More From IBT Staff Reporter
Retail sales surge in March
Sales at U.S. retailers rose more strongly than expected in March as consumer stepped up purchases of vehicles and wide range of goods, government data showed on Wednesday, suggesting a broadening of the manufacturing-led economic recovery.
Apr 14, 2010
Earnings, retail sales lift Wall Street
BY Chuck MikolajczakWall Street rose on Wednesday and the S&P topped the key 1,200 level, lifted by solid results from Intel and JPMorgan Chase, while retail sales data gave fresh evidence the economic recovery was broadening.
Apr 14, 2010
Popular anticonvulsant drugs raise suicide risks
(Reuters) - Widely used anticonvulsant drugs, including Pfizer's Neurontin and Novartis' Trileptal, may increase the risk of suicide, attempted suicide and violent death in patients taking them for the first time, U.S. researchers said on Tuesday.
Apr 14, 2010
Can gold save Greece from the torrid fiscal mess?
Greek literature boasts three great writers of tragedy: Aeschylus, Sophocles, and Euripides in the olden days. But, now Greek tragedy has nothing to do with literature. It is all about money or rather Euro. In the ancient days, the largest festival for Greek tragedy was the Dionysia held for five days in March or April, for which prominent tragedians usually submitted three tragedies and one satyr play each. In 2010, Greek Tragedy is again performed in March-April with three major players like G...
Apr 14, 2010
JPMorgan investment bank powers profit rise
JPMorgan Chase & Co's first-quarter profit topped Wall Street expectations, as revenue from its investment bank transcended losses on consumer loans.
Apr 14, 2010
Legal threat, ambiguity cloud Greek aid deal
Investor doubts, a German legal threat and persistent confusion over the terms of aid perforated Greece's euro zone parachute Wednesday, pushing borrowing costs up.
Apr 14, 2010
S&P hits 1,200 on upbeat earnings, data
U.S. stocks rose at the open on Wednesday boosted by stronger-than-expected results from JPMorgan Chase and Intel, and after retail sales data provided fresh evidence of an economic recovery.
Apr 14, 2010
Retail sales surge, inflation pressures muted
Sales at U.S. retailers rose more strongly than expected in March, pointing to a broadening of the manufacturing-led economic recovery as inflation pressures remained muted.
Apr 14, 2010
Wall Street set for higher open on earnings, sales data
BY Chuck MikolajczakWall Street was set for a higher open on Wednesday, boosted by solid results from Intel and JP Morgan Chase, while retail sales data provided fresh evidence of an economic recovery.
Apr 14, 2010
Subbing 'bad' carbs for 'bad' fats ups heart risk
NEW YORK (Reuters Health) - People who cut out saturated fatty acids while upping their intake of white bread, pasta and other refined carbohydrates that can cause blood sugar to spike aren't doing their heart any favors, new research from Denmark shows.
Apr 14, 2010
Intel, JP Morgan results lift stock futures
U.S. stock index futures rose on Wednesday, boosted by Intel Corp after the technology bellwether posted better-than-expected quarterly results and forecast revenue above estimates.
Apr 14, 2010
Stock futures rise after Intel, JP Morgan results
U.S. stock index futures rose on Wednesday, boosted by Intel Corp after the technology bellwether posted better-than-expected quarterly results and gave a forecast that topped estimates.
Apr 14, 2010
Treasury seeks to protect federal benefits: report
The Treasury department will release new rules on Wednesday that would prevent banks from seizing a borrower's social security to recover unpaid debt, the Wall Street Journal said.
Apr 14, 2010
What is the best way to take salt?
We all know that too much salt may increase the risk of high blood pressure, hypertension, stroke, heart failure and the list goes on. We maybe eating a healthy balanced diet right now, but chances are these foods may contain too much salt. So, what is the best way to take salt?
Apr 14, 2010
UK's Prudential names Devey to lead Asia integration
Britain's Prudential has appointed Rob Devey, currently head of UK and Europe, to lead the integration of its Asian operations and the Asian arm of rival AIG , after the sector's biggest acquisition.
