More From IBT Staff Reporter
India's Gujarat beckons investments worth $462 bln
As many as 7,936 memorandums of understanding (MoUs) were inked at the fifth edition of the two-day Vibrant Gujarat Summit 2011 in the western Indian city of Gandhinagar envisaging a whopping investment of $462 billion for Gujarat and expecting to create employment opportunities for about 5.2 million citizens.
Jan 14, 2011
NVIDIA-based GeForce Graphics Card Goes Wireless
European graphics card maker KFA2 (a subsidiary of Galaxy) has released a wireless graphics card that can transmit high-definition video up to 100 feet, eliminating the need for cables from the PC to the screen.
Jan 14, 2011
Markets flat as JPMorgan results offset Intel
U.S. stocks were little changed on Friday following a mixed reaction to earnings from JPMorgan and Intel and a modest rise in retail sales, but the S&P remained on track to notch a seventh straight week of gains.
Jan 14, 2011
Sanofi says position on Genzyme talks unchanged
French drugmaker Sanofi-Aventis would not confirm a report in daily Le Figaro on Friday saying it hoped to reach a takeover deal that would value U.S. target Genzyme at around $76 per share, or some $20 billion.
Jan 14, 2011
Dec consumer prices up 0.5 percent due to gasoline
Sharply higher prices at the pump pushed overall consumer prices up at their fastest pace in a year and a half, though core prices, which strip out volatile food and energy costs, barely budged, a government report released on Friday showed.
Jan 14, 2011
US retail sales rose in 2010
Retail sales in the U.S. rose marginally in December as well as for the year 2010, according to a report by the U.S. Commerce Department.
Jan 14, 2011
U.S. agency sees problems in Falcone's wireless plan
A U.S. agency that manages federal use of the airwaves has warned that a wireless network proposed by hedge fund manager Philip Falcone could interfere with systems such as Defense Department communications.
Jan 14, 2011
Markets dip after JPMorgan earns, retail sales
U.S. stocks fell on Friday after retail sales rose less than expected and on a mixed reaction to JPMorgan Chase & Co's quarterly earnings, though the S&P was on track to notch a seventh straight week of gains.
Jan 14, 2011
Instant View: JPMorgan quarterly earnings rise 47 percent
JPMorgan Chase & Co reported fourth-quarter earnings jumped 47 percent compared to the year earlier quarter, helped by narrowing losses on bad loans.
Jan 14, 2011
Gold slips below $1,370/oz after China move
Gold fell in Europe on Friday after China's central bank raised lenders' reserve requirements by 50 basis points, with softer haven demand for the metal after solid bond sales by Portugal and Spain also weighing on prices.
Jan 14, 2011
Gold Price Erases Dollar Gains, Drops 5% vs. Euro
The Euro extended its rally on the currency markets, spiking to a 4-week high vs. the Dollar of $1.3450 before easing back. Thus, Gold priced in Euros dropped almost 5% from Monday's near-record high.
Jan 14, 2011
Top seeds in Australian Open Draw
The draws are in for the 2011 Australian Open, with Rafael Nadal and Roger Federer the top-two seeded players.
Jan 14, 2011
Stock futures point to weak open after JPMorgan, data
U.S. stock index futures pointed to a lower open on Friday after weak retail sales and a mixed reaction to JPMorgan Chase & Co's quarterly earnings.
Jan 14, 2011
Google's ITA acquistion plan under threat from US antitrust motion
The fulfillment of Google's dream to rule the sky which neared reality with its $700 million acquisition of ITA Software may fail as the U.S. Department of Justice gears up to file an antitrust motion to block the deal.
Jan 14, 2011
Internet is running out of IP addresses!
Most users believe in the inexhaustible space on the internet but most people who log on to the net would not believe the problem internet is currently facing - running out of IP addresses.
Jan 14, 2011
JPMorgan profit beats, helped by reserve release
JPMorgan Chase & Co reported higher-than-expected quarterly earnings, helped by narrowing losses on bad loans that allowed it to release $2 billion of reserves.
Jan 14, 2011
New Associate Dean of MBA at HEC Paris to focus on continuous enhancement of the MBA experience
Professor of Strategy, Bernard Garrette, who has been teaching and researching at HEC Paris for over 20 years, has been appointed the Associate Dean of the MBA program of the School.
Jan 14, 2011
Biomet, Smith & Nephew to discuss merger: report
Privately owned U.S. orthopedics group Biomet is set to begin informal talks with Smith & Nephew
Jan 14, 2011
Stock futures off, Dow, S&P seek 7th week of gains
U.S. stock index futures fell on Friday despite strong quarterly results from JPMorgan Chase & Co as the Dow Industrials and S&P 500 looked to close out a seventh week of gains.
Jan 14, 2011
Stock futures fall, JPMorgan profit jumps
U.S. stock index futures were lower on Friday despite strong quarterly results from JPMorgan Chase as the Dow Industrials and S&P 500 looked to close out a seventh week of gains.
Jan 14, 2011
No language bar, Google with new Translate, available in Android 2.1
Google has refreshed its Translate for Android with few interesting changes to help the users.
Jan 14, 2011
Hollywood stars who woke up to new zodiac sign Ophiuchus
A look at some of the stars under Ophiuchus
Jan 14, 2011
JPMorgan reports jump in profit
JPMorgan Chase & Co reported fourth-quarter earnings jumped, helped by narrowing losses on bad loans.
Jan 14, 2011
Chip sector jumps on strong Intel report and outlook
Shares in semiconductor companies jumped on Friday in Europe and Japan after strong earnings report from sector bellwether Intel, the world's largest chipmaker, defied a slowdown in PC sales.
Jan 14, 2011
Starbucks signs pact with India's Tata Coffee; signals foray into Indian market
World’s largest coffee chain Starbucks Corp on Thursday signed a pact with Tata Coffee Ltd, part of India’s Tata group conglomerate, and Asia’s largest publicly traded coffee grower, to source beans and explore opening retail stores in India.
Jan 14, 2011
Truth on 13th zodiac sign, Ophiuchus, lost in translation
The media reports on the 13th zodiac sign, Ophiuchus, and the change in astronomy, horoscope and zodiac calender sent thousands into an astrological identity crisis. However, the real meaning seems to have been lost in translation.
Jan 14, 2011
Sanofi hopes to win Genzyme for $76/share: report
French drugmaker Sanofi-Aventis hopes to reach a takeover deal that would value U.S. target Genzyme at around $76 per share, or some $20 billion, the French daily newspaper Le Figaro said on Friday.
Jan 14, 2011
China raises banks' required reserves again
China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months to make good on its vow that inflation fighting will be a top priority for the year.
Jan 14, 2011
Stock index futures dip; eyes on Intel
U.S. stock index futures pointed to a flat to lower open on Wall Street on Friday, with futures for the S&P 500 down 0.2 percent, Dow Jones futures down 0.02 percent and Nasdaq 100 futures up 0.04 percent at 5:11 a.m. ET.
Jan 14, 2011
University of Phoenix to launch dedicated school for continuing education
Apollo Group announces the launch of a school under University of Phoenix to provide ongoing education to adults and executives.
Jan 14, 2011
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