Home » Business You are browsing entries filed in “Business”

Tuesday drawing presents Mega Millions winning numbers

Mega Millions

The lucky winning numbers for Tuesday’s lottery jackpot are 4, 8, 15, 25, 47 and 42 as the mega number. Mega Millions lottery jackpot boosts up to $355 million due to strong ticket sales on Tuesday. The usamega.com, the Mega Millions and Powerball lottery games site, posted that it will announce the number of big [...]

| | Read More »

Stocks Rally on 2011 1st Session

Stocks Rally

US stocks rallied on the first session of 2011 as an improving economy drove the investors to instill new money into the market. The Dow Jones Industrial Average rose 0.81 percent or 93.24 points to 11,670.75, while the Standard & Poor’s 500 Index gained 1.13 percent or 14.23 points to 1,271.87. The Nasdaq Composite Index, [...]

| | Read More »

Clearwire reveals Craig McCaw to leave his post

Craig McCaw

Clearwire, a wireless broadband firm revealed on Thursday that Craig McCaw resigned as the chairman of the board. In an administrative filing, the company stated that the departure of McCaw on Friday is not because of any misunderstanding with Clearwire regarding its policies, operations or systems. It did not provide any comment at all. The [...]

| | Read More »

World stocks gaze at two year-high

World stocks

World stocks advanced to their highest point on Thursday ever since September 2008, which signifies people’s positive outlook for next year’s market growth globally. However, the dollar fell short of the expected money printing in 2011 that will be done by the U.S. Federal Reserve. In addition, the European market made the majority of the [...]

| | Read More »

Paul Allen Revises Patent Right Suits against Tech Companies

Paul Allen

Despite dismissal of Paul Allen’s patent-infringement lawsuit early this month against several largest tech companies, the Microsoft co-founder re-filed his lawsuit claims. Allen filed another lawsuit against some of the world’s largest e-commerce and tech companies, such as Facebook, Yahoo, YouTube, AOL, Office Depot, eBay, Apple, Staples, OfficeMax, Netflix and Google, for infringing his patent [...]

| | Read More »

China Announces 35% Cut on 2011 Rare-Earth Exports Quota

Ministry Chen Deming

China announced that it will slash the rare-earth export quotas by 35 percent in 2011. Despite Commerce Ministry Chen Deming promised to leave the quotas of the rare minerals unchanged in 2011, the Chinese government issued statement of new cuts in the exports of their minerals. China produces almost 97 percent of the rare earth [...]

| | Read More »

MasterCard Reports $584.3 B pre-Christmas Retail Spending

MasterCard

MasterCard Advisors Spending Pulse announced a significant pre-Christmas sales increase of more than $584.3 billion. The preliminary retail data was released on Monday, observing a 5.5 percent increase of retail spending 50 days before Christmas this 2010. The sales figure is higher than 2007 sales of $566.3 billion. According to previous retail data, in 2008, [...]

| | Read More »

China to Raise Interest Rate, Reserve Requirement Ratio

central bank of China

Reports said Monday that China may raise interest rates and the reserve requirement ratio to slow gains in property values and consumer prices. The report came after the central bank of China announced on Saturday that it will increase benchmark lending and deposit rates by a quarter percentage point. Analysts said that there is a [...]

| | Read More »

Rovi to Purchase Sonic for $720M, Extends Digital

Rovi

Rovi is set to pay about $270 million cash as well as stock to purchase Sonic Solutions, owner of the famous digital video player DivX. The move aims to extend its direction across the world of digital entertainment. The transaction of Rovi follows the purchase of DivX by Sonic back in June amounting to $323 [...]

| | Read More »

Copper Drops for Two Days on Slow Consumption Season

Copper

Reports said Thursday that three-month copper on the London Metal Exchange fell for a second day on the current slow consumption season. The contract dropped little as 0.3 percent to $9,322.25 a metric ton and closed at $9,330 in Singapore, after advancing to a record of $9,392 a ton on Tuesday. An analyst in Beijing [...]

| | Read More »