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The New York Stock Exchange, which has accelerated its rise in early trading after the publication of a good ISM, quickly found the red and has continued to widen its losses. In the end, the Dow fell 1.03% to 11,493.57 points, the S & P by 1.19% to 1204.42 points and the Nasdaq 1.3% to 2546.04 points. Trading volumes were low in anticipation of U.S. employment figures on Friday. Wednesday, the increase was set for the fourth session later time.The U.S. investors were reassured by the tone of the minutes of the last monetary policy committee of the Fed.

While the manufacturing sector remained in growth in the United States in August, while analysts expected a contraction. This index, calculated by the Institute of Supply Management (ISM), falls to 50.6 against 50.9 in July and 48.5 expected.But investors have extra caution while construction spending heavily relapsed in July in the U.S., continuing to suffer from the weak housing market, according to figures released Thursday by the Commerce Department.

In addition, the decline in nonfarm productivity in the United States was larger than initially announced in the second quarter, against a backdrop of weak economic growth, according to revised figures released today by the Department of Labor. And the number of jobless declined in the United States during the week to August 27, at 409,000 against 421,000 the previous week. Economists were anticipating 410,000 registrations.

The blow came from the White House. If it has revised down its forecast budget deficit of the U.S. federal government for 2011 and 2012, it has also revised down its growth forecasts.The Budget Office of the White House (OMB) said in its biannual journal that the deficit should reach 8.8% of GDP for 2011 and 6.1% for 2012. It revised down its economic growth forecast to 2.1% this year and 3.3% for 2012, pushing the unemployment rate to 8.2% in the fourth quarter, up 0.9 point less than in July 2011.

European debt worries yet

In Europe, the issue of debt remains a concern for investors. According to calculations by economists of the IMF if the European banks were asked to write on their balance sheet obligations of States in the euro area market value, their tangible equity would fall to about 200 billion euros in total, from 10 to 12%, reports the Financial Times. In fact, the debt crisis is far from over and the discrepancies between European leaders are continuing.Latest, the EU president, Herman Van Rompuy, downplayed the significance of the "golden rule" budget that Paris and Berlin want to impose the euro area, even as France in extolling the virtues.

Values ​​to follow

The side of values, French Fimalac announced the sale of its Canadian subsidiary Algorithmics, specializing in software for the financial industry, IBM (-0.92% to 170.32 dollars).

Automakers said Thursday strong growth in sales of cars in the year to August in the U.S., 31% for Chrysler, Nissan 19%, 18% for General Motors (-4.16% to 23.03 dollars) and 11% for Ford (-2.52% to 10.84 dollars), despite difficult economic conditions.

The title Ciena surged 20.18%. The manufacturer of equipment for telecommunications shows a profit for the first time in three years, while analysts expected a further loss.

Goldman Sachs has been unscrewed from 3.49%. The U.S. Federal Reserve demanded that the U.S. bank to make the services of an outside consultant to review the mortgages issued by one of its subsidiaries, to identify and compensate borrowers who have been victims of improper seizures .

In addition, a judge overturned the conviction of SAP (-1.04% to 53.85 dollars) to pay to $ 1.3 miliard Oracle (-0.80% to 27.85 dollars).

The distribution group online eBay (-1.43% to 30.43 dollars) is looking for acquisitions in Japan and China, the two largest economies in the Asia, where the group wants to develop, said an official of the eBay Wall Street Journal Thursday.

Also note, after closing the CEO of the U.S. investment bank Bank Of New York Mellon (-0.15% to 20.64 dollars), Robert Kelly, has resigned because of "differences in management approach Company "with the rest of management, said Wednesday the establishment.He was replaced by Gerald Hassell, a member of the board, the bank said in a statement.

For its part, the number two mobile phone in the U.S., AT & T (-0.74% to 28.27 dollars), suffered a blow Wednesday with the opposition of the competition agencies, the proposed takeover its rival T-Mobile for $ 39 billion.

Cameron International (-0.83% to 51.53 dollars) has announced the acquisition activities of LeTourneau drilling products held by Joy Global for about $ 375 million in cash. The same Joy Global said it had experienced for its third quarter ended July 29, orders rose by 49% to $ 1.4 billion and sales up 34% to $ 1.1 billion.Operating profit reached $ 236 million against 172 million last year.

