Sterling declines as rate cut expectation intact
Sterling fell against the dollar as the expectation of rate cut remained unchanged even after the release of BOE minutes.
BlackBerry Maker Sets up New R&D Unit in Germany
Research In Motion (RIM), maker of BlackBerry will expand its research and development capabilities by setting up a new facility in Western Europe.
It is biofuel vs women now!
By Geena Paul Increased production of biofuels has been cited as one of the reasons for the global surge in food prices.
Oil vigilantes are resurfacing in the Nymex oil pits
By Gary DorschIn the futures markets, crude oil is up 80% from a year ago, unleaded gasoline up 40% natural gas up 39%, Soybeans are up 83%, corn up 65%, wheat up 95%, sugar up 30%, Gold up 36%, and rough rice is 125% higher from a year ago
Circuit City Advised Blockbuster Can't Finance Bid
Circuit City Stores Inc. has been advised that Blockbuster Inc. cannot complete its bid to acquire the electronics retailer due to the current difficult financing environment.
Microsoft to Lower Yahoo Take-over Bid after Saturday
Microsoft chief said on Wednesday that the firm was ready to abandon its $43.6 billion bid for Yahoo in case both companies fail to agree on a price.
Mac and iPod sales boost Apple profits
US technology giant, Apple, reported a profit gain of 36 percent in consumers cash in on Macintosh computers and iPod players.
China declines the securities trading tax
The State Council of China said on beginning tomorrow, the securities trading tax will decline to 0.1 percent from current 0.3 percent.
Wal-Mart's division Sam's Club Controls Rice Bags Purchases
Sam's Club wholesale store announced it will limit customers to buy up to four bags of rice due to Supply and demand trends the company said.
Amazon 1Q Earnings Beat Expectations
Amazon.com Inc., the world's largest Internet retailer, on Wednesday reported second-quarter profit rose 29 percent, beating analysts' expectations, citing stronger sales in the U.S. and abroad amid co
Number of dead in Darfur could reach 300,000
The five-year conflict in Darfur may have left as many as 300,000 people dead a steep increase from the previous estimate of 200,000 according to U.N. officials.
Spanish foreign minister waits for demands from pirates
The Spanish tuna fishing vessel hijacked over the weekend is still held by Somali pirates and no ransom demand had been made as yet, the Spanish Foreign Minister Miguel Angel Moratinos said on Wednesday.
Mugabe gains additional seat in parliament
Robert Mugabe has won yet another seat in parliament following the first results from the election recount.
Starbucks Sales Fizzle
Starbucks Corp., believing the gloomy market in the U.S. will hamper its sales, reduced its earnings forecast for the second quarter and full year on Wednesday.
Mac, iPhone sales boost Apple 1Q earnings
Apple Inc. on Wednesday reported second-quarter profit rose 36 percent, beating analysts' expectations, while revenue climbed above $7 billion on stronger demand for its Macintosh personal computers and iPhones.
Mining Stocks to hit New Highs
In this article, the third of a three part interview in The Gold Report, Greg McCoach, editor of The Mining Speculator, gives us his top choices for mining equities. Learn why Greg believes we need to do some comparison shopping right now in the junior market and why, although he's bullish on uranium, there are just a few uranium miners he recommends.
China's SSE rebounds to 3278 points
Both of China's two stock markets opened lower on Wednesday morning. Then the stocks rose rapidly after a slight fall.
GlaxoSmithKline PLC 1Q Profit Fall on Generics Competition
GlaxoSmithKline PLC reported its first-quarter profit fell 13.7 percent from a year ago as sales of the group's main drug for diabetes Avandia fell.
White Sugar Drop on Concern of Increasing Global Supplies
White sugar tumbled on Wednesday in London on concern that increasing output in China and Brazil will add to a global surplus.
Dollar rises against Euro after record low
The dollar gained against the euro on Wednesday after a top Luxembourg's finance minister indicated unease with currency volatility a day after the dollar crossed the $1.60 per euro mark for the first time and oil rose to record highs.
PRECIOUS METALS: Gold, Silver Plunges as Dollar Gains
Gold futures fell sharply on Wednesday to its lowest level in almost three weeks as energy costs decline, coming under pressure as the dollar rose against most other major currencies.
Soybeans Rally on Concern of Reduced Supply in Argentina as Strikes Resume
Soybeans gained on Wednesday amid speculation that demand for U.S. supplies will increase as farmers threaten to resume strikes next month in Argentina.
Apple Acquires Chipmaker for $278 Mln
Apple Inc. has agreed to buy P.A. Semi Inc. in Santa Clara, Calif., a microprocessor design company known for its high-end, low-power chips, according to media reports.
Microsoft CEO May Walk Away from Yahoo Merger: Report
Microsoft Chief Executive Officer Steve Ballmer said on Wednesday he is willing to walk away from a merger with Internet portal Yahoo if shareholders don't accept his company's $44.6 billion offer.
Crude Oil Rises as Inventories climbed, gasoline and distillate stocks dropped
Oil futures rose today after the Energy Information Administration reported crude stocks rose more than forecast.
Craigslist Replies to eBay's Stake Dilution Allegations
Craigslist talked back to eBay's claims of stake dilution, saying the online auctioneer's actions were unethical.
This Week in Petroleum - Apr 23
We at EIA love a good debate – particularly on issues of energy and prices. Recently, we’ve been trying to figure out: Has a shift or evolution in market forces led to a ‘decoupling’ of crude oil and natural gas prices in the United
Toyota Takes Global Sales Lead from General Motors
Toyota Motor Corp., which came very close to beating rival General Motors last year for total car sales, took the lead from its American counterpart during the first 3 months of 2008.
Crude prices retreat to $117 as Supplies Rose Last Week
Crude prices retreated below $118 a barrel as traders speculate a report today will show crude supplies rose last week. Prices were also down on profit taking sells.
U.S. Stocks Mixed on Earnings Reports
U.S. stocks took a slow upturn on Wednesday, on better-than-expected profits airplane manufacturer Boeing Co., while technology and industrial companies also raised investors optimism by releasing positive earning results. The Standard & Poor's index took a downturn at midday trading.