US stocks surge for 4th day, optimism grows

July 10, 2013 6:46 am
US stocks advanced for a fourth day in a row as companies expect to post highly positive earnings which supports arguments the economy is strong enough to sustain itself after a possible stimulus tapering. The benchmark index gained 2.4% for four days as positive employment data. Investors would be provided with more data after todays […] Read more

US stock futures rose, Tesla joins Nasdaq

July 9, 2013 1:06 pm
US stock futures advanced suggesting a raise in S&P 500 which would be the longest streak of the index in more than a month. Investors stay optimistic of upcoming earnings season. Futures on the S&P 500 Index expiring in September rose 0.4% to 1,641.5 at 8:30 a.m. in New York. The S&P 500 has advanced […] Read more

Facebook launches Graph Search – a social-network search tool

July 9, 2013 12:22 pm
The tool was launched January this year for only limited number of public. On Monday Facebook turned on Graph Search for all US site version users, expanding the test program to tens of millions users. The new tool allows people to easily find nearly anything indexed on Facebook, giving them another reason to share information […] Read more

Vodafone’s “simplified” charge policy hits customers

July 9, 2013 8:26 am
Vodafone angered its UK customers by implementing “simplified” call charge changes. The new company decision would raise prices up to 92% as the mobile operator announced it will charge by minute not by the second. This means that if a phone conversation lasts 62 seconds the customer is charged for 2 minutes. Pay-as-you-go customers were […] Read more

US stock advanced before company earnings season starts

July 9, 2013 7:20 am
Main US stock indexes grew yesterday as investors are focusing at the second quarter earnings data and aid for Greece was approved. The S&P 500 rose 0.5% to 1,640.46 at 4 p.m. in New York, the highest in three weeks. The Dow Jones Industrial Average added 88.85 points, or 0.6% to 15,224.69. The Stoxx Europe […] Read more

Alcoa forecast growth of demand

July 9, 2013 6:47 am
Alcoa the largest US aluminium producer estimates demand growth of 7%. The high demand, driven by the aerospace and commercial transportation sectors, should combine with industry-wide production cuts to reduce the market saturation that has driven down aluminum prices by 13 percent this year. Alcoa on Monday confirmed its demand forecast, even as it posted […] Read more

Hyundai to raise ship prices

July 8, 2013 2:21 pm
Hyundai Heavy Industries Co., the world’s largest shipbuilder, intends to raise prices as demand for fuel-efficient vessels helps it offset the global crisis hurting Chinese yards. Company forecasts orders to exceed target of $11.3 billion. “The big focus right now is on fuel efficiency,” Ka Sam Hyun, executive vice president in charge of ship sales […] Read more

US stock futures gained as stimulus tapering seems closer

July 8, 2013 1:05 pm
US stock index futures advanced indicating the Standard & Poor’s 500 Index will gain for a third day as last week jobs data exceeded expectations and boosted speculations on Federal Bank that may taper stimulus as soon as September this year. Future contracts on the S&P 500 Index expiring in September climbed 0.55% to 1,636.2 […] Read more

Companies see Trans-Atlantic Trade pact as a rule bypass

July 8, 2013 12:10 pm
Some companies see trade talks between US and Europe as an opportunity to eliminate unfavorable rules which is a rare second chance to achieve on a global scale what theyve been unable to win from individual governments. That has safety and consumer advocates warning that hard-fought protections could be diluted or eliminated. “We don’t want […] Read more

Apple’s new iOS 7 – a challenge for app developers

July 8, 2013 11:08 am
The Apples App Store has become a industry of its own as more than $10 billion has been paid to developers for its 850,000 apps over the past five years. The platform has created multimillion-dollar businesses such as Rovio, maker of Angry Birds, Instagram, the photo-sharing app. For the tech giant, App Store business turned […] Read more