- Asian shares lifted by Wall Street records
- Tue, 03 Mar 2015 00:15:47 -0500 -
Most Asian stock markets edged higher on Tuesday, bolstered by another record day on Wall Street, while a resurgent yen helped knock the U.S. dollar index off an 11-year high. The Australian dollar jumped after the Reserve Bank of Australia held policy steady, confounding investors who had bet it would deliver a back-to-back interest rate cut instead of holding off for a few months to gauge how the economy digested last month's cut. MSCI's broadest index of Asia-Pacific shares outside Japan added about 0.1 percent, while Japan's Nikkei stock average erased early gains and slipped about 0.3 percent after the yen rebounded from a three-week low against the greenback touched earlier in the session. On Wall Street on Monday, the Dow Jones industrial average and the S&P 500 both posted fresh record closing highs, while the Nasdaq Composite broke 5,000 for the first time in 15 years.
- Weak U.S. consumer spending points to slower first-quarter growth
- Mon, 02 Mar 2015 14:02:31 -0500 -
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. Other data on Monday showed factory activity slowed in February and construction spending declined sharply in January, adding to signs that economic growth moderated early in the first quarter. All the gas savings are ending up at the bank rather than being spent," Thomas Costerg, an economist at Standard Chartered Bank in New York. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, slipped 0.2 percent after falling 0.3 percent in December. The January dip reflected lower gasoline prices, which weighed on sales receipts at service stations, as well as drop in purchases of big-ticket items.
- Brent crude up $1 to over $60.50 as global markets firm
- Tue, 03 Mar 2015 01:46:58 -0500 -
By Henning Gloystein SINGAPORE (Reuters) - Brent crude oil prices rose more than a dollar to above $60.50 a barrel on Tuesday, tracking firmer Asian markets, but analysts warned the market remained oversupplied. Most Asian stock markets edged up on Tuesday, bolstered by a record day on Wall Street, while a resurgent yen helped knock the U.S. dollar index off an 11-year high, making commodities priced in the greenback slightly cheaper for holders of other currencies. A drop in U.S. rig counts is also boosting oil prices, analysts said. "Brent crude prices (are) attempting to rally on rapid week-on-week reduction in U.S. ... rig count," Morgan Stanley said on in a note on Tuesday.
- What would the Dow look like if it included Apple?
- Mon, 02 Mar 2015 10:29:43 -0500 -
By Rodrigo Campos and Chuck Mikolajczak NEW YORK (Reuters) - It may be by far the most valuable American company but Apple Inc still can’t get into at least one exclusive club – the 30-member Dow Jones Industrial Average. It is, though, hurting those who tie their investments to the performance of the venerable Dow, which was first calculated in 1896 and is still probably the best-known stock index in the world. Since Apple split its shares seven-for-one last June 6, it’s delivered investors a gain of more than 43 percent including dividend payments, and that has contributed almost one third of the Nasdaq 100’s return of 18.6 percent, according to ETF.com. By comparison, the Dow’s total return has been only 8.97 percent over that period, and it has also underperformed the S&P500 – which does include Apple – and has a 9.56 percent return. Had Apple been substituted for 29 of the 30 Dow components last June, the index would have been higher.
- Connecticut launches probe into Lenovo use of Superfish software
- Mon, 02 Mar 2015 17:36:06 -0500 -
Connecticut Attorney General George Jepsen's office said on Monday it has launched an investigation into Lenovo Group Ltd's sales of laptops pre-loaded with Superfish software, which the U.S. government last month warned made users vulnerable to cyber attacks. The office said that Jepsen last week sent letters to Lenovo, the world's biggest personal computer maker, and privately held software maker Superfish asking them to provide information, including contracts and emails that discuss their partnership. Reports that the pre-loaded software tracks users' web searching and browsing for advertising purposes are "alarming revelations" that suggest Lenovo may have "seriously undermined computer users' online security and privacy," Jepsen said in his Feb. 27 letter to Lenovo. A Lenovo spokesman said the company has seen Jepsen's letter "and will cooperate in responding to the query." Superfish has not yet received the letter but expects to cooperate fully with the investigation, according to an email from a spokeswoman.
- United Airlines sees potential fit for Boeing 777-300ER, not yet 777X
- Mon, 02 Mar 2015 23:18:47 -0500 -
(Reuters) - United Airlines has no immediate interest in purchasing 777X aircraft from Boeing Co but views the plane's predecessor, the 777-300ER, as a potentially good fit for its network, the carrier's Chief Financial Officer, John Rainey, told Reuters in an interview Monday. While Rainey has said the 777-300ER interests United, he noted Monday that the aircraft could be a quick fix in markets where United needs additional seats to satisfy demand so customers are not forced to book on United's competitors. United currently is considering whether to swap Boeing 787 Dreamliners it has on order for its first 777-300ER aircraft, which can fit more seats. The swap would be a victory for Boeing, which has long insisted it can sell the 100 777-300ERs it plans to produce annually before it shifts toward building the 777X, starting in 2017.
