A survey reported that millionaires feel wealthy in US$5 million mark. Not all millionaires feel wealthy, according to survey comprised of 4,500 affluent investors conducted by UBS.
Sectors
US home sales on the rise
New sales of homes in the U.S. rose by 8.3% despite higher mortgage rates. Sales of single-family homes in the United States increased by 8. 3% despite higher mortgage rates, the Commerce Department revealed in a Reuters report.
Dell Founder Raises Bid by US $150 Mln
Dell proposes an additional US $150 million to its initial bid. Michael Dell, Dell Inc. founder, increased his initial US $24. 4 billion bid with an additional US $ 150 million Wednesday.
Caterpillar faces bleak outlook this year
Caterpillar, Inc. faces bleak prospects this year as inventories get reduced and mining demand weakens.
Mitsubishi UFJ, to sell Thai unit for Ayudhya Bank stake
Mitsubishi UFJ plans to offer its Thai branch for a controlling stake in Bank of Ayudhya. Mitsubishi UFJ Financial Group Inc. has decided to offer for sale of its Thai branch to Bank of Ayudhya Pc1 for an 8% stake in the company, according to three sources familiar with the deal.
Latest News
The Prince of Cambridge received several notable visitors at Kensington Palace. The Prince of Cambridge left the hospital and spent his first with mom and dad in Kensington Palace.
Kareo, Inc., a medical office software and services company based in California, has bought ECCO Health.
MobileSpaces has acquired USD 8.6 million in Series B funding. Washington-based startup MobileSpaces announced that it acquired USD 8. 6 million from Marker LLC and Accel Partners at the close of its Series B funding round.
Addvocate has closed its Series A funding round with USD 2 million from Rogers Venture Partners and angel investor Karen Riley.
iPhone sales led to 5% increase in AAPL. AAPL, the symbol by which Apple stocks were traded on the stock market, soared. This was after Apple reported higher-than-expected quarterly results.
The pressure is on for Apple to launch new products. Several analysts pointed out that Apple needed to launch new products soon. Now, investors were also becoming concerned about the tech giant's status in the long term.
Latest figures for Apple were released recently. According to Apple's (AAPL) most recent report, the company's third quarter fiscal revenue beat analysts' forecasts, but predicts that this quarter's revenue will settle below expectations.
Apple's big sales boosted shares of its Asian suppliers. Despite strong sales from Apple in the general Asian market, the company's suppliers of screens and micro chips from the region are worried for the long term.
Apple's chief executive officer Tim Cook said in an earnings call that the company will definitely do something for the automobile.
