Over the past two months, hundreds of thousands of airline passengers were stranded in airports nationwide as more than 3,500 flights were canceled because carriers failed to perform required maintenance. The mass groundings -- more extensive than any previous airline
For billionaire investor Carl Icahn, 4 percent of a company isn't just a sizable stake. It's a sledge hammer and a crowbar, combined. The 72-year-old financier, now attempting to alter the balance of negotiations between Microsoft and Yahoo, was a
We know about the Japanese yen, the Euro and the U.S. dollar. Now there's the Linden. The Linden dollar is used in a 3-D online virtual world to buy and sell virtual objects such as motorcycles, cars, furniture, houses and
The Reserve Bank Board meets next week on June 3 and the result of the meeting will be known at 2:30pm Sydney time on that day. We expect the Bank will hold rates steady but firm up a very clear
Canadian real GDP contracts 0.3% (annualized) in Q1 U.S. downturn, inventories and poor weather sources of weak quarter Anyone who thought that the downturn in the U.S. economy would not seriously impact Canada should have a look at this morning's
5/30/2008 - USD/JPY - Price action on the key USD/JPY daily chart, as shown, has reached a critical resistance level. This level is in the form of a significant long-term downtrend line (represented on the chart by the long, red
AUD/USD turned into consolidation before 24 year high of 0.9653 last week and edged mildly lower. With an intraday top in place, further pull back could seen be seen to 0.9507 support or below. Though, downside is still expected to
Cable was basically bounded in sideway consolidation last week. But with 1.9612 cluster support (50% retracement of 1.9363 to 1.9852 at 1.9608) holds, outlook remains unchanged. Prior break of falling trend line resistance indicates that fall from 2.0391 has already
USD/JPY finally broke of multi week sideway trading and edged higher to 105.87 before consolidating. While some more consolidation could be seen initially this week, as mentioned before, break of 105.70 resistance indicates that whole rise from 95.77 should have
USD/CHF's sharp rebound from 1.0214 extended to as high as 1.0526 before retreating. With an intraday top in place, some consolidation could be seen initially this week. However, note that fall from 1.0623 should have completed already. The corrective structure
Dow -7 S&P +1 Nasdaq +11 Markets opened higher this morning, seeming to recover slightly from yesterday's late sell-off after the Commerce Department reported April inflation was in-line with estimates. Prices Paid data from Chicago PMI was in the higher
For the first time, sheriff's deputies in one Minnesota county will have to pay to get their squads to the station. Starting June 1st Ramsey County deputies will have to pay 33 cents for every mile they commute outside of
The Garrett Popcorn store on Michigan Avenue was supposed to close Saturday, but CBS 2's Pamela Jones reports the company says it's received an extension on its lease.
Canada's federal privacy commissioner has launched an investigation into Facebook after four students complained that the popular Web site violates Canadian law by disclosing personal information to advertisers without proper consent.
Inflation figures for Euroland in May were released during the week. Inflation came out at 3.6%, which is 0.3 percentage points up on April. We expect that inflation will increase further over the summer, mainly because of rising oil prices.