- IBM shareholder sues company, alleging it overvalued chip unit
- Mon, 02 Mar 2015 17:38:36 -0500 -
By Jonathan Stempel NEW YORK (Reuters) - IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands. The lawsuit filed in Manhattan federal court arose from IBM's announcement last Oct. 20 that it would sell the unit to GlobalFoundries Inc, and take a related $4.7 billion pre-tax charge. Warren Buffett's Berkshire Hathaway Inc is among IBM's largest shareholders. According to the complaint, IBM inflated its stock price before selling the semiconductor unit by carrying the unit's property, plant and equipment assets on its books at $2.4 billion, when it should have known the assets were worthless.
- Apple, Google poaching settlement appears headed for approval
- Mon, 02 Mar 2015 18:21:51 -0500 -
A U.S. judge on Monday seemed satisfied with a proposed $415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down salaries. U.S. District Judge Lucy Koh in San Jose, California, had previously rejected an earlier $324 million deal as too low. During a hearing on Monday, Koh raised no objections about the size of the settlement as she had at an earlier court session. "We are pleased court indicated she was going to approve the settlement," Kelly Dermody, an attorney for the workers, said after the hearing.
- Former HP chairman admits 'mistake' in sexism trial
- Mon, 02 Mar 2015 22:18:43 -0500 -
By Sarah McBride and Dan Levine SAN FRANCISCO (Reuters) - Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm, and that he feared for the woman's safety. Lane, who previously served as executive chairman of Hewlett-Packard Co and president of Oracle Corp , told the court he erred in not immediately informing others that Trae Vassallo told him about unwanted advances by her colleague, Ajit Nazre, during a 2011 business trip.
- Standard Chartered to shrink bonus pool by 9 percent: Sky News
- Mon, 02 Mar 2015 17:33:16 -0500 -
(Reuters) - Standard Chartered bank will shrink its bonus pool for 2014 by about 9 percent to around 715 million pounds ($1.1 billion), Sky News reported late on Monday, citing a person familiar with the matter.
- US stock market wavers in early trading
- Thu, 13 Jun 2013 10:37:24 -0400 -
NEW YORK (AP) — A pair of better economic reports helped nudge the U.S. stock market up in early trading Thursday, even as global markets headed lower.
- General strike shuts down services across Greece
- Wed, 06 Nov 2013 08:55:42 -0500 -
ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.
- Unemployment rates fall in two-thirds of US states
- Fri, 18 May 2012 11:34:11 -0400 - Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
- US stocks edge higher in afternoon trading
- Thu, 22 May 2014 15:04:30 -0400 -
Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.
- US stocks edge higher in midday trading
- Thu, 22 May 2014 12:33:25 -0400 -
Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.
- US stocks are mixed in early trading
- Thu, 30 Oct 2014 09:40:57 -0400 -
NEW YORK (AP) — U.S. stocks are opening mixed as investors look over more earnings reports from big companies.
- Google OKs pre-installing Waze on Android devices
- Tue, 03 Mar 2015 01:55:00 -0500 - Next time you buy an Android phone, you just might find Waze among its pre-installed apps. See, it's now part of Google Mobile Services, or what you call the list of Android apps that manufacturers and ...
- Carrying too many credit cards? There's a card for that
- Tue, 03 Mar 2015 01:14:45 -0500 -
Technically Incorrect: The Stratos Card is a new so-called connected card that claims to be a fine solution to wallet overcrowding. But who will pay $95 for it?>
- Cuts to Australian R&D tax offset voted down by Senate
- Tue, 03 Mar 2015 01:02:11 -0500 -
A proposal by the government to cut Australia's R&D tax offset rate by 1.5 percent has been defeated in the Senate, with the Labor opposition calling the move a win for innovation among local small and medium-sized enterprises.
- Facebook 'wants to help' telcos facing woes due to Facebook
- Tue, 03 Mar 2015 00:31:34 -0500 -
Unapologetic about undercutting traditional telco revenues in SMS and voice with Facebook Messenger, CEO Mark Zuckerberg has said that Facebook can help mobile companies drive up revenue through increased data usage.
- Retained data set and breach notification set to become law
- Tue, 03 Mar 2015 00:02:00 -0500 -
The Australian government is taking on all 39 recommendations made by the parliamentary committee reviewing its controversial data-retention Bill.
- Google Street View cameras zip through (and over) the Amazon
- Mon, 02 Mar 2015 23:43:00 -0500 - Google already has some odd ways of getting its Street View cameras into hard-to-reach places, but its latest effort might just take the cake. The search firm has posted panoramic imagery of the Amazon ...