Apr 14, 2010
Kids with learning problems labelled 'lazy'
Children labelled as lazy by teachers and parents may have numerous learning difficulties that could underlie their apparent lack of motivation, a study by Queensland University of Technology (QUT) educational psychologist Dr Linda Gilmore has found.
Apr 14, 2010
Wall Street-backed Chinese dairy firm collapses
Chinese dairy products maker Taizinai, which counts Goldman Sachs and Morgan Stanley among its investors and Citigroup among its lenders, has collapsed, leaving around 3 billion yuan ($440 million) in unpaid debt, sources familiar with the matter said on Wednesday.
Apr 14, 2010
Chilean journalist awarded World Press Freedom Prize 2010
The Chilean journalist, Mónica González Mujica, a heroine of the struggle against dictatorship in her country, has been named laureate of the 2010 UNESCO/Guillermo Cano World Press Freedom Prize.
Apr 14, 2010
Wall Street futures signal gains on upbeat Intel results
Stocks futures rose on Wednesday, pointing to a higher start for Wall Street after the world's top chipmaker Intel Corp posted better-than-expected first-quarter results and gave an outlook that topped Wall Street forecasts.
Apr 14, 2010
Wall St futures signal gains on upbeat Intel results
Stocks futures rose on Wednesday, pointing to a higher start for Wall Street after the world's top chipmaker Intel Corp posted better-than-expected first-quarter results and gave an outlook that topped Wall Street forecasts.
Apr 14, 2010
EUR/USD yesterday with a little break ???
Good morning dear traders, do you also feel the spring fever at the moment. I think everybody is feeling this way with this weather. But even the financial markets are susceptible to that. At least this seems to
me when I watch the EUR/USD chart. Did the crosspair run out of steam?
Apr 14, 2010
AIG unit raises $2 billion in aircraft sale to Macquarie
The aircraft leasing unit of bailed-out insurer American International Group has agreed to sell 53 passenger jets to Australia's Macquarie Group to raise a much-needed $2 billion in cash.
Apr 14, 2010
Asian stocks in Intel-led rally, MAS lifts FX
Asian stocks rode the rally in the technology sector triggered by bellwether Intel Corp's street-beating earnings and regional currencies rose after Singapore's aggressive monetary tightening triggered speculation it heralded a yuan revaluation.
Apr 14, 2010
Daimler keeps 2010 earnings, dividend outlook
German carmaker Daimler reaffirmed it would earn more than 2.3 billion euros ($3.14 billion) of operating profit this year, with all divisions returning to the black, allowing it to pay a dividend again.
Apr 14, 2010
Volvo fine if Renault sold stake: CEO
Volvo would have no trouble relying solely on its Swedish investors if Renault decided to sell its stake in the company, the automaker's chairman Louis Schweitzer told a Swedish newspaper on Wednesday.
Apr 14, 2010
Intel inspires Asian stocks, MAS boosts fx
The technology sector propelled Asian stocks on Wednesday after bellwether Intel Corp's street-beating earnings while Singapore's aggressive monetary tightening lifted regional currencies on speculation it heralded a yuan revaluation.
Apr 14, 2010
Intel inspires Asian stocks rally, MAS boosts fx
The technology sector propelled Asian stocks on Wednesday after bellwether Intel Corp's street-beating earnings while Singapore's aggressive monetary tightening lifted regional currencies on speculation it heralded a yuan revaluation.
Apr 14, 2010
Tech propels Asian stocks after solid Intel show
Technology companies drove up stocks in Japan, South Korea and Taiwan on Wednesday after bellwether Intel Corp's street-beating earnings while aggressive monetary tightening in Singapore lifted regional currencies on speculation it heralded a yuan revaluation.
Apr 14, 2010
Intel's knock-out Q2 props up tech sector hopes
Intel Corp's sales and margin forecasts trounced Wall Street expectations, reinforcing hopes for an acceleration in the tech sector's recovery and boosting the chip maker's stock 4 percent.
Apr 14, 2010
Morgan Stanley fund may lose $5.4 billion: report
Morgan Stanley has told investors that its $8.8 billion real-estate fund may lose nearly two-thirds of its money due to bad investments, according to The Wall Street Journal, which reviewed fund documents.
Apr 13, 2010
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