Fed's Hoenig: Keeping rates low dangerous gamble
The Federal Reserve is undertaking a dangerous gamble by keeping rates at near zero for so long, and it must start raising rates or risk damaging the nascent U.S. recovery, a top Federal Reserve official said on Friday.
Retailers' results may sway stocks
U.S. stock investors will brace for further signs of weakness in the U.S. recovery next week as earnings from key retailers are expected.
Wall St Week Ahead: Retailers' results may sway stocks
U.S. stock investors will brace for further signs of weakness in the U.S. recovery next week as earnings from key retailers are expected.
Oracle sues Google over Android
Oracle Corp sued Google Inc, alleging patent and copyright infringement in the development of the popular Android smartphone software.
Goldman CEO, others get millions from options
Goldman Sachs Group Inc on Friday said several top company officials, including Chairman and Chief Executive Lloyd Blankfein, exercised stock options this week and obtained millions of dollars of profits by selling the resulting shares, regulatory filings show.
Retail sales tepid but sentiment finds a footing
Retail sales rebounded in July but showed hints of lingering economic softness, as did inflation data showing underlying price pressures stuck at their lowest level since the 1960s.
Digital drug I-Doser negatively influencing teens
According to the official web site, I-Doser is a brainwave synchronizer that emulates the use of prescription drug. The site sells iDoses that range from a price of $US2.75 for a standard heroin track to a price of $US199 for the Gates of Hades that comes with an enticing combo of Smoke and torment. Weeping and gnashing of teeth. Destruction.
Supercomputer to be used in Australia to battle glaucoma
The arrival of Victoria's supercomputer at the University of Melbourne marks a significant time for hundreds of thousands of Australian with glaucoma as they get to access a much more accurate data about their worsening sight.
Higher cholesterol level in Aussie women, regardless of income status
According to the study findings gathered by medical research group Baker IDI Heart and Diabetes Institute, four out of five women ages ranging from 45 to 64 presented to their GP with dangerously high levels of bad cholesterol - LDL.
BlackBerry assures India on access to services
Research In Motion has promised India a technical solution for decoding encrypted BlackBerry data, a senior official said on Friday, a step that could allay Indian security concerns about the smartphone and avert a shutdown.
Stocks end worst week in six with another down day
U.S. stocks closed out their worst week in six with a whimper on Friday, slumping toward the close as economic data gave little reason to reverse a string of sell-offs.
High rate of deaths due to rheumatoid fever in Aboriginal children
According to Brenda Green, researcher from the Menzies School of Health in Darwin, a startling high rate of Indigenous Australians die young due to rheumatic heart disease.
JC Penney gives weak profit view
J.C. Penney Co Inc forecast a profit for the year below Wall Street expectations, taking a cautious view that is gaining ground in the retail sector.
Think outside the box to position candidacy as value-added
Sandra was kind enough to contact me to let me know she was successful-and extremely excited-about being offered a job with one of her target employers-one of the region's largest healthcare systems.
GM IPO filing delayed until early next week: source
General Motors Co has delayed its IPO filing until early next week as it updates its prospectus with the recent CEO change and a management risk factor, a source familiar with the situation said on Friday.
Wall Street eyes worst week in six after mixed data
Stocks were little changed on Friday, with all three indexes on track for their worst week in six weeks as mixed economic data did little to convince investors of the recovery's strength.
Stay tuned for a Wal-Mart sales turnaround
Bill Simon could not have picked a better time to take over as chief executive of Wal-Mart Stores Inc's key U.S. discount store unit.
Blockbuster wins debt reprieve, warns of liquidation
Blockbuster Inc has won its second debt-payment deadline extension in as many months, but the struggling video rental chain reported a wider loss and warned it might have to liquidate, sending its shares plummeting more than 20 percent on Friday.
German juggernaut propels euro zone GDP jump
European economic growth accelerated sharply in the second quarter of 2010 as Germany's best performance since reunification more than made up for the struggles of Spain, Ireland and recession-ravaged Greece.
Penney profit beats, outlook weak
J.C. Penney Co Inc reported stronger-than-expected quarterly earnings, helped by tighter cost controls and its expansion of exclusive brands, and forecast improving sales in its current quarter.
PersonalFinance: The retirement process
Many workers and financial companies talk about retirement as if it's a day on which everything changes. The day you retire is the day you need X amount in the bank, an annuity, a Social Security check and an old person's portfolio, they suggest. It's the day you're done: with work, with commuting, with consuming and more.
Russia to limit Uralkali foreign bid at 15 pct
Russia is keen to create a national potash mining champion via the merger of its two biggest companies in the sector and may allow a small stake to be bought by an overseas player, analysts said on Friday.
Wall Street lower after consumer sentiment data
Stocks edged lower on Friday, building on three days of losses as data showed consumers saw little improvement ahead for the economy.
Blockbuster extends debt pact, but may liquidate
Blockbuster Inc said it had extended a debt-payment deadline to the end of September, but reported a wider loss and warned it might have to liquidate, sending its shares down 20 percent.
INSTANT VIEW: U.S. retail sales up in July, CPI higher
U.S. retail sales rose in July in a hopeful sign for the economy, but the gains were concentrated in auto and gasoline station sales, suggesting underlying momentum in consumer spending remains tame.
INSTANT VIEW: Retail sales up in July, CPI higher
U.S. retail sales rose in July in a hopeful sign for the economy, but the gains were concentrated in auto and gasoline station sales, suggesting underlying momentum in consumer spending remains tame.
Gold retreats from 1-month high after U.S
Gold retreated from the one-month high it hit in earlier trade as the dollar, European equities and U.S. stock futures all lifted from lows after U.S. retail sales and inflation data.
It remained supported by overall jitters over the outlook for the global economy, however, as investors spooked by disappointing U.S. economic data turned to the metal as a safe store of value. Spot gold was bid at $1,213.10 an ounce at 9:06 a.m. EDT, against $1,211.20 late in New York on Thursday. Earlier it rose...
Penney profit beats but outlook weak
J.C. Penney Co Inc reported stronger-than-expected quarterly earnings on Friday on tighter cost controls but the department store chain gave a profit outlook that fell short of Wall Street forecasts. Shares fell 1.4 percent in premarket trading.
Blockbuster posts loss, extends debt pact
Blockbuster Inc posted a wider quarterly loss but said it had extended a debt-payment deadline to the end of September to give it time for recapitalization talks with debtors and strategic parties.
Euro slips as debt worries outweigh strong data
The euro fell on Friday after lackluster results in an Italian bond auction renewed worries about the euro zone peripheral economies and offset strong German growth data.
The U.S. dollar headed for its best weekly performance since early 2009 against a basket of currencies after concerns about the U.S. and global economic outlook prompted investors to dump riskier assets and seek safety in the greenback.