ECONOMY & MARKETS

US stocks slump on weak economic data

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U.S. stocks slumped on Wednesday, marking the biggest decline since August, as weaker-than-expected reports on ADP private sector employment and ISM manufacturing raised concerns about the current economic soft patch.
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Google will now track dengue

Google can track the dengue fever hubs by monitoring search patterns and help the heath officials prepare for out breaks.

Can Gold Really Replace the US Dollar?

Public faith in Western currencies has hit an extreme low. Faith in the US dollar is especially weak because the US government keeps on spending money it doesn’t have by borrowing from the generous printing presses of the Federal Reserve.
A man walks past an 'Acer' office during the Mobile World Congress in Barcelona

Microsoft ways 'troublesome' for processor makers: Acer

Microsoft Corp. has set up troublesome rules on makers of processors to support the up-coming Windows tablet-computer operating system, Acer Inc. Chairman and Chief Executive Officer J.T. Wang said at the Computex trade show in Taipei.

Intel upbeat on 'Ultrabook'

Intel introduced a new class of mobile computers,’ Ultrabook’ taking cues from Apple’s iPad and MacBook Air, to beat the market of tablets
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Medco Health Lost FEP Contract, a Signal for More Aggressive Pricing?

FBR Capital Markets lowered its price target on shares of Medco Health Solutions Inc. (NYSE: MHS) by $4 to $71, while maintaining its outperform rating. The brokerage said it maintained its rating despite the recent announcement of Medco losing $3 billion of annual revenue from Federal Employees Program (FEP) contract going to competitor CVS Caremark Corp. (NYSE: CVS).

Nvidia Upgraded at Auriga

Auriga USA LLC upgraded its rating on shares of Nvidia Corp. (NASDAQ: NVDA) to buy from hold and raised its price target to $24 from $19, as it sees potential for strong growth in Tegra, which may more than offset its flattish GPU business.

Why lower Saudi oil prices kill alternative energy

The biggest obstacle to alternative energy is money. Saudi Prince Al-Waleed bin Talal seems to understand this. In a CNN interview, he admitted Saudi Arabia wants lower oil prices because it doesn’t “want the West to go and find alternatives.”

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