With consumer confidence pretty low, the Dow still hit a five-year high after Pfizer showed fantastic earnings. The Dow Jones Industrial Average did quite well gaining 0.6 percent to 13959 this afternoon, closing on the highest level since October 2007. The Standard & Poor’s 500 index rose too, by eight points, or 0.5 percent this […]
National Broadband Network or NBN services in some areas in Queensland and New South Wales affected by flooding and severe weather were already being restored. The floods have forced the evacuation of thousands over the weekend. It also resulted to disruption in NBN services in some of areas serviced by third-party providers. Internal checks by […]
Minor fluctuations were noted in major US stock futures prior to the opening of the market. Dow Jones International Average Index stock future went down by 0.01 percent at 13,830 while the S&P 500 index stock futures remained unchanged at 1,497. On the other hand, stock futures of the Nasdaq-100 increased by 0.01 percent at […]
This Friday, Egypt celebrates the two year anniversary of the overthrowal of former longtime president Hosni Mubarak in a democratic revolution that more and more people say was hijacked and transformed into an Islamic fundamentalist regime by Mohamed Mursi and his Islamist party. The violence intensified in Port Said after a court ordered the execution […]
A newspaper in South Africa reported the escape of around 15,000 crocodiles from a reptile farm near the country’s border with Botswana. Last Sunday, heavy rains resulted to the overflow of the Limpopo River, which is located close to the Rakwena Crocodile Farm. Concerned at the possibility that the walls of the house will be […]
After South Korea supported the new UN sanctions against North Korea, its northern neighbor issued threats of attacking its rival. South Korea became the latest target of the verbal onslaught of North Korea as it indicated that sanctions is tantamount to declaring war against them. It also indicated that it will boycott discussions that aim […]
A referendum will reportedly be offered by Prime Minister David Cameron that will allow Britons to choose whether they want to remain in the European Union or not. He indicated a huge public disappointment at the EU. The voice of the Britons should be heard. The Conservative party of David Cameron has included the renegotiation […]
The German ZEW survey exceeded expectations and was partly to blame for the increase the euro had against the dollar this Tuesday. The euro wasn’t the only currency that was strong as the yen was also rated high against the dollar after the measures the Bank of Japan took to decrease the yen didn’t deliver as expected. The […]
The adjusted profit for the fourth quarter of Verizon Communications (NYSE: VZ) went down even as the company attracted numerous wireless subscribers due to discounts given to smartphones. Verizon Communications revealed that earnings for the fourth quarter went down from $0.38 from the $0.52 in the same period a year ago. The profit was lower […]
After two days of talks between UN officials on atomic energy and Iran state representatives, a deal on Iran’s controversial Nuclear program has not yet been struck. The head of the IAEA, Yukiya Amano also said in an interview last week that he thinks chances for a deal being struck are not very good. The […]
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