WEMU NewsRoom

Gold at record; resource plays boost stocks

(2009-11-23) SINGAPORE (Reuters) - Gold rose more than 1 percent to a record high on Monday as concerns about accelerating inflation and weak economic growth prompted investors to seek relatively safer assets, while supply concerns boosted oil and copper.

U.S. business economists raise 2010 growth outlook (2009-11-23) WASHINGTON (Reuters) - A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed.

Ciena to pay $769 million for some Nortel assets: source (2009-11-23) NEW YORK (Reuters) - Ciena Corp will buy Nortel Networks Corp's optical networking and carrier ethernet business for $769 million after trumping Nokia Siemens Networks in a three-day auction, sources told Reuters on Sunday.

Business economists raise 2010 growth outlook (2009-11-23) WASHINGTON (Reuters) - A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed.

Ciena wins auction for some Nortel assets: sources

(2009-11-22) NEW YORK (Reuters) - Ciena Corp will buy Nortel Networks Corp's optical networking and carrier ethernet business for $769 million after outbidding Nokia Siemens Networks in a three-day auction, sources told Reuters on Sunday.

India may get $1 billion in IT outsourcing contracts: report (2009-11-22) MUMBAI (Reuters) - Leading Indian outsourcers such as Tata Consultancy , Infosys and Wipro stand to gain contracts worth about $1 billion in the next one or two years as U.S. banks emerge from the troubled asset relief program, the Economic Times reported on Monday.

India may get $1 billion IT outsourcing contracts: report (2009-11-22) MUMBAI (Reuters) - Leading Indian outsourcers such as Tata Consultancy , Infosys and Wipro stand to gain contracts worth about $1 billion in the next one or two years as U.S. banks emerge from the troubled asset relief program, the Economic Times reported on Monday.

Japan leans towards buying F-35 fighter jet: media

(2009-11-22) TOKYO (Reuters) - Japan's defense ministry is moving toward selecting Lockheed Martin Corp's F-35 jet as the mainstay of its next-generation fighter force, Kyodo news agency reported on Monday, citing ministry sources.