November 8, 2013 7:26 am
U.S. stocks retreated, pressing down the Standard & Poor’s 500 Index to its most substantial loss in two months, amid speculation the Federal Reserve may scale back stimulus after larger-than-estimated GDP growth overshadowed decision by the European Central Bank to cut interest rate. The S&P 500 fell 1.3%, the most since Aug. 27, to 1,747.15 […]
Read moreNovember 7, 2013 12:23 pm
U.S. stock-index futures declined, predicting the Dow Jones Industrial Average will fall from a record level, as investors focused on GDP data for guidance on how long the Federal Reserve will maintain stimulus. Futures on the Standard & Poor’s 500 Index expiring next month retreated 0.2% to 1,762.9 at 11:57 a.m. in London. Dow Jones […]
Read moreNovember 7, 2013 11:04 am
Twitter has finally ended its journey to becoming a publicly traded company after around eight weeks of talks and meetings with investors in eight US cities. The micro-blogging social network priced 70 million shares at $26, above the targeted range of $23 to $25. The IPO values Twitter at around $14.1 billion. Twitter could raise […]
Read moreNovember 7, 2013 9:24 am
Adidas is racing Nike for the domination over sport apparel markets. The company is hoping sales ahead of next years World Cup football championship in Brazil would provide massive boost to sales. In its race with market leader Nike Inc., Adidas, the worlds No. 2 sporting-goods maker, is stumbling. The German companys headaches range from […]
Read moreNovember 7, 2013 7:32 am
U.S. stocks surged, sending the Dow Jones Industrial Average to a fresh record high, as Federal Reserve officials said economic weakness suggests continued stimulus and investors await data this week on jobs and growth. The Standard & Poor’s 500 Index added 0.4% to 1,770.49 at 4 p.m. in New York, within two points of its […]
Read moreNovember 6, 2013 12:16 pm
U.S. stock-index futures rose, predicting the S&P 500 would turn to positive territory from yesterday’s drop, as investors focused on this week’s data on jobs and economic growth for signs on how long the Federal Reserve will maintain stimulus program. Futures on the Standard & Poor’s 500 Index expiring in December gained 0.6% to 1,766.2 […]
Read moreNovember 6, 2013 9:56 am
Fords plant in Belgium has been rumored to implement job cuts since last year. However, companys board decided to abandon the whole plant. The news was reported suddenly one morning as a nightmare surprise that almost nobody in Genk expected. Ford had decided to shut down Genk factory, which employed 4,300 people, and it would […]
Read moreNovember 6, 2013 8:07 am
Toyota Motor Corp., the world’s largest automaker, raised its full-year profit forecast by 13% as the weaker yen helped earnings from Prius and Lexus vehicles which are exported from Japan. Net income in the fiscal first half ended September 30 could surge 74% to 955.3 billion yen ($9.7 billion), according to analyst estimates. For the […]
Read moreNovember 6, 2013 7:31 am
U.S. stocks were mostly lower, snapping two days of gains that sent the Standard & Poor’s 500 Index close to a record high, as investors weighted US services data and remained focused on economic growth and employment. The S&P 500 fell 0.3% to 1,762.97 at 4 p.m. in New York. The Dow Jones Industrial Average […]
Read moreNovember 5, 2013 2:21 pm
Apple revealed plans to build a manufacturing plant in Arizona. The facility would be created in partnership with mineral crystal specialist GT Advanced Technologies Inc to make sapphire materials for Apples electronics devices. The news came as a press release from both the state of Arizona and the company GT Advanced Technologies, which will produce […]
Read more
