BUSINESS

Weekly Roundup: Asian Markets Rally As Fed Announces QE3

A man looks at a stock quotation board outside a brokerage in Tokyo
Most of the Asian markets gained in the week as investor confidence was lifted following the announcement of another round of quantitative easing by the U.S. Federal Reserve which is expected to rejuvenate the economic growth.
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Apple Wins Judgment Vs. Samsung In International Patent Dispute

A judge at the U.S. International Trade Commission found that Apple hadn?t violated any of Samsung?s patent rights for products designed into the iPhone and iPad product lines. Last month, a jury in U.S. District Court in San Jose, Calif., determined Samsung had infringed upon Apple?s patents and awarded the Cupertino, Calif., company $1.05 billion in compensation.
Digital Domain

NFL’s Dan Marino Loses Millions: Why Did Digital Domain Go Bankrupt?

NFL Hall of Famer Dan Marino is one of the major investors who lost millions when the visual-effects company filed for bankruptcy last week. The Oscar-winning company, founded in 1993 by James Cameron, had created effects for such movies as "Titanic," "The Curious Case of Benjamin Button" and the "Trasnformers" franchise.
Argentine Protest

Argentines Protest President Fernandez's Economic Policies Amid Rising Inflation

Many Argentines are protesting against the policies of President Cristina Fernandez de Kirchner over her tight controls on the economy amid rising inflation. Fernandez has said that her policies are aimed at supporting the most vulnerable in society and will benefit the majority of people as a whole, though she has been criticized for pursuing a populist agenda at the expese of the upper and middle classes.
Apple iPhone 5

Apple To Reap Windfall On iPhone 5 As Component Cost Is $167.50, Techs Say

Apple (Nasdaq: AAPL), the world's most valuable technology company, should reap another windfall from selling the iPhone 5 because component costs are only around $167.50, engineers at UBM TechInsights reported. Apple will sell the product for as much as $399 and charge wireless carriers about $450.
Valerie Trierweiler

Kate Middleton Topless Photos: First Lady Of France Shares Her Pain

The First Lady of France, Valerie Trierweiler, won damages against a French magazine that published photos of her wearing a bikini on a beach. Perhaps Kate Middleton -- who has suffered the indignity of having topless photos of herself printed in France -- could take some inspiration from this.
Bezos With Kindle Fires

Amazon Publishing Reveals Sales Numbers In Email

After seeing the unprecedented success of a title like "Fifty Shades of Grey," casual readers and publishing industry analysts alike were led to wonder what the future of digital publishing held for the book industry as Amazon Inc. (Nasdaq: AMZN) continues to edge out traditional publishing houses and retailers alike with its aggressive competitive pricing scheme. In an email sent to literary agents unearthed by GigaOM on Thursday, Amazon Publishing Vice President Jeff Belle revealed some ...
Luxury home in Malibu, California

How Washington Subsidizes Home-Buying For The 1%: Report

Government-owned Fannie Mae and Freddie Mac, which were set up to help blue-collar and middle-class workers buy their own homes at lower interest rates, are also helping the nation's one percent to purchase luxurious homes.

Asian Stocks Rally On Fed Stimulus Action

Asian stock markets rallied to a four-month high Friday after the U.S. Federal Reserve launched another large scale of asset purchase program overnight to stimulate the world's largest economy.
Traders work on the floor of the New York Stock Exchange

Fed QE3 Launch Lifts US Stock Futures

U.S. stock index futures pointed to a higher open Friday as investors kept up a buoyant mood following the announcement of quantitative easing measures by the Federal Reserve, which is expected to boost economic growth.
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Gold At 6-Month High As Fed Fans Inflation Risk

Gold rose to a six-month high on Friday, extending a 2-percent rally from the previous session when the Federal Reserve announced a new round of stimulus measure, which could add to the risk of inflation down the line and enhances gold's appeal.

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