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Asian shares cautiously push higher
Asian shares edged higher on Monday, with investors wary of a deepening crisis in Ukraine and a downbeat China manufacturing survey, while the euro touched a fresh one-year low ahead of this week's European Central Bank meeting. Ukrainian President Petro Poroshenko warned a "full-scale war" was imminent if Russian troops continued to advance in support of pro-Moscow rebels, while U.S.
Retreat in China's PMIs heightens calls for policy easing
Growth in China's vast factory sector cooled in August as foreign and domestic demand slowed, two surveys showed on Monday, spurring new calls for more policy easing to prevent the economy from stumbling once more. A purchasing managers' index (PMI) published by the National Bureau of Statistics fell from a 27-month high to 51.1 in August, slightly less than forecast as factories shed jobs for at least the 24th consecutive month. The declines in both PMIs prompted some analysts to re-state their support for more policy action to lift the fading growth momentum in the world's second-biggest economy. He said the central bank could cut interest rates or reduce the amount of reserves that banks must hold as deposits to re-stoke the economy.
China gives Microsoft 20 days to provide explanation in...
A Chinese anti-trust regulator said on Monday it has given Microsoft Corp (MSFT.O) 20 days to reply to queries on the compatability of its Windows operating system and Office software suite amid a probe into the world's largest software company. The State Administration for Industry and Commerce (SAIC) questioned Microsoft Vice President David Chen and gave the company a deadline to make an explanation, the agency said in a short statement on its website. SAIC also repeated that it suspected the company has not fully disclosed issues relating to the compatability of the software and the operating system. "[A] special investigation team conducted an anti-monopoly investigation inquiry with Microsoft Vice President Chen Shi (David Chen), and required that Microsoft make a written explanation within 20 days," the SAIC said in a statement on its website.
Can auto and back-to-school sales carry the economy?
This weekend marks the unofficial end of summer, which means the warm, lazy days of August are over (though the S&P crossing 2,000 and economic growth of 4.2% hardly warrant the use of ‘lazy’). It’s time to breathe some fresh autumn air into your portfolio and Yahoo Finance’s Aaron Task, Jeff Macke and Rick Newman are here to preview some of what you should be looking out for in order to do it.
What to know before taking out a peer-to-peer loan
From Lending Club to Prosper, here's how the peer-to-peer (P2P) lending business works .
Searching for the next Apple? Citi says look East
Investors who missed out on Apple's turnaround should eye Japan and Korea's low-valued, "cash-hoarding" companies, according to analysts at Citi.
Oracle loses bid to restore $1.3 bln SAP verdict, could...
Circuit Court of Appeals in San Francisco said jurors used "an undue amount of speculation" in awarding $1.3 billion in damages in 2010. District Judge Phyllis Hamilton in Oakland, California, had erred in concluding that Oracle deserved only $272 million of damages, a sum Oracle rejected. Writing for a three-judge 9th Circuit panel, Judge William Fletcher directed Hamilton to offer Oracle a choice of $356.7 million of damages or a second trial.
Hershey takes wraps off new corporate logo
HERSHEY, Pa. (AP) — The Hershey Company is rolling out a new corporate logo that features a freshly stylized version of one of its most famous chocolate products.
How a 15-Year-Old Investor Beat the Market
When her 15-year-old son Michael Finn-Henry set out to invest, it was with modest objectives. “I wanted to understand how the stock market works, because that seems to be where a lot of adults end up making money,” he says.
Amazon and Google face off — in the sky
Google has joined a small, but growing, number of companies that are developing a drone delivery system. Commercial drones are still illegal in the U.S. which is why companies are testing them elsewhere and lobbying Congress and the FAA to change the rules.
Real stock correction going to blindside us: Pro
But if the stock market finishes this month with another advance, TJM's Jim Iuorio tells CNBC he's ready to throw in the towel on his correction call for now.
Abercrombie & Fitch is shedding its logos
Abercrombie & Fitch Co is taking its logos off its clothing as company's preppy t-shirts and sweatshirts have fallen out of favor with students who are more inclined to spend their allowances on cheaper and trendier clothes offered by chains such as Forever 21, Inditex's Zara and H&M.
Summer surge for apt. stocks: Are they overheated?
So far this year apartment REITs are up 29 percent, more than triple the S&P 500. But is a bubble looming?
How Shiller is signaling 'significant upside' for S&P
One research firm has detailed how Yale professor Robert Shiller's own economic indicator could actually be signaling a strong period ahead for equities.
Online banking or shopping: What's more secure?
In light of this week's reports that banks were hacked, a cybersecurity expert rates the best and worst industries at protecting your online data.