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PowerShares Launches Ultra-Short-Term Bond ETF, Cash Alternative

Invesco PowerShares has debuted an ultra short term Treasury bond exchange traded fund that catered toward investors in need of posting collateral or a safe haven to park their cash On Thursday PowerShares rolled out the PowerShares Treasury Collateral Portfolio NYSEArca CLTL...
Posted On 13 Jan 2017

Dow Jones Industrial Average Drops Ahead of Earnings Season; Nasdaq Snaps Win Streak

The 160 Dow Jones Industrial Average DJIA spent the day in the red down more than 180 points at its intraday low but managed to pare the majority of these losses by the close Traders continued to mull over Wednesday s press conference from President elect Donald Trump Source
Posted On 13 Jan 2017

Nissan picks London for first European on-road autonomous car tests

LONDON (Reuters) – Japanese carmaker Nissan said it will conduct its first European real-world trials of self-driving cars in London, choosing Britain just months after it said it would build two new models in the country despite concerns over Brexit. Source
Posted On 13 Jan 2017

U.S. appeals court revives antitrust lawsuit against Apple

SAN FRANCISCO (Reuters) – iPhone app purchasers may sue Apple Inc over allegations that the company monopolized the market for iPhone apps by not allowing users to purchase them outside the App Store, leading to higher prices, a U.S. appeals court ruled on Thursday. Source
Posted On 13 Jan 2017

Nintendo disappoints with $299 price for new Switch console

TOKYO (Reuters) – Nintendo Co Ltd on Friday priced its first console in about four years above market expectations, disappointing investors and clouding its prospects of winning back gamers who have shifted from consoles to smartphones. Source
Posted On 13 Jan 2017

South Korea investigators mull arrest warrant for Samsung leader: Yonhap

SEOUL (Reuters) – South Korean special prosecutor’s office is considering whether to seek an arrest warrant for Samsung Group leader Jay Y. Lee amid a probe into an influence-peddling scandal involving President Park Geun-hye, Yonhap News Agency reported on Friday. Source
Posted On 13 Jan 2017

Chinese tech giant’s Taiwan deals unravel as Powertech calls off share pact

TAIPEI (Reuters) – Taiwan’s Powertech Technology Inc said Friday it was terminating a share agreement with China’s Tsinghua Unigroup Ltd, unraveling more than $2 billion in deal-making that the state-run Chinese giant had hoped to seal on the island. Source
Posted On 13 Jan 2017

Taiwan’s Hon Hai, Japan’s Sharp considering LCD plant in U.S.: Nikkei

TOKYO (Reuters) – Taiwan’s Hon Hai Precision Industry Co Ltd and its Japanese subsidiary Sharp Corp are studying the possibility of building a liquid crystal display (LCD) plant in the United States, the Nikkei reported on Friday. Source
Posted On 13 Jan 2017

Amazon to add more than 100,000 jobs in U.S. hiring spree

NEW YORK/WASHINGTON (Reuters) – Inc on Thursday said it will create more than 100,000 jobs in the United States, from software development to warehouse work, in its latest move to win over shoppers by investing in faster delivery. Source
Posted On 13 Jan 2017

AT&T chief executive, Trump meet amid planned Time Warner merger

NEW YORK (Reuters) – AT&T Inc Chief Executive Randall Stephenson on Thursday met in New York with U.S. President-elect Donald Trump, an opponent of the company’s acquisition of Time Warner Inc . Source
Posted On 13 Jan 2017