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Dell Gets Bashed By S&P ‘Bearish’ PC Outlook

Wall Street powerhouse Standard & Poor’s lowered its opinion of Dell (Nasdaq: DELL), the No. 3 PC maker, because it’s becoming “more bearish of the PC industry in general,” the ratings agency said Wednesday. It trimmed its 12-month target price for Dell shares to $14 from $15.

July US CPI Flat - Lower Than Expected; Core Rate Up 0.1%

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Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest since November 2010, giving the Federal Reserve room for further monetary easing to tackle stubbornly high unemployment.
Google says the Google Wallet app is more secure than a credit card.

Hold Onto Your Digital Wallets! Google Mobile Payments Faces New Challenger

Wal-Mart Stores Inc [WMT], Target Corp. [TGT], 7-Eleven Inc., and Sunoco Inc. [SUN] are poised to announce their rival to the Google Wallet payment system, which launched on Android powered phones last year, the Wall Street Journal revealed. When it does launch, MCX will join the multi-billion dollar race to develop mobile phone payment systems, which propose to do away with cash and card transactions.
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John Chambers, CEO of Cisco Systems, speaks during a news conference at at the 2010 International Consumer Electronics Show (CES) in Las Vegas

Cisco’s 4Q Results: Major Tech Bellwether For HP, Oracle

Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, is scheduled to report fourth-quarter results Wednesday that are expected to be much better than last year’s when CEO John Chambers said the company was overmanned and was in the midst of layoffs and retrenchment.
iPhone 5

Apple iPhone 5: Possible Release Date Approaches, Likely Features Leaked But Naming Still Remains A Mystery

While Apple is yet to speak anything related to its upcoming iPhone iteration, unofficially dubbed the "iPhone 5," numerous sources have indeed quenched the thirst of many enthusiastic minds to some extent by providing information about the device, ranging from its design and features to a possible release date. However, one thing still remains a mystery - the name, by which Apple's sixth generation iPhone will finally be called.
A man looks at an electronic board displaying a fall in major market indices around the world outside a brokerage in Tokyo

Asian Stocks Fall As Japan Stimulus Hopes Fade

Most of the Asian markets fell Wednesday as investor confidence was weighed down by the lack of stimulus measures from policymakers to support the global economy and regain the growth momentum.
British Broadcasting Corporation (BBC) Director General Mark Thompson arrives for a meeting at BBC Trust building in central London

New York Times Names New CEO With Strong Broadcast Ties

The New York Times Co. (NYSE: NYT), publisher of the third-largest U.S. newspaper by circulation, named outgoing BBC director-general Mark Thompson its new CEO on Wednesday, bringing in a broadcast journalism veteran as the company expands its video content.
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Mac OS X Mountain Lion 10.8.1 Update: 4 Major Issues We Hope Apple Fixes

Mac OS X Mountain Lion has out for about three weeks now, and millions of downloads later, it looks like Apple is getting ready to release the first major maintenance update for the new platform. Apple seeded OS X 10.8.1 to developers on Friday, but what exactly is Apple planning to fix in 10.8.1? Here are 4 major bugs, errors and issues that Apple definitely needs to fix in the 10.8.1 update.
Demonoid

Demonoid Taken Down By Ukrainian Government; Domains For Sale

Demonoid is one of the most popular torrent sites, but its massive base of subscribers is without service after what originally appeared to be a DDoS attack has turned out to be a move by the Ukrainian government, possibly to appease the U.S. in its campaign against online piracy.
U.S. Services Sector Slumped In April

Luxury, Discount Retailers Post Higher Quarterly Earnings

A mix of luxury brands and discounters reported quarterly earnings that topped expectations, results that underscored a broader report showing U.S. retail sales broke three consecutive months of declining growth in July as consumers regained some semblance of confidence this summer.
Solar Worker

Is The Sun Setting on China's Solar Industry?

Some of the China's largest solar manufacturers are facing huge debt liabilities, and one of them, Suntech Power Holdings [STP.N], is potentially on the hook for hundreds of millions of dollars after it disclosed potential fraud by a partner.
Saks Fifth Avenue

Wealthy Buyers Prop Up Sales At Saks, Michael Kors

Saks Inc. (NYSE: SKS) and Michael Kors Holdings Ltd. (NYSE: KORS) are both benefitting from wealthy consumers, offsetting global economic turmoil and an uncertain U.S. economy, the companies said Tuesday.
General Motors headquarters at the Renaissance Center in Detroit

Auto Bailout To Cost Extra $3.4B

The cost of the 2009 bailout of the U.S. automotive industry by the federal government will cost the country $3.4 billion more than was previously estimated, reports said Tuesday.
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Google Shares Set New Record High Despite Motorola Setbacks

Shares of Google (Nasdaq: GOOG), the No. 1 search engine, set a new record high of $672.23 Tuesday, a day after the Mountain View, Calif., announced it would take a $275 million charge for firing 4,000 employees of its new Motorola division.
Steve Jobs Home Burglarized: $60,000 Stolen, Suspect Kariem McFarlin In Custody

Steve Jobs Home Burglarized: $60,000 Stolen, Suspect Kariem McFarlin In Custody

The home of the late Steve Jobs, Apple's iconic founder and visionary who died last year at the age of 56, was reportedly burglarized on July 17, but police say they now have a suspect in custody. Tom Flattery, deputy district attorney in Santa Clara County, said that 35-year-old Kariem McFarlin of Alameda broke into Jobs' home on Waverly Street in Palo Alto and stole more than $60,000 worth of "computers and personal items."

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