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BlackBerry CEO would consider handset unit sale, eyes investments NEW YORK: BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive said on Wednesday, as the company looks to expand its corporate reach with investments, acquisitions and partnerships."If I cannot make money on handsets, I will not be in the handset business," John Chen said in an interview, adding that the time frame for such a decision was short. He would not be more specific.Chen, who took the helm of the struggling smartphone company in November, said BlackBerry was also looking to invest in or team up with other companies in regulated industries such as healthcare, and financial and legal services, all of which require highly secure communications.The chief executive said small acquisitions to strengthen BlackBerry's network security offerings were also possible. Copyright Reuters, 2014 ...

PC sales see modest drop amid Windows XP replacements NEW YORK: Global personal computer sales saw a modest dip in the first quarter of 2014, as the pace of decline was eased by replacements of older PCs using Windows XP.Figures released Wednesday by Gartner showed global sales down 1.7 percent year-over-year at 76.6 million units in the first quarter of 2014.A separate survey by IDC showed a 4.4 percent drop to 73.4 million.Analysts said the PC market is still ailing amid a shift to ...
HP pays $108m to settle foreign bribery probes SAN FRANCISCO: Hewlett-Packard will pay $108 million and one of its subsidiaries will plead guilty to bribery charges over its role in a scheme to secure a contract with a Russian government office, the Justice Department said on Wednesday.HP units in Poland and Mexico also resolved criminal charges related to contracts in those two countries, the department said.The Securities and Exchange Commission entered into a related settlement with the computing giant over allegations that its ...
Toyota recalls 6.39 million vehicles worldwide TOKYO: Toyota on Wednesday recalled 6.39 million vehicles globally over a string of problems, dealing another blow to the world's largest automaker whose reputation for quality and safety has been dented in recent years.Despite record sales and bumper profits, Toyota has been fighting to protect its brand after earlier recalls involving millions of vehicles.Last month it reached a deal to pay $1.2 billion to settle US criminal charges that it covered up a sticky pedal ...
India Sun Pharma shares surge 8pc on Ranbaxy purchase MUMBAI: Shares in Sun Pharma surged by up to eight percent Wednesday on its $3.2-billion deal to buy rival generics giant Ranbaxy from Japan's Daiichi Sankyo, as analysts upgraded the Indian company's stock.Sun's purchase of Ranbaxy, which it expects to complete by the end of the year, would create the fifth-biggest drugmaker worldwide by sales and vault the company to number one in the fragmented Indian market.Shares of Mumbai-based Sun closed up nearly seven percent ...
Facebook hits 100mn India users, largest after US NEW DELHI: Facebook has hit more than 100 million users in India, making it only the second country after the United States to achieve the milestone, the social network company has said.The mobile phone market was driving growth in India along with better Internet coverage across the country of 1.2 billion people, said Kevin D'Souza, Facebook India's head of growth and mobile partnerships."Today, we have more than 100 million people who access Facebook actively in ...
Olympus says 6 banks sue for 27.9bn yen compensation over 2011 scandal TOKYO: Olympus Corp said on Wednesday that six trust banks have filed a lawsuit against the medical equipment maker seeking 27.9 billion yen ($273 million) in compensation related to false financial statements on losses from fiscal year 2000 to 2011.The six trust banks include State Street Trust and Banking Co Ltd, Mitsubishi UFJ Trust and Banking Corp and The Nomura Trust and Banking Co Ltd.Olympus became entangled in one of Japan's biggest accounting scandals in ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,417.53 0.01
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln