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Apple's iPhone set for South Korean launch

Apple (AAPL) continues to bring the iPhone to countries outside the U.S. Although its launch in China didn't generate as much fanfare as the company had hoped, things take time to roll into a big ball of success. Apple won't be slowing down international introductions of the handset that changed the wireless game, that's for sure.

As such, South Korea's own LG Electronics and Samsung Electronics are about to see their homeland assaulted by the official introduction of the iPhone for sale into that country. South Korea's KT Corp. and SK Telecom are the reported carriers for Apple's iPhone there, and although the South Korean market may seem like a small potato of opportunity for Apple, the company has been cleared by the Korean Communications Commission to start selling its popular handset.

Continue reading Apple's iPhone set for South Korean launch

Dell sells off hard after hours, following weak third quarter earnings

dell third quarter earnings reportAfter-hours traders punished Dell (DELL) stock Thursday, following a weak third quarter earnings report from the technology giant.

Going into the afternoon earnings release, analysts had been expecting to see the company show earnings of 28 cents per share. Actual earnings came in much lower at 23 cents per share.

Continue reading Dell sells off hard after hours, following weak third quarter earnings

Nokia (NOK) lifted by US release of N900

NOK logoNokia (NOK - option chain) shares are rising today after the company announced that its Nokia N900 is now on sale in the United States. The phone retails for $649. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NOK.

NOK opened this morning at $13.95. So far today the stock has hit a low of $13.85 and a high of $14.04. As of 11:45, NOK is trading at $13.95 up 27 cents(2.0%). The chart for NOK looks neutral and S&P gives NOK a neutral 3 STARS (out of 5) hold ranking.

Continue reading Nokia (NOK) lifted by US release of N900

Look for U.S. to play catch-up regarding nuclear power in the decade ahead

From the this-is-long-overdue department, legislation introduced in the U.S. Senate would allocate as much as $20 billion in federal funds over 10 years to develop energy technology and double the nation's nuclear power output, Bloomberg News reported.

Legislation co-sponsored by U.S. Sen. Lamar Alexander, R-Tennessee, and U.S. Senator Jim Webb, D-Virginia, would offer $100 billion in loan guarantees for nuclear plants, which would amount to a $10 billion federal government liability. The bill would also fund research in solar energy, carbon capture, and other energy technologies.

Continue reading Look for U.S. to play catch-up regarding nuclear power in the decade ahead

BT and Google battle over the spoken word

BT Group, which virtually owns the UK telecommunications market, isn't waiting for Google (GOOG) to launch a full attack. The company probably expects to be under assault from the search engine (and advertising and e-mail) giant, so it's taking early action. Google Voice is still being tested, but words like "free" and "powerful" and "internet-based" are bound to inspire fear in even the most established of companies.

To protect itself from the eventual attack from Mountain View, BT picked up Ribbit Mobile, and testing is in progress. Ribbit's technology has some overlap with Google Voice and even beats it with a few capabilities, according to Bloomberg. Ribbit just launched its beta product this month. It allows either the user's current phone number or a new one from Ribbit -- which is no different from Google's alternative. The product suite is generally the same, with phone- and web-based voicemail retrieval and automatic transcriptions that can be sent by text message or e-mail. For an extra fee, BT's Ribbit does provide human transcription, though it is free during testing. And, calls can be taken directly from a computer, using a microphone and speakers.

Continue reading BT and Google battle over the spoken word

Target's Black Friday prices are leaked

Black Friday, as the day after Thanksgiving has come to be known, is the day when most retailers get themselves back into the black. It is also a bargain-hunter's delight. In the age of Internet, several websites emerged dedicated to helping shoppers decide in front of which store to pitch their tents. One of those sites, GottADeal.com, has reportedly landed Target's (TGT) Black Friday ad. Target, it appears, is taking a rather aggressive approach to the upcoming Holiday shopping season.

According to the website, the retailer will offer a 32-inch Westinghouse LCD HDTV for $246, which GottADeal.com's founder Brad Olson calls the "lowest price that we've ever seen for that model." The ad also touts $3 toasters and coffeemakers, and 50% discount on kids' clothes and toys.

Continue reading Target's Black Friday prices are leaked

Tesla Roadster sets a record -- travels 313 miles on a single charge

Here's a stunning accomplishment. The Tesla Roadster set a record by traveling 313 miles on one electric charge. The new record was set at the 2009 Global Green Challenge in Australia.

The competition was over an 1,800 mile course. The Tesla Roadster reportedly had three miles worth of charge to spare. This was well above the average 244 miles per charge it mentions in its specs.

The winning driver was Simon Hackett, managing director of Australian national broadcasting company. He owns the only Tesla Roadster in Australia and now holds the world's record, having beaten the previous record of 241 miles set in April at Rallye Monte Carlo of Energies Alternatives.

Continue reading Tesla Roadster sets a record -- travels 313 miles on a single charge

Why do we have a weak dollar?

The stock market is rallying. Commodities are on a tear. Yet the dollar is falling. Why?

