Bleak economic outlook drags yen to 4-year lows
Tokyo: Depressed by the gloomy economic outlook in Japan, the yen is near a four-month low on the dollar, but it should find a floor soon unless Japanese investors move large amounts of capital abroad, which is unlikely, say dealers.
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Enron CEO: rock-star CEOs led to scandals
Washington: A rash of corporate scandals that began with last year's collapse of Enron Corp came about in part because chief executives became rock star-like celebrities in the 1990s economic boom.
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Too early to assess impact on regional economies from Bali blast: IMF
New York: It is still too premature to determine the extent to which regional economies will be affected from the fallout of the deadly bomb blasts that hit the Indonesian resort island of Bali, an IMF official said on Tuesday.
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China handset merchants report sluggish CDMA sales
Beijing: China Unicom's CDMA-standard cellular phone network faces an ongoing battle to win subscribers despite a recent spike in customer interest, according to handset vendors in Shenzhen.
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ImClone ex-CEO may plead guilty
New York: ImClone Systems Inc.'s former chief executive Samuel Waksal may plead guilty as early as Tuesday morning to insider-trading charges and throw himself on the mercy of the court, The Wall Street Journal said in its online edition on Tuesday.
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Microsoft overtakes GE as top-valued company
Seatle: Microsoft overtook General Electric as the world's top company by market value earlier this month and has held on to that position for a week, based on Monday's closing stock prices.
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Airbus snares huge easyJet order from Boeing
EasyJet, Europe's largest no-frills airline, said on Monday it planned to buy 120 jets from European planemaker Airbus in a hotly contested multi-billion dollar deal that leaves rival Boeing out in the cold.
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Henkel makes informal 4.5-bn-euro bid for Wella: report
Frankfurt: German consumer chemicals group Henkel, maker of Persil detergent, has made an informal $4.4-billion offer to buy haircare products specialist Wella.
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Yves Saint-Laurent to turn profit in 2004: Gucci chief
Paris: The French fashion house Yves Saint-Laurent will have 47 stores open by the end of this year, 60 by the end of 2003, and will turn a profit in 2004, the head of luxury group Gucci said in an interview on Monday.
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