent pattern that analysts say reflects uncertainty surrounding the U.S. rebound, China’s policies and debt troubles in Europe.
Report: Obama to tap Yellen to be Fed vice chair (AP)
March 12th, 2010President Barack Obama is planning to nominate Janet Yellen, president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of central bank in Washington, The Wall Street Journal reported.
How to Salvage Your Retirement
March 12th, 2010Almost 30% of those who have already retired have saved nothing at all to support themselves, while only a third have saved at least $50,000. Instead they were relying on … what? Santa Claus?
