Chinese Shares Surge On Spain Aid Deal
Stock markets in China and Hong Kong gained Monday as sentiment was buoyed on news that the euro zone will provide financial assistance to help Spain's troubled banks.
China's Data On Trade In May A Surprise: Not A Bad One But A Good One
Many analysts anticipated China's balance-of-trade figures for May would be OK, but the customs numbers reported Sunday were better than that expectation: Year on year, the country's exports rose 15.3 percent, and its imports rose 12.1 percent.
More Americans On The Road This Summer Brings Dollar Signs To The Gulf Coast
As a weak economic recovery and cheaper gasoline alter the travel plans of Americans from international trips to domestic jaunts, the Gulf Coast could be a big winner.
Asian Markets Likely To Maintain Gains Next Week
Asian stock markets reported their first weekly gains in six weeks amid hopes that major central banks, including the U.S. Federal Reserve, might act to tackle deteriorating global economic conditions.
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Rumored iPhone 5 Features: Apple Building Thinner, Superior Cameras [REPORT]
Little by little, we've been piecing together the puzzle known as the iPhone 5. We already have a pretty good idea of what the iPhone 5 will look like, but we are still largely uncertain what will be inside the phone. According to a research note, Apple will make significant improvements to the entire camera infrastructure in the iPhone 5, all while decreasing the overall thickness of the phone.
Best Buy Founder And Chairman Richard Schulze Resigns
Richard Schulze, the founder and largest shareholder of Best Buy Co. (NYSE: BBY), the biggest U.S. electronics chain store, told the company's board Thursday he is resigning, effectively immediately. A reason for the abrupt departure was not publicly disclosed.
Mexican Guest Workers Claim Wal-Mart Supplier Stole Their Wages
Mexican guest workers filed Wednesday a U.S. Department of Labor complaint against CJ's Seafood, a Wal-Mart Stores supplier, alleging the company didn't pay overtime for long shifts, locked them in and made physical threats for not working fast enough.
Nasdaq Reported Compensating Brokers For Facebook IPO Fiasco
Nasdaq has reached out to at least one brokerage that lost money due to Facebook's botched IPO, saying it will make an announcement Wednesday.
Apple iPhone 5: September Could See A New iPhone Along With iPad Mini, Says Analyst
There has been a lot of talk lately regarding the timeframe for the release of the next generation iPhone, presumably called the iPhone 5, irrespective of what Apple finally decides to name it.
Apple In China: iPad OK?d, China Mobile Takes iPhone
Could Apple (Nasdaq: AAPL), the world's most valuable technology company, be getting a new jolt from the burgeoning China market, its second largest?
Samsung Galaxy S3 US Release Confirmed On 5 Major Carriers Beginning In June; Price Starts At $199 On Contract
Samsung announced Monday that it would launch Galaxy S3 with AT&T, Sprint, T-Mobile, Verizon Wireless and US Cellular starting in June.
US FDA Alerts Consumers About Mexico's Recall Of Reumofan Plus
Mexico's Ministry of Health has issued a warning on Reumofan Plus -- marketed as a so-called natural dietary supplement for pain relief and other serious conditions -- and ordered manufacturer Riger Naturals to recall it.
Warburg Pincus to Buy Majority Stake in Future Capital
Warburg Pincus LLC, a private equity firm based in US, is looking for a $100-$125 million stake in finance firm Future Capital Holdings, sources said to Reuters.
Facebook Jumps 5% After Record Low; Morgan Stanley CEO Denies ?Nefarious Activity?
Shares of Facebook (Nasdaq: FB), the No. 1 social network, jumped 5 percent in late Thursday trading after they set a new low of $26.83.
Greece Struggles To Keep The Lights On As Trade Credit Crunch Bites
A trade credit crunch, driven by trading partners' fears that Greek businesses will soon be refusing to honor their debts in euro, is making it difficult for Greeks to keep their economy running.
May Retail Sales Stronger Than Expected: Reuters
Several top retailers reported stronger-than-expected sales in May Thursday, Reuters is reporting, providing a moderate surprise to Wall Street retail analysts, who had warned May might prove a disappointing month in terms of revenue for many stores.
Indian growth weakest in nine years, rupee slides
India's economic growth slumped to its lowest level in nine years in the first three months of 2012, marking a dramatic slide in the fortunes of a country whose economy was boasting nearly double-digit growth before the global recession.
US Stock Futures Point To Higher Opening Thursday
Futures on major U.S. indices point to a higher opening Thursday, ahead of the ADP National Employment Report and the Bureau of Labor Statistics' (BLS) report on Initial Jobless Claims.
Apple 'iPhone 5': Major Features, Specs, Schematics Released By Repair Site [REPORT]
As Apple prepares for WWDC in San Francisco, new parts and components for a sixth-generation iPhone have surfaced on the Internet, via Apple website 9 to 5 Mac. The images, which show the faceplates and backplates for a new black and white iPhone, appear to be legitimate. This could be the iPhone 5 we've all been waiting for.
Spurned by Saviors, Spanish Bank Turns to ... Spider-Man
Facing what seem to be minute-by-minute rejections of various bailout scenarios, Spanish bank Bankia S.A. -- the country's fourth-largest financial institution, which is currently embroiled in a crisis of insolvency -- is putting its faith in the web-shooting hands of a Marvel Comics superhero, Spider-Man.
Industrial Commodities, Stocks Plunge On Global Slowdown Fears
Industrial commodities and global stocks fell sharply Wednesday as evidence mounted that the global economy's highfliers are dangerously close to stall speed. Yields on 10-year Treasuries tumbled to a record low 1.64 percent.
Worldwide Mobile Payment Transaction Value On Rise, But NFC Unlikely To Become Main Stream Trend Until 2015
The worldwide mobile payment transaction value is going to exceed the $171.5-billion mark in 2012, recording a huge 61.9 percent increase from $105.9 billion in 2011, according to a Gartner report.
Apple?s Antitrust Reply On eBooks: ?We Benefited The Public?
Apple has acknowledged that its iPad made it a major force in ebooks but denied that it?s stifling competition in a formal reply to the Justice Department's antitrust suit.
Morgan Stanley Gets Banking License To Operate In India
Morgan Stanley has received an in-principle approval from the Reserve Bank of India (RBI) for a banking license, a leading business daily reported Wednesday quoting a spokesperson of the bank.
Xbox 720 Release Could Take Consoles To The Next Level: Microsoft Has Big Plans For The Future Of Gaming
The Xbox gaming console has evolved over the years, and Microsoft?s Yusuf Mehdi has revealed that the system is only in its beginning stages.
Francesca Eastwood And Boyfriend Tyler Shields Destroy $100,000 Birkin Bag
Francesca Eastwood, daughter of actor Clint Eastwood, decided that destruction is a beautiful version of freedom. So she and her boyfriend, photographer Tyler Shields, went out, bought a $100,000 Birkin bag and carelessly destroyed it.
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