ECONOMY & MARKETS

iRobot To Unveil World's Smallest Floor Cleaning Robot

iRobot Corp. (NASDAQ: IRBT) is set to unveil its newest and the world's smallest floor cleaning robot - iRobot Scooba 230 - making one of people’s least favorite household chores, cleaning the bathroom, a whole lot easier. Just press the Clean button and the robot does the dirty work.

Top Pre-Market NASDAQ Gainers (XING, IPXL, MGIC, MELI, LLEN)

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The top pre-market NASDAQ stock market gainers are: Qiao Xing Universal Resources, Impax Laboratories, Magic Software Enterprises, Mercadolibre, L & L Energy, ON Semiconductor, Ceragon Networks, ChinaCache International Holdings, Melco Crown Entertainment, and F5 Networks.
Singapore

Singapore economy set record growth in 2010

The economy of Singapore surged by an astounding 14.7 percent in 2010, primarily driven by a surge in manufacturing activity, versus a 1.3 decline in the prior year, making it Asia’s fastest-growing economy.
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Sierra Wireless downgraded at Jefferies

Jefferies & Co. downgraded its rating on shares of Sierra Wireless Inc. (SWIR) to 'hold' from 'buy'. However, the brokerage raised its price target on shares of the Canadian mobile modem maker to $15 from $13.
Spain's King Juan Carlos walks with members of Cepsa during his visit to a Cepsa refinery in Palos de la Frontera

Rising demand should push up crude oil prices in 2011

Many investment banks and commodity analysts have taken a highly bullish stance on crude oil prices for 2011, based largely on economic recovery in the U.S., continued money-printing by the Federal Reserve (thereby, weakening U.S. dollar) and persistent high demand from the emerging markets, particularly China and India.
Facebook CEO Mark Zuckerburg in Esquire's Celebrity Style Hall of Shame

Facebook Narrowing Gap With Google?

Facebook has dethroned Google as the top-visited Web sites in 2010, as well as the most searched term of the year, a report says. Into 2011, it is to be seen whether the search engine giant can regain ground.
U.S. President Barack Obama speaks during his news conference in the Eisenhower Executive Office Building at the White House in Washington December 22, 2010.

US economic outlook 2011

Many economists believe that US economy will continue to grow around 3.5 percent in 2011, led by pickup in consumer and business spending. The extension of Bush-era rate cuts will add moderately to GDP growth, while at the same time as increasing the budget deficit.
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Top Pre-Market NASDAQ Gainers and Losers

The top pre-market NASDAQ stock market gainers are: IMAX, BSQUARE, Corinthian Colleges, and XOMA. The top pre-market NASDAQ stock market losers are: Qiao Xing Universal Resources, Dell, YRC Worldwide, ARM Holdings, and DryShips.
3. Priced too low

Pending home sales rose in November

Pending home sales climbed again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of Realtors (NAR).
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Groupon may go public in late 2011: NY Times

Groupon, the social buying website which recently rejected a $6- billion takeover offer from Google (Nasdaq: GOOG) has attracted the interest of some large institutional investors and is seeking to go public by the end of next year, according to a report in the New York Times.
New Android Trojan Emerges In China

New Android Trojan Emerges In China

California-based start up Lookout Mobile Security said a new Trojan - dubbed Geinimi' - affecting Android devices has recently emerged in China and displayed botnet-like capabilities.

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