Archive for January, 2007

Mid-Day Report: Dollar Firm after Strong GDP Growth, Awaiting Upbeat FOMC Statement

Wednesday, January 31st, 2007

Action Insight | Written by ActionForex.com | Jan 31 07 14:17 GMT |
Forex Mid-Day Technical Report Dollar Firm after Strong GDP Growth, Awaiting Upbeat FOMC Statement
Dollar remains firm in early US session after stronger than expected Q4 GDP report that showed the US economy grew faster than expected by 3.5%, up from 2.0% […]

Kazaa, Skype, and now “The Venice Project”

Wednesday, January 31st, 2007

Niklas Zennstrom and Janus Friis, the entrepreneurs who created the pioneering Web applications Kazaa and Skype, are working on a new communications venture, BusinessWeek.com has learned. The pair plans to develop software for distributing TV shows and other forms of video over the Web, according to people familiar with the matter.
Working under the code […]

Top Trades Outside of Tech

Wednesday, January 31st, 2007

The Dow Jones industrial average slid Thursday but even after a 100-plus point drop it is less than 1% below its all-time closing high. That is why it’s more concerning to some market watchers that the Dow Jones transportation average, which fell 1.4% Thursday and is now 5.6% below its all-time high set in May. […]

Woodrow buoyed by housing market

Wednesday, January 31st, 2007

The West Midlands-based company brushed aside the slowdown in the United States after completions in the UK lifted 1.4% to 8,294 in 2006 and the average selling price jumped 4.3% to 193,000.
Woodrow said UK sales remained good in the second half of the year despite rises in interest rates in August and again in […]

Yesterday’s trading: Pearson sell-off talk

Wednesday, January 31st, 2007

As shares in the media giant advanced strongly to 839p before closing 24p higher at 824p, dealers heard a jackanory that Dame Marjorie Scardino plans to commemorate her 60th birthday next Thursday with confirmation that the (now) profitable Financial Times and its website is to be put up for sale at around 650m.
Management buy-out […]