FINELY TUNED: Analysts said the rate cut was substantial enough to show the Fed's determination to revive the sputtering economy, without ignoring inflationary risks
Delivering a finely tuned rate cut and message, the US Federal Reserve appeared to instill fresh confidence that it can tackle a global credit crisis and steer the US economy through its turmoil, analysts said.

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Intel and Microsoft said on Tuesday that they planned to finance two groups of university researchers to start over and design a new generation of computing systems intended to break the industry out of a technological cul-de-sac that threatens to end decades of performance increases in computers.

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Toshiba Corp, Japan's largest chipmaker, cut its full-year profit target by 31 percent because of falling prices for flash memory and costs to withdraw from the HD DVD business.

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The credit crisis that has been haunting the stock market for months was not enough to scare investors away from the initial public offering (IPO) of the world's largest credit card processor.

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COOLING MARKET: Slack demand and a shortage of components for the firm's mid-priced models could drive down profit to below 200 million euros, it said
Sony Ericsson, the world's No. 4 mobile phone maker, warned yesterday that first-quarter earnings and revenue will fall on slower handset sales, higher research costs and a component shortage.

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