Trader scoops up small-cap Wi-Fi play "Halftime Report" trader Joe Terranova is buying shares of a small-cap technology company, whose products facilitate access to Wi-Fi networks.
| By: Giovanny Moreano
US wins WTO ruling on Chinese speciality steel tariffs GENEVA, July 31- China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The United States brought the case in 2010 after China slapped punitive duties on U.S. exports of grain oriented flat-rolled electrical steel, used in the...
New Bank of England policymaker says to fully sever hedge fund links LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all financial links with his previous employer, hedge fund Brevan Howard, to avoid any accusations of a conflict of interest. Britain's finance ministry said this did not pose a conflict of interest. "As of August 31st I will have severed all financial and other ties...
Why Samsung's slashing Galaxy prices Samsung announced plans to reduce the price of its Galaxy S6 and S6 Edge, indicating an effort to boost its lagging smartphone sales.
| By: Althea Chang
UPDATE 2-Royal Caribbean raises forecast as demand improves; shares surge *Raises FY profit to $4.65- $4.75/ shr from $4.45- $4.65/ shr. Royal Caribbean, the world's second-largest cruise operator by revenue, is more focused in the Caribbean, which accounts for nearly half of its total capacity. Royal Caribbean was seeing the fastest growth in the Asia Pacific region, particularly in China, where more than 95 percent of the cruises were...
| By: Nayan Das
FOREX-Dollar ends July on sour note on weak U.S. labor cost data *Dollar index on track for 1.2 percent gain in July. *Upbeat core inflation data bolsters euro. NEW YORK, July 31- The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note as a record-low rise in U.S. employment costs in the second quarter dialed back bets the Federal Reserve would raise interest rates later this year.
| By: Richard Leong