Gold Prices Fall, Ending Six-Day Rally
The price of gold on the New York Mercantile Exchange fell by more than 2 percent on Thursday, ending six days of consecutive price increases so far this month.
Apple Extends Pre-paid iPhone Push Adding Virgin Mobile
Apple (Nasdaq: AAPL), the world's most valuable technology company, extended its push into the pre-paid mobile market by adding Virgin Mobile USA, which will sell the device for between $30 and $50 a month.
WWDC 2012 Preview: Apple Expected To Update Every Mac; What About iPhone?
We're just four days away from the start of the 2012 Worldwide Developers Conference (WWDC) in San Francisco, which is expected to be one of the biggest Apple events of the year. A new report says that Apple will introduce as many as 14 new Mac models at WWDC, including desktop computers (iMac and Mac Pro) and laptops (MacBook Pro and MacBook Air), among other products.
From Merkozy to Camkel: How David Cameron Humbled Germany?s Merkel
British Prime Minister David Cameron has become the latest leader to challenge, and ultimately humble, the Iron Chancellor.
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Investment Opportunities In The World's Newest Obscure Acronym, CIVETS
In 2009, the Economist Intelligence Unit devised an acronym for six emerging countries, CIVETS, which includes Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. These countries were categorized as the six countries with the best chance of high, long-term growth.
Italian Banks Primed To Blow Up
Italian banks appear close to joining Spanish banks as the euro zone's latest contribution to the financial world's endangered species list.
LinkedIn Shares Rise Despite Security Breach
Shares of LinkedIn Corp. (Nasdaq: LNKD), one of the top professional social network sites, rose as much as 1 percent in early trading despite reports of security breaches of member passwords.
NYC Properties At High Risk of Hurricane Losses
When people think of hurricane damage they usually think of Miami or New Orleans, but a new report suggests the greatest financial risk of all may be much farther north: the greater New York City area.
Samsung Galaxy S3 Sales Could Be Banned In US If Apple Wins Latest Lawsuit Over Violating Siri Patent
At a time when consumers in the United States are eagerly waiting for Samsung to start shipping of its latest flagship smartphone, Galaxy S3, the South Korean conglomerate has confronted a serious hitch that could end up delaying the availability of the device in the country.
Pre-Market Movers (Lincoln National, SINA Corp, Morgan Stanley, Bank of America, Baidu, Nokia, Royal Bank of Scotland)
Among the companies whose shares are moving in pre-market trading Thursday are: Lincoln National Corp, SINA Corp, Las Vegas Sands, Baidu.com, Bank of America, Royal Bank of Scotland, Morgan Stanley and Nokia Corp.
Investors Withdraw $370 Million From India-Focused Funds In May
The outflow from India-focused funds reached an alarming rate in May amid concerns about the sharp fall of the Indian rupee against the dollar and sluggish policy reforms from the government, according to a report.
Win On Sunday, Sell On Monday: The Theory Behind NASCAR's Big Racecar Redesign [PHOTOS]
NASCAR fans are car fans, and the racing league and manufacturers like Toyota that compete in the Spring Cup Series are betting that some design tweaks can energize that fandom as well as dealership sales.
Hong Kong Shares Gain On Easing Hopes, China Down
Hong Kong shares advanced Thursday, following solid gains on Wall Street overnight on hopes that major central banks including the US Federal Reserve might act to tackle deteriorating global economic conditions.
US Stock Futures Point To Slightly Higher Opening Thursday
Futures on major U.S. indices point to a slightly higher opening Thursday ahead of the report on weekly jobless claims and Fed Chairman Ben Bernanke?s congressional testimony.
Asian Markets Rise On US, European Stimulus Hopes
Asian markets rose Thursday amid hopes that the U.S. Fed would announce another round of monetary easing and European policy makers would take concrete measures to tackle the debt crisis looming over the euro zone.
Federal Judge Strikes Down NDAA Detention Powers
The government may not invoke the bitterly debated National Defense Authorization Act to hold people in indefinite military detention on suspicion that they ?substantially supported? terrorism, a federal judge ruled.
Spain Plans High-Stakes Bond Sale
Spain will attempt Thursday to sell as much as 2 billion euros ($2.5 billion) of bonds at interest rates expected to be dangerously high.