Costco Wholesale (1.20% to 79.48 dollars) issued net sales up 17% year on year to 6.9 billion in August and 27.6 billion dollars in the fourth quarter. In addition, CEO Jim Sinegal announced his departure on 1 January 2012 and its replacement by the Director of Operations Craig Jelinek.

Stryker (-1.23% to 48.24 dollars) will acquire Concentric Medical, specializing in the manufacture of products for the treatment of ischemic stroke, for $ 135 million.

Gold endless chain of historical records. On Wednesday, a day marked by a new slump in stock markets, gold futures have surpassed for the first time in history the threshold of 1800 dollars to 1801 dollars an ounce, up 3% on the New York Commodities Exchange (Comex). Spot prices have touched the session 1796.86 dollars an ounce. Expressed in euro, they also reached the historic high of 1,255.89 euros per ounce.

Since the rating is downgraded the sovereign debt of the United States by Standard and Poor's Friday, gold benefits from a surge in risk aversion. "Investors are panicking, they lost all their bearings," said Djillali Hacid, technical analyst at XTB France. As the equity markets, traders do not seem convinced by the various rescue plan intended to secure the sovereign debt, in Europe and the United States."For investors, there is no way for these debt problems. What is proposed is that tinkering is not reassuring and that does not seem able to avoid contagion, "says the analyst. Evidence of the distrust of the operators, the gold had increased its earnings even as the President of the European Central Bank (ECB), Jean-Claude Trichet, suggested that the bond buyback program could resume in support of the Spain and Italy, two countries under pressure from the markets paydayloan.

In addition to fears of contagion gloomy growth prospects in the world and especially in the United States where poor indicators are linked in recent days.

In this context trouble, investors consider gold as a safe haven that allows them to cope with economic uncertainty and turmoil in the bond markets.However, riskier assets suffer warning signs that multiply in the global economy, suggesting a slowdown in growth. Oil is one of those sensitive assets.

Soaring gold prices will last

For the coming months, so difficult to imagine a sudden drop of the metal king. The upward pressure is reinforced by the central bank buying. That of South Korea said Tuesday it had bought 25 tonnes of the precious metal on world markets between June and July, a first in thirteen years. In addition, "the attraction of gold is enhanced by the fact that no central bank has control of its course and can not intervene to limit its power," unlike the refuge currencies such as the Swiss franc and the Japanese yen, said Kathleen Brooks, an analyst at Forex.com.

"The growth potential of the gold is enormous.There is not for everyone and if anyone wanted to buy did, prices would rise even higher, "says one in XTB.

While European stock markets, starting with Paris, still closed on Friday decreases, Baroin called to remain calm. The Minister of Economy, which had cut short his vacation to "take stock with his teams," according to the Elysée, stressed the need to "keep a cool head and not make a tracing paper of the excitement that can be observed on a given market. "

Invited to France Info, just after the close of the Paris Bourse, which for the first time ever signed a tenth meeting of consecutive decline, including the minister explained that "the questions posed from a double question mark: the character of the strong global economic growth and the important issue in Europe and worldwide of this problem of public debt. "

On this last point, Baroin said that "the determination of the 17 heads of state of the euro area should not doubt the investors." And remember, in reference to the plan of aid to Greece reached July 21, that "in Europe, there was an agreement by the Heads of State very important because it offered answers online cash advance. These responses must be heard by the markets. "

Latency

The Minister of Economy, however, admitted that there was "a latency reduction" between the announcement of the plan, which is "a good plan," and its practical implementation. It must indeed be ratified by national parliaments. In this regard, Baroin was keen to dispel doubts about the possibility of rejection by the German parliamentarians. "The plan will be voted on July 21. There is no other way to protect our currency which is the common good of the countries in the region, "said he.But "time is not the Democratic one click of a market operator," he said.

In order to "restore investor confidence," Baroin also ensures that "we must strengthen the governance of the euro area to make it optimal."

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It's a real competition gigatisme. After the announcement by Prince al-Walid to build a tower more than a thousand feet high, the Burj Dubai skyscraper almost seem "small." Yet, this tower, which rises to 828 meters currently holds the record for the tallest tower in the world. And the number of buildings approaching that height now record, will increase in coming years.

The popularity of the towers is very strong especially in emerging countries, which will soon appear three new skyscrapers lying in a range in height from 500 to 800 meters. Symbols of modernity and economic development, they show by their names prosperity of their city or country. The Makkah Clock Royal Tower (601 m) should be opened in Saudi Arabia at the end of this year.The draft Jakarta Tower (588 m) in Indonesia, launched in 1997, should finally set up in 2012. As for the tallest tower in China, the Shanghai Tower (632m), with completion scheduled for 2014.

