Friday, February 25, 2011

Business News - 25 February 2011

  • Our Picks for the Best New Business Gadgets
    Fri, 25 Feb 2011 07:29:00 -0800
    From smartphones to tablets, a look at the hot new tech toys.
  • Coinstar: 2011 Estimates Too High, Sell The Stock, Analyst Says
    Fri, 25 Feb 2011 07:13:08 -0800
    Coinstar (CSTR) shares are taking a licking this morning after J.P. Morgan analyst Paul Coster this morning chopped his rating on the stock to Underweight from Neutral, asserting that consensus EPS estimates for 2011 are too high for the parent of the Redbox video rental kiosk chain.
  • U.S. Stocks Extend Advance After Consumer Confidence Improves
    Fri, 25 Feb 2011 07:06:06 -0800
    U.S. stocks extended gains after a measure of consumer confidence rose more than economists estimated.
  • Salesforce.com Jumps After Revenue Forecast Beats Estimates
    Fri, 25 Feb 2011 07:06:03 -0800
    Salesforce.com Inc. jumped as much as 10 percent in New York trading after its revenue forecast topped analysts’ estimates, lifted by a rebound in corporate hiring and a switch to cloud-computing software.
  • Intrepid Potash Upgraded at RBC Capital Markets
    Fri, 25 Feb 2011 07:05:52 -0800
    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.
  • US stocks sharply higher in early trade
    Fri, 25 Feb 2011 07:05:35 -0800
    US stocks rose sharply on Friday, with S&P 500 Index gaining 10.20 points, or 0.79 percent, to trade at 1,316.41 at 10:00 a.m. EST. The Dow Jones Industrial Average is up 50.94 points, or 0.42 percent, to trade at 12,119.44. The Nasdaq Composite Index rose 1.02 percent to trade at 2,766.08.
  • Consumer Sentiment Index in U.S. Increased to 77.5 in February
    Fri, 25 Feb 2011 07:05:07 -0800
    The Thomson Reuters/University of Michigan final index of consumer sentiment for February climbed to 77.5 from 74.2 the prior month, a report today showed.
  • $99 iPad rival is not quite real, not quite fake
    Fri, 25 Feb 2011 07:04:56 -0800
    There is no working prototype. No video. No proof that it exists.
  • Boeing gets $35 billion Air Force contract
    Fri, 25 Feb 2011 07:03:10 -0800
    The Air Force announced Thursday it awarded a $3.5 billion initial contract to Boeing for the production of 18 next-generation aerial refueling tankers.
  • Consumer sentiment rises to best in 3 years: survey
    Fri, 25 Feb 2011 07:02:39 -0800
    NEW YORK (Reuters) - Consumer sentiment rose to its highest level in three years in February, helped by an improving view of the labor market recovery, a survey released on Friday showed.

  • Three Steps to Start a Mobile Coupon Strategy
    Fri, 25 Feb 2011 07:01:00 -0800
    A solid coupon strategy can attract buyers and help create lasting customer relationships.
  • How to Get Your Product into a Hollywood Movie
    Fri, 25 Feb 2011 07:01:00 -0800
    Small-business owners can win big exposure by securing a product-placement deal.
  • Stocks edge higher as oil prices ease
    Fri, 25 Feb 2011 06:58:47 -0800
    U.S. stocks edged higher at Friday's open, as oil prices backed off its highs and investors mulled over the latest reading on U.S. economic growth.
  • AIG Says Risk Rose on Munis; Defaults May Limit Liquidity
    Fri, 25 Feb 2011 06:58:02 -0800
    American International Group Inc., the bailed-out insurer, said it faces increased risk of losses on its $46.6 billion municipal bond portfolio and that defaults could pressure the company’s liquidity.
  • Google in Privacy Trouble Again For Collecting Kids' Digits
    Fri, 25 Feb 2011 06:57:33 -0800
    Another week, another tech giant getting into privacy trouble. Google has nabbed the "privacy outrage spotlight" this week over its collection of the last four digits of children's social security numbers in an art contest -- Doodle 4 Google. D'oh.
  • UK contraction worse than thought
    Fri, 25 Feb 2011 06:55:49 -0800
    The UK economy shrank by more than first thought in the last quarter of 2010, contracting by 0.6%, revised figures show.
  • US growth estimate revised down
    Fri, 25 Feb 2011 06:55:38 -0800
    The US Department of Commerce unexpectedly cuts its estimate of fourth- quarter growth to 2.8%, from 3.2% previously.
  • Gold near $1,400/oz, supported by Mideast unrest
    Fri, 25 Feb 2011 06:52:22 -0800
    Gold held near $1,400 an ounce in Europe on Friday, supported by interest in the metal as a haven from risk as violence flared in Libya, but struggled to maintain traction as some investors cashed in this week's hefty gains.
  • Saudi raises oil output as Libyan exports disrupted
    Fri, 25 Feb 2011 06:52:18 -0800
    DUBAI/PARIS (Reuters) - Saudi Arabia has raised oil output about 8 percent to above 9 million barrels per day (bpd) to make up for a near halt in Libyan exports, an industry source said, helping...

