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The U.S. budget deficit will hit $1.3 trillion in 2010, congressional budget analysts estimated Tuesday, in a fresh piece of grim news for President Barack Obama.

Microsoft looks to update Windows, Office, Exchange and IE, but month is relatively quiet. Microsoft will ship seven security patches as part of this month's Patch Tuesday update next week, three of which are labelled critical. Windows, Office, Exchange and Internet Explorer will all be fixed as part of the update, with December being quieter than the two preceding months.

Dubai: Motorists across the country struggled with reduced visibility for a second day on Wednesday as fog blanketed the UAE. Motorists reported traffic snarls during the morning rush hours in cities across the emirates. Weather forecasters said more fog is expected in the next several days. On Tuesday, school buses and the office crowd were delayed as horizontal visibility fell below 50 metres, leading to several accidents on the highways that resulted in minor injuries to some people. Traffic jams were reported in some cases. However, no fatal accident was reported.

Gold prices rose in Asian trading on Tuesday after Japan reported a stronger-than-expected current account balance for August, which sent investors leaving the safe-harbor dollar in search of nicely-priced gold positions.

Sugar prices closed lower by 1.71 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as investor sentiment was dampened on reports that the production of the commodity surged in the current

Crude oil prices extended gains, rising for the third day on Tuesday due to supply concerns as rising tensions between Israel and Iran fuelled worries over a disruption to crude oil supplies from the Middle East.

The market extended its southward journey for the second trading session of the October month with the Sensex falling 296.02 points or 1.11 percent to 26271.97 on Tuesday. The Nifty closed way below the 7900, down 93.15 points or 1.17 percent to 7852.40. About 1120 shares advanced while 1762 shares declined on the BSE. Hindalco Industries, Sesa Sterlite, Cipla, Dr Reddy's Labs, HDFC, DLF, Jindal Steel and Cairn India were top losers, falling 3-6 percent while NTPC, Gail India and Power Grid bucked the trend, up 1-1.5 percent followed by Tata Motors, Wipro and Tata Power with marginal gains. Today Stock Tips Kitex Garments Limited for long term buy Cmp:338rs Target:475rs Return percentage:40% Duration:9-12 months 5 year CAGR return expected:25-30% 5 year target potential range:1031rs-1254rs Kitex Garments Ltd manufactures toddler wear for most of the international brands such as MotherCare, Toys R Us, Gerber etc and is ranked as the third largest company of such type in the world.Company also supplies to jockey.Group employees to over 8000 peeps.It is the only company in the world which uses Acutex 1 quality of input.Add up more safety features like 100% certified safe process and organic dyes using threads from the number 1 codes etc which makes it the most favorable supplier for infant clothes.The company has to its credit the Best Vendor Award from Toys R Us and Gerber for the past couple of years(among over 280 rivals).

Apple's third-quarter earnings report on Tuesday was by and large a disappointment, as iPhone sales were much weaker than forecast, with the tech giant selling only 26 million units.

Oct 15 - Indian markets are closed on Wednesday due to assembly elections in Maharashtra state. The benchmark BSE index fell 0.13 percent, or 34.74 points, to end at 26,349.33 on Tuesday. The broader NSE index lost 0.26 percent, or 20.25 points, to at 7,864.Stock exchanges will reopen tommorow on 16 Oct 2014. http://trade4targettrade4targettrade4target.blogspot.in/2014/10/trade4target-stock-updates.html

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The United Nations helped launch a smartphone app Tuesday that allows users to "walk a mile in a refugee's shoes" by simulating the daily struggles of a fictional Rohingya Muslim who was forced to flee her home.

Will Microsoft's next-gen OS be the cavalry in the battle for enterprise space? Microsoft has unveiled its next Windows operating system, Windows 10, and gave a first look at an early technical preview for the PC at a press conference in San Francisco on Tuesday.

Finance Minister Arun Jaitley on Tuesday said India-US trade will get a boost from business-to-business, business-to-government and government-to-government interactions, in a context where new structural reforms like GST will boost growth and the overall development of the country. "Foreign investment is important for India in order to have larger investment in infrastructure sector," Jaitley told members of the visiting US CEOs Forum, according to a Finance Ministry release in New Delhi.