It was another good day for the markets. With Google, IBM and Goldman Sachs all declaring better than expected results for the third quarter. Results for Citi Group and AMD were not as impressive as the other three but were encouraging to say the least. The good news pushed the Dow Jones industrial average (INDU) up by 47 points for its highest close of 2009. Nasdaq and S&P 500 were up by 0.05 and 2.14 percent respectively.
Posted in North America 
Tags: AMD, Citi Group, Dow, Economic Crisis, Economy, forecasts, Goldman Sachs, Google, IBM, JPMorgan Chase, Nasdaq, North America, results, S&P 500, third quarter, United States 
1 Comment »On October 9, 2009, The Norwegian Nobel Committee announced that the U.S. President Barack Obama will be awarded the Nobel Peace Prize.
President Obama plans to plans to accept the Nobel Peace Prize and said the award is “a call for all nations to confront the challenges of the 21st century.” Additionally, he said he was humbled by the award, and that he feels he doesn’t deserve “to be in the company of so many transformative figures.”
The winds of change are picking up in the global PC market and the only one caught at the wrong end of the draft seems to be Dell Inc. After being displaced from its perch on the top in 2006 by HP, its now Acer’s turn to zip by and push them to third place in the global PC market as per two separate reports by Gartner and IDC.
Posted in Asia Pacific, North America Tags: Acer, Apple, Dell, Europe, forecasts, HP, Lenovo, North America, results, Stock Market, third quarter, Toshiba, United States No Comments »It took a little over an year for Dow to turn around and head back northwards. From the dog days of March, when no one thought that this would ever happen as quickly as it has, the Dow Jones Industrial Average crossed the five figure mark for the first time since October 3, 2008. At close of trading on Wednesday the Dow was sitting pretty at 10015.8, a gain of 144.80 or 1.47% a high for 2009. What many consider as a sign of better things to come. (more…)
Posted in North America Tags: Dow Jones, Economic Crisis, Economy, Nasdaq, North America, results, S&P 500, Stock Market, United States No Comments »
Intel Corp has released its financial figures for the July-September quarter posting a 7.8 % decline in profits. Despite sales turning southwards the organization beat the Wall Street’s forecast. That is not the only upside here though, Paul Otellini, Intel CEO has said that its gross profit margins for the final quarter are expected to be 62 percent of revenue, with a possible variation of about three percent in either direction. That translates to sales figures in the range of $9.7 billion to $10.5 billion.
Posted in North America Tags: Bullish, Dow Jones, forecasts, Intel, North America, Quarter Report, results, Stock Market, Technology, third quarter, United States No Comments »
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