Diamond Smuggler In Sri Lanka Swallows Precious Stone: It’s Not Just Drug Mules Who Try To Eat The Evidence
X-rays indicated that the diamond is trapped in his gullet and might be very difficult to extricate.
Trouble In Red Paradise: North Korea And Chinese Company Openly Quarrel
A small spat between a North Korean and a Chinese company has exposed some frays in Pyongyang's relationship with Beijing.
Mitt Romney Tax Returns Hacked? Alleged Ransom Asks For $1 Million In Bitcoins
A team of hackers claims to have stolen Mitt Romney's tax returns from PricewaterhouseCoopers' offices in Franklin, Tenn., and is threatening to release them to the public on Sept. 28 unless a $1,000,000 ransom is paid in Bitcoins, the online currency that is difficult to trace and identify. Mitt Romney Tax Returns Hacked? Alleged Ransom Asks For $1 Million In Bitcoins
Newly Elected Parti Quebecois Wants To Raise Mining Fees, Scaring Businesses
After seizing minority control of Quebec's legislature and premiership on Tuesday, the separatist Parti Quebecois is seeking to increase mining royalties and individual taxes, which could impact companies like Cliffs Natural Resources (NYSE: CLF), Rio Tinto Group (NYSE: RIO) and Xstrata Plc (London: XTA).
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Latin America's Five Most Competitive Countries (And One Slacker)
Chile retained its top spot among Latin American economies as the most economically competitive nation, while its neighbor to the east continued falling, according to a report from the World Economic Forum, which hosts the annual economic summit in Davos, Switzerland.
Saudi Arabia May Run Out Of Oil By 2030: Citigroup
A new report from Citigroup says that Saudi Arabia, the world's eighth-largest exporter of oil, could become an oil importer by 2030.
Capcom Unveils New Strategy In Attempt To Raise Profits
Capcom, who has been facing tumbling revenue over the past few quarters, has come up with a plan to turn things around. These plans include smaller development teams and shorter development schedules.
Nokia Debuts 2 Windows-based Lumias But Shares Plunge 13%
Despite taking the wraps off its anticipated Lumia smartphones using the new Windows 8 from Microsoft (Nasdaq: MSFT), the world's biggest software company, Nokia’s shares plunged 11 percent after CEO Stephen Elop claimed, “We need to succeed with this and take it to the next step.”
Parti Quebecois Victory Marred By Shooting In Montreal
As Quebec's newly elected premier and leader of the Parti Quebecois Pauline Marois delivered a victory speech to supporters in a concert hall in Montreal Tuesday, a gunman in a ski-mask and bathrobe entered the building and discharged his assault rifle, killing one man and injuring another.
Tiny UAE Is No. 3 Most Important Aircraft Market: Airbus
The UAE is expected to spend an average of $11 billion a year through 2031 on an estimated 882 commercial aircraft, according to a report by Airbus on the global market for aircraft.
American Airlines Pilot Contracts Can Be Abandoned, Judge Says
AMR Corporation's (PINK: AAMRQ) American Airlines took a major step toward emerging from bankruptcy after a federal judge tossed out its pilots' union contract, ending a dispute with the only union it had failed to reach a deal with on concessions.
Mauritania Hands Over Ex-Spy Chief Senussi To Libya
Senussi fled Libya soon after the uprising that removed Gaddafi from power last year.
Facebook Stock Prices Swing Amid Mark Zuckerberg's Reassuring Vows To Boost Investor Confidence
Facebook's (FB) stock continued to witness swinging fortunes as its prices hit an all-time low of $17.55 Tuesday before closing at $17.72, almost 1.82 percent lower than the previous close. Amidst the fluctuating fortunes, CEO Mark Zuckerberg declared that he would not sell any shares at least for another one year.
Thursday Meeting Preview: ECB's Draghi To Push Paradox Of Monetization On Reluctant Germans
Late Monday, word leaked out that Draghi is now saying the ECB should pursue a policy of monetizing sovereign debt of periphery countries -- that is, printing reams of new euro to buy bonds issued by those governments -- even though such a policy path exceeds the central bank's mandate and has been adamantly opposed by the German political establishment.
Boeing Says China Will Need 5,260 New Airplanes By 2031
China will need 5,260 new commercial airplanes, valued at $670 billion, over the next 20 years, according to Boeing, one of the providers of passenger airplanes for China.
Pre-Market Movers (Pluristem, Facebook, ARM Holdings, BP plc, Netflix, Nokia, Francesca's, Alcatel, Capital One, Lennar)
Pluristem Therapeutics, Facebook Inc, ARM Holdings Plc, Francesca's Holdings Corp, BP Plc, Nokia Corp, Alcatel Lucent SA, Capital One Financial Corp, Netflix and Lennar Corp. are among the companies whose shares are moving in pre-market trading Wednesday.
Global Manufacturing Weakens Further In August, More Easing Probably Won’t Spur Growth
Manufacturing downturns spared no one in August, surveys of purchasing executives showed, in the latest sign of weakness in the global economy. While the batch of gloomy data has boosted hopes for further central bank actions, some economists remain skeptical that there would be any significant effects.
