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GBPUSD: Trading the U.K. GDP Report The preliminary 2Q GDP reading for the U.K. is expected to reinforce a weakening outlook for the region as economists forecast the growth rate to contract... Daily FXGDP Still Shrinking, But At Slower Rate Economy Shrinks for 4th Straight Quarter, But 1 Percent Pace Drop Better Than Expected CBS NewsMicrosoft to sell Xbox Elite for $299. Is it to counter PS3 Slim? It had to happen, with the PlayStation 3 Slim readying to make it to the markets, Microsoft was likely to do more than just release Xbox Elite. Microsoft will be selling the device for $299. However Microsoft has turned down any question of it pulling down the price to counter Sony, but it's quite unbelievable given especially the fact that people at Sony expect PS3's sales to go up by 60% and how Microsoft has been integrating numerous features to its gaming Startup MemeGDP Declines 1 Percent in 2Q, Better Than Expected The U.S. economy shrank by 1 percent in the April-through-June quarter, as was originally estimated, and the job market remained weak last week, with continued large numbers of people seeking unemployment insurance benefits. Washington PostCost Plus, Inc. (CPWM) First quarter sales and earnings per share for Cost Plus Inc. (CPWM) were slightly above our estimates. Even so, the company's sales declined 9% year-on-year and it reported a net loss of $20 million. The company is closing stores, cutting costs, and trying to preserve cash, but those moves will do little reverse its weak sales trends and merchandise margins. In addition, management's guidance for the second quarter cautioned investors to prepare for more of the same. Cost Plus expects same-store sales to decrease 9.5%-14.5% and a pre-tax loss from continuing operations of $14-$21 million. We have an Underperform rating on CPWM shares. Our six-month target price is 50 cents per share. ZacksGBP/USD Mid-Day Outlook Intraday bias in GBP/USD remains on the downside with 1.6265 minor resistance intact. Fall from 1.6622 is resuming whole decline from 1.7043 and should extend further towards 1.5983 key support next. On the upside, above 1.6265 will turn intraday outlook neutral and bring consolidation. But recovery is expected to be... Action ForexNYSE Euronext To Acquire NYFIX In Deal Worth $144 Million MAIN FACTS: - NYSE Euronext is acquiring NYFIX through its indirect, wholly-owned subsidiary NYSE Technologies, Inc. - The transaction is expected to close in the fourth quarter of 2009 and to be... bignewsnetwork.comDow to supply Unipol to Sinochem KTA PP plant Sinochem Quanzhou has selected Unipol Polypropylene Process Technology for its 200 KTA polypropylene facility in Quanzhou, Fujian Province, which is expected to go on line in 2011. Processing TalkJobless Claims Dip, GDP Shrinks Less Than Expected The number of newly laid-off workers filing claims for jobless benefits dropped to a seasonally-adjusted 570,000 last week, and the number of people remaining on the rolls also fell, evidence that layoffs have eased. A separate report said the economy shrank at an annual rate of 1 percent in the spring, a decrease that was better than expected by economists. NPRSecond-Quarter GDP Unchanged The U.S. left untouched its estimate that second-quarter GDP fell at a 1% rate. Economists had expected a steeper drop. Separately, initial jobless claims fell. Wall Street Journal1 2 3 4 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]
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