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Mideast Stocks-Saudi Arabia falls on weak oil; Egypt up

2015-08-03 05:14:43| Chemicals - Topix.net

Aug 2 Saudi Arabia's stock market fell in early trade on Sunday after oil prices dropped, while Egypt's bourse was rose slightly after encouraging news on the country's investment projects. The main Saudi index fell 1.7 percent and petrochemicals giant Saudi Basic Industries, down 1.8 percent, was the main drag.

Tags: up oil falls egypt

Hacked Jeep Cherokee exposes weak underbelly of high-tech cars

2015-08-01 11:31:53| Wireless - Topix.net

The Jeep Cherokee brought to a halt by hackers last week exposed wireless networks as the weakest link in high-tech vehicles, underscoring the need to find fast over-the-air fixes to block malicious intrusions. Features that buyers now expect in most modern automobiles, such as driving directions and restaurant guides, count on a constant connection to a telecommunications network.

Tags: cars weak jeep cherokee

Honda profit up 20% as robust US sales, weak yen offset quality costs

2015-08-01 06:04:47| Automakers - Topix.net

Honda Motor Co said on Friday its quarterly net profit jumped 20 per cent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related costs. A man walks past a Honda Motor Co's car displayed outside a showroom at the company's headquarters in Tokyo, Japan, July 31, 2015.

Tags: quality sales costs profit

Wall Street ends lower as weak oil weighs

2015-08-01 03:09:51| Chemicals - Topix.net

Wall Street ended the week on a sour note as a drop in energy stocks eclipsed wage data that supported expectations that the US Federal Reserve might hold off on moving interest rates. Exxon Mobil shares dropped 4.58 percent while Chevron lost 4.89 percent after reporting poor quarterly earnings due to weak oil prices.

Tags: street lower wall oil