TSX ends at two-week low after IMF warning

TORONTO (Reuters) - Canada's main stock index marked its lowest close in almost two weeks on Tuesday, tracking a sell-off in world equity markets after the IMF said the global economic slowdown is worsening.

All 10 of the index's sectors fell on a wave of negative signals, including the stark warning from the IMF as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills would prolong the slump.

Commodity and financial shares were among the hardest hit. Barrick Gold sank 3.7 percent to C$39.60, Goldcorp Inc lost 3.9 percent to C$43.45 and Manulife Financial fell 3 percent to C$11.95.

"I think the IMF (report) is what people are paying attention to. But it struck me as being a little bit late ... current economic news coming out of the U.S. has been a little bit better rather than worse," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.

Other news from Europe also kept investors on edge as uncertainty about when Spain will apply for a bailout worried markets, as did concerns about Greece's debt load.

The Toronto Stock Exchange's S&P/TSX composite index <.gsptse> ended down 145.42 points, or 1.17 percent, at 12,273.57. It was the weakest closing level since September 26.

Looking ahead to Wednesday, investors are expected to take their cue from U.S. aluminum producer Alcoa Inc , which kicked off earnings season with a third-quarter loss after Tuesday's market close. <. readability="9">

Analysts forecast third-quarter earnings of S&P 500 <.spx> companies will drop 2.3 percent from the year-ago quarter, according to Thomson Reuters data, which would be the first drop in U.S. quarterly earnings in three years.

(Reporting by Claire Sibonney; editing by Peter Galloway, Andrew Hay and Dan Grebler)

Source: http://news.yahoo.com/tsx-set-open-lower-global-growth-outlook-124544190--finance.html

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Cloud Computing: Changing Technology In 2012 | TechBurgh ...

Technology is ever changing and growing. For a business to survive and for people to have the latest products and service, technology must grow so that business operations run more efficiently so the consumer can enjoy products that make their lives simpler.

So it isn?t surprising that people are jumping on the new technology that is Cloud Computing, often referred to as just the Cloud. The Cloud offers a way for businesses and individuals to save data, files, software applications and other resources in a remote backup data center located on the web. With this new remote backup storage available, it has made working with documents and programs easier.

This is one of the reasons that companies and organizations are spending close to $109 billion on Cloud Computing, with an expected $207 billion expected to be spent by 2016, according to DailyFinance.com. With businesses pouring such funds into software and programs that run on the Cloud, individuals will be seeing a variety of programs and devices become available during the upcoming years.

Mobile Technology Affected By The Cloud

While computers will have access to the backup storage and applications, the Cloud will also be available to all mobile technology. Laptops, smartphones, and tablets will all have access to Cloud technology so long as they have Internet connection. This is a great asset, since these mobile devices have a limited amount of memory and data storage space available to download every application that the mobile user will want to use.

Instead, these software applications can be accessed online without having to be downloaded and installed. This saves valuable disk space and allows mobile users to access the information on the go anywhere in the world. People who travel while on business will have the information and documents they need at the touch of their fingertips on the touchscreen.

Programs Becoming More Compatible With Cloud

Due to this mobile technology of touchscreen combined with Cloud, companies are redesigning programs that will utilize all these features. Microsoft offers a redesigned word processor document for those mobile users who have tablets, according to GantDaily.com. The program combines Cloud Computing with social media networking as touchscreen mobile users can create documents and save them in the remote backup storage.

With software and mobile applications available through Cloud, how will businesses be able to make a profit from consumers? A software company now can have the consumer pay a one-time usage fee for the application, or the consumer can be placed on a pay-as-you-go program where they pay the software company a small fee anytime they want to use the program.

When New Computer Platforms are Available, Tech Innovations Appear

This new computing platform has opened the tech gate for innovators to reap the benefits by creating and adopting new technologies that use Cloud. The year of 2012 will mark the dawn of the computing platform, but it will not be the end of what the tech world will see in computing. It will become an exciting time for consumers and businesses who jump on the bandwagon and accept how Cloud can change how backup data and applications are stored.

Will information be safe on the web from hackers or viruses? Will it make software applications and general computing more efficient for users? Or will technology be able to discover the full possibilities of Cloud? Only time will tell.

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Source: http://www.techburgh.com/2012/10/10/cloud-computing-changing-technology-in-2012/

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Atom-powered Acer Iconia W510 on sale November 9th for $500 and up

Acer recently announced pricing and availability for its Iconia W700, and now its other Windows 8 tablet, the Iconia W510, is getting that same treatment. The 10.1-inch slate will ship for $500 and up when it goes on sale November 9th.

The W510 sports an IPS display with a 1,366 x 768 resolution, and that panel is coated in Gorilla Glass 2 for some extra scratch resistance. Unlike the Ivy Bridge-packing W700, this device runs a 1.5GHz dual-core Intel Atom Z2760 processor (from the Clover Trail series) with 2GB of RAM and up to 64GB of solid-state storage. Connections include a microSD card reader, micro-HDMI and a micro-USB 2.0 port. Acer also offers a $150 keyboard dock, which connects to the tablet from the top and offers a full-size USB 2.0 port. Without the dock, the tablet is rated for up to nine hours of battery life; the dock adds another nine. We got a chance to play with an early unit of the W510 -- head over to our in-depth preview for a closer look.

