Consumer Cyclicals

Ikea said Monday there was no horsemeat in its popular meatballs sold in the United States, after the Swedish furniture giant withdrew possibly horsemeat-tainted meatballs from stores in Europe.

The BBC said Monday that its World Service shortwave radio broadcasts in English are being jammed in China in a deliberate move by the authorities there to cause "maximum disruption".

Dutch manufacturing giant Philips said Monday it intends to drop the word "Electronics" from its name as it shifts away from consumer-based entertainment towards health, well-being and lighting products.

Swedish furniture giant Ikea has withdrawn its company-branded meatballs from sale in Sweden after horsemeat was found in the product by Czech authorities, the company said Monday.

Mozilla Foundation announced it will launch in mid 2013 its widely anticipated Firefox operating system for smartphones in a direct challenge to the duopoly of Apple's iOS and Google's Android.

British publisher Pearson, owner of the Financial Times newspaper, said on Monday that its annual net profits slumped 66 percent in 2012 as its print business came under pressure from fast-growing digital media.

LG Electronics on Monday set a global sales target of 40 million smartphones for 2013, as the South Korean firm seeks to expand its presence in a market dominated by bigger rivals such as Samsung.

Mozilla Foundation announced Sunday it will launch in mid 2013 its widely anticipated Firefox operating system for smartphones in a direct challenge to the duopoly of Apple's iOS and Google's Android.

Big-spending Russian tourists are flocking to Spain's beaches and famous landmarks in ever greater numbers, providing a much-needed boost to the recession-hit country's key tourism industry.

Struggling Japanese electronics maker Sharp plans to suspend tie-up negotiations with Taiwan's Hon Hai and search for new capital partners, local media reported on Saturday.

Facebook allowed users on Friday to make free calls to friends at the leading social network using its application tailored for iPhones or iPads.

Volkswagen, Europe's biggest carmaker, said Friday that its net profit zoomed ahead by more the 40 percent last year on higher vehicle sales, but its chief executive nevertheless saw his salary cut.

The Washington Post Co. said Friday that circulation and advertising had weakened further at its flagship daily newspaper, as the company reported a quarterly loss linked to a write-down.

Italian fashion house Etro was well prepared for the snow blanketing Milan on Friday, unveiling a collection which gave a twist to skiwear, reworking the brand's traditional prints for modernist creations.

China's top media regulator will expand pre-broadcast censorship to cover television documentaries, in an apparent boost to an already formidable control apparatus, a newspaper said on Friday.

Two rare Malayan sun bears have been rescued in Cambodia after being discovered in an abandoned garment factory, a zoo official said Friday.

Franco-Japanese automaker Renault-Nissan will invest $320 million to expand a complex in India, a report said on Friday, as it looks to cash in on demand for low-cost vehicles in emerging markets.

Franco-Japanese automaker Renault-Nissan will invest $320 million to expand a complex in India, a report said Friday, as it looks to cash in on demand for low-cost vehicles in emerging markets.

Japanese gambling tycoon Kazuo Okada announced Thursday he was resigning from the board of casino operator Wynn Resorts, a day before the company's board was expected to oust him.

Italian iconic fashion house Prada transformed 1950s American housewives into would-be Bond girls on Thursday, with a lethally seductive look which gave a powerful twist to the classic hourglass dress.