Markets: What Happened Last Week, What to Look for This Week
Belgium and Hungary were downgraded late in the week, fueling more fire to the already credit-sensitive region.
U.S. Drug Shortage: Small Vendors Object to Report Calling Them 'Price Gougers'
Secondary pharmaceutical distributors say a major report that accused them of price gouging -- and as a result, worsening the current U.S. drug shortage -- used exaggerated figures to imply so-called 'gray market' vendors charge exorbitant prices for their products.
A New Yorker's Opinion: Can America's Decline, and Declining Job-Base, Be Reversed?
I had just been chatting, over a ridiculously expensive turkey sandwich that Monday (right before Thanksgiving, what was I thinking?), about the declining fortunes of the once-great American Empire. But enough, for the moment, about me, first let's see what Columbia's Herbert J. Gans, emeritus professor of sociology, had to say about superfluous jobs in his recent New York Times Op-Ed piece--and whether what he astutely observed could lead, within the century, to the breakup of th...
European Bond Yields May Keep U.S. Stock Prices Spellbound Next Week
U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one because, otherwise, market losses could have been larger.
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Gold Tumbles but Rebounds to Near Starting Price
Gold prices fell Wednesday as investors sold the metal to raise cash but bargain hunting and short covering pared the losses so the yellow metal ended the session just shy of its opening price.
S.Africa stocks hit month low on China data
Johannesburg stocks fell to their lowest close in a month on Wednesday, as weak Chinese factory data sparked concerns about demand from the world's second-largest economy, hitting miner Assore and luxury good maker Richemont.
Durable Goods Orders Ex-Transportation up in October
New orders for a range of long-lasting U.S. manufactured goods unexpectedly rose in October, but sharp downward revisions to the prior month's data and weak spending plans by businesses suggested manufacturing was taking a breather.
Stock Futures Point to More Losses on Global Concerns
Stock index futures were lower on Wednesday as worries over Europe once again weighed on investor sentiment, putting the S&P 500 on track for a sixth day of losses.
U.S. Stock Futures Signal Weaker Open for Equities
Stock index futures pointed to a weaker open for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.5 to 0.8 percent.
Global Stocks Hit 6-Week Low
World stocks hit their lowest in six weeks on Wednesday and crude prices fell after and manufacturing in regional heavyweight Germany contracted for a second straight month in November, and at a faster rate, as export demand slumped.
Stock Futures Extend Losses after Weak China Flash PMI
S&P stock futures extended losses to more than 1 percent after a key gauge of Chinese manufacturing activity slumped to its weakest level in nearly three years.
China Factory Activity Slumps to 32-Month Low
Chinese factories battled with their weakest activity in 32 months in November, a preliminary purchasing managers' survey showed, reviving worries that China may be skidding toward an economic hard landing and compounding global recession fears.
Amazon Wireless Selling All Verizon, AT&T, Sprint Phones for a Penny
Black Friday news: Amazon has just expanded its smartphones-for-a-penny deal to include all non-iPhone products. Find out details on the Black Friday 2011 sale, the contract catch for buying from Verizon, AT&T and Sprint, and what products will sell fastest as Amazon extends it phone deal into Cyber Monday. Click and buy before all the smartphones are gone!
China Considers Its Own Case Against U.S. Polysilicon Exports Following Dumping Complaint
In less than a week from now, commissioners with the U.S. International Trade Commission will be one step closer to making a decision on SolarWorld Industries America's trade dispute against Chinese dumping of solar cells.
Sharp Gaining Share in Apple's Supply Chain for Future Products
Jefferies believes based on channel checks and its recent visit to Japan that Sharp is taking share in Apple Inc.'s (NASDAQ: AAPL) iPad 3, iPhone 5 LTE, and iTV displays.
Gregory Papalexis, Sabrett Hot Dog CEO Dies at 86
Gregory Papalexis, owner of Sabrett hot dogs, has died has died at the age of 86 in his New Jersey.
Analysis: Ontario deficit targets at risk as outlook dims
A worsening economy will hurt Ontario's chances of meeting already long-term plans to balance its budget as it prepares for a fiscal update on Wednesday.
Regeneron's Eylea OK'd in U.S. for Treating Wet Age-Related Macular Degeneration
Regeneron Pharmaceuticals Inc.'s Eylea (aflibercept) has been approved for marketing by the U.S. Food and Drug Administration in the treatment of wet age-related macular degeneration.
Look Out Apple iPhone, Amazon May Produce Smartphone
A top tech analyst is predicting that Amazon is likely to release its own smartphone for under $200 next year. Citigroup analyst Mark Mahaney said in a research note that Amazon may sell the smartphone for as little as $170. Citing supply-chain channel checks in Asia, he said Amazon may release its first-ever smartphone by the fourth quarter of 2012.
Amazon Kindle Fire: Sold at a Loss, 'People's Tablet' Isn't a Paragon of Versatility
Because the Amazon Kindle Fire's low price of $199 makes it more accessible than its competitors, ZDNet's Jason Perlow called it the People's Tablet. But early experiences indicate the tablet, available for sale in stores such as Best Buy this week, is not all that great as a reader.
Amazon Nearly Breaks Even on Fire's Cost: iSuppli
Amazon.com Inc almost breaks even on every Kindle Fire tablet it makes and sells, IHS iSuppli estimated on Friday, underscoring the aggressiveness with which it tried to rein in the cost of a device that spearheads its foray into the tablet market.
Dubai Diversifies With Push Into Diamonds
The United Arab Emirates, the world's fourth-largest oil exporter and home to gold trading hub Dubai, is rapidly becoming a force in trade of another highly valuable commodity: diamonds.
Amazon’s Cost for Kindle Fire Lowered to $202: iSuppli
Engineers at IHSiSuppi originally tore down a Kindle Fire and estimated the total cost to build it was $209.63. Now they’ve lowered the cost about 4 percent, to $201.70.
Honda to start manufacturing CR-Vs in Canada
Honda Motor Co's Canadian unit will start manufacturing its CR-V compact sport-utility vehicle in Canada early next year, Japan's No. 3 automaker said on Thursday.
GE Plans to Hire 400 Software Engineers for California Center in $1 Billion Expansion
General Electric, the biggest U.S. conglomerate, announced plans to hire as many as 400 more software engineers for a new global center in San Ramon, Calif. The company said it plans to spend as much as $1 billion on software development through 2015.
AMD Fires 12%: What Went Wrong
Advanced Micro Devices, Inc. (AMD) announced the company's plan to lay off 1,400 workers as part of the company's strategy to cut costs. This means that AMD would cut down at least 10% of the firm's global workforce.
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