SAN FRANCISCO Tech stocks mostly rose in early trading Friday, with Netflix Inc. among the advancers. Netflix shares rose almost 4%, to $ 89.74, after Chief Executive Reed Hastings responded to the Securities and Exchange Commission alleging Hastings and Netflix violated disclosure rules with a Facebook post in July about the company’s streaming video service. Gains also came from Apple Inc. , which rose $ 4 a share, to $ 551.01, and Cisco Systems Inc. , as the networking-equipment giant kicked off its annual analyst meeting in New York. The Nasdaq Composite Index was at its breakeven point [...]
SAN FRANCISCO Tech stocks started the week on an upbeat note Monday, with Dell Inc. among the top gainers. Dell shares rose almost 9%, to $ 10.48, after Goldman Sachs analyst Bill Shope raised his rating on the computer maker to buy from sell. Other gains came from Advanced Micro Devices Inc. , Apple Inc. and Hewlett-Packard Co. . The Nasdaq Composite Index rose more than 18 points to [...]
SAN FRANCISCO Apple Inc. and Research In Motion rallied as the tech sector posted modest gains in early trades on Thursday. Apple gained 1.4% to $ 591.57 on news that the iPhone 5 has won regulatory approval in China. RIM saw its shares jump more than 7% to $ 11.92 after Goldman Sachs upgraded the stock to buy on potential gains from the handset-maker’s BlackBerry 10 operating system, which is expected to launch early next year. The Nasdaq Composite Index rose 23 points to stand at 3,015, while the Philadelphia Semiconductor Index was up nearly 1%.
The $ 5,000 Cybertecture Mirror monitors health statistics and real-time social media updates.The Internet of Things market in China is expected to hit $ 80.3 billion in 2015Beijing has earmarked $ 800 million for IoT investment by 2015China has created state-funded zones like Chengdu Internet of Things Technology Institute Beijing aims to become a global leader in setting IoT global standardsHong Kong — When architect James Law looks in the mirror each morning his reflection is not all that greets him — he can also see the weather report, e-mail messages and his heart rate.”The biggest game changer of the [...]
Rep. Jeb Hensarling will take over as chairman of the House Financial Services Committee, according to recommendations issued by the House Republican Steering Committee’s chairmanship on Tuesday. The Texas congressman will take over from Rep. Spencer Bachus, Republican from Alabama, who has reached his term limit in the position. The change at the top of the committee was largely expected. In addition, Mitt Romney’s running mate, Rep. Paul Ryan, will continue to lead the House Budget Committee. Dave Camp, Republican from Michigan, will continue to lead the House Ways and Means panel while Rep. Darrell Issa, Republican from California, will stay in charge of the House Oversight committee.
SAN FRANCISCO Hewlett-Packard Co. and Research In Motion Ltd. led a strong, early upswing for tech stocks early Friday morning, as the shortened trading day kicked off. H-P shares rose about 1.8% to $ 12.16 — though still well below the stock’s closing price of $ 13.30 earlier this week before the company announced disappointing earnings results and a surprising write-off of its acquisition of Autonomy. RIM jumped 10% to $ 11.27 after National Bank, a Toronto-based brokerage, raised its price target to $ 15 from $ 12, citing belief in a strong launch of its new BlackBerry 10 platform [...]
SAN FRANCISCO Tech stocks recorded mild gains Wednesday, with Salesforce.com Inc. among the advancers. The cloud-based business software company’s shares rose more than 7%, to $ 156.28 after Salesforce on Tuesday reported earnings and sales that topped analysts’ estimates. Gains also came from IBM Corp. , Microsoft Corp. and Facebook Inc. . The Nasdaq Composite Index gave up 1 point to slip to 2,915. Trading was expected to be relatively quiet ahead the Thanksgiving Day holiday in the U.S.
Last year, the tablet PC market experienced previously unprecedented growth during the holiday season and on a worldwide scale, sales increased by an incredible 256% throughout the course of 2011. In the United States alone, tablet device ownership amongst adults increased from 10% to 19% in a month-long period between December 2011 and January 2012. While some predicted that the “tablet trend” would quickly fade, the market has remained strong throughout this year and is expected to skyrocket in the fourth quarter of this year with the debut of a new generation of tablet PCs. Apple’s iPad 2, Amazon’s Kindle [...]
Chinese visitors from the mainland sit in front of a luxury shop in Hong Kong in September.China’s growing middle class is expected to grow from 350 million to 600 million by 2020Beijing’s new leaders trying to steer economy toward domestic spending rather than exports and investmentConcerns remain over wealth disparity and lack of social safety net in ChinaForeign companies say it’s increasingly more difficult to compete in the domestic marketHong Kong — When Shaun Rein drives to Shanghai’s Pudong International Airport, about 10 minutes outside the airfield, he begins to notice a line of cars — including Rolls Royces and [...]
NEW YORK Wall Street’s post-election sell-off may gather steam in the coming weeks as worries mount about the looming “fiscal cliff” and technical weakness suggests a possible correction ahead. The benchmark Standard & Poor’s 500 closed below its 200-day moving average – a measure of the market’s long-term trend – on Thursday for the first time in five months, and ended below it again on Friday. More than half of the Dow components are trading below key technical levels. “I don’t think you have to panic here, but I think you really want to be looking for the market to [...]