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Traders work on the floor of the New York Stock Exchange

US futures stay lower after GDP data

Futures on major U.S. stock indices remained lower on Tuesday despite better-than-expected reading on economic activity as a fresh exchange of fire between North Korea and South Korea weighed on the sentiment.
Biosensors

Plasmonic biosensor developed to detect live viruses

Researchers in the United States have developed a new biosensor from plasmonic nanohole arrays to detect dangerous viruses like Ebola and Marburg. The tool could be used in developing nations, airports and other places where natural or man-made outbreaks could erupt.
South Korea fired first: North

South Korea fired first: North

North Korea said that it was South Korea which fired first and they had to fire in retaliation. The South Korean enemy, despite our repeated warnings, committed reckless military provocations of firing artillery shells into our maritime territory near Yeonpyeong island beginning 1pm (1500 AEDT), the AFP quoted a statement from the North's military supreme command.
Traders work on the floor of the New York Stock Exchange

US futures decline as Korean crisis weighs

Futures on major U.S. stock indices point to lower opening on Tuesday after North Korea shelled a South Korean island, triggering worries that the lingering tensions between the countries could worsen.
South Koreans watch news on television

Two South Korean soldiers killed, civilians injured in North's artillery attack

At least two South Korean soldiers have been killed and 14 others are injured in the North's shelling, according to South Korean media reports. The ministry of defense in Seoul is yet to confirm the reports and causalities on the other side remain unknown. Tensions are escalating in the region as fighter jets have been deployed on the South Korean side of the border for retaliatory action.
Mexico's Finance Minister Cordero attends a news conference in Mexico City

Mexico's recovery slows down

Mexico’s economy expanded by 5.3 percent on an annualized basis, significantly below the 7.6 percent growth recorded in the second quarter, the country’s INEGI statistical office INEGI showed on M
Ford

Despite the hype surrounding GM, Ford is the better buy: Analyst

Despite the hugely successful initial public offering General Motors (NYSE: GM) underwent last week, the company still has numerous questions surrounding it, particularly its huge pension liabilities. As such, David Silver, an equity research analyst at Wall Street Strategies in New York, believes that Ford Motor Co. (NYSE: F) is the better auto company and more attractive stock right now.
U.S. Sen. Jon Kyl, R-AZ

OPINION: Forget the missiles, get Obama!

It’s now as plain as the beard on Lincoln’s chin. The Republican Party that Honest Abe helped to found – that is, in its current Limbaughian form -- does not give a hoot about American global security. All it wants to do is remove Barack Obama from the White House, and it does not care if its actions – that is, its inaction – wrecks the painstakingly constructed goodwill between the U.S. and Russia and pushes the entire world back toward the shadow of possible nuclear annihilation.
Daily wage workers wait for employment on a street side at an industrial area in Mumbai

Unemployment the greatest economic challenge: WTO chief

The most serious [economic] challenge today is that of unemployment, said Pascal Lamy, the director-general of the WTO. Lamy urges countries to expand global trade, instead of clamping down on it, to create more jobs for everyone.
Bank of Ireland

Irish banks hammered in early U.S. trading

Despite signs that the government of Ireland will receive a huge bailout package from the European Union (EU) and International Monetary Fund (IMF), Irish banks that trade in the U.S. as ADRs are getting hammered this morning in early trading.

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