Two University of Illinois experts in bankruptcy law are saying that the legal principles applied in the bankruptcy reorganizations of GM and Chrysler were misguided, and have ultimately undermined the distributional norms of bankruptcy reorganizations.
Oracle and Apple have announced the OpenJDK project for Mac OS X, a move that will make Apple's Java technology available to open source developers.
The top pre-market NASDAQ stock market losers are: Dynavox, L & L Energy, China MediaExpress Holdings, Fuqi International, Green Mountain Coffee Roasters, Mentor Graphics, American Capital Agency, Ascent Solar Technologies, Solarfun Power Holdings, and Power-One.
The top pre-market NASDAQ stock market gainers are: Finisar, Tianli Agritech, EDAP TMS, BSD Medical, Nvidia, Republic Airways Holdings, City Telecom HK, Ryanair Holdings, Magic Software Enterprises, and Globe Specialty Metals.
A study on charts shows that silver may not continue to enjoy the status of being better investment alternative over gold in the short-to-medium-term period. And not only that, any correction in both the metals will happen with the white metal falling much steeper than its yellow counterpart.
FBR Capital Markets raised its profit estimate and price target of Nvidia (NVDA), a day after the graphics chip maker reported third quarter earnings that topped Wall Street estimates.
Eurozone industrial output unexpectedly fell in September as the demand for durable goods plunged.
Commodities dropped on Friday as higher-than-expected Chinese inflation triggered rate hike worries in the world's second largest economy pushing gold, copper and platinum to 1-week lows and cutting December crude by more than $2 on the day.
Cell phone giant Nokia, which is struggling to regain its market share in the United States, could find its new growth engine in the form of emerging markets and surging demand for smartphones.
Indian equity markets are trading lower by 328.30 points or 1.59 percent on Friday with all sectoral indices are in the negative side.
The top after-market NASDAQ stock market losers are: Dynavox, Clearwire, China Electric Motor, Exide Technologies, ArthroCare, Cray, Harleysville Group, West Coast Bancorp, Kenexa, and Liberty Capital Group.
German gross domestic product (GDP) growth slowed to 0.7 percent in the third quarter after increasing sharply by a revised 2.3 percent in the second quarter.
Rolls-Royce expects full year underlying profit growth to be slightly lower than its prior forecast, blaming engine failure incident on a Qantas A380 super-jumbo flight last week.
India's index of industrial production (IIP) growth slowed further 4.4 percent to 325.6 for the month of September 2010 as compared to 8.2 percent in the month of September 2009, according to a statement by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.
The top after-market NASDAQ stock market gainers are: Andatee China Marine Fuel Services, Cumberland Pharmaceuticals, Finisar, Tianli Agritech, BSquare, Stereotaxis, Tandy Brands Accessories, EDAP TMS, Rex Energy, and Planar Systems.
Stocks, through quantitative easing, are pushed higher and into bubble territory. In a few years, the market could crash and fall as much as 50 percent, said Jeremy Grantham of GMO LLC.
Jim Cramer, a financial pundit and former hedge fund manager, said the best way of making money off the G20 Seoul summit is betting it won't go well. And one bets against the summit by buying gold, he said.
Copper hit record highs in London and jumped to a 30-month high in New York on Thursday as strong Chinese data suggested higher demand for the metal by the world's biggest consumer.
U.S. stocks declined in early trade on Thursday with tech stocks particularly remaining weak as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.
MetLife Inc., the largest life insurer in the U.S., said it plans to discontinue the sale of new Long-Term Care Insurance (LTCI) coverage next year, citing ongoing financial challenges facing the LTCI industry.
Oil rallied to its highest in more than two years on Thursday on reports that major oil consumers may use more of it next year. Oil rose despite a strong dollar on the day, which analysts largely attributed to the latest demand-supply equations of the commodity.
The top pre-market NASDAQ stock market losers are: Cisco Systems, Micromet, Solarfun Power Holdings, RINO International, Ascent Solar Technologies, Cavium Networks, Limelight Networks, Clean Energy Fuels, Altera, and CoStar Group.
The top pre-market NASDAQ stock market gainers are: China GrenTech, Dendreon, Geron, A123 Systems, TiVo, Foster Wheeler, DryShips, Approach Resources, and Hudson City Bancorp.
More monetary tightening is expected in China by the end of the year, as the surging loan growth raises more concerns than food price inflation, says a research report.
The euro dropped across the board on Thursday as weak data from the region showed the crisis-hit EU member countries will continue to pressurize the single currency.
Media giant Viacom reported better-than-expected quarterly profit as it recorded strong gains in advertising, affiliate and television license fees.
Futures on major U.S. indices point to a lower opening on Thursday as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.
A new research study provided insights into how the poor people in four Thailand provinces increased their net worth and pull out of poverty. Poor people in developing countries who used their existing assets most productively were more successful at pulling themselves out of poverty.
Futures on major U.S. indices point to a lower opening on Thursday. Futures on the S&P 500 are down 0.38 percent, futures on the Dow Jones Industrial Average are down 0.27 percent and Nasdaq100 futures are down 0.66 percent.
A study on charts shows that silver may not continue to enjoy the status of better investment alternative over gold in the short to medium term period.