Samsung Dominates Western European Phone Market In Q2, Apple Impacted By iPhone 5 Rumors: IDC
On the heels of a positive first quarter, the Western European mobile phone market failed to maintain a positive trend, due to a weaker economic environment and the new product launches expected in the third quarter, said a new report by market research firm IDC. The total shipments of devices dropped 1.9 percent year on year to 42.1 million units.
Fireworks Factory Blaze Leaves 10 Including Children Dead
A major blaze in a fireworks factory at Sivakasi in Tamil Nadu, India, has reportedly led to 10 people, including children, dead and more than 20 injured on Wednesday, local media reports said.
Apple (AAPL) Awards Recently Promoted Top Executives With $50 Million Stock Grants Ahead Of iPhone 5 Launch
As the countdown for the next-generation iPhone launch, largely viewed as "iPhone 5" knocks down to a week, news of recently promoted Apple (AAPL) executives receiving generous stock grants worth over $50 million is making waves.
US Stock Futures Signal Lower Open On Stimulus Uncertainty
U.S. stock index futures pointed to a lower open Wednesday as investor confidence continued to be weighed down by high degree of uncertainty about policymakers announcing stimulus measures to revive economic growth momentum.
Asian Stocks Decline As US, China Data Disappoint
Asian stock market declined Wednesday as weak economic reports from U.S. and China weighed on the sentiment. Concerns over global economic downturn resurfaced after the Institute for Supply Management (ISM) said that U.S. factory activity contracted for the third straight month in August
India's Service Sector PMI For August Records Fastest Growth In Six Months
India's service sector continued its growth for the tenth consecutive month in August, based on a quick and the fastest pace since February, based on steady growth in new orders, according to the latest HSBC PMI data released Wednesday.
Crude Oil Futures Fall After US, China Data
Crude oil futures declined Wednesday as weak manufacturing reports from the U.S. and China raised concerns of a further global slowdown.
European Markets Range-Bound Ahead Of ECB Meeting
European markets remained in a tight range Wednesday as investors continued to be nervous ahead of the meeting in which the European Central Bank is expected to announce policy measures to boost the euro zone economy and revive growth momentum
Apple iPhone 5 Sept. 12 Media Event Officially Confirmed: Will It Excel Samsung Galaxy S3?
Turning long-running speculations into fact, Apple sent out invitations Tuesday, confirming a special media event related to the next iPhone, aka "iPhone 5," in San Francisco on Sept. 12. The event is scheduled to take place at the Yerba Buena Center for the Arts at 10 am PT.
Top After-Market Nasdaq Movers (Wendy's, Santarus, Sarepta, Glu, Facebook, FEI, Education Management, ONYX, Bloomin' Brands, Francesca's Holdings)
The top after-market Nasdaq gainers Tuesday were Wendy's Company, Santarus Inc, Sarepta Therapeutics Inc, Glu Mobile Inc and Facebook.
Fastest Growth in Services PMI in 6 Months
August saw the Indian private sector business growing at its swiftest in six months. The rapid progress was augmented by development in new business since February amid increasing optimism about the future, according to a survey on Wednesday.
Top After-Market NYSE Movers (Guidewire, Cenveo, Six Flags, CONSOL Energy, Pep Boys-Manny, Greenhill, Kindred, Nustar, Giant Interactive)
The top after-market NYSE gainers Tuesday were Guidewire Software, Cenveo Inc, Six Flags Entertainment Corp, CONSOL Energy and Pep Boys-Manny, Moe & Jack. The top after-market NYSE losers were Greenhill & Co, Assured Guaranty Ltd, Kindred Healthcare, Nustar Energy L.P. and Giant Interactive Group Inc.
China’s August Services Activity Declines To One-Year Low: HSBC PMI
China's services activity growth declined in August to the slowest pace in a year after the recovery in July, according to the HSBC Purchasing Managers' Index released Wednesday.
GM Turns to China to Crack India's Tough Car Market
General Motors Co began initial production of its first ever Chinese-designed car for the Indian market this week, a major step for the U.S. automaker as it tries to scale up in a market where foreign companies have struggled.
Asian Stocks Fall On Weak US, China Data
Asian markets fell Wednesday as investors' concerns about the weakening global economy was revived by the declining U.S. manufacturing activity and disappointing China's services activity.
Killer Robert 'Michelle' Kosilek's Sex Change Will Be Paid For By Taxpayers, Federal Judge Rules
Transgender and convicted murderer Robert Kosilek has been granted a sex-change surgery by US District Court Chief Judge Mark Wolf. That's right, tax payers will be funding the soon-to-be transsexual's gender reassignment.
Asian Shares And Euro Fall As Investors Brace For ECB, US Payrolls
Asian shares and the euro eased Wednesday, with investors waiting for a European Central Bank meeting on Thursday and U.S. payrolls on Friday for signs of more action to counter European debt woes and support growth.
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