IBT Staff Reporter

116431-116460 (out of 154946)

Daily Wrap Up - Oct 13 (Tech)

Intel reported what it called the strongest second-to-third-quarter growth in 30 years of business. However, compared to the same period a year ago, revenue and profits dropped

Daily Commentary - 14/10/2009

A softer than expected result in the NAB business confidence survey did little to curb enthusiasm for the Aussie dollar in Asia yesterday as it held on to intraday support at 0.9050. During the offshore session the AUD momentarily jumped above the 91 cent mark following a rally in the Euro only to pull back to exchange at 0.9050 this morning ahead of the release of Westpac's Consumer Confidence survey.

Microsoft releases biggest patch on record

Microsoft Corp issued its biggest software patch on record on Tuesday to fix a range of security issues in its programs, including the yet to be released Windows 7 operating system.

China's super-rich bounce back from financial crisis

China's super-rich have bounced back from the financial crisis with a vengeance, and China now has more known dollar billionaires than any other country bar the United States, according to a new report released on Tuesday.

Intel quarterly results beat Street

Intel Corp reported higher-than-expected quarterly results and forecast revenue for the current quarter ahead of Wall Street targets on recovering demand for personal computers.

Clinton fails to win specific Russia pledge on Iran

U.S. Secretary of State Hillary Clinton failed to win specific pledges from Moscow on tougher sanctions against Iran during a visit to Russia on Tuesday but hailed progress in other areas such as arms control.

Senate panel endorses healthcare overhaul

A key U.S. Senate committee endorsed a sweeping healthcare overhaul on Tuesday, gaining the support of an influential Republican and delivering President Barack Obama a victory on his top domestic priority.

Microsoft sends biggest patch on record

Microsoft Corp issued its biggest software patch on record on Tuesday to fix a range of security issues in its programs, including the yet-to-be-released Windows 7 operating system.

Walmart.com seeks boost with latest launch

Walmart.com wants to be the first place U.S. consumers go to when making an online purchase, and its announcement on Tuesday that it will sell health and beauty products will help it reach that goal, its chief executive officer said in an interview.

Best Buy, AT&T to offer Nokia netbook

Nokia said on Tuesday that Best Buy would sell its first netbook computer for $299 to customers who sign up for a $60-a-month mobile service plan with AT&T Inc.

Swift, Jackson lead American Music Award nominees

Country ingenue Taylor Swift and dead pop star Michael Jackson led the contenders for the 37th annual American Music Awards, and will both vie for the artist of the year prize, organizers said on Tuesday.

Judge in Bear Stearns trial rejects jurors for bias

Two prospective jurors who wrote comments about wrongdoing and bending the rules on Wall Street were rejected by a U.S. judge on Tuesday for the trial of two former Bear Stearns Cos hedge fund managers on fraud charges.

Wall St weighed down by J&J, bank stocks

U.S. stocks weakened on Tuesday as disappointing sales from Johnson & Johnson stirred jitters about the strength of earnings, threatening to break the S&P 500's six-day winning streak.

Oil rises for 4th day on demand outlook

Crude oil rose to a seven-week high above $74 a barrel on Tuesday after OPEC raised its 2010 demand forecast and the dollar weakened, boosting demand for commodities.

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