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Samsung Galaxy S3 vs. Samsung Infuse 4G: Tough Battle of Samsung Smartphones

Sun, 27 May 2012 01:58:03 EDT

Specs comparison of Samsung Galaxy S3 and Infuse 4G.

Do Gay Leading Men Still Face Bias In Hollywood?

Sat, 26 May 2012 13:25:59 EDT

"Acting is a business of red flags," said Howard Bragman, a veteran Hollywood publicist.

Nomura linked to another insider trading case: sources

Sat, 26 May 2012 06:35:03 EDT

Japan's securities regulator will seek a fine against a fund management arm of Sumitomo Mitsui Trust Holdings <8309.T> for insider trading for the second time and believes an employee of broker Nomura Holdings <8604.T> was again the source of the leak, two people with direct knowledge of the matter said.

Weekly Fundamentals - Markets Haunted by Greece as EU Lacks Measures to Deal with Its Leave or Stay

Sat, 26 May 2012 06:13:51 EDT

Whether Greece will leave the Eurozone continued to be the main topic of the week and given the lack of the concrete measures decided in the informal EU summit to handle the crisis, financial markets remained under pressure.

Samsung Galaxy S3: Pop-Up Stores to be Launched in London

Sat, 26 May 2012 04:18:37 EDT

With the launch of Samsung's Galaxy S3 in London just days away, the device has created quite a buzz.

Petrol Price Hike: Mamata Banerjee To Take Out Protest March In Kolkata

Sat, 26 May 2012 02:45:16 EDT

West Bengal chief minister and Trinamool Congress (TMC) chief Mamata Banerjee will take out a protest march against the steep petrol price hike with party leaders and supporters in Kolkata on Saturday.

Facebook options debut a wild card for volatility

Fri, 25 May 2012 15:35:03 EDT

Investors can hope the debut of options on Facebook Inc goes more smoothly than the long-awaited debut of the social networking service's stock on May 18.

RIP Cisco Cius (2011-2012): How Apple, iPad Claimed Another Tablet Victim

Fri, 25 May 2012 15:07:30 EDT

The Cisco Cius, we hardly knew ye. Less than a year after the Cius hit shelves on July 31, Cisco announced on Friday (via company blog) that it will discontinue all investments being poured into its tablet designed for business and enterprise professionals. The price may have been the Cius' ultimate killer, but the lack of entertaining features made this tablet all work, and no play.

Facebook Shares Fall In Early Trading

Fri, 25 May 2012 09:22:37 EDT

Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell in early activity Friday, a week after their disastrous debut in their initial public offering.

Analysis: Greeks not alone in bank savings exodus

Fri, 25 May 2012 08:28:02 EDT

Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago.

Analysis- Greeks not alone in bank savings exodus

Fri, 25 May 2012 08:28:02 EDT

Moody's downgrades three big Nordic banks

Fri, 25 May 2012 05:00:04 EDT

Moody's Investor Service downgraded credit ratings of three large Nordic banks on Friday, citing their reliance on market funding, tough competition for retail loans, and their exposure to the spreading euro zone debt crisis.

John Lewis Sales Defy Dismal UK High Street Mood

Fri, 25 May 2012 04:59:57 EDT

John Lewis online performed particularly well as the department store seen another consecutive week of double-digit sales growth.

FTSE on track for best week in a month

Fri, 25 May 2012 04:21:02 EDT

The equities edged up on Friday, with bottom-fishing buyers putting the market on track for its best week in a month, but traders said ongoing concerns about Greece and the euro zone left the door open for a retest of 2012 lows.

Majors Daily Forecast 25 May 2012

Fri, 25 May 2012 03:35:02 EDT

EUR/USD Buy at 1.2519 SL 1.2487 TP 1.2596 USD/JPY Sell at 79.81 SL 80.13 TP 79.09 GBP/USD Buy at 1.5647 SL 1.5615 TP 1.5735 USD/CHF Sell at 0.9605 SL 0.9637 TP 0.9521 today so far +41, total yesterday +163 pips.

Moody's cuts ratings for three Nordic banks

Fri, 25 May 2012 02:14:02 EDT

Moody's cut ratings for DNB , Handelsbanken and Nordea on Friday in an expected move, pointing to vulnerability in terms of the Nordic banks funding and asset quality, as well as modest profitability.

EUR/USD Slows Downtrend, Holding Above 1.25 For Now

Fri, 25 May 2012 00:42:01 EDT

On Thursday Euro/Dollar traded within 115 pip range. The European currency appreciated from 1.2514 to 1.2620 yesterday, not matching the negative money flow sentiment at around -14%, closing the day at 1.2530. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now.

