Fed Chief to Keep US Interest Rates Down

Fed Chairman—Ben Bernanke signaled that there would be no immediate tightening of fiscal policy, as he is committed to low interest rates for an extended period.
Bernanke said that the ongoing weakness in the labor market, coupled with low inflation, justifying a continuation of the Obama of the stimulus measures that maintain a promise to a [...]

US consumer confidence sees Sharp Falls

The confidence of consumers in the U.S. saw a surprisingly sharp decline in February with a view of the growing labor market and business conditions, says a survey.
The Conference Board Consumer Confidence Index fell to a 10-month low of 46, from 56.5 in January. Analysts expected a decline to 55
The report appeared to concern on [...]

Apple purges adult apps from iPhone

The developers have outrage over Apple’s decision to ban certain words, adult theme applications from the iPhone.
Thousands of applications with adult subjects have removed content from the memory has been since Friday, although some, like one of Playboy, they remain to be.
Apple has said that certain programs were removed after customer complaints.
Developer Jon Atherton is [...]

Microsoft Yahoo Search Engine deal Approved

Microsoft plans to buy Internet search engine Yahoo search and advertising companies have been approved by European and U.S. regulators.
The European Commission has decided that hinder the business “not significantly impede effective competition”.
Under the transaction, Yahoo’s web search engine is Microsoft Bing, and use the two companies will share revenue.
Microsoft is committed to increase their [...]

Growing Hole in UK finances

The government borrowed a further £ 4.3 billion in the last month of the growing hole in the finances of the British male, figures show.
It is the first time the government has borrowed money in January – normally a bumper month for income tax – since records began in 1993.
Andrew Goodwin, senior economic adviser to [...]