Archive for the ‘Business’ Category

Shares of Google fall in figurative trading

Shares of Google fall in figurative trading

The shares of Google fell in figurative trading on Thursday after the company posted revenue that missed the anticipations of Wall Street for the first quarter. This was the preliminary reporting period for Google since it named a new Chief Executive Officer. According to a report of the Internet advertising giant, Google’s income was $8.08 [...]

Gold to Increase Further Due to Lack of Investment Alternatives

Gold to Increase Further Due to Lack of Investment Alternatives

Analysts said Thursday that the price of gold may still rise further due to lack of investment alternatives and continued inflation rate hike. According to reports, spot gold climbed $8.69 to $1,463.30 an ounce Thursday at a global electronic trading in Singapore as technical buying accelerated after prices breached Wednesday’s intraday high. An analyst at [...]

Oil Price Drops as Japan Warns of Further Setback on Economic Growth

Oil Price Drops as Japan Warns of Further Setback on Economic Growth

Analysts said Tuesday that oil suffered from its two-day loss after Japan warned that damage caused by March 11 earthquake posed greater threat on world’s third largest economy. According to reports, this recent statement from Japan’s economic minister alarmed the global market, thus causing major concerns about the strength of global growth. The price of [...]

US Investigates A380 Air France, Delta Comair Flight Collision

US Investigates A380 Air France, Delta Comair Flight Collision

US investigators are currently scrutinizing the real cause why an Air France SAS A380 superjumbo jet bumped into Delta’s Comair Flight 6293 late Monday. According to Federal Aviation Administration, the accident occurred at a taxiway intersection after the regional jet landed and as the A380 prepared for takeoff. Authorities believed that the Comair pilot who [...]

FDA Committee approves sunitinib to treat pNET

FDA Committee approves sunitinib to treat pNET

The Committee of Oncologic Drugs Advisory of the Food and Drug Administration (FDA) approved sunitinib to cure advanced pancreatic neuroendocrine tumors (pNET). Earlier in the day, the advisory panel of outside cancer specialists recommended the FDA to approve a different medicine, everolimus, to cur e the same unusual illness. People with pNET have few options [...]

Soybean importers in China likely to withdraw deliveries

Soybean importers in China likely to withdraw deliveries

Importers of soybean in China are expected to withdraw some of their deliveries of the product as soymeal costs decline. China is the leading importer of soybean around the world, thus any sign that the Asian country is slashing imports can pressure the global costs. The futures of soybean for May shipment declined 1.5 percent [...]

Oil declines 3% after 32 months high

Oil declines 3% after 32 months high

Oil fell for almost three percent on Monday, declining from 32 months high as alarms that increasing prices of fuel weaken the demand. In early commotion, Brent crude prolonged its rally to peak $127 per barrel and the U.S. crude reached $113 per barrel because of continuing concerns with regard to conflict in Libya. When [...]

US Stocks Slightly Increase due to Disruption of Electronics Delivery

US Stocks Slightly Increase due to Disruption of Electronics Delivery

Reports said Monday that US stocks futures gained as little as 0.1 percent due to problems such as disruption of electronics delivery, following Japan’s recent disaster. Standard & Poor 500 Index futures for June delivery slightly increased by 0.1 percent to settle at 1,325.3 in London trading session early Monday, while Dow Jones Industrial Average [...]

Retail stores reported 1.7 sales increase

Retail stores reported 1.7 sales increase

Retail stores reported a surprisingly sales increase of 1.7 percent last March in spite of the increasing prices of gas, high rate of unemployment and a later Easter. Experts said that  they were amazed to see an increase as they are expecting a 0.7 percent drop in retail sales. People hit the malls last month [...]

Portugal becomes 3rd country to appeal to EU for bailout

Portugal becomes 3rd country to appeal to EU for bailout

Last night, Portugal became the third country in the European Union (EU) to officially appeal for an emergency bailout that can cost Britain £4.4 billion, or almost $7.2 billion. José Sócrates, the caretaker prime minister of the country, stated that the gauge had been in use after the suffering country had run out of choices. [...]