Apple cites strong iMac demand amid shipping delays
Apple Inc on Monday said strong demand for its new iMac personal computer had it working hard to keep up, and the company apologized for any delays in deliveries to customers.
WHO: Increased funds show results in malaria battle
Increased funding is starting to pay off in the battle against malaria but prevention and treatment must be increased to try to halt the killer disease, the World Health Organization said on Tuesday.
Futures slip on strong dollar; data on tap
U.S. stock index futures slipped on Tuesday, a day after stocks hit a 14-month high, as concerns about the health of the German economy and euro zone banks drove the U.S. dollar higher.
More evidence coffee, tea could prevent diabetes
Coffee, tea, or decaf-no matter what your choice, drinking any of these beverages may reduce your risk of diabetes, according to a new analysis of 18 studies including hundreds of thousands of people.
Daily Outlook - Dec 15
UBS Bosses Free; Airline Woes 2010; AIG's Personal Struggles
NEC Electronics, Renesas eye profit, cost cuts
Struggling Japanese chipmakers NEC Electronics and Renesas Technology said they aim to turn an operating profit in the first year after their merger next April by outsourcing production and eliminating business overlap.
Airline industry to lose $5.6 billion in 2010: IATA
The world's airlines are set to lose $5.6 billion next year, more than previously estimated, with rising fuel costs offsetting a rebound in both passenger and air cargo, the industry group IATA said on Tuesday.
Futures slip after gains, data on tap
U.S. stock index futures slipped on Tuesday a day after stocks hit a 14-month high and ahead of the start of a policy-setting Federal Reserve meeting.
Airline assn raises 2010 sector loss expectations
The world's airlines are set to lose $5.6 billion next year, more than previously estimated, with rising fuel costs offsetting a rebound in both passenger and air cargo, the industry group IATA said on Tuesday.
Costly fuel means more woe for airlines: report
The world's airlines are set to lose $5.6 billion next year, far more than previously estimated, with a rebound in passenger and air cargo demand only partly compensating for rising fuel costs, industry group IATA said.
Airline industry to lose $5.6 billion in 2010: report
The world's airlines are set to lose $5.6 billion next year, more than previously estimated, with rising fuel costs offsetting a rebound in both passenger and air cargo, the industry group IATA said on Tuesday.
MAN SE stock jumps on report that bid from VW looms
Talk that Volkswagen will make a full takeover bid for German truckmaker MAN SE swelled on Tuesday when a German newspaper cited an unidentified company executive as saying an offer was looming.
Stock futures signal weaker open; data eyed
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were down 0.2 to 0.3 percent at 1006 GMT (5:06 a.m. EST), pointing to a weaker start on Wall Street on Tuesday.
Eurozone worries hit euro, weigh on world stocks
The euro hit a 2-1/2 month low against a broadly firmer dollar on Tuesday while world stocks slipped as concerns grew about the European banking sector and the fiscal health of Greece.
MAN SE exec expects bid from Volkswagen: report
Volkswagen is likely to make a full takeover bid for German truckmaker MAN SE , in which it already has nearly 30 percent, a German paper quoted an unidentified MAN executive as saying.
Kraft stands firm on Cadbury bid approach
Kraft Foods has vowed to maintain discipline in its pursuit of British chocolatier Cadbury , suggesting the U.S. group will resist raising the level of its hostile approach.
LG sets 3D TV target, to offer new lineup in 2010
LG Electronics Inc, the world's No. 2 TV brand by revenue, set an aggressive sales target for 3D televisions, aiming to build a leadership position in an emerging market where competition is expected to heat up.
Forex and Stock Market
There are many reasons that convince us to believe trading Forex could generate results which are almost independent of trading stock (or rather equity). Here are some of those reasons.
Personal Income Levels and the Forex Market
Forex market investors usually base their trade decisions or strategies upon macroeconomic data that's presented throughout the month. These “economic indicators” can seriously affect where an economy is headed – for the better or worse. In fact, after a release of a particularly strong economic indicator, the currency rate can actually decrease or increase within a matter of a few hours. One such indicator is the Personal Income and Outlays Report.
Investor, Trader, Speculator
You may wonder what would be the difference between an investor, a trader, or a speculator. While there is no exact border between these terms there are certainly some qualifications that make them distinct from each other.
Spot FX, Forward FX, Futures FX, and Options FX
When we refer to the Forex market we usually refer to the Spot FX or Spot Forex market. The Spot FX is a large Over The Counter (OTC) market that consists of thousands of Interbanks, institutional investors/traders, brokerage firms, and millions of retail traders. This market refers to the cash market of Forex. Although the Spot FX contracts settle within 2 days of the contract they are based on the current global price of the currencies. What you actually pay to purchase a currency against sell...
Dollar steady, stocks waver before Fed meeting
The dollar steadied on Tuesday and Asian stocks wavered, despite improving appetite for riskier assets, as investors turned cautious ahead of a meeting of the U.S. Federal Reserve.
Kraft pledges discipline in Cadbury pursuit
Kraft Foods said it would maintain a disciplined approach in its pursuit of British chocolatier Cadbury and believes the combination would provide meaningful revenue synergies and cost savings.
Five political risks to watch in China
China has so far weathered the global economic downturn with its growth rate staying robust and no sign the government faces any major challenge to its rule. Following is a summary of key China risks to watch:
Technical outlook for EURUSD, AUDUSD, USDJPY
The Situation on the board has not changed much over the last few trading days. EUR/USD as we expected came down from 1.50 areas and it is trading close to its midterm support 1.4615. It does not look like it is going to fly through it and reach lower levels before Xmas 2009. It is consolidating for now and we will have to see how it is going to play out over the next few days. We favor that there will be correction taking place to around 1.4860-49 area or even possible re test of 1.50 levels be...
AIG top staff struggle financially: report
Top executives at troubled insurer American International Group have been struggling financially after taking personal losses in the wake of the near-collapse of the company last year, AIG's chief executive Robert Benmosche told the Wall Street Journal in an interview.
Dollar flat, Asia stocks waver before Fed meeting
The dollar steadied on Tuesday while Asian stocks wavered as investors turned cautious ahead of a meeting of the U.S. Federal Reserve although Abu Dhabi's decision to throw a lifeline to Dubai continued to bolster risk appetite.
Samsung Electronics names new CEO
South Korean technology powerhouse Samsung Electronics named a new CEO on Tuesday and appointed the Samsung Group heir apparent to chief operating officer , as part of an organizational restructuring.
Citigroup, Wells Fargo to pay back U.S.
Citigroup Inc and Wells Fargo & Co said they were paying back funds to the U.S. government, in transactions that will end taxpayers' capital support of the biggest U.S. banks much sooner than had been expected just weeks ago.
Daily Wrap Up - Dec 14
Citi's Stuck with Cut Pay; Post-Holiday Blues; M&A Boon for XTO CEO