Kodak breaking up with the Oscars

Eastman Kodak is trying to end its sponsorship of the Hollywood theater that bears its name and hosts the Academy Awards as part of the photography company’s bankruptcy process.
Kodak, which filed for Chapter 11 bankruptcy protection on Jan. 19, filed court documents on Wednesday requesting that it sever its contract with the Kodak Theatre […]

Analysts: New software won’t save Blackberry maker

In the trend-setting North American market, BlackBerry phones have gone from must-have messaging toys to outdated clunkers _all in the space of a few years. The new CEO of Research In Motion Ltd., the company behind the phones, says it can claw its way back to the top with new software, but analysts are deeply […]

Investment pros are diving back in

Even as anxiety-ridden individuals play it safe in low-yielding bank accounts, professional investors are showing renewed confidence in the stock market.
Bullishness among institutional investors has reached its highest level since last summer, and their buying has been powering the stock market’s surprising early-year advance, according to a new analysis by TrimTabs Investment Research. The Dow […]

3rd survivor rescued from stricken cruise ship

A helicopter on Sunday airlifted a third survivor from the capsized hulk of a luxury cruise ship 36 hours after it ran aground off the Italian coast, as prosecutors said they were investigating the captain for manslaughter charges and accused him of abandoning his ship.
Authorities reduced to 17 from 40 the number of people still […]

Code Year draws 200,000 aspiring programmers

"Learn to program" isn’t a typical New Year’s resolution, but it’s one that’s gone viral thanks to a clever campaign by Codecademy, a startup that helps newbies learn the basics of software coding.
The New York-based venture kicked off 2012 by launching Code Year. Sign up for the free project and you’ll receive an interactive […]

Euro-Area Crisis Presents Significant Risk for South Africa, Lagarde Says - Bloomberg

South Africa has become increasingly integrated into the global economy, leaving it exposed to

APEC econ mins vow to offset EU woes with growth

Asia-Pacific finance ministers agreed to push ahead with efforts to boost growth and trade, and to fend off financial crisis through reforms, U.S. Treasury Secretary Timothy Geithner said Thursday.
The government debt crisis in Europe remains the central challenge to global growth, Geithner said ahead of a Pacific rim summit this weekend that encompasses economic giants […]

BP, 2 other companies cited over Gulf oil spill

Federal regulators on Wednesday cited oil company BP PLC and two other companies _ Transocean Ltd. and Halliburton _ for alleged safety and environmental violations stemming from last year’s rig explosion and massive Gulf oil spill.
The companies have 60 days to appeal the citations issued by the Interior Department’s Bureau of Safety and Environmental Enforcement.
The […]

Former eBay executive is named to head H-P

Meg Whitman, eBay’s former chief executive, was named Thursday to lead Hewlett-Packard, the company said.
She replaces Leo Apotheker, the company’s chief executive, after only 11 months on the job. He is also stepping down as a director.
But Apotheker’s strategy, including consideration of spinning off H-P’s personal computer business from other parts of the company, will […]

Iraq reaps $116 million from former Saddam aide

Iraq’s government says it has retrieved $116 million from French bank accounts that were registered to a former official in Saddam Hussein’s regime.
A statement by the Iraqi Integrity Commission says the recovered money includes $106 million from an account with UBAF bank and $10 million in accounts scattered across several other banks in France.
The statement […]