BUSINESS

Wheat prices to double in 2012

US Weather Woes Crimp Wheat Supply In Europe: Analyst Insight

The wheat production downgrade, made after corn and soybean prices reached fresh, all-time highs, is a blow for global wheat suppliers, especially those in Canada and the Black Sea, which includes Russia, Kazakhstan and Ukraine, Barclays PLC said on Monday.
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High Resolution 3D Renderings of Next iPhone Based on Leaked Parts Make Rumors Alive

Apple iPhone 5 Features: Why Future iOS Devices Need The 19-Pin Dock Connector

The dock connector may be the only iPhone 5 feature that we know, for sure, will be different in the next-gen model, allegedly "set for release" between September or October. Almost every major news outlet has reported Apple will slim down its traditional 30-pin dock connector -- the outlet for connecting the iPhone to other accessories, power sources, devices and utilities -- to just 19 pins in its next-gen iPhone, which Apple fans have ceremoniously dubbed "the iPhone 5."
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Chicago Bridge & Iron To Acquire The Shaw Group For $3B

Energy infrastructure company Chicago Bridge & Iron Company NV (NYSE: CBI) will buy The Shaw Group Inc. (NYSE: SHAW), a Baton Rouge, La.-based engineering and construction firm, for about $3 billion in cash and stock, the companies said Monday.
Apple: What Happened To Secrecy? iPhone, iPad Rumors At All-Time High

Apple Rumored To Consider Investing Hundred Of Millions In Twitter To Help It Compete With Google, Facebook And Microsoft

After considering formation of a strategic relationship for over a year now, Apple and Twitter are reportedly back in talks about Apple investing in the short-messaging service, Twitter, to gain a toehold in the social-media world. According to the New York Times, Apple is reportedly considering an investment of hundreds of millions of dollars in Twitter, which would raise Twitter's value to $10 billion -- more than $1.5 billion more than its valuation last year.
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Mac OS X Mountain Lion Release: More Bugs, Issues Reported In First Week Among Apple Users

It's been almost a week since Apple released OS X Mountain Lion, the next-gen operating system for the Mac, and we asked readers to submit any bugs, issues, errors or incompatibilities they've discovered on the platform. Our readers have come through in somewhat alarming numbers. We've sifted through reader submissions and emails to deliver the most common issues reported among Apple users using OS X Mountain Lion on their Macs. At the very end of this story, we have some information ab...
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Oracle Buying Xsigo Systems, Price Not Disclosed

Oracle Corporation (Nasdaq: ORCL) said Monday it will buy Xsigo Systems, a network virtualization technology company, to expand its presence in the cloud computing business. The value of the deal was not disclosed.
iPhone 5

Apple iPhone 5 Release Date Set For Sept 21, Device To Debut Along With iPad Mini On Sept. 12 (REPORT)

Just a day after a Chinese website shocked the tech world by posting purported new photos of the fully assembled Apple's next generation iPhone complete with redesigned dock connector and rear panel, a new report surfaced early Monday saying that Apple is planning to debut the new iPhone at a special event on Wednesday, September 12, 2012, with the release date to follow 9 days later on Friday, Sept. 21.
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Asian Stocks Rise On ECB, Fed Stimulus Hopes

Asian stock markets advanced Monday on renewed hopes that policy makers in U.S. and Europe will announce further stimulus measures to spur economic growth when they hold policy meetings later this week.
Trader reacts at his desk in front of the DAX board at the Frankfurt stock exchange

European Stocks Rise On Stimulus Hopes

Most European markets rose Monday amid expectations that the European Central Bank would announce stimulus measures to rejuvenate the euro zone economy.
A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Japan’s Industrial Production Falls In June

Japan’s industrial output declined in June, which is the third consecutive month showing a fall, indicating that the weakening global demand and the debt burden faced by the euro zone are affecting the country’s economy.
A man looks at an electronic board at a brokerage house in Shanghai

Asian Stocks Gain On Stimulus Expectations

Most of the Asian markets rose Monday as investor confidence was lifted by the hope that the central bank around the globe would announce stimulus measures to regain the economic growth momentum.
Customers shop at Macy's department store in New York

US Retailers Dig Their Own Grave

The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.

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