NEWS

Twitter plans substantial investment in rival companies, technologies and staff following its forthcoming IPO – Twitter has set a price range of $17 to $20 per share for its initial public offering, it could raise as much as $1.6 billion in the process – Twitter picks NYSE over Nasdaq for IPO – The company more ...

ARM ARMH has bought Geomerics, a provider of global illumination lighting tech for 3D games. Google GOOG has acquired Boston Dynamics, a developer of advanced robots and related software for the U.S. military. – Merck Hepatitis C combo successful in Phase II trial – Sony’s FQ2 net loss widened to ...

Focus over alleged forex manipulation widens with Goldman and Morgan Stanley in view and Barclays putting three New York-based traders on leave – The Department of Justice and the FBI have opened a criminal investigation into the possible manipulation of the $5.3T-a-day forex market. The probes add to those being ...

German Chancellor Angela Merkel’s center-right Christian Democratic Union was within striking distance of an absolute majority in Parliament after elections. FDP is Merkel’s current junior coalition partner and will probably stay out of parliament. The small party receives only 4.5% in exit polls, and the margin of error is small. ...

China’s GDP growth slowed in the second quarter to 7.5 percent year-on-year as weak overseas demand weighed on output and investment, lining up a test of Beijing’s resolve to revamp the world’s second-biggest economy in the face of deteriorating data. Other figures showed industrial output in June rising slightly less ...

Eurogroup president opposed to new haircut on Greek debt Eurogroup chief Jeroen Dijsselbloem expressed his strong opposition to a possible new haircut on the Greek debt. Speaking to five European newspapers Dijsselbloem said that “Greece will repay the loans it has received” and that the deletion of the Greek debt, ...

Unemployment in the crisis-stricken euro bloc rose to 12.2% for April, according to Eurostat, the statistics office of the EU. At 24.4%, youth unemployment was double the wider jobless rate and up from 24.3% in March. The problem was most extreme in Greece where almost two-thirds of those under-25 are ...

Spain’s banking crisis wiped out billions of euros of family savings on Tuesday as small investors who bought shares in the nationalised Bankia were finally able to trade them – but at only a fifth of their original price. The wipeout on Madrid’s stock exchange means that Bankia, which was ...

Billionaire investor George Soros and Bill Gross, who runs the world’s biggest bond fund, warned the Bank of Japan (8301)’s plan to end deflation risks creating a rout in the yen.

SWOT Analysis for HOME DEPOT HD Rating agency Standard & Poors downgraded Spain’s sovereign debt rating to BBB- from BBB+, outlook negative. Greece’s unemployment rate jumped to 25.1 percent in July. 10/11/2012 China is expected to weaken to 7.8% growth this year. IMF: It raises estimates for U.S. growth slightly, ...