ECONOMY & MARKETS

Why lower Saudi oil prices kill alternative energy

The biggest obstacle to alternative energy is money. Saudi Prince Al-Waleed bin Talal seems to understand this. In a CNN interview, he admitted Saudi Arabia wants lower oil prices because it doesn’t “want the West to go and find alternatives.”
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THQ signs new deal with Counter Strike creators

Turtle Rock Studios, most popularly known as the creators of the Counter Strike and Left 4 Dead franchises along with Valve Corporation, has signed a new deal with THQ to create a new multi-player project, a report in THQ’s official website said.
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Swiss Franc: Is It Really A Safe Haven?

The equivocal, baby step rhetoric of the SNB - together with Swiss exporters' reluctance to give up the benefits of a weaker Swiss Franc - suggest that we shouldn't expect Switzerland either to race away from the bottom just yet.
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AT&T Renewal Concerns Present Buying Opportunity for Synchronoss

Wedbush Securities views recent weakness likely due to concerns and confusion over the AT&T (NYSE: T) renewal, as an opportunistic entry point in shares of Synchronoss Technologies, Inc. (NASDAQ: SNCR). The brokerage reiterated its outperform rating on shares of Synchronoss with a price target of $36.

Pre-Market NASDAQ Movers (AATI, RUE, MRVL, LAVA, MICC, GMAN, CNIT, BCSI, OVTI, GLUU)

The top pre-market NASDAQ Stock Market gainers are: Advanced Analogic Technologies, rue21, Marvell Technology Group, Magma Design Automation, and Millicom International Cellular. The top pre-market NASDAQ Stock Market losers are: Gordmans Stores, China Information Technology, Blue Coat Systems, OmniVision Technologies, and Glu Mobile.

RIM to Face 4 Challenges

Jefferies & Co. expects four potential negative events for Research In Motion Ltd. (NASDAQ: RIMM) shareholders in the next 6 to 12 months. The brokerage reiterated its underperform rating on shares of the BlackBerry maker with a price target of $35.
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Do Higher Interest Rates Always Hurt The Gold Price?

The evidence from China, for example, suggests that while higher rates certainly have the potential to dent gold demand, far more important drivers are inflation and growth. China's experience may not be typical, but it's certainly worth examining. China is the world's second biggest gold market after India.

Boeing Annual Investor Day Lifts Confidence: Analyst

Wedbush Securities said Boeing Co. (NYSE: BA) annual investor day yielded little incremental insight, but increased its confidence in the timing and production ramp of the new commercial programs. The brokerage maintained its outperform rating on shares of Boeing with a price target of $91.

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