Business News Headlines

NEW YORK (Reuters) - Jeffrey Gundlach, one of the world's most widely watched credit investors, recommended betting against computer company Apple Inc, retailer Nordstrom Inc and the main U.S. stock index, the Standard & Poor's 500. The Nordstrom stock "looks like death," said Gundlach, who runs $34 billion DoubleLine Capital. …

With investors hungry for Facebook shares ahead of a hotly anticipated offering, the social network Wednesday unveiled a 25 percent increase in the number of shares to be sold at the market debut.

World stocks laid low by a call for new elections in Greece and prolonged agony in the eurozone wavered in nervous trade on Wednesday as fears of a Greek exit from the euro lingered.

South Korea's national pension fund, the world's fourth largest, said Wednesday it hopes to buy more yuan-denominated Chinese stocks to diversify its overseas investment portfolio.

Leading Japanese mobile operator NTT DoCoMo on Wednesday unveiled its first smart phone specially designed for elderly users, as the company bids to tap into an ageing consumer population.

India's rupee hit a record low against the dollar Wednesday and stocks fell nearly two percent as uncertainty over the eurozone debt crisis and weak domestic indicators hit Asia's third-largest economy.

WASHINGTON (Reuters) - On the face of it, Universal Music Group's bid to buy a big chunk of EMI stands to make the world's leading music company an even more formidable force, combining Universal's star lineup of Lady Gaga and Rihanna with the British company's deep library of The Beatles, Pink Floyd and Katy Perry. Certainly …

NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money. Facebook, founded eight years ago by Mark …

Oil prices slid on Wednesday, with New York crude hitting the lowest point for more than five months, as the dollar strengthened on eurozone debt strains, analysts said.

NEW YORK (Reuters) - Workers whose jobs require them to interact with people in foreign countries say that English is the dominant language of business, according to a new poll. More than one quarter of employees in 26 countries around the world told an Ipsos poll that their jobs involve dealing with people in other countries. …

ATHENS/BERLIN (Reuters) - Greeks are voting with their wallets and pulling euros out of the banks in fear that their country may leave the European single currency despite the declared determination of EU powers Germany and France to keep Athens in the monetary union. As financial markets shuddered over the deepening turmoil …

SINGAPORE, May 16 (Reuters) - Asia's fuel oil marketstrengthened further on Tuesday, propped up by firm buying asthe June contract turned prompt month. The June/July and July/August intermonth spreads both closedat a backwardation of $3.75 a tonne, gaining 50 cents from theprevious session, as over 100,000 tonnes and close …