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Wall St jumps two percent after data

Wall Street stocks kicked off 2012 with a sharp rally on Tuesday after data showed U.S. manufacturing activity and construction spending picked up, signaling the economic recovery was gaining steam.
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BP challenges Halliburton court request on spill

BP has opened 2012 with a new legal move in its battle to force contractor Halliburton to help pay the costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, which the oil major previously put at around $42 billion.
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Barclays cuts Intel, Applied Materials to equal weight

U.S. semiconductor stocks are in for a volatile 2012 as inventory correction extends into the first quarter, and an industry recovery due only in the second half, Barclays Capital said and downgraded five stocks, including Intel Corp.
Champagne

Champagne resists crisis in 2011, outlook prudent

French champagne sales managed to weather the economic crisis in 2011, expecting to show 3.5 percent growth thanks to exports to the United States and emerging countries, but a slowdown is in sight, the champagne trade association said on Monday.
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Futures Jump After Chinese, German Data

Stock index futures rose sharply on Tuesday as upbeat Chinese and German data boosted optimism about the global economy after the S&P 500 index ended flat in 2011.
A market stall owner displays fruits in Leicester, central England

New FAO chief says food prices may ease in 2012

Food prices may ease in 2012 due to a slowing global economy, though no drastic drop from high levels is expected, the new director-general of the U.N.'s Food and Agriculture Organisation said on Tuesday.
Traders await the start of the trading at the New York Stock Exchange

Futures Jump on Upbeat China Data

Stock index futures rose on Tuesday as investors returned to the market optimistic about the global economy after Wall Street ended flat in 2011.
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Stock index futures points to higher start

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures up 1.1 to 1.9 percent at 6 a.m. EST.
Steve Jobs Figurine

Lifelike Steve Jobs Figurines Show Uncanny Resemblance [PHOTOS]

A toy company has launched figurines, capturing, in quite some detail, the appearance of Steve Jobs, the now legendary Chief Executive Officer (CEO) of Apple Inc., complete with his signature black turtle neck, blue jeans and rimless circular glasses.
Mayan Calendar

2012 Mayan Calendar: Top 10 Weirdest Doomsday Predictions

Humanity survived the hype and dread of the Judgment Day of 1844, the deadly Halley's Comet which almost hit the planet in 1910 with its toxic tail, and the cataclysmic digital failure popularly known as Y2K in 2000. However, for some mysterious reasons, people seem to crave for fresh doomsday predictions as the older episodes and dates are forgotten.
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Rupert Murdoch splashes opinions on Twitter

Media mogul Rupert Murdoch has rung in the New Year with a new Twitter account that includes praise for Republican presidential hopeful Rick Santorum and opinions on President Barack Obama's policies and the Steve Jobs biography.

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