Daily Forex Forecast 05/25/2012

Thu, 24 May 2012 19:23:49 EDT

Whilst troubles in Europe continued to escalate overnight the Australian dollar has decided enough is enough for now and has remained in range-bound consolidation mode. I

South Korea Market Outlook

Thu, 24 May 2012 15:51:16 EDT

South Korean shares rose Thursday as local institutions snapped up stocks on views that local stocks were undervalued that offset lingering concerns over the possible exit of Greece from the EuroZone.

Free UK banking may have to end - BoE Bailey

Thu, 24 May 2012 10:21:02 EDT

Britain may need to call time on free bank accounts as poor transparency on fees could be fuelling the mis-selling of financial products, a top banking regulator said on Thursday.

MasterCard loses card fee challenge, Visa Europe next

Thu, 24 May 2012 08:49:02 EDT

Mastercard lost a challenge to an EU ban on its cross-border card fees in a ruling that puts rival Visa Europe squarely in the sights of the European regulators over its charges.

Euro Falls to 21-Month Low on Greek Worries

Thu, 24 May 2012 08:27:28 EDT

The common currency was punished overnight as sentiment regarding Greece turned from bad to worse.

China's CIC eyes up to $2 billion stake in Alibaba Group: sources

Thu, 24 May 2012 07:21:03 EDT

Sovereign wealth fund China Investment Corp is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo Inc.

Majors Daily Forecast 24 May 2012

Thu, 24 May 2012 03:14:03 EDT

EUR/USD Sell at 1.2595 SL 1.2627 TP 1.2518 USD/JPY Sell at 79.56 SL 79.88 TP 78.84 GBP/USD Sell at 1.5699 SL 1.5731 TP 1.5611 USD/CHF Buy at 0.9535 SL 0.9503 TP 0.9619 today so far +56, total yesterday +178 pips.

BFC and Adidas Launch London 2012 Design Award Collection

Thu, 24 May 2012 03:08:56 EDT

British Fashion Council and Adidas in search of new design talent for launching Adidas "London 2012 Design award collection."

EU Morning Report- Greek exit fears weigh, gold bounces epically

Thu, 24 May 2012 02:56:01 EDT

The euro (EUR) dropped to a 22-month low falling to 1.2545 from 1.2686 against the US dollar on a heightened risk aversion in the markets. Concerns that Greece may face a damaging default and a messy exit from the eurozone weighed on the single currency after talks said that Eurogroup was asked to.

Facebook IPO: Let’s Face It

Wed, 23 May 2012 21:54:12 EDT

Facebook Inc, the California based world's largest social networking site rang the bell on NASDAQ on 18th May, 2012. What started off as a simple algorithm in a dorm in Harvard is now publicly listed at $38 per share to raise $18.4 billion.

BoE's Bailey says free banking may have to end

Wed, 23 May 2012 19:21:03 EDT

Public intervention could increase competition in UK banking and end the "dangerous myth" of free accounts, which may be fuelling product mis-selling, a top Bank of England official said on Thursday.

HP: Is Whitman’s Ax As Big As IBM’s Gerstner’s?

Wed, 23 May 2012 16:37:44 EDT

Margaret Whitman, the new CEO of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, decided to swing her ax Wednesday as the company reported dreadful second-quarter results.

Oracle To Buy Cloud Social Marketing Platform Vitrue

Wed, 23 May 2012 16:02:29 EDT

Oracle Corp. (Nasdaq: ORCL), the No. 1 database company, said it would acquire private cloud media marketer Vitrue for an undisclosed sum a day after German rival SAP (NYSE: SA), Europe's No. 1 software company, offered to acquire e-commerce specialist Ariba Inc. (Nasdaq: ARBA) for $4.3 billion.

Nigeria To Deport Chinese Migrants Engaged In Illegal Trading

Wed, 23 May 2012 14:10:40 EDT

Ifeadi called the Chinese "scavengers" who were taking jobs that should be the exclusive preserve of Nigerian people.

Macy’s Eyes Chinese Market, Partners With China’s VIPStore

Wed, 23 May 2012 12:51:47 EDT

Macy's Inc. (NYSE: M), the owner of its namesake and Bloomingdale's department stores, said Wednesday it will start selling some of the department store chain's private label merchandise directly to consumers in China next spring through a deal with a Chinese online retailer.

Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD

Wed, 23 May 2012 12:17:14 EDT

The dollar is sharply stronger this morning, gaining against all of its major counterparts other than the JPY on a fresh wave of risk aversion. Stocks and commodities are both beginning the day deep in the red on renewed concerns that the ongoing debt crisis in Europe could weigh on the broader global economy.

