October 28, 2013 3:23 pm
Merck & Co., the second-biggest U.S. drug-maker updated its full-year forecast as the company continues an overhaul of its sales and research operations. Chief Executive Officer Ken Frazier said he is looking at whether Whitehouse Station, New Jersey-based Merck’s animal health and consumer businesses, as well as its drug projects, might be divested. “A company […]
Read moreOctober 28, 2013 12:01 pm
U.S. stock index futures remain little changed, pointing to a higher open of the Standard & Poors 500 Index which would most likely extend to a new record as investors focus their attention on industrial-output and housing data before the Federal Reserve’s policy meeting. Futures on the S&P 500 expiring in December gained 0.1% to […]
Read moreOctober 28, 2013 9:40 am
European stock markets traded mostly higher today, supported by the latest round of quarterly earnings and expectations that the U.S. Federal Reserve will delay tapering its asset purchases. Investors remain focus on U.S. data on industrial production and pending home sales. The FTSE 100 added 6.85 points, or 0.1%, to 6,728.19 at 9:00 a.m. in […]
Read moreOctober 28, 2013 9:11 am
Apple Incs iPhone sales and revenue forecasts, are due to be released today. The data may support concerns that companys low-cost 5C model missed the mark or it could provide information that the worlds largest tech company can continue its run of hit products. Signs have showed that demand for the cheaper model is lagging […]
Read moreOctober 28, 2013 7:58 am
This week, Samsung Electronics Co. plans to hold its first global developers conference in San Francisco, making efforts to improve as many software and services as possible for its devices. As Samsung is new to this sort of relationship between developers and manufacturer it would be not an easy task, executives admit privately. Samsung built […]
Read moreOctober 27, 2013 12:14 pm
Teslas CEO Elon Musk slammed the hydrogen fuel-cell vehicles such as those being developed by Toyota Motor Corp. and Hyundai Motor Co. CEO’s protestations follow the fact that his Tesla competes for government subsidies with hydrogen cars. Those rebates are fueling infrastructure and lucrative green-car credits that have made the company profitable this year. His […]
Read moreOctober 26, 2013 11:52 pm
U.S. stocks rose, pushing the Standard & Poor’s 500 Index to record levels, as corporate giants earnings beat estimates while a drop in consumer confidence supports speculation the Federal Reserve will delay scaling back monetary stimulus. The S&P 500 added 0.4% to 1,759.77 at 4 p.m. in New York. The Nasdaq 100 Index climbed 0.6% […]
Read moreOctober 25, 2013 12:49 pm
Samsung has officially reported earnings for the third fiscal quarter of 2013, which break its personal best, beating its own expectations. The company announced 59.08 trillion won (roughly $55 billion) in revenue and 10.16 trillion won in operating profit, making for its best quarter yet. Operating profit was the main source of gain for the […]
Read moreOctober 25, 2013 10:45 am
U.S. stock-index futures remain almost unchanged, with the Standard & Poor’s 500 Index trading near a record, as investors focus on upcoming release of data on durable-goods orders and consumer confidence in the world’s largest economy. S&P 500 futures expiring in December slipped less than 0.1 percent to 1,746.7 at 11:32 a.m. in London. Stocks […]
Read moreOctober 25, 2013 8:52 am
Microsoft reported earnings jumped 17%, beating analysts predictions, as strong business sales of its Microsoft Office and server software compensated weakness in its flagship Windows system. Right after the earnings report, the companys shares climbed more than 5% in extended-hours trading. “We are seeing lots of consumer excitement for Xbox One, Surface 2 and Surface […]
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