Sunday, February 24, 2013

U.S. stock futures edge up as yen falls


U.S. stock-index futures tilt slightly higher in limited trade Monday, with U.S. markets shut for Presidents Day; European shares and industrial metals fell on concerns about the global economy, in particular the euro zone, with Italian elections adding to investor uncertainty. See full story..

OfficeMax, Office Depot mull merger: WSJ

Retailers OfficeMax Inc. and Office Depot Inc. are in advanced merger discussions, The Wall Street Journal reports, citing people familiar with the talks. See full story..

First rule of currency war: Don�t say currency war

The G-20 has given the green light to stimulative policies that will weaken the yen and other currencies, so long as policy makers don�t explicitly target foreign exchange. See full story..

Economy, like battleship, plods forward

Like an old battleship, the economy keeps plodding ahead even as potential bombshells splash all around. See full story..

Beware the Great Rotation

A careful review of historical fund patterns doesn�t provide much support for the so-called Great Rotation argument, writes Mark Hulbert. See full story..


Why is an old iPhone still worth hundreds of dollars? New research suggests a surprising explanation: hoarding. More than half of American consumers say they have two or more unused cell phones in their house. See full story..

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