ECONOMY & MARKETS

International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn (R) and Governor of People's Bank of China Zhou Xiaochuan seen in this file photo.

IMF's Lipsky outlines road map for global economy in 2011

John Lipsky, the first deputy managing director of the International Monetary Fund (IMF), has said 2011 will be a pivotal year for the global economic recovery and for international policy cooperation, adding that it's also a crucial year for the Fund as it will try to address these principal challenges.

Firefox dethrones Microsoft’s IE In Europe

'Faster and safer' Mozilla Firefox 4 against 'beautiful' Internet Explorer 9
Firefox has dethroned Internet Explorer (IE) in December 2010 to become the number one browser in Europe, as Google’s Chrome stole share from the Microsoft browser, a report said.
Traders work on the floor of the New York Stock Exchange

US futures down, ADP report eyed

Futures on major U.S. indices point to a lower opening on Wednesday as investors eye on economic data including ADP national employment report and ISM non-manufacturing index.
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Qualcomm reportedly to acquire Atheros

Qualcomm Inc. (Nasdaq: QCOM) is preparing to acquire semiconductor company Atheros Communications (Nasdaq: ATHR), for about $45 per share, or $3.5 billion, according to a report in the New York Times.

Stocks mixed as commodities sink

Stocks finished mixed, and traders apparently were unimpressed by some good economic data on factory orders and auto sales, while commodities dropped on likely profit-taking.
A farmer inspects a wheat field at a farm

Go long commodities in 2011: Byron Wien

Byron Wien, vice chairman of the Blackstone Advisory Partners, just issued his annual Ten Surprises list for 2011. Three of them were bullish calls for commodities.

BP shares jump on Shell takeover speculation

Shares of BP plc (NYSE: BP) have leapt today partially on a report in the UK newspaper Daily Mail that Royal Dutch Shell (NYSE: RDS.A) may be interested in merging the two global oil giants.
China's LME-linked alumina imports seen down on high prices

Alcoa jumps on analyst upgrade

Shares of aluminum maker Alcoa Inc. (NYSE: AA) have jumped this morning after receiving an upgrade from Deutsche Bank, as well as a strong vote of confidence from television stock maven Jim Cramer.
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Charge Laptop, Phones In Minutes Using New Nanomaterial

Researchers in the United States have developed an entirely new type of nanomaterial - dubbed nanoscoop - that could enable the next generation of high-power lithium (Li)-ion rechargeable batteries for electric automobiles, laptops and cell phones.
Trader Peter Tuchman looks up at a screen on the floor of the New York Stock Exchange

Three reasons to be bearish on the stock market

Recently, investors have been wildly bullish on the U.S. stock market. However, extremely bullish sentiment often precedes a reversal of fortune for the stock market and there are fundamental reasons to be bearish on the stock market.
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AMD Fusion Processors Unveiled

AMD has unveiled a new class of accelerated processor that brings in supercomputer-like performance to every day computing tasks, including superior Internet, video and gaming experiences. AMD's launch comes a day after Intel showcased its Sandy Bridge second generation of Core processors.
Chairman of the Federal Reserve Ben Bernanke delivers opening remarks at a Federal Reserve System symposium in Arlington, Virginia

What IHS predicts for US economy in 2011

The U.S. economy is on course to a self-sustaining recovery in 2011, aided by the private sector’s return to health and a further injection of fiscal stimulus, IHS Global Insight has said.
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US futures point to higher opening

Futures on major U.S. stock indices point to a higher opening on Tuesday with futures on the S&P 500 up 0.26 percent, futures on the Dow Jones Industrial Average up 0.33 percent and Nasdaq100 futures up 0.16 percent.
Apple

Apple's Market Value, Shares Hit Life-Time High

New Year has started well for the iPhone maker Apple Inc. (NASDAQ: AAPL), whose market capitalization has hit the $300-billion mark. Shares of Apple reached an all-time high of $330.26 during 2011's first regular trading session.
GRAPHIC-Did Aussie dollar fall spark commodities sell-off?

Aussie floods pushing up commodity prices

The devastating floods in Queensland Australia has driven up the prices of certain commodities, including coal, wheat and sugar. With warnings that the flood may not recede for weeks, the longer-term impact on commodity prices becomes a great concern.
Traders work on the floor of the New York Stock Exchange

US stocks rally in early trade

US stocks advanced in early trade on Monday, the first trading day of 2011, on speculation that the economic recovery will continue after stocks ended with double digit gains in the previous year.

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