The issue of peak oil was raised by Sadad al Husseini, a former top official at Aramco, Saudi Arabia's oil monopoly, in conversations with US officials, according to Wikileaks.
Between October and December 2010, 101 million smartphones were shipped as opposed to 92 million PCs.
Though the official version, and most of the media, paints a rosy picture, the reality on the ground is vastly different, with people finding it ever harder to find jobs, according to many observers. Some even say the BLS unemployment figures are an eyewash.
Between October and December 2010, 101 million smartphones were shipped as opposed to 92 million PCs.
The top pre-market NASDAQ stock market gainers are: Photronics, Transition Therapeutics, Take-Two Interactive Software, Atmel, and Mercer International. The top pre-market NASDAQ stock market losers are: Smith Micro Software, Sierra Wireless, Motricity, WSB Holdings, and Zalicus.
American International Group, Inc. said it expects to record a $4.1 billion charge in the fourth quarter to boost the loss reserves in its Chartis property and casualty insurance subsidiaries.
The companies whose shares are moving in pre-market trade on Wednesday are: Walt Disney, Jds Uniphase, PPL Corp, Ingersoll-Rand, Motorola Solutions, Wells Fargo, Time Warner and Google.
Japan should work on its huge public sector debt and budget deficit and Japanese banks should secure more capital, a senior International Monetary Fund (IMF) official has said.
The U.S. home loan demand fell sharply in the week ended Feb. 4, as the mortgage rates continue to rise from their lowest levels amid growing confidence on the economic conditions of the nation, the Mortgage Bankers Association (MBA) said on Wednesday.
Jefferies & Co. downgraded its rating on shares of Novatel Wireless Inc. (NVTL) to hold from buy and lowered its price target to $8.50 from $13.50.
Toyota vehicles didn't have any electronic flaws that were earlier blamed to have caused sudden acceleration in its vehicles, according to a report from the U.S. Department of Transportation.
The companies which are expected to see active trade on Wednesday are: Cisco Systems, MetLife, Coca-Cola, Akamai Technologies, Polo Ralph Lauren, Whole Foods Market and Walt Disney.
If Fine Gael party emerges as a key partner in a coalition government, the senior debt holders will have to make sacrifices as the new government goes ahead with a bank debt restructuring.
UK's goods trade deficit surged to record high of 9.247 billion pounds in December from 8.460 billion in the previous month, the Office for National Statistics announced on Wednesday. The widening of the deficit was larger than economists' consensus forecast of 8.6 billion pounds.
The top after-market NYSE gainers on Tuesday are: St. Joe, Retail Ventures, DSW, General Cable and CBL & Associates. The top after-market NYSE losers on Tuesday are: USANA Health Sciences, Sims Metal Management, Life Time Fitness, Gaylord Entertainment and McMoRan Exploration.
Robert W. Baird forecasts inflation to upswing during the course of 2011, while inflation overall is expected to remain rather benign by historical standards. The brokerage said food and gasoline are among the items poised to see upward price pressure this year.
The top after-market NASDAQ stock market gainers are: Perceptron, Web.com Group, The Andersons, Deltek, and Amtech Systems. The top after-market NASDAQ stock market losers are: Sierra Wireless, Motricity, Innophos Holdings, BCD Semiconductor Manufacturing, and Pinnacle Airlines.
The Vatican has given its approval for a new Confession application for Apple iPhone, iPad and iPod Touch.
The London Stock Exchange Group plc (LSE) said that it is in advanced negotiations with the operator of the Toronto Stock Exchange, the TMX Group, regarding a potential merger.
Hong Kong's government will increase land supply in the coming fiscal year in a bid to cool property prices, the Ming Pao newspaper reported on Tuesday.
The Dow Jones Industrial Average scores its seventh straight daily gain, as U.S. stocks seemed to shrug off another interest rate hike by the central bank of China.
Payroll gains are the golden indicator for the US economy at this time because it reveals conditions in crucial areas and is the catalyst for the next step of the recovery process.
High international commodities prices and a weakening shilling against the dollar are expected to cushion Kenyan listed agricultural stocks from inflationary pressures and the effects of a biting drought, analysts said.
Kenya's benchmark AA coffee grade fetched a new all-time high of $1,022 per 50 kg on Tuesday, reflecting a trend of soaring commodity prices due to political upheavals in north Africa.
Egypt's central bank said on Tuesday it intervened in the market to prop up the Egyptian pound, helping the local currency to rise against the dollar for the first time since political unrest gripped the country.
Australia's Sundance Resources wants Chinese companies to build a railway line and port in Cameroon vital to its Mbalam iron ore export venture, a senior executive said on Tuesday.
South Africa intends to create a 10 billion rand fund to tackle massive unemployment in Africa's biggest economy, the ANC's Secretary General Gwede Mantashe told Reuters on Tuesday.
World stocks and oil prices ebbed from recent highs on Tuesday after China raised interest rates for the second time in just over a month, spurring worries of the hike's impact on global economic demand.
Nationalising South Africa's mines is not the option, mines minister Susan Shabangu said on Tuesday in her strongest comments in a year against an idea that has unnerved investors in Africa's biggest economy.
Automaker Toyota Motor Corp. reported a 39 percent fall in its third quarter profit, hurt by slower domestic sales and a strong yen.