Gallery: Acer Iconia W510 press photos

Continue reading Atom-powered Acer Iconia W510 on sale November 9th for $500 and up

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World's best wine country hotels

1 day

Jamie Feldmar , Travel + Leisure

At Oregon?s?Allison Inn & Spa, you can wake up to a view of Willamette Valley from your terrace, spend the afternoon sampling Pinot Noirs at local wineries, then retreat to the hotel spa for a ?pinotherapy? treatment.

That kind of immersive experience has earned Allison Inn the No. 4 ranking among wine country hotels, based on?Travel + Leisure?readers? votes in the annual?World?s Best Awards survey. The winners come in lots of varietals, from opulent hotels to cozy inns, and turn up in established wine regions (South Africa?s Franschhoek, Argentina?s Mendoza) and less-expected destinations like Arizona?s Verde Valley and the Mount Etna area of Sicily, where that volcanic soil can work wonders.

Slideshow: See where the world's best wine country hotels are

Napa Valley, Calif., certainly has experience catering to the wine-focused traveler. ?Our customers come here to experience wine country from head to toe,? says George Goeggel, managing partner of?Auberge du Soleil?in the Napa Valley, one of the area?s first boutique resorts. ?We try to embody the wine country lifestyle in all aspects, from a glass of wine at reception to the local bottles on the menu to the crushed grapes in our spa treatments.?

That sentiment rings true in Santa Barbara, Calif., as well. ?We estimate that 94 percent of our guests are wine lovers,? says Seamus McManus, managing director of?San Ysidro Ranch, whose 1,600-bottle collection features an abundance of local labels. To satisfy their expectations, the hotel offers winery tours, hosts dinners with nearby vintners and stocks local wines in each of its cottages.

Not to be left out, the East Coast has its own properties among this year?s winners. Virginia?s rolling hills nurture?The Inn at Little Washington?as well as?Keswick Hall, decked out with hunt-club prints and Chippendale chairs and host of regular themed wine dinners.

Even select urban hotels have caught on to the interest in wine tourism and offer guided day trips to wineries within a short drive. The renovated?Four Seasons, Firenze, occupies a glorious frescoed palazzo with a pool and eight-acre park. It stocks nearly 400 bottles at Winery restaurant and makes a refined base for guided excursions into Chianti, 40 minutes away.

No matter which wine-country hotel you choose, one thing?s for sure: you won?t go home thirsty.

More from Travel + Leisure:

Source: http://www.nbcnews.com/travel/itineraries/worlds-best-wine-country-hotels-1C6289283

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Time Sensitive Video - LIVE From YouTube ... - Business PR News

Updates: As of Oct. 9, 2012 - 1:05pm CDT

Launch Aborted

Today's launch has been aborted at 11:42hrs MDT due to wind gusts making an attempt too risky. There is a second backup balloon but the weather may not be favourable for a launch tomorrow (10/10).

As of Oct. 9, 2012 - 12:23pm CDT?

[LIVE NOW] One crazy step for mankind! Watch daredevil Felix Baumgartner free fall from the edge of space. http://goo.gl/nEm1k (Updated)

?

Source: http://businessprnews.com/broadcast-live-/red-bull-stratos-freefall-from-the-edge-of-space

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Oil falls in Asia on sluggish US hiring

BANGKOK (AP) ? Multiple signs that the global economy is not headed for an upswing in the near term kept oil prices on their down trend Monday.

Benchmark crude for November delivery was down fell 37 cents to $89.51 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

Oil fell more than 2 percent Friday as traders fret that jobs aren't growing fast enough in the U.S. to significantly boost demand for fuel. The contract closed down $1.83 to $89.88 per barrel.

The economy created 114,000 jobs in September, in line with what economists had expected but not an indication of strong jobs growth. The U.S. Labor Department said the unemployment rate fell to 7.8 percent, the first time it's been below 8 percent in nearly four years.

In a new sign of a weak global economy, the World Bank cut the growth outlook for developing Asia-Pacific economies for 2012 to 7.2 percent from its May forecast of 7.6 percent. The bank cited weak global demand due to the lackluster U.S. recovery and Europe's recession.

The bank also cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.

Oil jumped 4 percent on Thursday following a 4 percent decline on Wednesday. Traders have been trying to gauge the strength of global oil demand while also watching developments surrounding Syria for any signs of a disruption in supplies from the Middle East.

In London, Brent crude, which is used to price international varieties of oil, fell 46 cents to $111.56 a barrel.

Among other energy futures traded in New York:

? Natural gas rose 1.3 cents to $3.409 per 1,000 cubic feet.

? Heating oil fell 1.1 cents to $3.145 per gallon.

? Wholesale gasoline was unchanged at $2.953 per gallon.

Source: http://news.yahoo.com/oil-falls-asia-sluggish-us-hiring-050754898--finance.html

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