iPad price remark gets Fed's Dudley an earful
Memo to central bankers:Best not to cite the price of the new iPad as an example of why inflation isn't a problem when you head into a working-class neighborhood.
U.S. courts confront China's involvement in price fixing
NEW YORK, March 11 - In a closely watched case that could test the reach of U.S. antitrust law, four Chinese companies face powerful evidence that they colluded to limit production and fix prices of vitamin C in the United States. The evidence is so convincing, in fact, that the defendants have not contested the allegations.
HCA IPO expected to price at $30, oversubscribed
Shares of private equity-backed HCA Holdings Inc, the biggest U.S. for-profit hospital chain, are expected to price at $30 in an oversubscribed initial public offering on Wednesday, sources with direct knowledge of the situation said.
HCA IPO oversubscribed and could price above range
The initial public offering of private equity-backed HCA, the biggest U.S. for-profit hospital chain, is well oversubscribed and could price above the planned range on Wednesday, sources familiar with the situation said.
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Global central banks point to more acute price risks
A spike in food and oil prices has made the threat of inflation more acute, leading central banks said on Monday, but they warned tightening of policy in response will not proceed at the same pace.
U.S. could tap oil reserves as gasoline price surges
The U.S. government reiterated that it could tap its strategic oil reserves in order to safeguard economic growth as surging gasoline prices increase pressure for action.
Wall Street erases weekly gains as oil price weighs
Wall Street erased all of its weekly gains on Friday as fears of more geopolitical turmoil and the impact of high oil prices drove investors to sell risky assets like stocks.
Gold Price Gains for 5th Week vs. Dollar, Buoyed by Liquidity
The Gold Price eased back for Dollar investors on Friday in London, but recovered one third of yesterday's sharp sell-off – and was heading higher for the fifth weekly gain in a row – as official data said US unemployment retreated to 8.9% last month.
Oil could hit $200 if Arab unrest spreads to Saudi Arabia: CEBR
Crude prices will touch $200 a barrel if the Arab revolution spreads to Saudi Arabia, the Centre for Economics and Business Research (CEBR) said on Friday.
Euro, U.S. business gains, price pressure builds
Growth in the service sectors in the United States and Europe hit its highest in five years in February, suggesting economic growth is accelerating though inflationary pressures are building.
Oil reserves give price safety valve: Geithner
Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest triggers an inflationary price spiral, Treasury Secretary Timothy Geithner said on Thursday.
Apple Surprises With Low Price Of iPad 2
One of the surprises that came out of the Apple iPad announcement was the price: $499 minus a wireless plan.
Higher Component Costs Drive Xoom's iPad-Topping Price
Costs for touch screen, memory, and processor to blame for Xoom's price point.
Oil price fuels Wall Street selling
Concerns that rising oil prices could hurt economic recovery prompted investors on Tuesday to sell stocks and hedge against further declines.
U.S. February auto sales jump despite gas price spike
U.S. auto sales rose more than 20 percent in February as the lure of discounts from automakers led by General Motors Co outweighed concerns about higher oil prices.
Eurozone manufacturing PMI at near 11-year high
Manufacturing activity in the eurozone accelerated to a near 11-year high in February but input costs continued to rise, signaling inflationary pressures in the region.
University of California scientist puts a price tag on planet Earth
Greg Laughlin, an astrophysicist from the University of California at Santa Cruz has evolved a formula to come up with a monetary valuation for planets in the Universe, according to which planet Earth is the most expensive at 3000 trillion pounds, or almost $5000 trillion!
Eurozone inflation lower than initially estimated
Inflation in the eurozone was lower than initially estimated in January, but it still remained above the European Central Bank’s (ECB) target.
Brent oil jumps more than $1 to near $114 on Libya
London crude prices extended gains by more than $1 to near $114 a barrel in electronic trade on Monday, as worries over the worsening situation in Libya fed spreading unrest in the Middle East and stoked fears of a disruption of oil flows in the region.
China's Wen says price rises threaten social stability
Rapid price rises in China have affected social stability, Chinese Premier Wen Jiabao said on Sunday, telling citizens that taming inflation is a government priority that he is sure can be met.
China's Premier Wen says price rises affecting social stability
Rapid price rises in China have affected social stability, Chinese Premier Wen Jiabao said on Sunday, adding that controlling inflation is a top government priority.
Fed officials play down oil price risks
The Federal Reserve would react to higher oil prices only if the increases spilled over into broader areas, officials of the U.S. central bank said on Friday, with one policy maker calling the risks manageable.
S.Africa petrol price to rise 4.8 pct next week
South African petrol pump prices in the main inland commercial region will increase by 43 cents a litre, or 4.8 percent, from March 2, the government said on Friday.
Fed's Lacker says oil price risks manageable
Oil price gains to date do not pose a risk to the U.S. economy but they could prove nettlesome if they jump a lot higher or create an inflationary psychology, Richmond Federal Reserve Bank President Jeffrey Lacker said on Friday.
Intrepid Potash Upgraded at RBC Capital Markets
RBC Capital Markets upgraded its rating on shares of Intrepid Potash, Inc. to outperform from sector perform and increased its price target to $44 from $38, on higher potash price forecast.
Procter & Gamble to raise prices as costs increase
Procter & Gamble Co will raise some prices as it absorbs higher commodity costs and its sales goal may be under pressure if business does not improve in the United States and other developed markets, Chief Financial Officer Jon Moeller said.
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