U.S. Stocks Open Higher
U.S. stocks opened higher on Wednesday, led by energy and financial companies due to higher crude oil prices and increased optimism about technology spending after reassuring comments from Cisco Systems Inc. Fannie Mae, the largest U.S. source of mortgage financing, climbed after Morgan Stanley said earnings may improve next year, pushing financial shares up.
Warner Music Offers DRM-Free Music
Warner Music has signed a deal with media site 7digital.com to offer its music without copy protection.
China says sanctions won't affect its Iran trade
Chinese Foreign Ministry spokesman said on Tuesday that the new round of sanctions imposed on Iran by the U.N. Security Council will not affect China's trade with that country.
China's Coal-to-oil project expects Oil by September
China's coal-to-oil experiments are developing smoothly, according to officials.
China Sticks by its Tough Policies
The Chinese government said on Tuesday that China will not abolish the a series of economic laws and regulations that launched recently, even though these policies mean that foreign investors doing business in China become even more difficult.
India notches Historic Cricket Win
The Men in Blue scripted a fairy tale ending to the Commonwealth Bank tri-series tournament in Australia, by notching a historic win in the second final, Tuesday, in Brisbane - beating the world champion host team by 9 runs.
Apple Sticks to 10 mln iPhones, no Buybacks
Apple reiterated its goals of selling 10 million iPhones by the end of the year in spite of growing concerns of a slowing macro-economy analysts concerns
BSE Sensex continues losing streak, ends down over 300 points
The Sensex, the 30-share prime index of the Bombay Stock Exchange (BSE), took a beating on Tuesday, ending down 338 points on reports that the overseas operations of India's No.2 bank, ICICI Bank, had lost $264.34 million due to its exposure to the subprime crisis.
Study: Cancer Risk Persists in Women Who Quit Hormone Therapy
Menopausal women who took estrogen and progesterone faced a small increased risk for cancer for more than two years after they stopped taking the pills, researchers said on Tuesday.
Cocoa, Sugar Declines as Coffee Continue Rallying
Cocoa declined on Tuesday after rallying for six days on speculations that there will be a supply shortfall.
Google Gears heads for Mobile phones
Google is making Google Gears available on mobile phones, an application programming interface that allows users store Web application data on their handsets.
Soybean Drops on Concern that China will sell Vegetable Oil
Soybeans and soybean oil dropped on Tuesday amid speculations that China will increase sales of vegetable oil from inventories to slow food inflation.
U.S. Crude falls above $3 Ahead as OPEC Plans to Keep Production Unchanged
Oil prices fell above $3 on Tuesday as the Organization of Petroleum Exporting Countries will keep crude output unchanged at its meeting tomorrow.
Gold, platinum Fall as Investors Cash In
Gold futures dropped sharply Tuesday, as traders cashed in recent gains after the metal's surge to a record high in the previous session, while platinum surged close to $2,300 an ounce.
U.S. Stocks Slip on Bernanke Plan
U.S. stocks dropped to an 18-month low on Tuesday , after Federal Reserve Chairman Ben Bernanke urged banks to write down more mortgage debts. Financial shares led indexes to fall while oil and gold dropped from previous records.
Mobile games industry eyes social networking, Nokia
The mobile gaming market suffered an unexpected slump last year, with many game developers and analysts pointing to telecom operators' lack of interest in investing in marketing games.
Blink and you'll miss it: Japan's new eye iPod
When a user winks, movement in their skin is detected by sensors clipped to their glasses or headphones, said Kazuhiro Taniguchi of Osaka University's Graduate School of Engineering Science, who developed the KomeKami Switch or Temple Switch.
Apple Late on Movie Rentals Offer
For the second time in a month, Apple has simply missed the mark. Apple reportedly has failed to meet their goal of having 1,000 titles available on the iTunes Store rental service by the end of February.
Japan Stocks Almost Unchanged
Japan stocks closed Tuesday almost unchanged as investors worried about soaring raw material prices and the U.S. dollar's depreciation.
FTSE Falls on Banks and Oil
The FTSE 100 share index dropped 1.1 per cent on Monday after poor performances by banks and oil companies and worries of a possible U.S. recession. Overall the FTSE 100 dropped 65.7 points down to 5,818.6.
Citigroup May Need More Outside Capital: Dubai
Citigroup, the largest U.S. bank, may need more capital from outside investors despite raising billions of dollars after reporting large write-downs related to bad investments in the U.S. subprime mortgage market, the CEO of Gulf state firm Dubai International Capital LLC said Tuesday, according to a report.
NBC separates digital media responsibilities
NBC Universal said on Monday it expanded the job of three executives and divided the responsibilities held by its previous integrated media president who will return to General Electric.
January Chip Sales Beat Expectations
The three-month moving average of global chip sales came in at $21.49 billion, up 0.03 percent from January 2007 and ahead of expectations according to one research firm.
Students Recieve Free MacBook, and choice of iPhone or iPod
Incoming students at Oklahoma Christian University will receive new Apple Macbook laptops the school said, and also get a choice between a new iPhone or an iPod Touch.
Oil Hits Record near $104 on Dollar Plunge, OPEC Output, and Economic Reports
Crude oil futures rose to another record on Monday on the falling dollar, a decreased chance for an OPEC output hike, and downbeat U.S. manufacturing and spending reports.
Thornburg Rebounds From All-Time Low; Shares Down More than 50 Pct
Shares of jumbo mortgage lender Thornburg Mortgage, Inc. (NYSE: TMA) rebounded slightly after plummeting more than 50 percent on Monday.
Study: TV and Computer Restriction Make Children Thinner
Restricting the amount of time young children spend watching TV and playing computer games can help them shed calories from their diets and lower their risk of becoming obese, U.S. researchers said on Monday.
FX Summary -Mar 3
The dollar continues to struggle across the board amid lingering fears that the economy is headed toward a recession – dragging the currency to a new all-time low against the euro at 1.5275 and a three-year low versus the yen at
T-Mobile Sole Provider of Nokia 6650
T-Mobile International was confirmed on Monday as the sole carrier of Nokia's new 6650 smart phone after a joint announcement from both firms at the CeBIT tradeshow in Hanover, Germany.
Ten-year Treasuries Decline Despite Economic Data
Ten year U.S. Treasuries fell on Monday despite new manufacturing and construction data which reinforces concerns that the Federal Reserve may cut lending costs.
