That's the average prediction for 11 analysts polled by Bloomberg News. Goldman Sachs's David Kostin, Bloomberg's most accurate U.S. strategist this year, is even more bullish. He says sales growth will spur a 17% rally in the S&P 500 through the end of 2011.
Panasonic is gearing up to challenge Nintendo and Sony with a new handheld video-game player code-named "Jungle," Bloomberg News reported Tuesday. After leaving the portable-gaming market a decade ago, can this new device make Panasonic a major player?
A new Bloomberg poll shows 68% of investors say Obama's policies are "detrimental to the U.S. investment climate." That's despite soaring corporate earnings and a huge bounceback in stock prices during his administration. Somewhere, there's a disconnect.
After rumors last month that Yahoo had offered to buy coupon service Groupon for between $1.5 billion and $3 billion, the company is seeking an undisclosed amount of venture-capital funding at a valuation of between $2 billion to $3 billion.
BP Plc may sell as much as $3.5 billion in debt as early as today, marking the oil giant's first bond sale since its Deepwater Horizon rig exploded in the Gulf of Mexico in April.
Gold prices reached a record $1,308.90 an ounce Tuesday after earlier price declines and continued low interest rates spurred investors to buy bullion. Gold, which earlier had its biggest intraday decrease in more than two months, reached a record high for the eighth time in two weeks.
President Barack Obama pushed for stricter teaching standards and a longer school year as effective methods to improve the American education system, Bloomberg News reported, citing Obama's appearance on NBC's "Today Show."
Brocade Communications shares surged today on investor speculation that IBM may acquire the company, which makes switches for data-storage networks.
