World stocks higher on China recovery optimism

BANGKOK (AP) — World stock markets rose Monday on optimism that China's economic recovery is firmly taking root.Many analysts expect China's fourth quarter and 2012 growth figures due Friday to show the world's No. 2 economy continuing to bounce back from its worst slump since the 2008 financial crisis.Sentiment improved last week after Japan announced a $224 billion stimulus package to boost its...

Read More..

UPS to withdraw TNT Express bid after EC veto

AMSTERDAM (Reuters) - United Parcel Service Inc (UPS) said it will withdraw its 5.2 billion euro ($7 billion) bid for TNT Express because it expects the European Commission (EC) to block the deal. UPS, the world's No. 1 package delivery company, was seeking to buy Dutch peer and European market leader TNT Express to gain access to its network in the fast-growing Asian and Latin American markets. The...

Read More..

Samsung sells 100 million Galaxy S smartphones

SEOUL, South Korea (AP) — Samsung Electronics Co. said Monday that global sales of its Galaxy S smartphones surpassed 100 million units since the first model in the series was released less than three years ago.Samsung said it has sold more than 25 million Galaxy S smartphones, 40 million Galaxy S II smartphones and 41 million Galaxy S III smartphones.Samsung launched the first Galaxy S model at...

Read More..