Wall Street gains on renewed earnings optimism
Wall Street resumed its rally on Monday, led by natural resources and tech shares as investors saw stocks regaining momentum lost late last week.
Natural resources, tech shares lift Wall Street
Wall Street rose on Monday, led by natural resource companies on bets on global growth and a share-buyback plan by Intel that lifted the large-cap technology sector.
Sarkozy wants tax to discourage speculation in currency/commodity markets
In a speech to about 300 reporters in Paris today, Sakozy said the G20’s aim is to reduce volatility in the commodities and currencies markets by broadening the role of the International Monetary Fund (IMF) and to smooth out the current imbalance of power in global economic governance.
Bank lobby group IIF slams capital top-up plans
Plans to saddle large banks with extra safeguards would make the financial system more unstable and could increase the number of too big to fail institutions, a leading bank lobby group warned on Monday.
Corrected: Goldman profit slides as bond trading wilts
(Deletes paragraph 13 of Jan. 19 story to reflect that Thomson Reuters I/B/E/S changed comparable EPS to $3.79 from $4.11. Error first appeared in UPDATE 5.)
Luxury watchmakers fishing for friends on Facebook
ZURICH (Reuters Life!) - Luxury watchmakers are increasingly turning to online social network sites and forums to promote their products and satisfy a growing appetite for information about luxury timepieces, particularly in China.
Electronic giving increasing for church collections
ARLINGTON, Virginia (Reuters Life!) - Brie Hall felt awkward the first few times she passed the collection basket at her Catholic church without tossing in a donation envelope.
Halliburton tops profit forecast on U.S. oil surge
Oilfield service company Halliburton Co posted higher-than-expected profits, boosted by oil projects in North America, and forecast steady growth elsewhere, but said pricing competition could be tough.
Research firm sees Twitter's ad revenue tripling
Twitter is set to triple its advertising revenue this year and could generate $250 million in ad revenue in 2012, according to an industry research firm's projection.
McDonald's December sales disappoint; shares down
McDonald's Corp reported weaker-than-expected December sales at established European and U.S. restaurants as poor weather hurt demand, and said its food costs would rise in 2011.
Survey: Social networking leads to sex faster
Nearly four out of five women and three of five men say they believe texting, Facebook and other social media tools for staying connected cause new couples to jump into bed faster, a survey released on Monday found.
Intel boosts buyback funds as shares underperform
Intel Corp authorized another $10 billion to buy back its shares, which have been under pressure in recent months from concerns that the giant chipmaker is falling behind in the exploding mobile market.
HP to phase out Neoview data warehousing product: sources
Hewlett-Packard Co has decided to stop selling its Neoview data warehousing platform, after it failed to attract enough customers, according to two sources familiar with the matter.
'Terrorist' blast rocks Moscow, airports on high alert
A bombing at Russia's largest airport in Moscow on Monday has killed more than 30 people and injured numerous others, according to reports.
Intel raises dividend, expands stock buyback
Intel Corp raised its dividend by 15 percent and authorized another $10 billion in its share buyback program after posting solid results earlier this month.
Corrected: Morgan Stanley results beat; Smith Barney pays off
(Corrects Jan 20th story throughout to reflect that Thomson Reuters I/B/E/S changed forecast EPS figure to 37 cents a share from 35 cents, and adjusted actual EPS figure to 43 cents from 26 cents. The bank therefore beat expectations for profits, rather than missing them. The error first appeared in UPDATE 4)
Nations meet, children's lives in the balance
Millions of children worldwide die every year from preventable diseases and the bad situation is only going to worsen due to an increasing shortage of healthcare workers.
U.S. stocks continue to gain
Technology and retail stocks continue to drive market
European online spend to jump 18 percent in 2011: study
Online retail sales in Europe are set to rise 18 percent to more than 200 billion euros ($271 billion) this year, outpacing growth at traditional shops as well as internet sales in the United States.
Judge temporarily delays loan document shredding
A U.S. bankruptcy judge temporarily blocked bankrupt subprime lender Mortgage Lenders Network USA from destroying 18,000 boxes of original loan files after federal prosecutors said documents in them may be needed as evidence in more than 50 criminal investigations.
Bolton Wanderers Vs Chelsea Live Coverage
On Monday's lone Premier League encounter, Chelsea will travel to the Reebok Stadium to face Bolton Wanderers.
Luxottica sees solid 2011 after record year
Luxottica , the world's biggest premium eyewear group, expects a solid 2011 after stronger demand for luxury brands, especially in the United States and Asia, boosted 2010 sales to record levels.
Halliburton profit rises, tops Wall St view
Halliburton Co , the world's second-largest oilfield services company, posted a higher-than-expected quarterly profit on strong demand in its North American market.
Jack LaLanne, fitness advocate and entrepreneur, dies at 96
Jack LaLanne, the longtime fitness and nutrition advocate, and entrepreneur known as the Godfather of Fitness, died on Sunday at 96.
McDonald’s U.K. Gets Contactless Payments
Near field communications (NFC) chips will be implemented in Visa credit and debit cards and used for touch and go technology at McDonald's in the U.K.
Betelgeuse Supernova Could Rival Moon, Give Scientists Inside Look
One of the brightest stars in the sky could get as bright as a full moon and offer scientists an inside look at how supernovae work.
Wall Street rallies as techs and materials shine
Stocks rose on Monday, lifted by natural resource shares on bets on global growth and a share-buyback plan by Intel that added to the allure of the large-cap technology sector.
Halliburton tops forecast on North American sales
Oilfield service company Halliburton Co posted higher-than-expected profits, boosted by oil projects in North America, and forecast steady growth elsewhere even if pricing competition is tough.
Mozilla's 'Do Not Track' Method One Of Many
Mozilla, Microsoft are two major browser providers with 'Do Not Track' features. Independent developers and small companies also have possible anti-data mining solutions.
Software, biotech companies still getting most venture cap money
Software and biotech startups once again got the msot money from U.S. venture capital funds in 2010.