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Oil hits 1-year high on weak dollar

U.S. crude futures edged up on Tuesday to a one-year high near $80 a barrel on a weak dollar and firm U.S. stock market.

Barnes & Noble e-reader has color, $259 price: report

The new electronic reader from Barnes & Noble Inc, expected to launch on Tuesday, features color, a touchscreen display and the same price tag as Amazon.com Inc's Kindle, the Wall Street Journal reported on Monday.

IBM veteran exec put on leave after insider arrest

IBM placed senior executive Robert Moffat on leave of absence after he was arrested in the largest ever hedge fund insider-trading scheme.

U.S. Video game sales up 1 pct in September: NPD

Sales of video game equipment and software in the United States rose a modest 1 percent in September to 1.28 billion, research group NPD said on Monday, as the industry posted the first month of growth in half a year following price cuts from all the home console makers.

More news

Where and how to get H1N1 vaccine in US?

The US Department of Agriculture (USDA) announced Monday that at least one pig has tested positive for the H1N1 virus.

Software pirates hijack Windows 7 China debut

At shops in Shanghai's bustling Xinyang market, fake Apple iPhones and Bose speakers sit neatly alongside bootleg copies of Microsoft's new Windows 7 operating system, a week before its official launch.

Daily Commentary - 20/10/2009

The Aussie dollar opened Monday a nervous note with local investors unsure if the week ahead could see the beginning of a reversal of the recent strong run higher.

Colombian town cancels concert over Uribe T-shirt

A Colombian mayor canceled a Calle 13 concert on Monday after the lead singer for the Puerto Rican rappers wore a T-shirt appearing to link President Alvaro Uribe to illegal paramilitaries.

Wall St hits 12-month highs; Apple up late

U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly earnings, which continued after the session's close when Apple Inc's shares jumped on its results.

Tech Round Up: Apple's earnings up 46%, Motorola Droid phone coming soon

Apple Inc. reports a 46 percent increase in its fiscal fourth-quarter earnings as the company posts higher revenue than a year ago led by better-than-expected sales of iPhones, Mac computers and iPods

Andy Garcia takes on Saakashvili role

The office of the Georgian president had a new occupant Monday as U.S. actor Andy Garcia took on the role of Mikheil Saakashvili in a film based on last year's war with Russia.

Elvis' hair leaves the building -- sold for $18,300

A pile of hair believed snipped from Elvis Presley when he joined the U.S. Army in 1958 sold for $18,300 on Sunday, according to a Chicago auction house.

Beyonce postpones Malaysia gig amid Islamist ire

U.S. pop star Beyonce has postponed a planned concert in Malaysia after the nation's opposition Islamist party raised concerns about her performance, citing moral issues, concert organizers said.

Wall St hits 12-month highs; Apple up after the bell

Michelle Obama to appear on Jay Leno Show

United States First Lady Michelle Obama is set to appear on The Jay Leno Show on Friday, NBC announced on Monday, according to the Associated Press.

AIG's aircraft leasing unit gets $2 bln from parent

American International Group Inc, the insurer bailed out by the U.S. government, has extended $2 billion in credit to its aircraft leasing arm, allowing the lessor to meet debt obligations due last week, according to a regulatory filing on Monday.

Daily Wrap Up - Oct 19

Apple Beats Wall St; Gold Gaining on U.S. Policy; Housing Preview

U.S. launches aid for state, local housing agencies

The Obama administration on Monday launched a program to help the depressed U.S. housing market by effectively allowing state and local housing finance agencies to borrow from the U.S. Treasury.

Wall St hits 12-month highs on earnings optimism

U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly results.

Iran atom talks off to good start despite tensions

Talks between Iran and world powers on a deal to allay concerns about Tehran's nuclear drive started well on Monday, the U.N. atomic agency chief said, despite Iran's reported refusal to negotiate with France.

US Products Outlook-Gasoline shines as stocks down

Gasoline differentials in markets east of the Rockies are expected to hold unseasonal strong levels this week, after last week's surprise drawdown in inventories, as disciplined refiners hold the line on production, industry sources said on Monday.

Home Sales Ahead: Temporary Decline or New Downward Trend?

Will a decline in home sales in one of the most recent reports be a temporary dip in the U.S. real estate market or possibly a new downward trend with implications for the entire U.S. economy?

Motorola rises ahead of next Android phone launch

Shares in Motorola Inc rose over 8 percent on Monday on investor anticipation that its second phone powered by Google Inc's Android system would be a hit at Verizon Wireless.

Earnings optimism lifts Wall Street

U.S. stocks rallied on Monday, extending a two-week run-up as better-than expected corporate earnings increased investors' optimism.

Cisco-Tandberg impact in spotlight as Polycom reports

Polycom Inc is expected to post strong third-quarter results, but investors will be more keen on gauging the impact of Cisco's planned acquisition of Tandberg on the U.S. videoconferencing company.

Hasbro gets Transformers boost, other brands weak

Hasbro Inc posted revenue that fell short of Wall Street expectations on Monday as weakness in brands like Monopoly and Strawberry Shortcake offset strong sales of boys' toys tied to the G.I. Joe and Transformers movies.

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