United States, where the tallest buildings are just above half a mile, top of a building 541mètres should dominate the sky in 2013. This is a skyscraper built on the ruins of the World Trade Center.

After the immediate relief, the scrutiny. The decisions of the EU summit in distilled As the day of Thursday, had caused a real euphoria in the markets. The important thing was then to resist the further analysis which would not fail to deliver the observers. Result: the markets have continued to welcome a plan that went far beyond their expectations, even though Citigroup, Goldman Sachs and Barclays, we regretted not getting an expansion in the size of EFSF (European financial stability).

Real financial thermometer, the CDS (credit default swap) of Greece – or the premium paid by investors seeking to insure against the default risk of Athens – had symbolized the tension alone: ​​this instrument has lost 500 points these hours to reach 1500 bps.As recently as Monday, July 18, he had earned in 2568 basis points. In this case, the ISDA – the professional body responsible for deciding whether to initiate hedges and therefore pay those who hold them – decided on Friday that the European level do not justify.

A first in the euro area

Conversely, the rating agency Fitch has confirmed that it would place Greece in "selective default". This penalty – provided from the time the private creditors were asked to contribute to the rescue of Greece – a first in the euro area. The default is "selective", only a portion of the loans in Greece are concerned. There will be temporary. Fitch says it will award the following further notes that Greece will consider reducing the weight of its debt.

Behind these technical quibbles lies a considerable challenge.Whether the 50 billion of impairment suffered by the financial sector to come to the aid of Greece are yes or no if a "unique and exceptional" as European leaders have hammered. These statements have not prevented Fitch stressed that the Greek case did constitute a "precedent", when Ireland and Portugal are far from out of the woods. "This means that Ireland and Portugal have eighteen months to put up their house in order, they will suffer further degradation of their rating," warns Gary Jenkins, head of research at Evolution.

Apart from Ireland and Portugal, the first priority was to stop the contagion to Spain and Italy. On this point, the efforts have paid off. The rates at which these two countries borrow on the markets have significantly relaxed this week.

This renewed confidence has yet to confirm."We see four risks in the plan," detailing the Societe Generale analysts. Get ahead of the national parliaments, first. Limit the duration and impact of selective default, then. Confirm a response rate of 90% of creditors to the plan – in this respect, the French banks said they would meet there. And, last but not least challenge: that Greece found a dynamic itself.

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The New York Stock Exchange opened slightly higher Thursday, supported by a better than expected in the United States and hopes of resolving debt crises, despite disappointing figures on U.S. employment: the Dow Jones gained 0 , 16% and the Nasdaq 0.15%. The Dow Jones Industrial Average is 19.75 points to 12,591.66 points and the Nasdaq, dominated by technology, 4.30 points to 2818.53 points.

On Wednesday, the New York Stock Exchange completed a small drop in session hesitant, catching her breath waiting for concrete solutions to the debt crises in the U.S. and euro area.

President Barack Obama received Wednesday several leaders of Congress and the White House has once again expressed confidence in a political solution to the crisis of debt before August 2, to avoid a default."I expect us to find a solution," the president said in an interview with local TV KMBC Kansas City, renewing his call for compromises from both sides, whether its Democratic allies or his Republican opponents.

As on other major exchanges worldwide, operators will also have their eyes riveted to Brussels where 13 hours started at the extraordinary summit of the leaders of the euro area. The latter will try to find a solution on a new plan of aid to Greece to avoid contagion of debt to other countries deemed weak in the euro area. According to draft conclusions of the EU summit, the conditions of loans to Greece would be reduced. The idea of ​​bank tax was abandoned.

Busy schedule

On the foreign exchange market, the euro rebounded sharply against the dollar Thursday, buoyed by the draft agreement at the summit of the euro area in Brussels. Around 1330 GMT (1530 Paris), the single European currency was worth 1.4322 dollars against 1.4212 dollars around 2100 GMT Wednesday, after getting off to 1.4139 to 10:30 GMT. The euro climbed also clearly against the Japanese currency at 112.63 yen against 111.94 yen yesterday.