There are several reasons for the drop in the dollar, but the most obvious and simple answer is that investors around the world are selling dollars and using the money to buy stocks and commodities, particularly oil and gold.

Last week India announced that it had bought 200 tons of gold from the International Monetary Fund (IMF.) At an average of say $1000.00 per ounce, the transaction amounted to about $7 trillion dollars. Chances are that India sold dollars from their sovereign fund to buy the gold.

Continue reading Why do we have a weak dollar?

Is the recession still alive?

Monday, the Dow Jones Industrial Average set a new 2009 high, trading above 10,225. GDP growth came in at 3.5% for the third quarter.

However, what we are experiencing is a disconnect between Wall Street and Main Street. Last Friday, the Labor Department reported that unemployment is now above 10%. Consumer spending for September fell .5%, the biggest drop since December 2008.

Continue reading Is the recession still alive?

Apple's iPhone sees lukewarm reception in China debut

Apple Inc.'s (NASDAQ: AAPL) iPhone has been selling like gangbusters in the U.S. since its debut in June 2007, but that kind of fever -- and the fever U.S. consumers felt at every iPhone launch in the U.S. -- seemed tepid by comparison when China Unicom unleashed the iPhone for sale last week.

Continue reading Apple's iPhone sees lukewarm reception in China debut

Wet harvest causes grain prices to rise 7.7%. Should we buy our Wheaties now?

We've had wet weather in the Midwest during the harvest season, resulting in higher grain prices.

The U.S. Department of Agriculture (USDA) issued a report on wholesale crop prices paid to farmers. Let's look at some prices:

  • Corn rose 29 cents per bushel to $3.54
  • Wheat jumped 8 cents per bushel to $4.56
  • Soybeans dropped 1 cent per bushel to $9.74
  • Wholesale milk prices jumped 7.1% in October to $1.19 per gallon. Milk prices, however are down 22% from last year.

Continue reading Wet harvest causes grain prices to rise 7.7%. Should we buy our Wheaties now?

Barron's, Citigroup bet on a comeback for Motorola

An article in Barron's suggests that Motorola (NYSE: MOT) is on the verge of regaining some of its former mojo. The company recently offered a solid outlook for the remainder of the year, and it could garner new business after debuting two smartphones featuring Google's (NASDAQ: GOOG) Android operating system -- namely, the Droid and the Cliq.

The author cites analyst Ed Snyder of Charter Equity Research, who believes Motorola is on the cusp of "an extended upswing in handsets ... over the next several quarters." Snyder believes that the firm's ailing handset division could achieve break-even results as soon as the second quarter of 2010.

Continue reading Barron's, Citigroup bet on a comeback for Motorola

Halloween stocks offer investors a chance at financial treats

Halloween, though not the blockbuster holiday that Christmas is, still results in some additional spending on the part of consumers as they stock up on candy and costumes, and maybe take in a scary movie or two. With those treats in mind here are some stocks that may give investors sweet dreams -- and hopefully not nightmares.

As is well known, candy is all the rage at Halloween, and among the largest candy stocks are Hershey Co. (NYSE: HSY) and Cadbury PLC (NYSE: CBY). Last week, Hershey reported third-quarter earnings rose 30% despite weaker volumes affected by higher prices for its sweets. Last year's numbers also included special charges. Still the company said it expects full-year earnings to be ahead of Wall Street forecasts. In 2010, the Pennsylvania company said it expects earnings excluding items to rise 6% to 8%. The stock has a forward-looking price-to-earnings ratio of 16 and a current dividend yield of 3.1%.

Continue reading Halloween stocks offer investors a chance at financial treats

Under new leadership, P&G begins to build a brighter future

As with the consumers to whom it sells, Procter & Gamble Co. (NYSE: PG) has weathered tough times in recent months. The Cincinnati company saw revenues fall and volumes squeezed (not unlike its trademark Charmin bath tissue) as recession-weary shoppers continued to rein-in expenses and begged off buying pricier goods.

Still, following a year in which the company faced one of the most difficult macroeconomic environments in decades, P&G surprised analysts Thursday by reporting fiscal first-quarter earnings of $3.31 billion, or $1.06 a share, compared with $3.35 billion, or $1.03 a share, a year earlier. Analysts polled by Zacks.com anticipated the company would earn just 97 cents a share.

Continue reading Under new leadership, P&G begins to build a brighter future

Buffett's star shines brightest among world's financial gurus, poll shows

The housing bubble and subsequent "Great Recession" have tarnished the stars of a good many of the world's financial wizards, such as the former heads at Lehman Bros. and Merrill Lynch. But one respected image remains -- perhaps unsurprisingly -- on top: Warren Buffett, chairman and CEO at Berkshire Hathaway Inc. (NYSE: BRK.A).

That's according to a recent quarterly poll of investors, traders, and analysts who subscribe to Bloomberg terminals, those somewhat cryptic news and data computers that are ubiquitous on Wall Street. Buffett, who received favorable nods from 25% of those participating in the poll, walked away with a plurality of the vote, Bloomberg News reported.

Continue reading Buffett's star shines brightest among world's financial gurus, poll shows

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Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 22, 2009: 01:34 AM

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