UNITED STATES

Consumer spending up, inflation accelerates

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U.S. consumer spending rose for an eighth straight month in February, but much of the gain went to cover rising food and energy prices, providing little lift to the economy.

Google working on mobile payment technology: report

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Google is joining Citigroup and Mastercard to set up a mobile payment system that will turn Android phones into a kind of electronic wallet, the Wall Street Journal said, citing people familiar with the matter.
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P&G, Unilever up China prices, fuel inflation fears

Consumer goods giants Procter & Gamble and Unilever will both raise detergent and soap prices in China by up to 15 percent next month, local media reported, underscoring the battle the government faces with inflation.
Traders work on the floor of the New York Stock Exchange

Stocks edge higher after spending data

US stocks opened higher in early trade on Monday, with the S&P 500 Index gaining 2.49 points, or 0.19 percent, to trade at 1,315.76. The Dow Jones Industrial Average is up 18.31 points, or 0.15 percent, to trade at 12,238.90. The Nasdaq Composite Index advanced 0.28 percent.
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Indexes to open flat, with volatility a concern

U.S. stock index futures pointed to a flat open following three days of gains on Monday, though developments in Japan, Libya and the Middle East kept alive the potential for volatile trading.
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Oil slips nearer $115 as Libyan rebels make gains

Oil retreated on Monday with Brent slipping to around $115 after Libyan rebels regained control of key oil towns, and unrest over the weekend was limited to minor crude exporters Syria and Yemen.
A Libyan rebel stands near an anti-aircraft gun at a checkpoint outside the city of Ajdabiyah

Who are the real Libyan opposition?

Libyan rebels have formed a transitional government under the leadership of Mahmoud Jebril, and the new cabinet is slowly taking shape. The interim rebel government, which vies with the official regime for control of the country, has been boosted by the sovereign recognition by France and generous western support. Following is a glimpse into some of the major Libyan opposition outfits that have been fighting Gaddafi overtly or covertly in the last three decades:
Traders work on the floor of the New York Stock Exchange

World Market Overview 28/03/2011

U.S. stocks gained for the third consecutive day on Friday as investors shook off global fears and focused instead on upbeat earnings.
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Warner Bros to rent 5 more movies on Facebook

U.S. film studio Warner Brothers said it would offer five additional movies for rent on social networking website Facebook, a further sign of intensifying competition in renting out movies on the Internet.
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Brazil defends economic policy; IMF stresses basics

Brazil on Sunday defended its unorthodox strategies to cool its economy as the International Monetary Fund cautioned Latin America not to forget its basic tool for fighting inflation: the cost of money.
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Fed's Bullard: may need to trim QE2: report

The Federal Reserve should consider trimming its $600 billion bond purchase program given pretty good U.S. economic data, Federal Reserve Bank of St. Louis President James Bullard said on Saturday.
iPad 2 sells well

iPad 2 continues success overseas

Around 600 people lined up outside a store in London Friday afternoon to get their hands on a new iPad 2 tablet computer from Apple.
Japan`s Deputy Prime Minister Naoto Kan arrives at a lower house plenary session at Parliament in Tokyo

Libya: From Protests to an International Conflict [25 Photos]

Protests in Libya which began on February 15 in Libya have escalated into an international conflict as Libyan leader Muammar Gaddafi's efforts to stay in power have triggered efforts by NATO, Arab nations, and other partners to protect civilians.
Galaxy Tab 10.1 inch

Galaxy Tab 10.1 beats iPad 2 in slimness

Samsung's most recent tablet device is the thinnest tablet in the market. It is 8.6mm (10.9mm previous model) thin which is thinner than its main competitor, the iPad 2 (8.8mm).

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