Insider Trading Risk Surrounds Facebook Stock Debut as Morgan Stanley Hits Back at Subpoena

Wed, 23 May 2012 12:10:07 EDT

The lawsuit and separate subpoena issued to Morgan Stanley over the Facebook IPO could potentially land investors with insider trading allegations

David Cameron's 600,000 Job Creation Claim to Parliament 'Not True'

Wed, 23 May 2012 11:12:58 EDT

Britain's prime minister told David Cameron parliament that 600,000 jobs had been created in the private sector since his coalition government took office in May 2010.

Italian Consumer Confidence Hits 15-Year Low, UK Retail Sales Slump

Wed, 23 May 2012 09:53:45 EDT

European consumers are tightening the purse strings as their confidence in the region's economy continues to fade amid concern that the recession may worsen.

Another Sign Of Motor City Comeback - Ford Upgraded By Moody's

Wed, 23 May 2012 09:23:11 EDT

Ford Motor Company (NYSE: F) shares climbed almost 2 percent in mid-day trading Wednesday, a day after Moody's Investors Service upgraded the Dearborn, Mich.-based automaker's credit rating to investment grade.

Global Stocks Fall On Fears Of Greek Exit From Euro Zone

Wed, 23 May 2012 08:47:05 EDT

Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.

Retail sales slide at fastest pace in 2 years in April

Wed, 23 May 2012 08:21:02 EDT

Retail sales fell at their fastest monthly pace in more than two years in April, after a record drop in fuel sales and a weather-related drop in clothing sales, official data showed on Wednesday.

FTSE stumbles on EU summit doubts

Wed, 23 May 2012 08:14:03 EDT

Top shares fell sharply on Wednesday as expectations faded that a meeting of European leaders would yield concrete measures such as common euro zone bonds to tackle the region's debt crisis, with charts signalling further weakness for stocks.

Barclays mulls Italy branches sale - source

Wed, 23 May 2012 07:21:03 EDT

British bank Barclays has held talks about the potential sale of Italian branches as part of its review of operations not delivering profitable returns, a person familiar with the matter said on Wednesday.

Nationwide takes £103 million loan mis-selling hit

Wed, 23 May 2012 07:00:04 EDT

Nationwide, Britain's biggest customer-owned financial services group, has set aside 103 million pounds ($163 million) to compensate victims of loan insurance mis-selling after claims quadrupled in the second half of its fiscal year.

Nationwide takes 103 million stg loan mis-selling hit

Wed, 23 May 2012 06:49:02 EDT

Midweek Forex Forecast for AUDUSD, EURUSD & USDCAD

Wed, 23 May 2012 05:47:26 EDT

The currency markets are still at the mercy of bad news. The majors sold off in unison during the European session following a Fitch outlook downgrade for Japan, and any headline with “Greece” in it just accelerates the bear cause. AUDUSD tried to perk up in the U.S. Session despite another poor U.S. manufacturing number, but could not hold gains above 99.00, and slid all the way back to 98.

Stock index futures signal losses; Dell eyed

Wed, 23 May 2012 05:42:01 EDT

Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.65 percent, Dow Jones futures down 0.46 percent and Nasdaq 100 futures down 0.49 percent at 5.11 a.m. EDT.

UK retail sales slide at fastest pace in 2 years in April

Wed, 23 May 2012 04:42:02 EDT

British retail sales fell at their fastest monthly pace in more than two years in April, after a record drop in fuel sales and a weather-related drop in

UK Retail Sales Plunge 2.3% in April as Weather Hits Hard

Wed, 23 May 2012 04:40:18 EDT

The retail sales fall wipes out gains made in March and is another sign that the UK is back in recession.

European shop investment lowest since Lehman failed

Wed, 23 May 2012 04:28:03 EDT

Worsening political and economic turmoil in the euro zone has knocked investment in Europe's shopping centres and stores to its lowest level since the collapse of Lehman Brothers investment bank in 2008, data showed.

UPA-II: Congress Dumping Mamata For Mulayam?

Wed, 23 May 2012 04:17:41 EDT

If the scene at Prime Minister Manmohan Singh's dinner party is any indication, the Congress party is ready to dump Trinamool Congress chief and West Bengal chief minister Mamata Banerjee and join hands with Samajwadi Party (SP). Mulayam Singh Yadav attended the dinner party hosted by Manmohan Singh to celebrate UPA-II's completion of three years in power.

Burberry Shares Drop as Investment Set to Hit Profits

Wed, 23 May 2012 04:15:21 EDT

Burberry reported full-year profits of £366m - a 24 percent rise - but said a new investment of around £200m could hit future profitability.