Nokia abandons Japan market

SymbolPriceChangeAAPL349.430.00NOK6.320.00{“s” : “aapl,nok”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} TOKYO (AP) — Nokia Corp., battered by the popularity of smartphones, is abandoning the Japanese market, after a brief foray with luxury cell phones costing as much as 20 million yen ($250,000). The Finnish handset maker is closing by the end of July its last store […]

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Portugal raises $1.2B at high rate after downgrade

LISBON, Portugal (AP) — Portugal has raised euro848 million ($1.2 billion) in a debt auction, but the high return demanded by investors underlined the country’s plight a day after its bonds were downgraded to junk status. The government debt agency said the yield in Tuesday’s sale of 3-month Treasury bills was 4.926 percent. That was […]

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Documents detail Exxon’s Yellowstone response

Cleanup crews work to clear oil from along side the Yellowstone River in Laurel, Mont., Tuesday July 5, 2011. The Yellowstone River swelled above flood levels Tuesday, raising fears that the surge will push thousands of gallons of oil spilled from a broken pipeline into undamaged areas and prolong cleanup efforts as crude seeps downstream […]

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Many Non-Emergency Angioplasties May Be Unnecessary

Many Non-Emergency Angioplasties May Be Unnecessary July 5, 2011 — The vast majority of angioplasties performed in emergency situations in the U.S. are appropriate, but as many as half of those conducted in non-emergency situations may not benefit patients, a new study suggests. About one in nine elective angioplasty procedures performed in patients with few […]

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Sen. Durbin Mum on How Many Illegal Aliens Invited to Congressional Hearing

Senate Majority Whip Richard Durbin (D-Ill.) . (AP File Photo/Harry Hamburg) (CNSNews.com) – At a June 28 hearing on the DREAM Act, Sen. Dick Durbin (D-Ill.) proudly announced that the congressional hearing room was filled with illegal aliens and he introduced some of them by name. But Durbin now is not saying exactly how many […]

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Obama Calls Absence of Tax Increases 'Spending In the Tax Code'

President Obama delivers his weekly address, posted by the White House on July 2 (Image: White House) (CNSNews.com) – President Barack Obama called for tax hikes in his weekly address released on Saturday, calling the absence of new tax increases “spending in the tax code.” Talking about dealing with the federal deficit, Obama said: “And nothing can be off limits, […]

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Stores find success by focusing on the hunt

In this June 17, 2011 photo, a girl sits in a shopping cart full of items at Costco in Mountain View, Calif. Shoppers go into Costco, TJ Maxx or a DSW shoe store looking for a bargain on something they need and end up splurging on irresistible finds.(AP Photo/Paul Sakuma) SymbolPriceChangeJWN48.42+0.18TJX53.73+0.56WMT53.39-0.12{“s” : “jwn,tjx,wmt”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” […]

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China’s Baidu, Microsoft to cooperate in search

SymbolPriceChangeBIDU145.87+2.52CHL46.76-0.21GOOG532.44+11.41MSFT26.03+0.01SINA114.62+5.86{“s” : “bidu,chl,goog,msft,sina”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} BEIJING (AP) — Chinese search giant Baidu Inc. will use Microsoft’s Bing for some English-language results as the software giant tries to expand its small share of China’s search market. China has the world’s biggest population of Internet users, with more than 450 million people online. […]

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Rally stalls as Moody’s cuts Portugal debt rating

FILE – In this June 22, 2011 file photo, Terence Toal, left, talks to a fellow trader as they work on the floor of the New York Stock Exchange. Global stock markets pushed modestly higher Tuesday, July 5, as investors awaited a raft of U.S. economic data this week that culminates with closely-watched payrolls figures.(AP […]

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Lagarde takes helm of IMF amid major challenges

New IMF Managing Christine Lagarde, left, is met by IMF Acting Managing Director John Lipsky as she arrives at the IMF headquarters in Washington, Tuesday, July 5, 2011. (AP Photo/Cliff Owen) WASHINGTON (AP) — Christine Lagarde can count on at least one thing Wednesday during her first news conference as chief of the International Monetary […]

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