QE2 important for job creation: Rosengren
Boston Federal Reserve's Chairman Eric Rosengren defended the Fed's second round of quantitative easing, stating that it was necessary to avoid deflation and help unemployment. The fact that the U.S. Treasury yields have risen since the Federal Reserve announced a second round of quantitative easing does not mean that the QE2 is failing, Capital Economics said in a note.
Cardinal Health to buy drug distributor Kinray for $1.3 bln
Cardinal Health Inc. announced its acquisition of privately-held drug distributor Kinray Inc. for $1.3 billion in cash to expand its presence in community pharmacy.
Study: Paid, HD-TV Are The Norms
A global study from Motorola says more people prefer paid TV content rather than free-to-air, despite the latter being more available.
Algorithm Matches Kidneys More Efficiently
A computer algorithm that matches kidneys to donors could help save lives.
Ness Technologies eyes 2 buyouts in India
Israel-based IT services provider Ness Technologies is looking to buy two companies in India in the outsourced product development and financial services areas by the end of next year.
Microsoft offers Symantec software for free
Microsoft has announced that it has partnered with Symantec and retailer PC Mall to offer free software security package for small business until December 31.
New Harry Potter movie leaked to the web ahead of release
The first 36 minutes of “Harry Potter and the Deathly Hallows – Part 1”, produced by Warner Bros, was leaked on Tuesday on the Internet ahead of the movie’s release this Friday.
UK Oct. retail sales up for first time in three months
Retail sales in the U.K. rose by 0.5 percent for the first time in three months during October, according to a report by the Office for National Statistics.
Swedish court moved to order detention of Wikileaks founder over rape allegations
Wikileaks founder Julian Assange is likely to be detained for questioning over his alleged connection to a rape case. The Director of Prosecution, Marianne Ny, has requested the District Court of Stockholm to detain Assange, claiming that they have not been able to meet with him to accomplish the interrogations.
Sarah Palin's own 'American Dream'
Sarah Palin, who announced her intent to run for the Presidential bid on Wednesday, seems to be reaching out to the American public in a rather tidy way. Her latest stint on reality TV, coupled with an unfaltering media management, could come along in her pursuit to the White House.
Ford Motor engineer pleads guilty on theft of trade secrets
Ford Motor co engineer Xiang Dong Yu, 49, of Beijing, China, pleaded guilty today in federal court to two counts of theft of trade secrets.
Cadillac Urban Luxury Concept unveiled ahead of L.A. Auto show
Cadillac today introduced the Urban Luxury Concept, which complements its compact dimensions with the design, features and technology for which Cadillac is known.
Larry's sensitive about Sun's assets; Oracle sues hardware partner Multis
Hardware partners beware, lock your warehouses or get sued. Oracle filed a suit against Multis on Nov. 9 at U.S. District Court for Northern District of California, for breach of contract under which they were liable for losses, if they failed to secure the partner's hardware.
Caterpillar deal may spark consolidation in mining equipment sector
Caterpillar Inc.'s (CAT) $7.6 billion-acquisition of rival Bucyrus International is likely to trigger a consolidation of the attractive mining equipment industry.
U.S. stock futures gain, GM eyed
Futures on the S&P 500 gained 11.80 points to 1,189.30, futures on the Dow Jones Industrial Average are up 87.00 points to 11,082.00 and Nasdaq100 futures are up 25.50 points to 2,122.50.
LSE interim pretax profits up 26 pct, says IPO pipeline 'promising'
London Stock Exchange Group said activity on the primary markets picked up with a more than doubling of the total number of new issues. The group lifted its interim dividend by 5 percent to 8.8 pence.
Investec posts "strong" H1 operating results, AUM rises
Investec Plc, the specialist bank and wealth manager, posted a "strong" operational performance in the first half, with five of its six core businesses recording a substantial increase in earnings. Third party assets under management grew 4.9 percent to 77.8 billion pounds.
Chevrolet Volt named Automobile of the Year
The Chevrolet Volt electric car is the Automobile Magazine's 2011 Automobile of the Year. The award will be presented to Joel Ewanick, GM U.S. Marketing Vice President, on Wednesday at the Los Angeles International Auto Show.
OnLive to begin selling gaming console for $99
OnLive, a video game streaming company, will begin selling its small gaming console on Thursday for a promotional price of $99.
Facebook not sure if it is 100 pct right in preventing Gmail
Facebook is not sure if it's “100 per cent right” in preventing Google’s Gmail and other third party apps from automatically importing email addresses from the social-networking service.
House Dems pick Pelosi as leader despite moderates' concerns
House Democrats re-elected Rep. Nancy Pelosi D-CA as their leader for the next Congress by a large margin on Wednesday as her challenger said the fragmented vote meant moderates should get a say in decision making.
Amazon’s New Business: Making Movies
The web retailer has decided to open a movie studio aimed at attracting aspiring filmmakers.
Murkowski projected to be Senate winner in Alaska
Republican Alaska Sen. Lisa Murkowski is the projected winner of her tight race for the Senate against challenger and tea-party-backed Republican Joe Miller.
START stalled by Republican senator
President Obama, last Saturday in Japan, reiterated his administration’s commitment to Russian President Dmitri Medvedev to get the new START Treaty approved by the lame-duck U.S. Senate before the year is out.
Mercury plagues Indiana
Indiana has over 30 coal-burning power plants. The smoke rises and disperses in the air, but its chemical contents do not vanish. They linger in the atmosphere and they return to the earth, and to the waterways of Indiana, with the rain.
Invasive airport pat downs, body scans needed, says official
Full-body scanners and the alternative of invasive pat downs are needed to provide security for all air travelers, the top federal transportation security official said Tuesday.
Hollywood studios sue DVD sanitizer, seek injunction
Several Hollywood studios, including Paramount, Warner Bros., MGM, Disney, Universal and Fox, have filed a lawsuit against DVD sanitizer Family Edited DVDS, Inc. and are seeking a permanent injunction to stop the company from altering movies to be free of objectionable content and distributing them to consumers as family-friendly.
Astronomers See First Evidence For Black Holes In Supernovas
Astronomers may have found the youngest black hole ever, offering the first concrete evidence that they are formed in supernovas.
Royal prenup in the air?
Britain's Prince William and his long-time girlfriend Kate Middleton ended speculations about their future by announcing their engagement on Tuesday but triggered a new speculation over whether the couple will opt for a prenuptial agreement.
Hulu Plus launched at sliced rate of $7.99, but is it enough to save Hulu?
Hulu has announced the launch of its Hulu Plus subscription service, shaving $2 off from the preview price at $9.99 showcased in July.