  • Anglo American Board to Have No Oppenheimer for First Time
    Fri, 25 Feb 2011 06:47:04 -0800
    Anglo American Plc, whose mines made South Africa the continent’s biggest economy, said Nicky Oppenheimer will leave the company, making it the first time a member of the family hasn’t sat on the board since they created the business in 1917.
  • Golfer Ben Crane's Bizarre and Charming Comedy Videos
    Fri, 25 Feb 2011 06:43:32 -0800
    The New York Times golf writer, Larry Dorman, has a piece today on the W.G.C.-Accenture Match Play Championship. In one of the tourney's bigger upsets, Ben Crane, the world's 38th-ranked golfer, destroyed Rory McIlroy, 8 and 7. Crane is primarily known for being one of the most painfully slow players in the game (his pace once drove playing partner Rory Sabbatini to finish out a hole while the deliberate Crane dawdled in the fairway).
  • U.S. Stocks Advance Following GDP Report, Corporate Earnings
    Fri, 25 Feb 2011 06:43:01 -0800
    U.S. stocks rose, trimming the biggest weekly drop in the Standard & Poor’s 500 Index since August, after a report showed the economy excluding inventories grew at the fastest pace since 1998.
  • Rice Surges as Governments Seek to Avoid Food-Price Inflation
    Fri, 25 Feb 2011 06:42:03 -0800
    Rice, the staple food for half the world, rallied from a four-day losing streak as governments boosted stockpiles to curb prices that sparked protests across North Africa and the Middle East.
  • US growth revised lower as state spending cuts bite
    Fri, 25 Feb 2011 06:39:14 -0800
    America's recovery staged a less impressive fourth quarter than first estimated, it emerged today, as spending cuts by local government took the shine off the economy's performance.

  • U.S. asks banks to scrutinize Libya transactions
    Fri, 25 Feb 2011 06:37:57 -0800
    WASHINGTON (Reuters) - The Treasury has told American banks to closely monitor transactions that may be related to unrest in Libya for any possible signs that state assets were being misappropriated.

  • Wall Street advances on oil's retreat
    Fri, 25 Feb 2011 06:36:48 -0800
    NEW YORK (Reuters) - Stocks rose at the open on Friday after a week-long sell-off, as oil prices eased from recent highs.

