IBT Staff Reporter

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December consumer prices up 0.5 percent due to gasoline

Sharply higher prices at the pump pushed overall consumer prices up at their fastest pace in a year and a half, though core prices, which strip out volatile food and energy costs, barely budged, a government report released on Friday showed.

Volcker rule tests new systemic risk council

The new council of U.S. regulators will face a major test on Tuesday when it unveils recommendations on how to enforce one of the most recognizable if inscrutable aspects of the six-month-old Wall Street reform law: the Volcker rule.

Tablet shootout: Motorola Xoom vs RIM PlayBook

CES 2011 is over but Motorola Xoom still continues to wow the media, even as reports tumble out that the Xoom can act as a weatherman too but RIM is closing in with its PlayBook which received rave reviews at the event.

India's Gujarat beckons investments worth $462 bln

As many as 7,936 memorandums of understanding (MoUs) were inked at the fifth edition of the two-day Vibrant Gujarat Summit 2011 in the western Indian city of Gandhinagar envisaging a whopping investment of $462 billion for Gujarat and expecting to create employment opportunities for about 5.2 million citizens.

NVIDIA-based GeForce Graphics Card Goes Wireless

European graphics card maker KFA2 (a subsidiary of Galaxy) has released a wireless graphics card that can transmit high-definition video up to 100 feet, eliminating the need for cables from the PC to the screen.

Markets flat as JPMorgan results offset Intel

U.S. stocks were little changed on Friday following a mixed reaction to earnings from JPMorgan and Intel and a modest rise in retail sales, but the S&P remained on track to notch a seventh straight week of gains.

Sanofi says position on Genzyme talks unchanged

French drugmaker Sanofi-Aventis would not confirm a report in daily Le Figaro on Friday saying it hoped to reach a takeover deal that would value U.S. target Genzyme at around $76 per share, or some $20 billion.

Dec consumer prices up 0.5 percent due to gasoline

Sharply higher prices at the pump pushed overall consumer prices up at their fastest pace in a year and a half, though core prices, which strip out volatile food and energy costs, barely budged, a government report released on Friday showed.

US retail sales rose in 2010

Retail sales in the U.S. rose marginally in December as well as for the year 2010, according to a report by the U.S. Commerce Department.

Markets dip after JPMorgan earns, retail sales

U.S. stocks fell on Friday after retail sales rose less than expected and on a mixed reaction to JPMorgan Chase & Co's quarterly earnings, though the S&P was on track to notch a seventh straight week of gains.

Gold slips below $1,370/oz after China move

Gold fell in Europe on Friday after China's central bank raised lenders' reserve requirements by 50 basis points, with softer haven demand for the metal after solid bond sales by Portugal and Spain also weighing on prices.

Gold Price Erases Dollar Gains, Drops 5% vs. Euro

The Euro extended its rally on the currency markets, spiking to a 4-week high vs. the Dollar of $1.3450 before easing back. Thus, Gold priced in Euros dropped almost 5% from Monday's near-record high.

Internet is running out of IP addresses!

Most users believe in the inexhaustible space on the internet but most people who log on to the net would not believe the problem internet is currently facing - running out of IP addresses.

Stock futures fall, JPMorgan profit jumps

U.S. stock index futures were lower on Friday despite strong quarterly results from JPMorgan Chase as the Dow Industrials and S&P 500 looked to close out a seventh week of gains.

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