qq

In recent years, China's Chery Automotive has displayed a growing fondness for electric vehicles (EVs). From the company's Riich M1 , to the S18 , its Tiggo 3 and even the QQ , Chery's focus on delivering EVs to its customer base is really unmatched by any of its Chinese competitors. The company's lineup of EVs, none of which are particularly strong sellers, continues to grow on a regular basis.  

The euro zone's GDP rose a robust 1% q/q in the second quarter, led by Germany. The ECB held interest rates steady and extended short-term loans to banks. Unemployment is likely to rise again as fiscal tightening slows the economy.  

Worldwide sales of disk-based storage arrays, which leveled off only briefly during the last two years of a difficult macroeconomy, climbed a healthy 21 percent in the second quarter of 2010 over the same period a year ago, industry researcher IDC reported Sept. 3. For the quarter, the total disk storage systems market grew to $6.8 billion in revenues, representing 20.7 percent growth from 2009's second quarter. Total disk storage systems capacity shipped amounted to 3,645 petabytes—a whopping 54.6 perc  

Citi maintains a 'Hold' on Finisar Corp (Nasdaq: FNSR ), raises PT from $17.50 to $19. Citi analyst says, "Results and guidance underscore our view that telecom cap ex recovery intact and optical spend on the mend as telecom component revenue increased +28% q/q & ROADMs grew +13% (units +25%), more than offsetting 5% LAN/SAN sequential decline. Mgt stated that 2Q LAN/SAN likely flat, implying +6% - +14% growth in Telecom/ROADM." Citi analyst says results are also encouraging for CIENA (Nasdaq: CIEN ).  

A final reading for South Korea's GDP should be in line with advanced estimates of about 1.5% q/q. With little other data due out, markets could react to generally upbeat news from the U.S., where pending home sales and initial jobless claims both supported views that the recovery may be stabilizing....  

 

A reported burglary-in-progress in Palo Alto early this morning (Sept. 2) has resulted in the arrest of one suspect and a continuing search for a second, according to Palo Alto police and an anonymous Twitter user. Palo Alto police could not be reached for detailed information about the incident as of 10:30 a.m. today. The manhunt involved a car crashing into a tree at Campus Drive and Bowdoin Lane on the Stanford campus.  

Tinned up terraces, bling and faceless and disaffected hoodies inhabit the bleak street scapes of Joe Coffey's paintings. In his hometown of Salford, Joe is already being compared to Lowry. Away from the shiny and sterile confines of MediaCityUK and the prestigious Lowry Art Centre at Salford Quays, Joe depicts what he calls "the other side of Salford" – the destruction and demonising of working class communities.  

South Africa's gold output during the second quarter of this year rose 12.6 percent compared to production of the metal in the first quarter, the country's Chamber of Mines said on Thursday. Gold output rose to 49,444.5 kg compared with the 43,927.8 kg produced in the first quarter, it said in a statement. On a year-on-year basis, gold production was down by 2 percent in the quarter to the end of June. South Africa's gold production has been dwindling, and fell by 5.8 percent in 2009, making the cou