Foreign Markets
Global markets lost some steam to end the week a day after the G20. Asian stocks rose modestly; Japan’s Nikkei 225 stock average added 30.06 points, or 0.3 %, to 8,749.84, but traded well off its highs. Hong Kong’s Hang Seng edged up 23.72, or 0.2 %, to 14,545.69. South Korea’s Kospi rose 0.5 % to 1,283.75. During morning trading in Europe, Britain’s FTSE 100 was down 0.2 % to 4,118.98, Germany’s DAX rose 0.5 % to 4,404.43, and France’s CAC 40 slipped 0.1 % to 2,990.49.
Foreign Markets
Asian stocks closed down after the Bank of Japan cut its main interest rate to 0.1%, a move that had been expected and announced that it will temporarily purchase commercial paper and increase its purchases of Japanese government bonds. Tokyo’s 225 stock average dropped 78.71 points, or 0.9%, to 8,588.52. Hong Kong’s Hang Seng Index lost 2.4% to 15,127.51
In Europe, lower crude prices hammered energy stocks and lower futures in the U.S. shook confidence from today’s trading. The FTSE 100 index of leading British shares was down 117.91 points, or 2.72%, at 4,212.75. Germany’s DAX was 89.20 points, or 1.88% lower, at 4,667.20. The CAC-40 in France fell 52.09 points, or 1.61%, to 3,182.06.
More often then not, our days are filled with work, school and just about anything else you can think of. Luckily, cable and satellite TV companies offer DVR services for those of us whose schedules just don’t sync up with TV land.
TiVo plans to soon allow Best Buy to bundle their HD TiVo boxes with HD televisions purchased at Best Buy brick & mortar locations. As a result of the agreement, not only will consumers be able to watch their recorded TV shows in high definition at their convenience without commercial interruption, they’ll also be able to play music from online sites like RealNetworks (Nasdaq: RNWK), Rhapsody as well movies purchased from Amazon (Nasdaq: AMZN).
Look out for more positive developments out of TiVo over the next few quarters as these endeavors come to fruition. As always I recommend researching the company and doing your own due diligence before making any investment decisions.
