Articles By: MarketTalk
Apple sets a new tech record with $46 Billion in sales
Apple sold a stunning 37 million iPhones last quarter, twice what it sold in the same period a year ago. IPad sales doubled to a record 15.4 million. Apple moved 5.2 million Macs, the first time Apple sold more than 5 million of its PCs in a quarter. The company also sold 15.4 million iPods [...]
Bank of America rally fuels financials’ charge
Bank of America shares rallied more than 5% on Tuesday, helping financial stocks to close out the day as the best performing sector on the S&P 500. U.S. bank stocks also got a lift from strong European bank shares which propelled stock markets in London, Paris and Frankfurt higher. Read European stock market review Still, [...]
SOPA Puts Hollywood vs Tech Titans
Members of Congress may be on vacation, but that hasn’t calmed critics who say an effort to stamp out online piracy would create an unprecedented threat to free speech on the Internet. Far from fading from memory, the Stop Online Piracy Act (along with a related Senate bill) has become a rallying point for Web [...]
Breaking News – Hiring up, Unemployment down in December
American employers stepped up their hiring in December, bringing the unemployment rate down again. The economy added 200,000 jobs in the month, the Labor Department reported Friday, doubling the number of jobs added in November. Meanwhile, the unemployment rate fell to 8.5%, the lowest level since February 2009. Economists surveyed by CNNMoney had forecast 150,000 [...]
Luxury Real Estate booms in San Antonio Texas
Thanks to wealthy Mexicans and Eagle Ford Shale millionaires helping drive the market for expensive homes, luxury real estate in San Antonio appears to be outperforming the rest of the housing market. Custom builders are starting more million-dollar spec homes, those built on speculation before a buyer is in hand. And even within luxury neighborhoods, [...]
Retailers and shoppers ready for Christmas clearance sales
Christmas is over and done with, but the shopping is only beginning. The after-Christmas clearance is here at last. It’s the finale to a whole season of mega shopping. “I think everybody has got on the bandwagon with Black Friday and they don’t realize what kind of deals are out there the day after Christmas,” [...]
US Stocks Rally After Spanish Debt Auction, Improving Housing Data
U.S. stocks rallied as domestic home building jumped to the highest level in nearly two years and another successful Spanish debt auction buoyed investor sentiment. The Dow Jones Industrial Average gained 257 points, or 2%, to 12024, in morning trade. The blue-chip Dow dropped 100 points on Monday to close at the lowest level of [...]
African Banks Turn to IBM to Support New Wave of Innovation in Banking Services
IBM has announced details of five strategic agreements in the Kenyan financial services sector as banks across Africa turn to advanced technologies to support rapid growth, increase profitability and launch innovative new services such as mobile and internet banking. Over the last six months IBM has signed contracts with five of Kenya’s leading banks: Credit [...]
Samsung buys Sony’s entire stake in LCD joint venture
Samsung Electronics has agreed to buy out Sony’s entire stake in their liquid crystal display (LCD) joint venture. The Korean electronics maker said it will pay Sony 1.08tn won ($939m; £600m) in cash for its stake. The move comes as Sony has been restructuring its TV business, which has been making a loss for the [...]
Bank of America axes $5 debit card fee
So the day after Suntrust decides to axe the debit card fee, Bank of America said Tuesday it’s axing its plan to charge a $5 fee for customers who use their debit cards to make purchases. In September, the bank announced that it would begin charging most customers the monthly fee early next year. But [...]
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