ECONOMY & MARKETS

Rising demand should push up crude oil prices in 2011

Spain's King Juan Carlos walks with members of Cepsa during his visit to a Cepsa refinery in Palos de la Frontera
Many investment banks and commodity analysts have taken a highly bullish stance on crude oil prices for 2011, based largely on economic recovery in the U.S., continued money-printing by the Federal Reserve (thereby, weakening U.S. dollar) and persistent high demand from the emerging markets, particularly China and India.
Facebook CEO Mark Zuckerburg in Esquire's Celebrity Style Hall of Shame

Facebook Narrowing Gap With Google?

Facebook has dethroned Google as the top-visited Web sites in 2010, as well as the most searched term of the year, a report says. Into 2011, it is to be seen whether the search engine giant can regain ground.
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Top Pre-Market NASDAQ Gainers and Losers

The top pre-market NASDAQ stock market gainers are: IMAX, BSQUARE, Corinthian Colleges, and XOMA. The top pre-market NASDAQ stock market losers are: Qiao Xing Universal Resources, Dell, YRC Worldwide, ARM Holdings, and DryShips.
3. Priced too low

Pending home sales rose in November

Pending home sales climbed again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of Realtors (NAR).
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Groupon may go public in late 2011: NY Times

Groupon, the social buying website which recently rejected a $6- billion takeover offer from Google (Nasdaq: GOOG) has attracted the interest of some large institutional investors and is seeking to go public by the end of next year, according to a report in the New York Times.
New Android Trojan Emerges In China

New Android Trojan Emerges In China

California-based start up Lookout Mobile Security said a new Trojan - dubbed Geinimi' - affecting Android devices has recently emerged in China and displayed botnet-like capabilities.
Traders work on the floor of the New York Stock Exchange

US stocks open higher

US stocks advanced in early trade on Wednesday with S&P 500 Index advanced 1.63 points, or 0.13 percent, to trade at 1,260.14 at 10:00 a.m. EDT. The Dow Jones Industrial Average gained 24.86 points, or 0.21 percent, to trade at 11,600. The Nasdaq Composite Index gained 0.10 percent.
Traders work on the floor of the New York Stock Exchange

Wall Street set for slightly higher open

Futures on major U.S. stock indices point to modestly higher opening on Wednesday with futures on the S&P 500 up 0.10 percent, futures on the Dow Jones Industrial Average up 0.10 percent and Nasdaq100 futures up 0.25 percent.

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