Worldwide spending on information technology is on track to surpass $3.6 trillion in 2012, a 3 percent increase from 2011 spending of $3.5 trillion, instead of a previously forecast 2.5 percent gain, according to research firm Gartner's revised 2012 IT spending outlook.
Asian stock markets ended lower Tuesday as a weak Chinese trade data stoked fears of a growth slowdown in the world?s second largest economy.
U.S. stock index futures point to a lower opening Tuesday, as weak global economic conditions and debt burden in the euro zone continued to drag down the investor sentiment.
Amid the mixed global cues, Indian markets opened on a positive note Tuesday morning.
Most European markets marginally rose Tuesday as investors remained in a watchful mode amid concerns that the economic condition in the euro zone is worsening.
Crude oil futures declined Tuesday as the offshore oil and gas workers strike in Norway ended overnight after the government's intervention.
The top after-market NYSE gainers Monday were Cellcom Israel, Clear Channel Outdoor Holdings, Yingli Green Energy Holding, Sunrise Senior Living and Zale Corp. The top after-market NYSE losers were Advanced Micro Devices, Beazer Homes USA, Douglas Emmett, Quantum Corp and Senior Housing Properties Trust.
China's trade surplus widened to $31.73 billion in June, up 42.9 percent compared to the same month in last year amid slower-than-expected growth in imports, raising concern that the world's second largest economy isn't doing enough to stimulate domestic demand and avert a slowdown.
Most Asian markets fell Tuesday amid investor concerns about the intensifying debt crisis looming over the euro zone and the worsening global economic downturn.
More than $200 million in customer funds appears to be missing from the accounts of futures broker PFGBest, regulators said Monday just hours after the firm's founder attempted suicide outside the company's Iowa headquarters.
Asian shares crawled higher on Tuesday after sharp losses the day before but gains were limited as investors, worried about a global economic deceleration, waited for Chinese trade data due later in the day that could set the tone for risk appetite.
Facebook, which is expected to claim one-seventh of humanity in its grasp next month, is trying to give LinkedIn a run for its money with a proposed entry into the job-recruiting market.
Many small businesses have been paying nearly twice the amount for half the health care benefits that they are entitled to provide their employees. However, under the new health care mandate, health insurance will be more affordable for small companies.
Alcoa (NYSE: AA) posted a second-quarter loss as a slump in aluminum prices to near two-year lows offset, growing demand in the aerospace and automobile markets.
Intel (Nasdaq: INTC), the No. 1 chipmaker, said it would commit as much as $1 billion to acquire a preliminary stake of 10 percent in Dutch semiconductor maker ASML Holding (Nasdaq: ASML).
Airbus and Boeing are ramping up their global supply chain efficiency to meet a huge number of orders.
LinkedIn (NYSE: LNKD), the leading professional social networking site, lost as much as 6 percent of its value Monday on a report that Facebook (Nasdaq: FB), the No. 1 social networking site will start direct competition.
Microsoft has officially announced that it will launch its next operating system, Windows 8, in late October. The release to manufacturing (RTM) edition of Windows 8 will be available in the first week of August, Microsoft CFO Tami Reller said today.
When the Olympic Games began in ancient Greece around 776 BC, London didn't exist. More than two millennia later, the city of nearly 8 million people is ready to host the 2012 Olympic Games.
As investors await second-quarter earnings from leading technology companies, several warning signs indicate that save for special cases, it won?t be a blow-out.
China is finishing a major housing project outside Luanda, paid for with oil, but nobody's buying. To do so, the average Angolan would need to work 160 years.
The European Commission is expected to give Spain an additional year to reach deficit-reduction goals and also to ease its debt reduction targets.
Japan, which is still floundering from last year's earthquake-tsunami, is once again nearing a recession, economists say.
The Wall Street Journal (Nasdaq: NWSA) and AOL Inc.'s (NYSE:AOL) Huffington Post spar over the facts surrounding recent allegations that Apple Inc. (Nasdaq: AAPL) employees have denied sale of iPads to Farsi speakers.
Amy Senser, the wife of former Minnesota Vikings tight end Joe Senser, was sentenced to 41 months in prison Monday in a Hennepin County courtroom for the hit-and-run death of chef Anousone Phanthavong.
President Barack Obama on Monday called for ending the so-called Bush tax cuts for the rich while preserving those cuts for Americans earning below $250,000 a year.
The order war with Airbus heats up as the Farnborough salon heats up, and so far it's Boeing by a landslide with $15 billion worth of orders in one day, all for its new medium-range jet
With the government failing to step in to resolve the dispute -- as it has done three times since 2007 -- Statoil, BP and Eni are preparing to instigate a full closure of output at midnight on Monday, cutting off more than 2 million barrels of oil, natural gas liquids and condensate per day.
The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.
This week?s focus will be the June Federal Open Market Committee minutes, U.S. trade deficit and China's Q2 GDP.
