ECONOMY & MARKETS

Swiss Franc banknotes of several values lie on a table before being sorted in a money counter in a Bank in Zurich

Growth Worries Hobble Stocks; Swiss Franc Slips

European equities followed Asian stocks lower Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.
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Factory, housing data flash warning signal

Factory, housing data flash warning signal

Canadian manufacturing sales slid more than expected in June, while sales of existing homes were flat in July, data on Tuesday showed, offering new signals that the Canadian economy is slowing.
The Situation

Abercrombie & Fitch Tells 'The Situation' to Stop Wearing its Clothes, Stock Price Drops

Clothing retailer Abercrombie & Fitch saw its stock price drop nearly 10 percent Wednesday after it asked Michael Sorrentino, "The Situation," of "The Jersey Shore" not to wear its clothes. This was the first trading session after the company publicly offended the young man by offering him and his co-stars "substantial payment" to stop wearing Abercrombie & Fitch clothes.
The Facebook logo is shown at Facebook headquarters in Palo Alto

Research Shows ?Facebook Fatigue?

New research from Global Web Index shows sharp declines among Facebook users in some of the world's biggest markets including the United States, Canada and the United Kingdom.
People ride their bikes past Google Inc. headquarters in Mountain View

Google-Motorola Deal: Implications for Apple, RIM, Microsoft

Google Inc. has agreed to buy Motorola Mobility Holdings Inc. for $12.5 billion or $40 a share in cash, valuing each essential patent at about $20 million, to defend its Android ecosystem. RBC Capital Markets said the deal value of $12.5 billion equates to 0.7 times trailing twelve months (TTM) of equity value-to-sales.
GOP

Will Moody?s Downgrade US ?AAA? Rating?

Following Fitch?s affirmation of ?AAA? rating to U.S. debt, which was in sharp contrast to S&P?s downgrade, the focus now turns to whether Moody?s will retain top rating for the US.
Man has his picture taken in front of Google Inc. headquarters in Mountain View

Google-Motorola Deal: Implications on Smartphone Sector

Google Inc. has agreed to buy Motorola Mobility Holdings Inc. for $12.5 billion or $40 a share in cash to defend its Android ecosystem. Rising IP threats to Android from Microsoft Corp. and Apple Inc. were the primary driver of the acquisition, RBC Capital Markets said.
People ride their bikes past Google Inc. headquarters in Mountain View

Google-Motorola Mobility Deal May Benefit Google TV

Google Inc. (NASDAQ:GOOG) has agreed to buy Motorola Mobility Holdings Inc. (NYSE:MMI) for $12.5 billion or $40 a share in cash, valuing each essential at about $20 million, to defend its Android ecosystem. The acquisition may also benefit Google TV, Jefferies said in a note.
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European Markets Fall after Disappointing Summit

European stocks fell early Wednesday, resuming their slide as a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to calm worries over the euro zone debt crisis.
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Euro and Tech Stocks Lose Ground in Asia

The euro wobbled Wednesday after French and German leaders failed to deliver a solution to the euro zone debt crisis and restore confidence after a global market rout, while Japanese shares fell, dragged down mainly by hi-tech.
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Brent Crude Rises on Encouraging U.S. Figures

Brent crude rose Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in U.S. gasoline stocks and positive U.S. economic data trumped concerns over European debt
One kilogram gold bars are seen in this picture illustration

Gold Sets Record High: Three Reasons Why

The price of gold notched a record Tuesday because three confidence-draining forces hit Wall Street simultaneously just as investors were dipping their toes back into the stock market.
Watch the talent

Top 5 Fund Managers

In the midst of the economic slowdown, half the assets managed by the world's largest fund managers are now pension fund assets.
South African rands

SAfrica's rand falls 2 pct, stocks snap 4 days of gains

South Africa's rand fell as much as 1.9 percent against the dollar on Tuesday, weighed down by a weak growth outlook for the country's main trading partner bloc and showing the worst performance among its emerging market peers.
Niger

Nigerian inflation falls to more than 3-year low

Nigeria's headline inflation unexpectedly fell in July, data showed, reaching its lowest level for more than three years following an aggressive period of monetary tightening by the central bank.

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