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    Microsoft purchases stake in Facebook

    IT'S A DEAL: The investment ends three months of jockeying between three Internet giants for the right to invest in and forge close ties with the social networking success
    Microsoft has won a high-profile technology industry battle with Google and Yahoo to invest in the social networking upstart Facebook.

    [ FULL STORY ]


    Sony announces operating profit

    Japan's Sony Corp said yesterday that it had swung back to an operating profit in the three months to last month from a loss a year earlier caused by recalls of millions of computer batteries.

    [ FULL STORY ]


    Buffett says US economy will weather storm

    MR MONEY: On a trip to South Korea, the investor spoke highly of the nation's stocks, saying that he was first attracted to them years ago because they were undervalued
    US billionaire investor Warren Buffett said yesterday that problems in the US subprime mortgage market will likely weigh on consumers for up to two years, but that the US economy will weather the storm.

    [ FULL STORY ]


    Google planning to wring more riches from the Internet

    Unfazed by rival Microsoft winning a race to partner with online phenomenon Facebook, Google wooed analysts on Wednesday with plans to wring even more riches from the Internet.

    [ FULL STORY ]


    Bank of America announces job cuts after earnings drop

    Bank of America Corp said on Wednesday it would cut 3,000 jobs, an announcement that came less than a week after the bank reported a huge drop in earnings for the third quarter.

    [ FULL STORY ]


    Wii helps Nintendo to big profit boost

    Nintendo Co said yesterday profits more than doubled in the six months to Sept. 30 on the soaring success of its hit Wii and Nintendo DS game consoles.

    [ FULL STORY ]


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