Oil prices were moving up slightly at the opening in New York, the market welcomed with relief the first details of the draft agreement between leaders of the euro area to meet the debt crisis cash advance today.Around 1:15 p.m. GMT on the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for September delivery was trading at 98.84 dollars, up 44 cents from the previous day.

On the macroeconomic front in the U.S., the day will begin with the weekly jobless claims. They proved disappointing: the number of new unemployment benefit recipients back to 418,000 people during the week of July 10 to 16, the figures Aoccdrnig Department of Labor. Analysts had forecast 410,000 new registrations.

Values ​​to follow

The side of values, the publications will continue today before the opening of Wall Street including Travelers, Pepsico, Morgan Stanley, United Continental and AT & T.

Investors will pay particular attention to Intel as Thursday.The world of microprocessors released after the market close, quarterly results better than expected. Net income progresséde 2% to 3 billion, a record turnover, up 22% to 13.1 billion. The title loses 1.78% to 22.58 dollars.

For its part, American Express Financial Group exceeded market expectations by announcing Wednesday an increase in earnings in the second quarter from 31% to $ 1.3 billion, thanks to higher costs to its customers on the cards crédit.Le of revenue has in turn increased 12% to $ 7.6 billion, above the 7.35 billion expected by analysts. The title earns 1.42% to 52.83 dollars.

For its part, the distribution group online eBay issued a net profit of 283.4 million dollars for the second quarter, down 31% due to the acquisition of marketing services GSI Commerce. The action wins 2.68% to 34.06 dollars.

Always on the side of values, Google (0.83% to 600.28 dollars). would grow in telephony. The Internet giant has begun discussions to buy the specialist in mobile phone technology InterDigital says the Wall Street Journal. The newspaper said the interest of the Internet giant for InterDigital comes in the wake of its failure on the redemption of certificates of the Canadian telecom equipment supplier Nortel. InterDigital, with a market capitalization of $ 2.8 billion, he is studying a possible sale.

The lack of consensus in Washington on ways to prevent a default by the U.S. Treasury in early August was still crying Friday. "We are clearly running out of time we have left. So I asked members of Congress to give me, within 24 to 36 hours, an indication of the plan that will raise the debt ceiling, "said Barack Obama. The American president has reiterated its willingness to accept adjustments in social programs, that number of elected its own camp, however, refused. But he asks the same time to give the Republicans on tax increases, or at least, on the elimination of tax loopholes, "The Republican voters are willing to (in) to accept," he said, citing recent surveys.

"We're not Greece or Portugal. We do not need to do something drastic, "said Barack Obama.The situation of the United States is indeed very different from the peripheral countries of Europe are grappling with the crisis of sovereign debt. Nevertheless: the absence of a congressional vote before August 2, the U.S. Treasury can no longer borrow as it has already reached the limit of its debt. It would be forced to stop paying some of its creditors.

"Golden Rule" Republican

Shortly before the intervention of Barack Obama, John Boehner, chairman of the House of Representatives, promised the adoption by his fellow Republicans of a "robust plan" to raise the debt ceiling to 2.4 trillion dollars. This text does not include any tax increases, cap on federal spending and also provides for the adoption of a constitutional amendment such as "golden rule" to prevent budget deficits. In other words, it is unlikely to generate a consensus in the Senate.Barack Obama has confirmed that he opposed it.

In the Senate, bipartisan negotiations, subtle and inventive, continue. The leaders of both parties hope to combine a reduction of expenditures in the order of at least 1 000 billion over ten years, raising the ceiling to be de facto delegated by Congress to the President.

The aim is to enable elected not to vote explicitly for raising the ceiling or to the tax increase. Increasing the cap would take place in three stages and maximum total amount would be 2 500 billion, just enough to allow the Treasury to pay all his debts until after the 2012 elections.

According to the proposed scheme, only two-thirds majority in both houses can block increases ceiling decided by Barack Obama. It does not say that this effort to succeed.Or that the elected House of Representatives accept the principle or detail. The installation is complicated as it may be associated with a new method of reduction in social health (Medicare) and retirement (Social Security). A bipartisan commission would draw up by the end of a list of savings to be realized.

The numbers are staggering. In Germany, the financial damage caused by cyber crime amounted to 61.5 million euros in 2010, according to figures released Thursday by the criminal police and the Federation of high tech Bitkom. This is equivalent to an increase of 66% over the previous year. As the United States, the FBI estimated the cost of crime to some digital $ 560 million in 2009. A world-wide, according to McAfee, cyber crime would have generated some 1000 billion in 2008, about 1.64% of world GDP for that year. Remains that, without minimizing the scale of the scourge, these figures are perplexing.

