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US Housing Sector

Are Record-Low Mortgage Rates Hurting The US Housing Market?

U.S. mortgages rates have dropped to record lows for four consecutive weeks, but that doesn't mean more homes will be sold. In fact, at least one housing expert argues that extremely low rates are causing banks to be even more stringent with underwriting approvals, turning away more prospective buyers and hurting the national housing market.
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Luanda Attack

Angola: The Bloody 'Democracy' Of An Oil Republic

As soon as the door opened, 15 men -- armed with pistols, machetes and iron rods -- burst into the house and began beating the young Angolan musicians and activists who were known for protesting against government corruption and the use of violent tactics to suppress political dissent.
Facebook IPO

Facebook Market Makers Losing At Least $100 Million

Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders.
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Stocks Close Up Slightly; Euro Down

Global stocks eked out gains on Thursday while the euro fell as data suggested Europe's debt woes were spreading and worsening a global economic slowdown.
Six days after the company's IPO and two months after it acquired photo-sharing app company Instagram for $1 billion, Facebook debuted a photo app of its own on Thursday, called Facebook Camera. While Facebook Camera is the solution for casual Instagram u

Facebook Camera Review: Like Instagram, But More Relevant

Six days after the company's IPO and two months after it acquired photo-sharing app company Instagram for $1 billion, Facebook debuted a photo app of its own on Thursday, called Facebook Camera. Here, we'll break down Facebook Camera, and evaluate whether or not the new app has added value over Instagram.
Running of the Bulls 2011. Pamplona, Spain

Is Germany Next? Investors Flee Madrid's CDS For Berlin

Investors are increasingly making a flight to quality as they pull out of credit-default swaps hedges on Europe's primary index as well as the markets for periphery nations like Spain, a trend which indicates higher expectations that periphery nations are unable to repay their debts and a lack of confidence in the political will of the economic union.
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Jonathan Ive: Apple's Next Project Is 'Most Important,' 'Best Work We've Done'

Apple's senior VP of industrial design Jonathan Jony Ive, who was also Apple founder Steve Jobs' closest friend and confidant, was asked by The Telegraph what project he would like to be remembered by. Even though Ive is behind some of Apple's most courageous product designs, the design guru actually said Apple's current project could be his finest hour.
Apple CEO Cook visits the iPhone production line at the newly built Foxconn Zhengzhou Technology Park

?Ethical iPhone?? SumofUs Says No

SumOfUs, the Washington, D.C.-based liberal group that pressured Apple (Nasdaq: AAPL), the world's most valuable technology company, about its Chinese contractors, is keeping the pressure on.
American International Group

Judge Tosses Part Of AIG Suit Against Bank Of America

American International Group Inc. (NYSE: AIG) was partially rebuffed in its effort to get $10 billion out of Bank of America Corp. (NYSE: BAC) Wednesday, as a Los Angeles U.S. district judge dismissed some of the New York re-insurer's claims in its securities lawsuit against the giant Charlotte, North Carolina- bank.
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Data Disappoints in Europe, US

In economic news, the euro data was overwhelmingly negative, which interestingly enough did not propel the euro lower.

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