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A gold bar carrying the Euro sign is seen during the European Central Bank's Euro Exhibition organised by the Romania's Central Bank in Bucharest

Gold price hovers around record high in Asian trading

Gold held steady Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.

ON Semiconductor Upgraded at Jefferies

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Jefferies & Co. upgraded its rating on shares of ON Semiconductor Corp. (NASDAQ: ONNN) to "buy" from "hold" while maintaining its price target of $9.50.

Nestle ups outlook as price hikes offset higher costs

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The world's biggest food group Nestle raised its full-year outlook on Wednesday after strong demand for its Maggi and Nescafe brands in emerging markets helped it post a forecast-beating 7.5 percent rise in underlying first-half sales.
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Bars of 1000 gram silver are seen in this picture illustration at a precious metal refinery in Istanbul

Silver Wheaton Reports Strong Second Quarter

Low fixed operating costs and rising silver prices lifted the second-quarter results of Canada's Silver Wheaton. CEO Randy Smallwood suggests that within three or four years, depending on confidence or the lack thereof in the U.S. dollar, silver could reach $100 per ounce.
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Logica Upgraded at Jefferies

Jefferies & Co. upgraded its rating on shares of Logica Plc (London: LOG) to "hold" from "underperform", while lowering its price target to 90 pence from 105 pence.
Woman competing in race to end obesity

High Price of Healthy Food Keeping America Fat

Eating enough healthy food to satisfy the government's nutritional guidelines can be prohibitively expensive, with potassium alone adding $380 to the average person's grocery bill, a study found.
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RadiSys Upgraded by Jefferies

Jefferies & Co. upgraded its rating on shares of RadiSys Corp. (NASDAQ: RSYS) to "buy" from "hold" while maintaining its price target of $10.
Apple is expected to launch new iPhone in October

iPhone 4 Price Drops. So What? Give Me an iPhone 5

More clues are piling up in regards to the release date of Apple's highly anticipated iPhone 5 set to hit the markets this fall. The latest news speculate that Target will be offering price drops on the iPhone 4 for five bucks if you trade in an old 3GS model. Customers can also purchase a 16GB iPhone 4 for $170 with a two year contract or go to Radio shack and get an iPhone 4 32GB model for $270.
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Nintendo Slashes 3DS Price

The sluggish sales of Nintendo's new gaming device 3DS pushed the company to make a surprising move to slash the price by $80, or more than 30 percent, possibly losing money for each sale of the device.
Nintendo Pressured to Develop for Apple iPhone

Nintendo 3DS Cuts Price by More than 30 pct

The sluggish sales of Nintendo's new gaming device 3DS pushed the company to make a surprising move to slash the price by $80, or more than 30 percent, possibly losing money for each sale of the device.
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Motorola Hurt by Delays and Price Cut

Investors were expecting Motorola's newest anticipated device, the LTE capable Bionic, to be released August. On top of the Bionic's delays, Motorola is also delaying their newest update of the Xoom tablet. To continue to add insult to injury, Motorola had to cut the price of their current Xoom tablet to $499 from $799 after disappointing sales.
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Chevron profit jumps on strong oil price

Chevron Corp, the second-largest U.S. oil company, reported a 43 percent jump in quarterly profit on Friday, beating Wall Street forecasts as high oil prices and fat refinery margins offset a drop in its oil output.
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Motorola product delays, tablet price to hurt Q3

Motorola Mobility warned that its third-quarter profit would miss expectations due to a long delay of a key smartphone launch and a tablet computer price cut, sending its shares down 4 percent.
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Nintendo Drops Price of 3DS to $170

The 3DS is an upgrade from the DS in Nintendo's long line of handheld video game consoles, but after a disappointing launch, Nintendo has dropped the price to $170 dollars from $250.

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