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Mortgage applications bounced last week: MBA

A real estate for sale sign is displayed outside a home in Chandler Heights, Arizona
Applications for home mortgages rose last week, recouping some of the steep decline a week before as demand for both purchases and refinancing perked up, an industry group said on Wednesday.
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Logos of Orange are seen in front of an Orange France Telecom shop in Nice, southern France

Hutchison 3G Interested in Orange Austria: Source

Hutchison 3G, the mobile phone operator of Hutchison Whampoa, is in talks to buy the Austrian assets of France Telecom's Orange, a banking source said on Tuesday, as part of its efforts to expand its footprint overseas.
Nike shoes on display.

Athletic Footwear Stocks, Juiced by Lightweight Running Shoe Trend, Are Sprinting Into New Records

After spending a summer sidelined by fears of an exhausted consumer and nearly stopped dead on their tracks by the market correction of early August, the stocks of athletic shoe and apparel makers (and the specialty retailers that put those products in consumer’s hands) have been sprinting into marathon season, outperforming the wider footwear and apparel sectors and setting one or two all-time records along the way.
To match Special Report BANKS/UBS

UBS Salvages 3Q Profit with One-Off Gain

Swiss bank UBS AG overcame a 1.8 billion Swiss franc ($2 billion) rogue trading loss to post a smaller than forecast fall in third quarter net profit on Tuesday, salvaged by a one-off accounting gain.
Steve Jobs

'Celebrating Steve Jobs': As Biography Released, Apple Posts Memorial Service [VIDEO]

Here, watch the full video from Apple's Celebrating Steve, a Oct. 19 private memorial service for Steve Jobs. Jobs, who died at 56 from pancreatic cancer. Jobs was honored by Al Gore, Tim Cook and Bill Gates, and musicians Joan Baez, Bono and Coldplay. The video also shares personal reminiscences of the Apple CEO, and the reactions of those who gathered to bid the Apple co-founder one final good-bye.
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FedEx Plans to Hire 20,000 New Workers for Holidays

FedEx announced on Monday, that it will hire about 20,000 new seasonal workers for the holidays, compared to just 17,000 last year. This increase will surely help some unemployed Americans, at least during the holiday season.
IMF could buy Spanish, Italian paper alongside EFSF

IMF positive on Ghana outlook but warns on finances

The International Monetary Fund hailed the medium-term outlook for Ghana's oil-fueled economy as positive on Monday, but warned it would have to rein in public finances to keep the public deficit under control.
Children Goes Trick or Treat

A Treat For Retailers As Consumers Fall For Halloween Tricks

The National Retail Federation (NRF) has spelt ghoulish Halloween spending this year in its’ 2011 Halloween Consumer Intentions and Actions Survey. Overall, 2011 will see Americans spend about $6.86 billion on Halloween, according to the survey. The latest survey therefore could spell kudos for the food Industry and the retail sector in their ingenuity in marketing “Halloween” since its official inception in the 1920s. 40 years on, retail shelves scramble for volumes to spook us even before th...
Tata Motors sales up 31 pct in December

Tata, Woolworths End 5-Year Partnership - Report

Tata Group has not renewed a five-year agreement with Australia's largest retailer Woolworths for retailing consumer electronics in India, the Economic Times reported on Monday, quoting unnamed persons close to the development.

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