  • Supply talk eases oil price surge
    Fri, 25 Feb 2011 06:36:25 -0800
    Oil prices retreat after reports suggest Saudi Arabia has increased production to offset shortages caused by unrest in Libya.
  • Economic growth revised sharply lower
    Fri, 25 Feb 2011 06:36:01 -0800
    Budget cuts by state and local governments hurt the economy more than originally thought, according to a government release Friday.
  • Oscar Gets the 'March Madness' Treatment: How Mark Zuckerberg's Sister Helped
    Fri, 25 Feb 2011 06:35:45 -0800
    Each year for more than a decade, the rowdiest party in my house has been on Oscar Sunday. Truthfully, I haven't heard an acceptance speech since this boat wreck, the year before my wife started her annual swearing soiree. Why does it get so out of control? Two factors -- booze and voting. Whoever picks the most winners grabs the trophy, movie passes and bragging rights for a year. It's like wrapping up all of college basketball's March Madness into one night and slapping a Vera Wang on it.
  • Activision-Blizzard Should Buy Take-Two, Analyst Contends
    Fri, 25 Feb 2011 06:30:55 -0800
    Is it time for some consolidation in the video game software business?
  • Friday Science Blog Round-Up
    Fri, 25 Feb 2011 06:30:03 -0800
    The inimitable Mark Chu-Carroll pens an open letter to Glen Beck. Lorrie Luellig at BioIT world disc
  • Google To Grab Social Search Share But Stock Is Too Dear
    Fri, 25 Feb 2011 06:29:44 -0800
    Google, which competes with Microsoft, Yahoo, AOL and Facebook in the search advertising market, has been working to increase its penetration in social networking. It started with Google’s foray into social applications like Google Wave and Buzz, which did not meet initial expectations. Google then made a number of acquisitions for the development of its major upcoming social networking project named Google Me.
  • Boeing shares gain following surprise tanker win
    Fri, 25 Feb 2011 06:23:11 -0800
    CHICAGO (Reuters) - Shares of Boeing Co gained 4 percent in premarket trade on Friday after the company won a $30 billion contract for 179 new U.S. Air Force refueling planes a day earlier.

  • Fourth-quarter growth revised down
    Fri, 25 Feb 2011 06:21:56 -0800
    WASHINGTON (Reuters) - The economy grew slower than initially estimated in the fourth quarter as government spending contracted more sharply and consumer spending was less robust, a government report...

  • UK economy contracts: It's a thin line between recovery and recession
    Fri, 25 Feb 2011 06:15:29 -0800
    The latest update on the state of the economy underlines the precarious state of the recovery.

  • Water bills increase from April
    Fri, 25 Feb 2011 06:12:37 -0800
    Water bills will rise in line with inflation, the industry regulator has announced.

  • Google's YouTube To Offer Subscription Streaming Service?
    Fri, 25 Feb 2011 06:11:29 -0800
    The movie streaming business seems to be getting more crowded by the day. Where once Netflix (NFLX)
  • Windscreen repair firm jobs lost
    Fri, 25 Feb 2011 06:09:43 -0800
    More than 1,000 Auto Windscreens workers in Derbyshire and the West Midlands are to lose their jobs after attempts to find a buyer for the firm failed.
  • UK economy shrank even more than first thought in Q4
    Fri, 25 Feb 2011 06:01:53 -0800
    LONDON (Reuters) - Britain's economy suffered an even sharper slump than expected at the end of last year and would have shrunk slightly even without December's bad weather, official data showed on...

  • Questor plus: Transportation winners
    Fri, 25 Feb 2011 05:54:52 -0800
    Garry White: transportation firms to invest in

  • High Oil Prices, Global Instability: The Nasty Underbelly Of Fed Policy
    Fri, 25 Feb 2011 05:40:51 -0800
    Ben Bernanke, who would probably make a fine high school math teacher, knows nothing about economics
  • Pre-Market NASDAQ Movers (DLIA, OVTI, ACOM, CROX, SVNT, NTRI, MDAS, LLNW, FSLR, HANS)
    Fri, 25 Feb 2011 05:35:50 -0800
    The top pre-market NASDAQ stock market gainers are: dELiA*s, OmniVision Technologies, Ancestry.com, Crocs, and Savient Pharmaceuticals. The top pre-market NASDAQ stock market losers are: NutriSystem, MedAssets, Limelight Networks, First Solar, and Hansen Natural.
  • Traders 'vent their fury' over London Stock Exchange glitch: in quotes
    Fri, 25 Feb 2011 05:32:29 -0800
    What the City was saying as London Stock Exchange opened more than four hours late after a technical glitch halted trading.

  • Google Reportedly Launching YouTube Movie Service in UK
    Fri, 25 Feb 2011 05:31:54 -0800
    Google is planning to launch an unlimited subscription of its YouTube movie service in UK, according to a report from NewYork Post.
  • Pepsi's Push Into Russia Can Juice Up Profits
    Fri, 25 Feb 2011 05:31:43 -0800
    We estimate that Pepsi brand operations constitute about 7% of the company's stock value while Frito

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