- New Chinese regulation hits online lottery sellers Alibaba, Tencent
- Mon, 02 Mar 2015 23:19:00 -0500 -
Major lottery sellers have stopped all online business in China, with company stock prices dropping by up to 40 percent, the Chinese media has reported.
- Tomorrow Daily 137: HTC Vive, playing music with mold, 3D-printed snacks and more
- Mon, 02 Mar 2015 23:14:08 -0500 -
On today's show, Ashley and Producer Logan discuss HTC's new VR headset, listen to a pianist play music with a fungus, and debate the merits of a 3D-printed snack that grows its own organic filling.>
- Netflix plots summer release dates for 'Sense8', OITNB and more
- Mon, 02 Mar 2015 22:47:00 -0500 -
- Rhapsody in Mew: The music scientifically composed for kitties
- Mon, 02 Mar 2015 22:44:36 -0500 -
Scientists have developed a trio of tunes specifically designed to appeal to feline ears, to inspire interest or calmness.>
- Yahoo marks 20th birthday with world yodeling record
- Mon, 02 Mar 2015 22:12:13 -0500 - The yodeling of 3,400 amateur yodelers sounds exactly like you think it would.>
- Google won't force Android encryption by default
- Mon, 02 Mar 2015 21:37:00 -0500 - Not too long ago, Mountain View was trumpeting that new gadgets with Lollipop would have encryption turned on by default, but, as Ars Technica reports, that isn't the case. The Nexus 6 handset and Nexus ...
- Australian businesses on a path to adopting big data: EMC
- Mon, 02 Mar 2015 21:27:16 -0500 -
EMC's Chad Sakac said that while there is a universal understanding that big data has its benefits, Australian companies are still working on how to take full advantage of it.
- Australian lawmakers can't use phones, will vote on data retention
- Mon, 02 Mar 2015 21:11:14 -0500 -
If MPs can't even be bothered to learn about the work tools they use every day, what hope is there for intelligent debate on mandatory data retention?
- We're live at the 2015 Game Developers Conference in San Francisco!
- Mon, 02 Mar 2015 21:00:00 -0500 -
- Judge appears poised to approve Apple, Google anti-poaching settlement
- Mon, 02 Mar 2015 20:33:01 -0500 -
Judge Lucy Koh in August rejected the companies' initial $324.5 million offer to settle the case accusing four Silicon Valley giants of conspiring to stay away from each other's employees.>
- Xiaomi launches GoPro rival with a jaw-dropping price tag
- Mon, 02 Mar 2015 20:15:08 -0500 -
Xiaomi launches the Yi Action Camera with a spec sheet to match GoPro's entry-level camera and two-digit price tag.>
- World of Warcraft's WoW Token allows trading gold for game time
- Mon, 02 Mar 2015 20:14:08 -0500 -
Blizzard will introduce tokens to World of Warcraft that players can use to buy in-game gold with real money, and game time with in-game gold.>
- Daily Roundup: MWC 2015 so far, Google+ splits up and more!
- Mon, 02 Mar 2015 20:10:00 -0500 - Mobile World Congress kicks off in Barcelona today and there's already been a number of big announcements. Get the latest details about the new phones from Samsung, HTC and Lenovo. In other news, Google+ ...
- John Oliver mocks Verizon, celebrates Net neutrality decision
- Mon, 02 Mar 2015 19:55:46 -0500 -
Technically Incorrect: After persuading people to offer input on the agency's proposed rules -- which crashed the FCC website's comment system -- the comedian crows a little over last week's ruling.>
- 'Mortal Kombat X' for mobile rewards your victories with konsole kred
- Mon, 02 Mar 2015 19:46:00 -0500 - After a lengthy hiatus, Mortal Kombat is coming back to the mobile world -- and it's giving you a few extra incentives to brutalize fighters while you're waiting for the bus. Mortal Kombat X will reach ...
- TIE Interceptor drone is the meanest starfighter in the galaxy
- Mon, 02 Mar 2015 19:35:03 -0500 -
The guy who built the Millennium Falcon drone is back with another "Star Wars"-themed drone creation. If you see this TIE Interceptor drone coming your way, you'd better hope your hyperdrive is operational.>
- Ad breaches cost iiNet AU$200,000 fine
- Mon, 02 Mar 2015 19:24:00 -0500 -
The ACCC's focus on targeting misleading advertising has claimed another scalp, with iiNet joining Telstra in the consumer watchdog's bad books.
- On Yahoo's 20th anniversary CEO Mayer counts her achievements
- Mon, 02 Mar 2015 19:20:00 -0500 -
Yahoo's recalcitrant CEO Marissa Mayer grants an exclusive interview...