Monthly Archives: November 2011

By David Henry NEW YORK (Reuters) – Standard Poor’s reduced its credit ratings on 15 big banking companies, mostly in the Europe and United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria. JPMorgan Chase … Continue reading →

By Joseph Ax NEW YORK (Reuters) – An appeals court on Tuesday struck down a 2009 New York City law imposing a tax on hotel-booking websites such as Expedia Inc (NasdaqGS:EXPE – NewsEXPE.O) and Priceline.com Inc (NasdaqGS:PCLN – NewsPCLN.O), the … Continue reading →

By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and SP 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe’s fiscal mess bolstered sentiment. However, in … Continue reading →

(Reuters) – OmniVision Technologies Inc gave a third-quarter outlook below market estimates, hurt by a cutback in orders for sensors used in smartphones, sending its shares down 12 percent in extended trade. “Late in our second quarter we encountered an … Continue reading →

By Alastair Sharp TORONTO (Reuters) – Research In Motion is introducing a software tool that gives corporate customers the option of linking employees’ personal iPhones to the BlackBerry network without compromising security. The move, announced on Tuesday, is RIM’s first … Continue reading →

By Alistair Barr (Reuters) – Cyber Monday online sales set a record, led by department stores and home goods retailers, according to U.S. data released on Tuesday. Online sales reached $1.251 billion on Monday, up 22 percent from the same … Continue reading →