Latest US Business News
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Currencies Dollar climbs in Fed’s wake extends gains vs. yen
LOS ANGELES (MarketWatch) -- The U.S. dollar climbed Thursday, building on gains after the U.S. Federal Reserve said it may slow the pace of bond purchases by the end of the ...
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Xbox One Microsoft U-turns on DRM restrictions after gamer outcry
Company responds to global outcry and removes daily online requirements and restrictions to pre-owned sales. Xbox president, Don Mattrick, thanks gamers for "candid ...
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Boot up Microsoft Nokia acquisition talks iPhone passwords security YouTube ad revenues and more
Nokia Corp. about buying its handset business, people familiar with the matter said, as laggards in the fast-moving mobile market struggle to gain ground. The discussions faltered over price and worries about Nokia's slumping market position, among other issues, these people said. One of the people said talks took place as recently as this month but aren't likely to be ...
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Indian rupee hits record low against dollar
Indian rupee continued to fall Thursday, hitting a record low of 59.94 against the greenback in morning trading.The previous record low was recorded on June 11, when the local currency was trading at 58.98 rupees against 1 US dollar. The rupee closed at 58.71/72 for a dollar on Wednesday.The Indian currency has depreciated by more than 6 percent since May 1, due to high current account deficit, ...
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China Panic Overnight Rate Hits 25
I lived and worked in Shanghai and Hong Kong for almost two decades and now write primarily on China, Asia, and nuclear proliferation. I am the author of two Random House books, The Coming Collapse of China and Nuclear Showdown: North Korea Takes On the World. My writings have appeared in The New York Times, The Wall Street Journal, Barron's, Commentary, and The Weekly Standard, among other ...
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Fate of Microsofts tablet OS in question -- again
(Credit: Microsoft) Reports that Windows RT is headed for the dustbin of failed Microsoft operating systems has become a month -- if not weekly -- ritual for Asia-based sources. This time ...
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Southeast Asia e-tailer Lazada raises $100M in funding
(Credit: Lazada) Lazada, an online retail sales business focusing on Southeast Asia, announced Wednesday it has raised another $100 million from investors apparently confident of the region's growth potential. The e-commerce site, which bills itself as the "Amazon of Southeast Asia," was launched in early 2012 by Germany's Rocket Internet, which specializes in ...
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RPT-UPDATE 2-China factory activity hits 9-month low policy action eyed
Thu Jun 20, 2013 2:10am EDT * PMI at 9-month low as new orders drop to 10-month low * Adds to markets nerves post Fed decision * Eyes on central bank action, but property bubble may rule out rate cut By Kevin Yao BEIJING, June 20 (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second ...
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LinkedIn suffers site outage due to DNS issue
(Credit: LinkedIn) LinkedIn is battling a DNS issue that took the business social networking site offline for an hour Wednesday night. The outage, which appears to be over for most of LinkedIn's members, began when the site's homepage was replaced by a domain sales page ...
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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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