Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Goldman trims pay, posts profit as shares fall »
Goldman trims pay, posts profit as shares fall
GS.N
), under fire for gold-plated pay packages, cut average pay per employee by about a quarter from record 2007 levels, helping boost its profit to a record.
But the forecast-beating results were quickly overshadowed by anxiety about the impact of the Obama administration’s proposed crackdown on [...]
AMD revenue beats Street but shares slip »
SAN FRANCISCO (Reuters) – Advanced Micro Devices Inc reported better-than-expected revenue on strong holiday spending but its shares slid more than 4 percent as investors cashed in recent gains.
Stellar earnings from bellwether Intel Corp last week reinforced expectations of a rebound in chip demand, which have propelled chipmakers’ stocks higher in past months.
Shares [...]
Apple shares hit record high on tablet computer reports (AFP) »
NEW YORK (AFP) –
Apple shares surged on Wall Street on Tuesday and closed at a record high after the company said it would host an event later this month expected to be the unveiling of a long-awaited tablet computer.
Shares in the Cupertino, California company behind the
, the
gained 4.42 percent and closed at [...]
POSCO says Buffett wants to buy more POSCO shares »
SEOUL (Reuters) – South Korea’s POSCO said on Tuesday U.S. investor Warren Buffett, whose investment vehicle owns 4.5 percent of the world’s No.4 steelmaker, had indicated he wanted to buy more POSCO stocks.
POSCO said in a statement that the U.S. billionaire said he wanted to own more POSCO stocks after missing the opportunity to [...]
Wall Street sell-off hits Asian shares (AFP) »
's worst performance so far in 2010 hit Asian stocks Monday amid fresh concerns over the pace of recovery, while Japan Airlines (JAL) sank to a new low ahead of its expected bankruptcy.
A dive in oil prices also hit sentiment, as crude tumbled after the
(IEA) last week predicted “sluggish” demand this year in [...]
Tech shares shine on Intel, but U.S. data a worry »
Tech shares shine on Intel, but U.S. data a worry
HONG KONG (Reuters) – Technology shares jumped in Asia on Friday after better-than-expected earnings from sector bellwether Intel, but stocks elsewhere in the region were largely subdued amid fresh doubts about the strength of the U.S. economic recovery.
Tepid U.S. retail sales data and a [...]
Wall Street ticks higher, led by tech shares »
Wall Street ticks higher, led by tech shares
NEW YORK (Reuters) – Stocks traded slightly higher on Thursday, led by the technology sector after upbeat brokerage comments on Oracle Corp and ahead of an expected profit report from Intel Corp.
Shares of Oracle, the world’s No. 2 business software maker, gained 2.5 percent to $25.37, [...]
Asian markets mixed but Intel boosts tech shares (AP) »
BANGKOK – Intel’s earnings boosted technology stocks in Asia on Friday but market benchmarks were mixed amid patchy figures on the U.S. economy.
flickered between red and green while most other markets posted modest rises or falls. The dollar charged higher against the euro, sending the
below $79 a barrel.
Giving a lift to technology [...]
Alcoa misses Street estimate, shares fall »
Alcoa misses Street estimate, shares fall
NEW YORK (Reuters) – Alcoa Inc posted a narrower quarterly loss on Monday, but the results fell short of expectations and the aluminum producer’s stock fell more than 5 percent.
The company blamed higher power bills, a weak U.S. dollar and costs of temporarily shutting down its smelters in [...]
WaMu says tax refund may double, shares soar »
WaMu says tax refund may double, shares soar
WILMINGTON, Delaware (Reuters) – Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday.
The added money could also help resolve various legal disputes surrounding the [...]