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Dow, S&P rebound on banks, but Nasdaq sours with Apple
REUTERS – Stocks mostly rose on Wednesday, boosted by a rally in bank shares, though a steep drop in Apple limited the advance and kept the Nasdaq in negative territory.
Trading was volatile, with the S&P 500 dropping into negative territory at one point and the Nasdaq falling more than 1 percent before rebounding. The Dow, which doesn’t contain Apple Inc (AAPL.O) as a component, climbed...
Import mobile phones cost too much money for Vietnamese
Despite the current big economic difficulties, the mobile phone market has been growing steadily. The national economy has spent billions of dollars to import the luxurious products.
A report by the General Department of Customs (GDC) has shown that Vietnam had spent 3.7 billion dollars by October 15 to import mobile phones and accessories.
The money spending race
The people, who call themselves the...
S&P 500 erases loss as apple rally paces technology rebound
The Standard & Poor’s 500 Index erased an earlier loss as a rally in Apple Inc. (AAPL) sparked a rebound in technology shares.
The S&P 500 rose less than 0.1 percent to 1,406.91 at 2:36 p.m. New York time, reversing a decline of as much as 0.7 percent.
Apple jumped 1.3 percent as it sent out invitations to a Sept. 12 product event in San Francisco, where the company is expected to introduce...
US STOCKS-Wall St edges up as 4-yr high eyed; Apple sets record
NEW YORK, Aug 17 (Reuters) – U.S. stocks edged higher on Friday with traders eyeing a breakout to a new four-year peak and a new all-time high for Apple shares boosting the market.
The S&P 500 jumped above the closely watched 1,400 level in the last session, posting its biggest gain in two weeks and lining the index up for a move to its highest level since May 2008, just a handful of points...
Tablets, smart phones still sell well
The demand for tablet computers and smart phones in Vietnam is still growing at double-digit rate, sparking hope for the hi-tech product market despite the current trend of consumers tightening their purse strings.
The purchasing for smart phones records growth rate of 10-15% at present. Several mobile retailers expected the growth of 20% in the next six months for products priced around VND3 million.
However,...
Apple shares close over $500
Apple shares surged past $500 for the first time on Wall Street on Monday, powered by reports a new iPad may be unveiled next month.
Apple shares gained 1.86 per cent during the day to close at $502.60 after hitting a record $503.83 shortly after the opening bell.
Apple shares passed $400 on July 26 and the California gadget-maker has displaced oil giant ExxonMobil to become the largest US company...
Apple shares fall slightly after Jobs resignation
Apple shares fell only slightly on Wall Street on Thursday as investors digested the stunning announcement of the resignation of the company’s co-founder and visionary Steve Jobs.
Shares in the Cupertino, California-based gadget-maker shed 0.65 per cent to close at $373.72 after having dropped as much as 5.3 per cent in after-hours trading overnight following the announcement.
Jobs, who underwent...
Apple shares hit record high ahead of earnings
Apple shares hit a record high on Wall Street on Monday ahead of what is expected to be another blockbuster quarterly earnings report by the California gadget-maker.
Apple shares reached $374.65 during trading in New York before closing at $373.80, a gain of 2.43 per cent on the day.
Apple is to release its fiscal 2011 third-quarter results on Tuesday after the closing bell on Wall Street.
Financial...
Taiwan’s HTC rejects fresh Apple patent claim
Taiwan’s leading smartphone maker HTC on Tuesday dismissed fresh patent infringement claims by US giant Apple as the legal battle between the rivals escalated.
Apple Monday filed a complaint against HTC with the US International Trade Commission (ITC) — which is already reviewing three other disputes between the two — over five cases linked to technology used in the iPad and iPhone.
It...
Apple to launch new iPhone in third quarter: WSJ
Apple plans to launch its next-generation iPhone during the third quarter of the year, The Wall Street Journal reported on Wednesday.
The newspaper, citing “people familiar with the situation,” said Apple has placed orders for key components to used in the new version of the iPhone and that it would be thinner and lighter than the iPhone 4.
Apple released the iPhone 4 in June 2010.
“Apple’s...
