According to reports in foreign media, a survey conducted by the British Children's Food Campaign shows that many Heinz products contain too much saturated fat, salt, and sugar, and hence they pose a threat to the health of children who eat them. The Children's Food Campaign, reportedly started a survey entitled "junk food for babies" in [...]

The markets received a boost from the financial sector as investors awaited news on the government stress test. The DJIA was up 1.2% closing at 8512.28. The S&P 500 and NASDAQ 1.74% and 0.28% respectively. The 10 year saw yields shrink to 3.12% while real assets had mixed results as Gold ended up to settle at $911.9. Oil was down to $56.23 at the close of the NYMEX trading.

Walt Disney [DIS: 25.87, +2.72 (+11.75%)] helped the composites as it posted stellar first quarter earnings despite write downs and weak results from its movie and theme park segments. Disney reported a 46% drop in profit making $613 million compared to $1.13 billion during the same period last year. Disney saw revenues slip a meager 7% to $8.07 billion this past quarter. Write downs and restructuring costs came from radio licenses as well as investments in foreign media companies.

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According to foreign media, having opened its first Chinese retail store in Beijing, Apple has announced that its second retail store in China will be opened soon. Prior to this announcement, Apple has launched its Chinese official website, on which the company sells refurbished products to Chinese consumers at discounted prices. The website reportedly sells a [...]

According to foreign media, Apple's unlocked iPhone with 3G function is being sold in the company's online retail store in Hong Kong. At present, the Hong Kong Apple website is selling the 3G iPhones with capacities of 8 gigabytes and 16 gigabytes. The advertisement on the website says that all the handsets for sale are [...]