October 30, 2013 1:43 pm
Chrysler Group, the U.S. automaker controlled by Fiat SpA, said third-quarter profit rose 22% on higher demand for Jeep Grand Cherokee, Wrangler sport-utility vehicles and Ram pickups. Net income climbed to $464 million from $381 million a year earlier, the Auburn Hills, Michigan-based automaker said in a statement today. Sales advanced 13% to $17.6 billion. […]
Read moreOctober 30, 2013 12:23 pm
US stock index futures gained today as investors focus on policy statement from the Federal Reserve and looked toward economic data, including the ADP jobs report and inflation figures, to predict when Fed will reduce stimulus. Earnings from General Motors Co. and Facebook Inc. would also be of a great influence to stock markets today. […]
Read moreOctober 30, 2013 10:20 am
Volkswagen AG, which aims for taking-over on the global auto-sales lead from Toyota Motor Corp. and General Motors Co. by 2018, is working to reduce costs with more sharing of technology among its eight car brands, three commercial-vehicle divisions and the Ducati motorcycle unit. Volkswagen said its third-quarter operating profit amounts to 2.78 billion euros […]
Read moreOctober 30, 2013 9:16 am
The tech giant Google said on Tuesday that it aims to tie the Android operating system, used on the majority of the world’s smartphones, more closely to Google Plus to encourage people to upload their photos to the social networking service automatically. This way Google ensures large amount of visitors coming from companys global dominance […]
Read moreOctober 30, 2013 7:32 am
U.S. stocks jumped, with Standard & Poors 500 benchmark index climbing to record, as earnings beat estimates and data indicating slower growth assured investors that the Federal Reserve will maintain stimulus program. The Standard & Poor’s 500 Index added 0.6% to 1,771.95 at 4 p.m. in New York, hitting its third straight record. The Dow […]
Read moreOctober 29, 2013 2:08 pm
The core business of the freshly transformed Nokia – Nokia Solutions and Networks (NSN) reported lower than expected sales and profits as the Finnish company assured the telecom gear producing unit would recover next year. NSN, which makes network gear for the telecoms industry, should see its underlying operating profit margin rise from 8.4% in […]
Read moreOctober 29, 2013 12:47 pm
U.S. stock-index futures hesitate today after the Standard & Poors 500 index advanced to a record high as Federal Reserve policy makers began a two-day meeting. S&P 500 futures expiring in December added 0.1% to 1,760.5 at 8:31 a.m. in New York. The benchmark index has climbed in 12 of the past 14 sessions, taking […]
Read moreOctober 29, 2013 10:09 am
SK Hynix, the world’s second-largest memory chip-maker by sales, has reported record operating profit for the second consecutive quarter, as higher chip prices caused by fire in Chinese plant offset lower production. The company reported a 1.16 trillion won ($1.1 billion) operating profit in the three months from July to September, compared with an operating […]
Read moreOctober 29, 2013 9:06 am
The more positive outlook comes despite an 11% drop in full-year net profits and after a year when Apple’s share price fell heavily after hitting an all-time high. The iPhone maker reported a 5% year-on-year decline in earnings to $8.26 per share in its fiscal fourth quarter, beating consensus forecasts at $7.93 per share. Revenues […]
Read moreOctober 29, 2013 7:30 am
U.S. stocks rose, launching the Standard & Poor’s 500 Index to the best annual gain for a decade, as weaker-than-expected economic data fueled hopes the Federal Reserve will maintain stimulus at its meeting. The S&P 500 rose 0.1% to 1,762.11 at 4 p.m. in New York. The benchmark index has increased 23.6% this year, which […]
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