Many experts give little credence to these studies because most of them emanate from computer security specialists. For the record, other than McAfee is the world number two antivirus software.In addition, "less than 10% of companies report having experienced cyber attacks," said Jean-Paul Pinte, senior lecturer in strategic intelligence at the Catholic University of Lille. According to the specialist risk management and cyber terrorists of enterprises affected societies fear the bad publicity due to media coverage of cyber attacks.

Jean-Paul Pinte, "we know nothing of the legacy and financial losses suffered indirectly." He added: "If an attack is to relieve a company of sensitive information, loss of data will generate multiple costs, such as loss of competitiveness, or the upgrading of security."

"Hard to get a comprehensive view"

Director of the National Security Information Systems (Anssi), Patrick Pailloux abounds in this direction."When a site is the victim of an attack, he takes as an example, it is first blocked, causing a shortfall. Then we must add additional costs to set up a hotline strengthened. "And on the practices of industrial espionage initiated via the Internet," How can we measure in terms of losses that a competitor could steal ?, "asks the director of Anssi. Clearly, "it is difficult to get a comprehensive view of the problem," says he.

Despite these criticisms, these figures are held up to each event on Cybercrime. However dated, the estimated one trillion dollars of McAfee is authoritative. Last May, it appeared even in the "reminder" of the fourth Parliamentary Forum on Information Society in Geneva, on the initiative, among others, the United Nations.Trompe-l'oeil, the text quoted a source stamped Europol, the pharmacy police intergovernmental European Union, which actually refers to the numbers … the software publisher.

If governments do not hesitate to chopping these impressive figures, it is often necessary to legitimize, but costly reinforcement of their agencies against digital piracy. Or clear, make the pill easier to swallow from taxpayers. In January, the UK has estimated that cyber attacks cost him a whopping 27 billion pounds per year (32.2 billion euros) in a government study.An amount (by far) greater than the harm claimed by the United States … A few days before making public figure, London has announced the release of 650 million pounds over four years to "strengthen its cyber security "…

International cooperation in the war-horse

Without waving the national figures, France is no exception, as evidenced by the announcement of piracy Bercy in March. Patrick Pailloux it was for the state to "lead by example" to encourage companies to report piracy they wipe. The Director of Anssi said that 150 computers were then infiltrated by hackers to steal documents for the French presidency of the G20. "We were able to counter the threat," he goes on, noting that thirty experts have been mobilized for two months to "clean up" more than 130,000 positions in the Department.A communication that is timely, since Anssi plans to double its workforce (360 employees) by 2013.

Such methods may be distasteful, but experts and politicians agree: there is no time to waste on the face of digital crime. "For a long time in France, we thought that hacking and computer intrusions were not really dangerous, says Jean-Paul Pinte. But now we know that it's become a real business, and that the threat can come from anywhere: a simple USB key, hard drives or even photocopiers, which, connected to the Internet can become the target of hackers ".

Therefore, international cooperation, which requires significant resources, is "a priority," insists Patrick Pailloux. And for good reason: "90% of attacks are international," says the director of Anssi.In the columns of The Tribune, Laurent Wauquiez, Minister for European Affairs, recently recalled that a hacker "can be installed in Latvia, while in France to intervene through a Canadian site." He even considers urgent that Europe adopts "a kind of cyber-FBI-backed Europol" to stem the digital crime. And one last statistic to shoot, ensuring that "a user of thirty lost money in Europe over the last year" due to a hacker.

Businesses, prey selection

Having surveyed 45 U.S. companies in 2010, the Ponemon Institute found that on average, the financial damage caused by hackers and data theft was $ 3.8 million.Like that of McAfee, this figure is to be taken lightly, as though Ponemon shows his independence, his study was commissioned by ArcSight, a specialist in digital security. However, it appears that large groups are increasingly being targeted by hackers. Since the beginning of the year, the list of companies or institutions that have suffered cyberattacks has continued to grow. Sony has suffered more than ten attacks since mid-April, leading to theft of confidential data of more than 1 million customer accounts. Recently, Sega has had the same misfortune: the editor of the series of Sonic hedgehog found in mid-June have been stolen names, email addresses, birth dates and passwords of almost 1.3 million customers on its servers.Google or Citigroup also suffered cyber attacks.

