US stocks open higher as banks fall

US stocks have opened higher but bank shares are lower following Bank of America's quarterly earnings report, which came in close to expectations. Five minutes into trade on Thursday, the Dow Jones Industrial Average was up 41.31 points, or...

23.44 | 0 komentar | Read More

US housing starts rebound in December

CONSTRUCTION of new US homes rebounded in December, the Commerce Department says, capping a year of strong recovery in the industry. Housing starts grew to an annual pace of 954,000 units last month, rebounding from November's 851,000, which...

23.44 | 0 komentar | Read More

US jobless claims drop to five-year low

NEW US jobless claims dropped last week to the lowest level in five years as the ailing jobs market slowly improves, official data shows. Initial claims for unemployment insurance benefits totalled 335,000 in the week ending January 12, down...

23.44 | 0 komentar | Read More

Vic residents told to leave bushfire zone

RESIDENTS in the east Victorian town of Licola are being told to consider leaving their homes as a fast moving bushfire fanned by changing wind directions threatens the community. The fire in the eastern part of the Baw Baw National Park had...

23.44 | 0 komentar | Read More

Canberra community remembers 2003 fires

A DECADE on from the fatal Canberra firestorm, the community will gather for a low key commemoration service. On January 18, 2003 a bushfire killed four people and destroyed more than 500 homes on the city's western edge. In the shadow of the...

23.44 | 0 komentar | Read More

NRA head defends using Obama girls in ad

THE head of the powerful National Rifle Association has defended his group's mention of President Barack Obama's daughters in a web ad criticising the administration's moves on gun control. "Our point is not about the president's kids. It's about...

23.44 | 0 komentar | Read More

Apple's iPhone business 'has no future'

APPLE is going to be trading sideways for the next 12 months, says Pacific Crest analysts Andy Hargreaves and Corey Barrett. They are downgrading the stock to "sector perform" and giving it a price target between $US440 ($A417) and $US550 ($A522)for...

23.44 | 0 komentar | Read More