Stocks closed out a fourth week of gains in quiet fashion on Friday, edging higher as the market took a breather after rallying 3 percent on Europe's deal to stem its debt crisis.
The Commerce Department on Friday set preliminary anti-dumping duty rates on products from China, Taiwan, Mexico and the United Arab Emirates it said were being sold in the United States at unfairly low prices.
China is the chief suspect in a in a string of hacking incidents of U.S. satellites that took place four or more times in 2007 and 2008.
Oil prices retreated on Friday in choppy trading as uncertainties about Europe's plan to tackle its debt problems prompted some profit taking after the previous session's rally.
Apple sales in China and Japan reached $14.3 billion in 2011, an increase of 174 percent from a year ago. The region accounts for nearly a quarter of revenue.
China Fashion Week is like a fantastical, mystical world unto itself. Straight off the pages of an ancient Chinese fairytale, models walked down the runways in a haute couture mix of tradtional Chinese embroidery, bold neon colors, sharp silhouettes, and temporary tattoos.
Stocks edged lower on Friday as investors paused after a rally that lifted the S&P 500 index almost 20 percent from near bear market levels where it had sunk earlier this month.
Election campaigning began in the Democratic Republic of Congo on Friday and organisers said the polls will go ahead on November 28 despite concerns over whether preparations have been adequate.
Stocks edged lower on Friday as investors paused following a powerful rally that propelled the S&P 500 index almost 20 percent since briefly dipping into bear market territory earlier this month.
By Monday, a mother will give birth to the seven billionth human living on Earth, experts predict.
“[We] will jointly deter any additional provocations by North Korea.”
Stocks edged lower on Friday as investors took a breather from a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August.
From thousands of miles away, Chinese military is believed to have hacked American satellites between 2007 and 2008.
Stocks were set for a lower open on Friday as investors looked to book profits a day after a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August.
The head of Europe's bailout fund sought financial support from China on Friday to help resolve the bloc's debt crisis, saying that while no quick deal was in sight he was still confident Beijing would keep buying bonds issued by his fund.
The head of Europe's 440 billion euro bailout fund played down hopes of a quick deal with China to throw its support behind efforts to resolve the bloc's debt crisis but said he expects Beijing to continue to buy bonds issued by the fund.
China, which has about $3 trillion in reserves, would likely want strong guarantees in exchange for any contributions it makes to save Europe.
European shares extended the previous session's rally Friday, with investors still buoyant over a deal struck by euro zone leaders early Thursday to help end the bloc's two-year-old debt crisis.
German sports car maker Porsche AG
sees its operating profit rising by more than 10 percent this year after demand for luxury cars in China boosted earnings in the first nine months.The top after market NYSE gainers on Thursday were: Advanced Micro Devices, E-Commerce China Dangdang, Cliffs Natural Resources, Cemex, Agilent Technologies, Bankrate, Quantum Corp, Renren, GAIN Capital Holdings and Box Ships Inc.
Google Inc. and Samsung unveiled the Galaxy Nexus phone running on Ice Cream Sandwich, the newest version of Android, at an event in Hong Kong on Oct. 18. The Galaxy Nexus, which will hit the stores in November, is expected to give stiff competition to Apple Inc.'s iPhone 4S.
The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.