Taco Bell?s New Menu Items Still South Of The Border, But High On The ?Gourmet?
Taco Bell?s new, ?upscale? menu items will give the 2 a.m. crowd a bit more ?gourmet? to go with its munchies. The chain restaurant will unleash its new ?Cantina Bell? menu on July 5, featuring new items that include ingredients such as Citrus and Herb Marinated Chicken and Cilantro Rice.
ECB Holds Rates, Euro See-Saws
Resisting crisis pressure, the European Central Bank did as expected and held rates steady at 1.0% overnight.
Aussie GDP Data Lifts Sentiment
Australia released its Q1 GDP data at 1.3%, smashing expectations of 0.5% according to a Reuters poll.
The Great Escape: Suspected Corrupt Bureaucrats (And Their Billions) Flee China in Droves
Thousands of government officials suspected of being corrupt have fled China in the past decade. They've taken billions with them, and have no intention of bringing them back
American Truckers On A Roll As Business Speeds Up
American truckers in the last three months are hauling more freight and spending more time on the road as fuel prices stabilize and more materials are getting transported, industry indexes are showing.
April Chip Sales Soared 3.4% In Biggest Monthly Gain Since 2010
Sales of electronic chips rose 3.4 percent to $24.1 billion in April, the biggest monthly boost in two years, the Semiconductor Industry Association reported. The trade group repeated an earlier forecast for yearly chip sales to reach $301 billion, a slight boost over 2011.
Keep Your Bailout! Why Spain Doesn't Want Help (For Now)
The focus has turned to Spain, where banking debts last week sent Liberbank, Ibercaja and Caja 3, who together hold toxic real estate assets valued at around ?11.8 billion ($14.8 billion), into merger talks.
Panetta Urges Deeper Military Ties Between U.S. And India, As Pakistan And China Watch Warily
We need to deepen our defense and security co-operation, and this is why I have come to India, Panetta said.
U.S. Ranks No. 1 In Generosity, Now Let's Give More
Giving is as good for your own soul as it is for the people you help. If you don?t have the cash, do what 43 percent of American?s do -- volunteer to help a non-profit that helps others.
LinkedIn Passwords Leaked Online: LNKD Stock Shares Dip In Early Trading
Maybe LinkedIn should change its name to LeakedIn. On Wednesday, the business networking site said it is investigating a user's post from a Russian forum that claims he hacked LinkedIn, uploading 6,458,020 encrypted passwords to the site as proof.
Clinton Talks Peace, Democracy, Security And Oil In South Caucasus Tour
Clinton is scheduled to meet with Azerbaijani President Ilham Aliyev and attend an energy forum. Azerbaijan is an increasingly important oil producer and a crucial regional Western ally against Iran.
Facebook Shares Gain From Record Lows
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, rose about 1.3 from their record low Tuesday close on indications Nasdaq may detail a deal to compensate small investors.
Australian Defense Chief Wary Of Chinese Espionage During Trip To Beijing
Such precautions were undertaken because communications devices had been hacked during previous ministerial visits to China.
ECB Leaves Interest Rate Steady
The European Central Bank on Wednesday left its benchmark interest rate steady for the sixth consecutive month, keeping pressure on European politicians to more forcefully address the continent's deteriorating finances.
Pre-Market Movers (Ancestry.com, JPMorgan, Shuffle Master, Facebook, Logitech, Diageo, Mitcham Industries)
Among the companies whose shares are moving in pre-market trading Wednesday are: Ancestry.com, Telefonica, JPMorgan Chase, Shuffle Master, Logitech International, Diageo, Facebook and Mitcham Industries.
The Business Of Bonnaroo 2012: Why Big Firms Are Flocking To Music Festivals
Some of the world's most popular brands are partnering with music festivals to tap into a much-coveted demographic.
Buying Spree: 3 Reasons Why Oracle, Google, IBM Buying Now After Facebook Disaster
Now that the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, has lost 32 percent of its value, technology giants including International Business Machines Corp. (NYSE: IBM), Oracle (Nasdaq: ORCL) and Google (Nasdaq: GOOG) are on a shopping spree. That may chill the IPO pipeline.
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