More than half of Americans use Internet for health
More than half of Americans looked up health information on the Internet last year, U.S. government researchers reported on Tuesday.
Cyberthieves are hiring, using online ads
The people who brought the world malicious software that steals credit card numbers from your personal computer and empties bank ATMs of their cash are hiring, and they're advertising online.
Dollar decline stalls on Volcker comments and subdued Asian stocks
The two day dollar decline against the euro is stalling after the U.S. session. The range-bound trading, which has lasted nearly 7 hours, continues in the Asian session of February 3rd. It is currently trading at EUR/USD 1.3962.
AIG unit staff agrees to $20 million cut in payout
AIG said on Tuesday current and former employees of its Financial Products unit had so far agreed to accept cuts totaling about $20 million in retention payments, short of a $26 million target.
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Daily Forecast - 3/2/2010
The Australian Dollar opens lower today at 0.8840 after a busy 24 hours. In a decision that surprised financial markets, the Reserve Bank of Australia left interest rates on hold yesterday at 3.75 per cent causing the currency to dive one US cent in a matter of minutes.
Pending home sales edge up, vacancies rise
Pending sales of existing U.S. homes edged up as expected in December, while home vacancies rose in the fourth quarter, pointing to a slow and painful recovery for the troubled housing market.
NASA picks 5 firms for commercial spaceflight plan
The U.S. space agency on Tuesday awarded $50 million in grants to five private firms in a first step to implement President Barack Obama's vision of turning over space transportation to the commercial sector.
MetLife earnings narrowly beat street estimates
MetLife Inc's fourth quarter earnings narrowly beat Wall Street expectations on Tuesday, as the credit market recovery helped the biggest U.S. life insurer increase market share and boost revenues.
Wall St climbs for 2nd day on solid earnings, data
Stocks rallied for a second day on Tuesday as better-than-expected earnings and encouraging data calmed investors after the market's recent sell-off.
Ex-NY fund manager Slaine pleads guilty
Former Wall Street hedge fund manager David Slaine pleaded guilty last December to charges of insider trading that reaped profits of $3 million, U.S. prosecutors said on Tuesday.
Wall Street climbs for 2nd day on solid earnings, data
Stocks rallied for a second day on Tuesday as better-than-expected earnings and encouraging data calmed investors after the market's recent sell-off.
Stock rally continues despite Volcker testimony; manufacturers lead
The stock market continued its rally to close for a gain on Tuesday despite a fall in banking sector shares ahead of testimony from White House advisor Paul Volcker.
SEC fraud case against Madoff associates dismissed
A federal court dismissed fraud claims brought by the Securities and Exchange Commission against three Cohmad Securities Corp executives accused of helping Bernard Madoff conduct a $65 billion Ponzi scheme.
Earnings, home sales lift Wall Street; industrials lead
Stocks gained on Tuesday, helped by encouraging earnings, and as a rise in pending home sales helped calm fears of weakness in the housing market.
SEC mistakenly received Galleon wiretaps: briefs
U.S. prosecutors apparently made the mistake of giving wiretap recordings gathered against Galleon hedge fund insider trading defendants to securities regulators, legal briefs said, potentially compounding a fight over confidential evidence central to the case.
Court dismisses Madoff associate fraud claims
A court has dismissed a regulator's claims that Cohmad Securities Corp and three of its top executives helped the now imprisoned swindler Bernard Madoff conduct a $65 billion Ponzi scheme.
Online gamers set for consolidation wave in 2010
Consolidation among online gaming firms is set to spark into life in 2010 with a possible deal between PartyGaming and Austria's bwin seen as the potential catalyst for a wave of takeover activity.
Strong earnings lift stocks, Volcker eyed
U.S. stocks rose on Tuesday after encouraging earnings reports from economic bellwether United Parcel Service and industrial conglomerate Emerson Electric.
AIG names ex-Lehman lawyer as general counsel
American International Group Inc , which was bailed out with a $182.3 billion U.S. aid package, named a former top Lehman Brothers Holdings Inc lawyer as general counsel on Tuesday.
Geithner appeals for bipartisan attack on deficits
The Obama administration is prepared to impose fees on financial firms for as long as necessary to ensure that every cent spent on bailing out banks is repaid, Treasury Secretary Timothy Geithner said on Tuesday.
Home buyers' negotiating power gains: Zillow
Home buyers in much of the United States paid thousands of dollars below asking prices in December and for the first time in 11 months gained negotiating power, real estate website Zillow.com said on Tuesday.
Volcker to urge curbs on big banks' risky trading
White House economic adviser Paul Volcker, whose star is rising in the Obama administration, will urge Congress on Tuesday to rein in risky investing by big banks, according to testimony obtained by Reuters.
Volcker to urge curbing risky trading by big banks
White House economics adviser Paul Volcker will urge Congress on Tuesday to rein in risky investing by big banks to help prevent them becoming too big to fail, according to testimony obtained by Reuters.
Geithner: Banks must pay fully for bailout
The Obama administration is prepared to impose fees on financial firms for as long as necessary to ensure that every cent spent on bailing out banks is repaid, U.S. Treasury Secretary Timothy Geithner said on Tuesday.
Wall St climbs on earnings and home sales
U.S. stocks rose on Tuesday after encouraging earnings reports from United Parcel Service and D.R. Horton and as a rise in pending home sales helped calm fears of weakness in the housing market.
Stock market rises on manufacturer earnings
U.S. stocks rose on Monday in mid-day trading after manufacturers reported better than expected earnings this morning.
U.S. senator presses tech firms on practices in China
A top Democratic senator said on Tuesday he has asked 30 U.S. companies, including Apple, Facebook and Skype, for information on their human rights practices in China in the aftermath of Google's decision to no longer cooperate with Chinese Internet censorship efforts.
Pending home sales rise 1.0 percent in December
Pending sales of previously owned homes edged up as expected in December, a survey showed on Tuesday, which should help to calm fears of renewed weakness in the troubled housing sector.
Dow Chemical profit beats, but U.S., Europe weak
Dow Chemical Co posted a higher-than-expected fourth-quarter profit on Tuesday, but said demand in the United States and Europe remained slack, sending its shares down more than 2 percent.
Seven in Galleon case plead not guilty
Former stock trader Zvi Goffer, dubbed Octopussy in the sprawling Galleon hedge fund insider trading case, pleaded not guilty on Tuesday along with six others to securities fraud charges.
Stocks advance on industrials, JPMorgan
Stocks rose to session highs on Tuesday as investors scooped up shares of big manufacturers, energy companies and major banks, including JPMorgan Chase .
Oil rises above $75 on China, U.S. economy prospects
Oil rose above $75, gaining for the second day on Tuesday, on prospects that demand will increase due to strong economic data from China and the United States, the world's top two energy consumers.
BNY Mellon to buy PNC unit for $2.3 billion
Bank of New York Mellon said on Tuesday that it would buy an investment servicing unit from PNC Financial Services Group for $2.31 billion.
Geithner says need bipartisan attack on deficits
Treasury Secretary Timothy Geithner appealed to Republicans on Tuesday to join a bipartisan bid to wrestle down soaring deficits that he blamed largely on the former Bush administration.
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