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François Gipouloux specialist in the Chinese economy and researcher at the Ecole des Hautes Etudes en Sciences Sociales (EHESS)

U.S. stock markets, should decline to open Monday. Futures on Standard & Poor's 500 and Nasdaq 100 recede by 2% to 1314.90 points and 2320.25 points to 2.06%. On Friday, the NYSE has closed down, yielding to concerns about debt Greek and dragged down by disappointing results considered in the distribution sector. The Dow Jones lost 0.74% to 12,512.04 points and the Nasdaq 0.71% 2803.32 points. For its part, the broader index Standard & Poor's 500 fell 0.77% to 1333.27 points.

Wall Street has been particularly impacted by the poor performance of the distribution sector, while groups of clothing Gap and Aeropostale have published results below expectations and disappointing forecasts.

At the same time the sovereign debt crisis in Europe should still produce their effects.On Friday, ratings agency Fitch Ratings lowered by three notches to note the long-term debt of Greece and warned it might lower it again in the coming months. At these fears have been added turning on negative outlook of the Italian debt by Standard & Poor's and the defeat of the Spanish government in local elections Sunday, while the country's fourth largest economy in the euro zone, has a social rebellion Unpublished.

On the foreign exchange market, the euro fell sharply against the dollar on Monday, falling below the $ 1.40 for the first time in over two months. About 11:00 am in Paris, the European single currency was worth 1.3982 dollars against 1.4155 dollars on Friday night. The oil prices were also down sharply penalized by the rising dollar.Around 24:00 in Paris, a barrel of Brent North Sea crude for July delivery traded at 109.34 dollars on the InterContinental Exchange (ICE) in London, dropping $ 3.05 from Friday's close. In electronic trade the New York Mercantile Exchange (Nymex), a barrel of light sweet crude (WTI) for the same period fell by 2.78 dollars to 97.32 dollars.

On the macroeconomic front there is no major indicator on the agenda of U.S. investors on Monday. The rest of the week will include more animated with new home sales tomorrow, as well as expenses and income of households, Michigan index, and promises of sales Friday.

Corporate results will also rare that week. Investors should remember, however, the publication of Applied Materials, Tuesday, and especially the speech that accompanies it.The group was downgraded by Goldman Sachs Friday because of a reduction in forecast request to the semiconductor industry. The same day, Compuware will also give his views on the changing demands of business and therefore on the strength of their investment in information technology. Specialist Wholesale, Costco is also expected and HJ Heinz. Finally, luxury will be honored, with Polo Ralph Lauren (Wednesday) and Tiffany & Co (Thursday).

The side of values, the U.S. group Fortune Brands continues to focus on liquor by selling its activities in the Gulf for $ 1.2 billion in cash, according to an advisory opinion Monday on the website of the U.S. stock market authorities. Fortune Brands had said last month that these activities, grouped in the Acushnet Company, had intended to leave the group.The acquirer is a special purpose company formed by the sporting goods company Fila Korea and Mirae Asset Investment Funds Private Equity. Fortune Brands plans to complete its focus on alcohol during the second half. It still needs to make it to split its business into the locks and fittings, Fortune Brands Home & Security, whose shares will be distributed to current shareholders of the conglomerate. Following these transactions, the group will be renamed Beam, in reference to its flagship brand, Jim Beam bourbon, whose roots date back to 1795. The future group Beam have in its portfolio of brands such as Maker's Mark (bourbon), Sauza (tequila), Courvoisier (cognac), Canadian Club (Canadian whiskey) and Teachers (Scotch whiskey).

For his part, Foxconn Technology Group has suspended production at its Chinese plant in Chengdu, which produces iPad2 including Apple, following an explosion.Also according to Reuters, Apple will launch a streaming service and storage online music, having concluded agreements with Warner Music Group (WMG), EMI Group and Sony Music Entertainment.

Marvell Technology has announced an investment of $ 200 million to Israel for accelerated research and development of key technologies in the field of mobile communications.

Pfizer received U.S. regulatory approval of the drug (FDA) on Sutent (sunitinib malate) for treatment of certain rare types of pancreatic cancer.

Sears Holdings has announced the resignation of its chief financial officer Michael Collins. William Phelan, vice president and in charge of management control, will temporarily replace it.

The professional social network LinkedIn, should still be under the spotlight after his triumphal entry into the stock market last Thursday.