Billionaire snapped up shares of Sino-Forest right up to trade halt
August 31st, 2011
Most interesting finance and busines news.
U.S. stock futures are rising after the damage from Tropical Storm Irene wound up being less than many analysts had anticipated.
The storm ripped through the East Coast and caused widespread flooding. Millions were without power. However a consulting firm predicted that insured damages would range between $2 billion and $3 billion, lower than initially estimated.
Insurer […]
Filed under: finance, technology by Guru
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More than 630,000 homes and businesses lost power Saturday as Hurricane Irene slammed into the East Coast.
Winds of up to 115 miles per hour whipped across the Eastern Seaboard, ripping power lines from poles and snapping trees in half. Hospitals, emergency call centers and other crucial facilities were holding up, but officials said it could […]
A surge in demand for autos and aircraft drove orders for long-lasting manufactured goods higher in July, easing fears that the economy might be on the verge of another recession.
The rebound in the auto industry helped offset a decline in orders for most other factory goods.
Stocks rose after the better-than-expected report showed the biggest increase […]
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Telecommunications companies in 16 states will share more than $103 million in federal funding to help expand broadband Internet access to those areas of rural America that haven’t been reached by the high-speed service or are underserved, the U.S. Department of Agriculture announced Monday.
Policymakers, public interest groups and telecom companies are seeking to bridge the […]
Filed under: Canada, technology by Guru
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The scariest thing about the recent stock market selloff has been the way investors are treating the major U.S. banks.
Shares of Bank of America and Citigroup have lost almost a third of their value in the past month, falling twice as much as the broad market averages. Wells Fargo, US Bancorp and PNC Financial Services […]
Technology giant Apple Inc., which briefly surpassed Exxon Mobile Corp. this month as the world most valuable company, is now worth nearly as much as the 32 biggest euro zone banks combined.
That follows recent news reports that Apple Computers had more cash in the bank on a late July day ($76 billion) than the U.S. […]
Gross domestic product, the labour market, industrial production, housing starts
Filed under: money, technology by Guru
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Wal-Mart Stores Inc. says its second-quarter profit rose 5.7 percent, fueled by strong international sales and expense cutting. But the world’s largest retailer still wasn’t able to reverse a two-year U.S. sales slump.
The company raised its annual profit outlook.
The retailer says it earned $3.8 billion, or $1.09 per share, in the three months ended July […]
Filed under: management, markets by Guru
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