Intel Suffers from Decline in PCs Demand
It seems that the PC industry is not recovering from the continuing curse as Intel Corp. informed that the second quarter revenue would slump approximately 8 percent.
Dish Makes Surprising $25bn Offer for Troubled Sprint
Certainly, the Dish Network's rival bid for Sprint Nextel Corp. was a big surprise for SoftBank Corp. which thought that its offer was a safe bet. Everything indicates that we might see a steadily growing escalation of a competition between SoftBank Corp. and Dish Network Corp.
Gold Slides Down with $560 Billion from Central Banks Equities Rally
April 16 was a far cry from previous two years when 'Gold' enjoyed the most-favored-investment status. Not only did the Gold-bubble finally burst, but it also led to bringing the value of central bank reserves down around $560 billion as investors now prefer equities to gold-investments.
Google now Backs Glassware with API for Developers
The dust from Google's Glasses debut a few months back has just settled and Google Inc. has just announced software support to make its ambitious Google Glassware meaningful. In addition, Google has also informed about the release of the developer guidelines for its Glass Mirror API as the first Google Glass units shipping is knocking at the door.
Sun Above Burberry as it Sees 9% Rise in Half-Year Revenue
Burberry Group had good news for investors as it saw not only a significant increase in its fourth quarter revenue, but the luxury goods maker recorded satisfying results for the half year ended March.
South Korea Reveals $15bn Extra Budget to Back Slowing Economy
After much anticipation, South Korea informed that it had prepared a 17.3 trillion won ($15.4 billion) extra budget aimed at spurring its recently fragile economy. Indeed, the Asia's fourth economy has lately witnessed a slowdown in its economy due to the weakness of yen and escalating North Korean threats. All recent initiatives of the South Korean government are designed to boost the country's economy and support its exporters.
Why China’s ‘Population Pagoda’ Could Mean Slower Growth for Australia
China's first quarter GDP grew at 7.7% in the first quarter, according to figures released by China's National Bureau of Statistics. It's a solid, respectable result that would be the envy of any developed nation. But it's a far cry from the 10% plus growth that China achieved from its stimulus efforts in 2009 and 2010.
JCB Notes high profits on demand in Africa and the Middle East
While constructing sector is not in the best shape, UK-based giant JCB Ltd informed that it noted record annuals earnings in 2012. It is not surprising at all that the company trots out its outstanding profits as the global construction sector is indeed going through tough times. The JCB's results were mainly driven by increased demand in regions such as Africa and the Middle East.
TESCO Announces New Plans to Exit US Market
Apparently, the days for Fresh & Easy, TESCO's foray in the US, are numbered; so are the present operations for many of the TESCO's own outlets across the UK and Europe.
China Saddens with its GDP Growth of 7.7%
The latest data on the China's economy saddened analysts as figures showed that GDP growth in the first quarter of the year was lower than initially anticipated. Economists ask themselves whether that means that global expansion is slowing down.
Apple to Pay $53 Million as it Aims to End Service Warranty Issue
If news is to be believed, then the much harried users of legacy iPhone variants and iPod Touch are likely to receive nearly $200 or more as compensation, against Apple's refusal to service their devices despite a valid service warranty. It seems that both parties consumers and the well-known chief of Apple Inc.'s litigation unit, Noreen Krall, have reached an agreement as the legendary US-based tech company is said to pay aggrieved clients as much as $53 million.
Marks & Spencer Surprises with Record Pace of Quarterly Sales in 2 Years
Surprisingly, Marks & Spencer Group Plc released its data on the quarter ended March showing that the company enjoyed the best quarterly sales in two years. However, the UK-based retailer witnessed a discouraging drop in clothing which was, however, offset by an outstanding jump in food sales.
MSNBC Host: Kids Do Not Belong to their Parents; They Are Owned by the Collective
It's bad enough that big government statists are trying to take away your Bill of Rights, hide what goes into your foods, poison you with vaccines, run your healthcare, tax you into poverty, spend the country into oblivion and micromanage virtually every aspect of your life. Now, they think your kids belong to them also.
Reactivating Memories During Sleep
A new study suggests that memories rehearsed, during either sleep or waking, can have an impact on memory consolidation and on what is remembered later.
China’s Credit Boom Krakatoa
Ahh, St Kilda, we're going to miss you. From Monday, Daily Reckoning headquarters moves to salubrious Middle Park. It's a slight shift from the grunge and grime of Fitzroy Street.
Family Travels 6,000 Miles for Father’s Cancer Treatment
When the Aldan family flew home to the Northern Mariana Islands in mid-March, their suitcases were stuffed with mementos of USC — Trojan sweatshirts, plates, umbrellas and just about anything else they could find covered with cardinal and gold.
