IBM to unveil tiniest silicon transistor
New York: IBM will announce the smallest ever working silicon transistor to serve as the nerve centre in electronics ranging from televisions to PCs and cars.
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Sony to fund NEC's plasma display unit
Tokyo: Sony said it will fund five billion yen ($40m) in capital spending at a plasma display unit of NEC to secure supplies, but took a more cautious stance toward spending on chipmaking.
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Bush team recast reflects US resolve to lift economy
Washington: A new team of top Bush administration economic officials to replace dismissed Treasury Secretary Paul O'Neill and White House adviser Lawrence Lindsey will be named as early as Monday as more Treasury officials prepare to leave.
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Lufthansa waiting for United Airlines to make next move
Frankfurt: Deutsche Lufthansa said on Monday it was waiting for partner United Airlines to make its next move in its struggle for survival before the German airline decides how to help its US peer.
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US jobless rate a worring sign
Washington: The US unemployment rate unexpectedly soared to 6% in November, revisiting an eight-year high hit in April in a troubling sign for the economy.
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Private funds in China rise
Beijing: Private investment in China jumped a year-on-year 18% in the first 10 months of '02, double the pace of a year earlier, giving the economy a strong push, the official China Daily reported on Monday.
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United Air files for chapter 11
Chicago: United Airlines filed for Chapter 11 bankruptcy on Monday after a weak economy, high costs and low air fares left the world’s No 2 airline with too much debt and not enough cash.
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