Latest US Business News
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$1000 genome a mirage
Years of talk about cutting the price of sequencing a human genome to $1,000 has made one prominent genomics guru more than a little cranky. Mick ...
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State Of The Game NVIDIA Talks SHIELD GRID Android And The Future Of Gaming
NVIDIA has been a busy technology bee recently. Its Tegra SoC (System on a Chip) is at the heart of an increasing number of Android-based gaming products, including the Kickstarted OUYA and ...
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Siemens Exits Solar Industry Suffers $1 Billion In Losses
, the industrial conglomerate based in Munich, Germany, is shutting down its solar power division, which has suffered nearly $1 billion in losses over the past two years. In 2009, Siemens paid $418 million for Israel-based Solel Solar Systems, which it put up for sale late last year. The following year, Siemens acquired a significant stake Archimede ...
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China Lending Crisis Not For New Industries Says Premier
Suntech power was the first Chinese corporation to ever default on its debt; this one a $531 million loan. China's solar power industry is running on overcapacity...and running on empty. Industries like this will struggle to get capital and will either merge with others or go out of business. China's Premier Li Keqiang said the government has to be mindful of lending, and where it ...
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Outside the Box Japan becoming the land of the setting sun
SYDNEY (MarketWatch) -- The frenetic activity of the government of Japanese Prime Minister Shinzo Abe has prompted optimism that Japan can reverse its economic ...
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Microsoft Reverses Decision to Impose Restrictions on Used Games for Xbox One
E3: Xbox One to Launch in November for $499 Last week at E3, Microsoft had said it would put restrictions in place to limit the sale of used games for Xbox One. Later that same day, Sony received enthusiastic applause at its press conference when, in previewing its competing PlayStation 4, it said it would instead allow players to lend, trade or resell used disc-based games as they choose. ...
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iPad Mini Retinas display is a moving target Heres why
Apple faces some tough choices when deciding on a display technology for the upcoming iPad Mini. That results in vagaries in suppliers' production ...
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Successor to Optimus G will sport Snapdragon 800 processor
The successor to LG's flagship smartphone Optimus G will be powered by the speedy Qualcomm Snapdragon 800 processor, the companies announced Wednesday ...
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Best Buy recalls MacBook Pro replacement batteries due to burn hazards
(Credit: CNET) After a U.S. government agency received 13 reports of battery fires, including one that caused a "serious burn" to the user's leg, Best Buy has decided to recall thousands of replacement batteries for Apple's MacBook Pro laptops. The U.S. Consumer Product Safety ...
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Federal Reserve boosts outlook as U.S. recovery picks up speed
Traders work on the floor of the New York Stock Exchange as Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks on television, Wednesday, June 19, 2013. (Jin ...
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Bernanke No big interest rate hikes coming soon
Ben Bernanke appeared nervous and took frequent sips of water, but the world's most powerful central banker tried to be loud and clear at a Wednesday news conference: Everybody can relax, because there's almost no way the Federal Reserve is going to crank up interest rates anytime ...
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Anti-Putin Activists Could Face 10 Years In Prison For Protests
Ultra-leftists' leader Sergei Udaltsov speaks during an opposition rally in Moscow, on June 12, 2012. Tens of thousands of protesters chanting 'Russia Will be Free' rallied in Moscow against President Vladimir Putin's third term despite a police crackdown on their leaders a day earlier. (Image credit: AFP/Getty Images via @daylife) Add two more activists to Russian ...
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Some gamers mourn Microsofts Xbox One DRM reversal
IDG News Service - There was a largely euphoric reaction online in the hours after Microsoft reversed its policies for the upcoming Xbox One game console, which had restricted resales of used games and required a constant Internet connection. A ...
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Economic Report China factory activity slowing further in June
LOS ANGELES (MarketWatch) -- China's manufacturing sector was slowing further in June, according to HSBC's preliminary results from its monthly survey, released ...
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Rockmelt launches Android app with enhanced navigation
Android users and not merely a port of an iOS app." So, what are the differences between the social browser's Android and iOS app? A lot. First of all, the Android app is tooled for bigger screens, which means navigation is at the bottom of the screen in portrait mode and on the right in landscape mode. Also, as users scroll through the app, the navigation disappears to show-off more ...
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Federal Reserve policymaking group has power over economy through control of interest rates
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Here is a look at how the FOMC operates. Q: What is the FOMC's primary role? A: Its mission is to keep the economy, inflation and employment on a healthy track. When the economy weakens, Fed policymakers cut interest rates or ...
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Alzheimers compound repairs damaged neurons
Brain cells harmed by Alzheimer's disease can be repaired by a newly invented compound, according to a study led by Sanford-Burnham Medical Research Institute scientists. The compound, called NitroMemantine, is ready for human clinical trials, said Stuart A. Lipton, the Sanford-Burnham scientist who headed the ...
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News Wrap Federal Reserve Paints Brighter Economic Picture
In other news Wednesday, the Federal Reserve estimated unemployment will fall a little faster than expected in 2013 and 2014. Also, the Internal Revenue Service is in the spotlight again, this time for its plans to pay bonuses to employees despite a White House directive to stop those payments under automatic spending ...
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The Federal Reserve maintains monetary stance interest rate rise after 2014 diminished downside risks
The Federal Open Market Committee (FOMC) ended its two-day monetary policy meeting on Wednesday and agreed to keep its benchmark interest rate unchanged at a record low between 0.0% and 0.25%, while the FOMCs statements had not seen any ...
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Philanthropy Still Down But Starting to Creep Up - Five Years After Crash
Once a year, the analysts at the Giving USA Foundation release the results of analysis conducted in partnership with Indiana University showing the basic numbers of American philanthropy - a macro look at giving as an important economic sector. The "annual estimates are based on econometric models using tax data, government estimates for economic indicators and information from other ...
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Microsoft retreats on rules for
The Xbox One will not require a regular Internet connection. Gamers will continue to be able to use, trade, sell or loan their games just as they have been on earlier versions. Those announcements, made Wednesday, represent a reversal for Microsoft on two key decisions about its upcoming Xbox One console that had infuriated many gamers. "Since unveiling our plans for Xbox One, my team ...
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Asia Markets Australia Korea lead Asian stock fall after Fed
HONG KONG (MarketWatch) -- Asian stocks fell Thursday after the Federal Reserve signaled it may gradually wind down its bond purchases if the U.S. economy continued to improve, weighing down shares on Wall ...
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LG to mass-produce flexible displays for smartphones
Looking to get a leg-up in the bendable display market, LG Display is going full throttle ahead with production of the new technology for mobile ...
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Bridgepoint Education seeks to cut staff
San Diego's Bridgepoint Education launched a voluntary buyout program last week to cut staff on the eve of a critical accreditation decision for company-owned Ashford ...
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Illumina ordered to pay $115 million in patent case
SAN DIEGO -; DNA sequencing giant Illumina has been ordered by a federal court to pay Auburn, Wash.-based Syntrix Biosystems $115.1 million in a patent infringement ...
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