DuPont boosts 2010 forecast

DuPont boosts 2010 forecast: "NEW YORK (Reuters) - DuPont forecast 2010 earnings well above expectations on Tuesday, sending its shares up 4.1 percent, as the rebounding global economy continued to fuel the company's recovery.

Profits rise 98% at British Gas

Profits rise 98% at British Gas: "British Gas profits almost double as the company, which supplies half of households' energy, benefits from the cold weather"

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BP shares rise on asset sale talk

BP shares rise on asset sale talk: BP shares rise 6.9% on speculation it may have buyers for asset sales needed to fund the Gulf of Mexico clean-up

Wal-Mart names new U.S. CEO amid slumping sales

Wal-Mart names new U.S. CEO amid slumping sales: CHICAGO (Reuters) - Wal-Mart Stores Inc on Tuesday named Bill Simon to run its U.S. discount stores, which have struggled with sluggish sales as their core customer continues to be pressured by high unemployment. Wal-Mart is a Dow-Jones IA enlisted company. Its shares are traded on CFD market.

Oil spill: Obama to 'make BP pay'

Oil spill: Obama to 'make BP pay': President Obama vows to 'make BP pay' for the Gulf oil spill, and says the US must end its fossil fuel 'addiction'.

Will Switzerland Face Debt Crisis?

Monday, May 17 Swiss National Bank's Governor Philipp Hildebrand said that euro-zone debt crisis may reflect of economic recovery of Switzerland. Hildebrand mentioned that now price stability is at risk as appreciation of Swiss franc is exaggerated. All time minimum was hit on Monday, when EUR/CHF currency pair dropped to 1,4000 level, unseen previously. On Forex today the pair is in a tight range near 1,4000.

Philipp Hildebrand emphasized the necessity of making European policy stable. The SNB is trying to limit franc`s rise versus the euro. It intervened several times.

In his speech Hildebrand also focused on future of banking industry in the country. He mentioned the situation over UBS and Credit Suisse. The Swiss government decided to bail out UBS bank. According to SNB chief, large banks' investment banking had been a loss-making business for the country.

US CPI Increased 0.1% in March

US consumer prices rose 0.1% in March, the US department f Labor delivered today. The Consumer Price Index (CPI) rose 2.3% as compared to March 2009, signaling that the US economy is picking up strongly after the worst recession since World War II. The core index excluding fuel and food showed the same monthly reading signaling a 1.1% surging on yearly adjusted basis. The core CPI rate rose 1.1% from March 2009, after a 1.3% surge the previous month. The gain for the year to March turned out to be the smallest in last 6 years. The result was predicted by economists. 0.1% inflation remains within the frames forecast by the US government.

This spring such retailers as Home Depot and Wal Mart Stores offer a variety of discount programs encouraging retail sales.

CPI is a basic economic indicator measuringchange of retail prices for goods and services including food, clothes, fuel, transport, medical services etc.