Higher open eyed on Greece hopes, commodities
U.S. stocks headed for a higher open on Friday, underpinned by a rise in commodity prices, as the U.S. dollar retreated amid speculation that debt-laden Greece would tap a financial lifeline.
Mexico may cut millions of cellphones to fight crime
Tens of millions of Mexicans could find their cellphones disconnected this weekend if the government goes ahead with a new law meant to fight crime by forcing people to register their identities.
Facebook joins drive to get UK voters to polls
British election officials will for the first time use Facebook to encourage more people to register to vote on May 6 after turnout fell to historic lows in the last two ballots, a watchdog said on Friday.
Australian health expert says mass vaccinations, an overreaction to influenza outbreak
A reevaluation has been called on mass vaccinations against influenza by a leading health expert.
Macarthur Coal delays shareholder vote
Australia's Macarthur Coal postponed a shareholder vote on whether to take over a smaller rival, leaving the door open for major coal producers to bid for Macarthur, the world's top producer of a cleaner coal sought after by steelmakers.
Obesity overtakes smoking as leading cause of preventable disease in Australia
A new study has discovered obesity has overtaken smoking as the leading cause of preventable diseases in Western Australia.
Melbourne doctor investigated for infecting patients with Hepatitis C
Australian health officers said an anesthetist at a Melbourne clinic might have deliberately infected at least 12 women who had abortions there with Hepatitis C.
EADS close to decision on U.S. tanker bid: sources
Airbus parent EADS is close to a decision on bidding for a deal worth up to $50 billion to supply air tankers to the United States backed by a U.S. supplier, sources close to the matter said on Friday.
Futures rise on commodity boost
U.S. stock index futures were higher on Friday, with shares of natural resource companies poised to outperform as the U.S. dollar retreated, sending crude oil and other commodities higher.
Greek output slumps as EU dithers on aid
Greece continued to resist market pressure for it to seek emergency aid from the EU and IMF, as the country's manufacturing base contracted sharply in February despite growing signs of upturn in the global economy.
Trichet says Greece not in need of rescue
Greece is not at the point where it needs a financial bailout and is in no danger of defaulting, European Central Bank president Jean-Claude Trichet said in an interview on Friday.
Major U.S. banks masked risk levels: report
Major U.S. banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said, citing data from the Federal Reserve Bank of New York.
Apple unveils iAd platform; iPad sales look strong
Apple CEO Steve Jobs showed off a new smartphone operating system on Thursday that features an advertising platform to compete with Google's, and revealed stronger-than-expected sales of 450,000 units for the iPad.
KKR, Bain preparing for fresh IPOs: report
U.S. private equity firms Kohlberg Kravis Roberts & Co and Bain Capital are preparing for initial public offerings of Toys R Us and NXP SemiConductors , the Wall Street Journal said, citing people familiar with the deals.
Macarthur Coal spurns new bid as suitors line up
Australian miner Macarthur Coal rejected a $3.5 billion bid from rival New Hope Corp , opting to press on with an earlier plan to take over a smaller coal firm and ally itself with commodity trader Noble Group .
EUR/USD – and now ?
Good morning dear traders,
well, it was not overwhelming with yesterday´s trading day.
China may raise rates soon, revalue yuan by Oct
China might increase interest rates as early as this month, but Beijing will probably not resume yuan appreciation as soon as that, a senior government economist said on Friday.
Tribune gets creditor agreement on bankruptcy exit
U.S. newspaper publisher Tribune Co said on Thursday it has agreed with creditors on a plan that would help it exit bankruptcy protection later this year.
Asia stocks firm near 22-month high; yen falls
Asian stocks edged closer to a 22-month high on Friday, supported by strong U.S. retail sales data, while the yen retreated after rising the previous day on talk that China was close to allowing a modest rise in the yuan.
Special Report: How the U.S. cracked open secret vaults at UBS
ZURICH - After the collapse of Lehman Brothers in September 2008, Switzerland's largest bank was teetering. UBS, which was more than three times bigger than Lehman in terms of assets, had to write down some $50 billion during that tumultuous period.
Fed officials again pledge low rates, slow asset sales
Federal Reserve officials again reiterated their commitment to low interest rates for an extended period on Thursday, given the fragile nature of the economic recovery, and suggested a reduction in the size of the central bank's balance sheet could take as long as two decades.
News Corp's WSJ, NY Post to offer ad discounts: report
News Corp's New York Post and Wall Street Journal are offering discounted advertisement prices, the Financial Times wrote, citing people familiar with the plan.
Airline consolidation no silver bullet: AMR CEO
Consolidation is no silver bullet for what ails the airline industry, but mergers are inevitable and the business would benefit from a smaller number of carriers, the chief executive of American Airlines parent AMR Corp said on Thursday.
Yahoo technology chief to step down
Yahoo Inc's chief technology officer and head of products is stepping down, the company said on Thursday.
Near-death experiences result of carbon dioxide
Near-death experiences like seeing a bright light at the end of a tunnel, feelings of peace and joy may occur because of high carbon dioxide levels in the blood, according to researchers writing BioMed Central's open access journal Critical Care.
Strong earnings foreseen, but may be priced in
Corporate earnings should top forecasts again in the first quarter, but the extent of the stock market's rally means investors are expecting a lot from companies.
Clinic denies man breast cancer screening because he's not a woman
A man whose parents both had breast cancer and who developed the same worrisome symptoms as his dad was denied a mammogram at a local health clinic - because he's a man.
Daily Forecast - 9/4/2010
Yesterdays much anticipated Australian employment report had little impact on the currency with the 19.6k new jobs created during the month of March in line with the markets expectations.
Do glasses weaken your eyes?
Most of us will need glasses at some point in their lives and some of us may wonder whether glasses weaken our eyesight.
Chevron sees refining/marketing profit again in Q1
Chevron Corp said on Thursday its refining and marketing arm would return to profit in the first quarter as refining margins improved, while earnings from oil and gas production would continue to grow.