Financial news on October 16th, 2010
Business and Financial news
G.E. said profit from continuing operations rose 29 percent, to $3.16 billion. And earnings per share increased 32 percent, to 29 cents a share, beating expectations. Read more..
There are certainly good deals in the market, but the pitfalls are many. Read more..
Molecular Insight Pharmaceuticals, a biotechnology development company, reported positive results from a clinical trial of a treatment that detects prostate cancer, setting off a 65 percent gain in its share price. Read more..
The movie “The Social Network” succeeds, in part, by showing the selfishness and arrogance often displayed by young entrepreneurs. Read more..
The U.S. economy continued to show little sign of inflation as consumer prices eased marginally in September, a government report said. Read more..
Lawrence H. Summers, one of President Obama’s economic advisers, praised India’s people-centric economic system in a speech in Mumbai on Friday. Read more..
Google said it would launch its mapping service in Germany despite thousands of requests from citizens asking the company to delete their properties. Read more..
Scholars gathered at Columbia University to focus on the elite in American society and their relationship to the non-elite. Read more..
Lee Abrams, the company’s chief innovation officer, had been suspended earlier for sending an “inappropriate” companywide memo. Read more..
Exports of many countries, even China, appear to be stagnant after initially rising briskly after the financial crisis. The United States has fared better than some. Read more..