Mobile TV chip maker gains funding

Posted by Financial Service News on August 15th, 2008

Mobile TV chip maker Siano Mobile Silicon Inc. has secured a third round of funding of $17.5 million.

Analysts sour on auto shares

Posted by Financial Market News on August 15th, 2008

Aug. 15 - Automotive stocks fell back at the end of the business week following a broker sector downgrade.

Cookie chain Mrs. Fields to file for bankruptcy

Posted by Financial Service News on August 15th, 2008

Cookie retailer Mrs. Fields Famous Brands LLC said on Friday it plans to file for Chapter 11 bankruptcy protection to help restructure its business, according to a U.S. Securities and Exchange Commission ...

Morning Watch, August 15

Posted by Financial Market News on August 15th, 2008

Stocks move higher Friday on decline in crude prices and better than expected economic news.

Ex-Apple lawyer settles in stock-backdating case

Posted by Financial Service News on August 15th, 2008

Former Apple General Counsel Nancy Heinen will pay $2.2 million to settle U.S. Securities and Exchange Commission claims she helped to backdate stock options for Chief Executive Officer Steve Jobs and other ...

Dollar Reaches Sixth-Month High Against Euro

Posted by Financial Market News on August 15th, 2008

The dollar powered to a six month high against the euro on Friday, boosted by jitters on shrinking euro area economic growth with extra fuel from position liquidation in commodities and energy markets.

Merrill May Cut Dividend for First Time in 37 Years, Options Trading Shows

Posted by Financial Service News on August 15th, 2008

Merrill Lynch & Co. Chief Executive Officer John Thain , battered by $19 billion of losses, vowed last week to maintain the firm's 35-cent quarterly dividend.

Stocks head for higher open as oil falls

Posted by Financial Market News on August 15th, 2008

Stock futures pointed to a slight advance Friday as oil prices dropped back below $114 a barrel, suggesting to Wall Street that consumers' energy bills will become more manageable.

Mortgage Rates Steady on Fed Target

Posted by Financial Service News on August 15th, 2008

Mortgage rates have held mostly steady for the second week in a row, as the market continued to digest mixed economic news and became comfortable with the Fed's rate target, which isn't likely to move any time ...

European shares hammer higher despite negative GDP data

Posted by Financial Market News on August 15th, 2008

Europe's main stock markets rose on Thursday, despite news of shrinking European economic growth in the second quarter, as heavyweight miners were boosted by higher commodity prices, traders said.


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