Mayo Clinic: Cardiopoietic 'Smart' Stem Cells Show Promise in Heart Failure Patients
Translating a Mayo Clinic stem-cell discovery, an international team has demonstrated that therapy with cardiopoietic (cardiogenically-instructed) or "smart" stem cells can improve heart health for people suffering from heart failure. This is the first application in patients of lineage-guided stem cells for targeted regeneration of a failing organ, paving the way to development of next generation regenerative medicine solutions. Results of the clinical trial appear online of the Journal o...
IDC Releases PC’s Death-Note for Q1
International Data Corporation (IDC) issued the findings of its report, showing a staggering 13.9 percent drop in sales in Personal Computer (PCs) in the three-months period ended March on a year-on-year basis.
Tough Times for Toyota as it has to Recall 1.7m Globally
It seems that Toyota Motor Corp. is going through tough times as it will have to recall as many as 1.73 million vehicles globally as it has faced safety issues revolving around airbags. Other Japan's carmakers, including Honda Motor Co., Nissan Motor Co. and Mazda Motor Corp., have announced the same process as their models have also encountered similar problems. But that is not the last of problems for Toyota Motor Corp. as the carmaker is now at war against Ford Motor Co. over the title of ...
Bank of Korea Doesn’t Cut Rates in Spite of Mounting Pressure
Surprisingly, the Bank of Korea did not decide to cut rates as it was widely expected. Neither the mounting political pressure nor increasing North Korean threats were enough to push the central bank of South Korea to change interest rates.
Infosys Disappoints with its Forecast
Infosys Ltd sadly let down markets and analysts with its forecast for the new fiscal year began April. Concurrently, the India's No. 2 services exporter released its data on the fourth quarter showing that its quarterly profit climbed about 3.4 percent. The news was not welcomed by markets as stock prices drastically dropped after the statement.
BRC Sales Report on UK Retail Sales Gives New Hope
News from the British Retail Consortium bodes well for UK retail and designer merchandisers. Struggling in the past few months, the news of 3.7 percent growth in March is certainly promising. The same-store sales climbed by roughly 1.9 percent on a year-on-year basis, but still the figure is encouraging.
Japan’s Newfound ‘Monetary-Easing’ Policy
The Bank of Japan's pledge to invest in long-term bonds in the next two years is seen by many as a 'new phase of monetary easing.' This policy is in continuation of the Japanese Prime Minister's aim to reverse nearly 15 years of deflation.
Cancer Care Rationing Begins in America as Cancer Clinics Turn Away Thousands of Medicare Patients
Federal sequestration measures that came into effect on April 1 are making it impossible for many cancer clinics across the country to administer conventional care to patients, and particularly to those on Medicare.
Nuclear Bombshell: North Korea has Nukes Capable of Striking Neighboring Nations, Says Pentagon
A classified Defense Intelligence Agency report described in testimony on Capitol Hill yesterday reveals that "North Korea now has nuclear weapons capable of delivery by ballistic missiles."
Study Illuminates Biology Behind Promising Therapy for Graft-versus-host Disease
In a study published in the journal Science Translational Medicine, the researchers detail how low doses of the drug interleukin-2 (IL-2) can alleviate chronic graft-versus-host disease (GVHD), a debilitating condition that often occurs in patients who have received a stem cell transplant.
McIlroy Rues 'Silly Mistakes'
World number two Rory McIlroy was left wondering what might have been after carding four bogeys on the back nine to finish the first round of the Masters on even par 72.
ADB: Asia’s Countries to See Weak Recovery but Face Several Risks
According to the newest survey, the Asian Development Bank expects Asia's emerging economies to witness a weak recovery in 2013. However, the Manila-based bank underlined that the expected rebound might be challenged by several risks, including the ongoing crisis in the European Union, the so-called US fiscal shock and the reemergence of the nationalism in Asia itself.
Ford Focus Beats Rivals and Becomes Best-Selling Car in 2012
Newest data showed that the Ford Motor Co.'s Focus model had beaten its rivals in 2012 global car sales. The Focus model became the world's best-selling car due to sharply increasing demand in China. The findings of the survey by R.L. Polk & Co. indicated that three models of Ford Motor Co. were in the world's top six.
Will Japan Provoke the Chinese Dragon?
They don't make them like they used to. Margaret Thatcher died yesterday aged 87. As Prime Minister of Britain from 1979 to 1990 she transformed the British economy and reasserted her country as a major global power. She did this by loosening the State's grip on the British economy, which by the time she took power had degenerated into the 'Winter of Discontent'.