October 25, 2013 7:08 am
Boeing Co. has secured deals for around 200 of its 737 Max aircraft, the upgraded version of its best-selling planes, from multiple Chinese customers, said two sources familiar with the deals. Altogether the commitments are worth $20.7 billion at list prices and must be approved by the Chinese government, which is an usual practice for […]
Read moreOctober 25, 2013 6:37 am
U.S. stocks rose sending the S&P 500 to its sixth advance in seven sessions, after favorable corporate earnings reports and positive signs from China. The S&P 500 index gained 5.69 points, or 0.3%, to 1752.07. The Dow Jones Industrial Average climbed 95.88 points, or 0.6%, to close at 15509.21 while the Nasdaq Composite Index advanced […]
Read moreOctober 24, 2013 1:12 pm
Shares of Daimler jumped to the highest in almost six years after the Stuttgart, Germany-based automaker reported a 16% increase in third-quarter earnings before interest and taxes to 2.23 billion euros ($3.08 billion), beating the 2.09 billion-euro average estimate of 11 analysts. Net profit reached 1,897 million euros compared to last years 1,238 million euros. […]
Read moreOctober 24, 2013 11:33 am
U.S. stock-index futures advanced, suggesting the Standard & Poor’s 500 Index will rebound from yesterdays losses, as investors speculated that government would cut its bond-purchasing policy as soon as March 2014. S&P 500 futures expiring in December rose 0.5% to 1,747.4 at 12:01 p.m. in London. The benchmark index has gained 3.9% this month, extending […]
Read moreOctober 24, 2013 8:38 am
WalMart, the worlds biggest retailer, is boosting its China business as it is looking for opportunities to raise profitability in a slowing retail sector. WalMart will open up to 110 facilities in China between 2014 and 2016, in addition to the 30 it has already opened this year, it said at a press event in […]
Read moreOctober 24, 2013 7:38 am
Japans Canon Corp, the world largest camera manufacturers, cut its operating profit outlook for a second quarter in a row as a decline in the market for high-end cameras dragged on with a sharper-than-expected slowdown in emerging markets. Net income of the company will probably amount to 240 billion yen ($2.5 billion) for the year […]
Read moreOctober 24, 2013 6:28 am
U.S. stocks retreated, snapping the Standard & Poor’s 500 Index five-day rally, as forecasts at companies from Caterpillar Inc. to Broadcom Corp. disappointed investors. The S&P 500 fell 0.5% to 1,746.38 at 4 p.m. in New York. The Dow Jones Industrial Average lost 54.33 points, or 0.4% to 15,413.33. About 6.6 billion shares changed hands […]
Read moreOctober 23, 2013 12:01 pm
U.S. stock-index futures fell, suggesting the Standard & Poor’s 500 Index will retreat from a record levels after five days of gains, amid disappointing non-farm payrolls and weak corporate earnings of networking equipment makers. Non-farm payrolls rose by 140,000 which came short of the expectations for 180,000. However unemployment rate fell to 7.2% from estimated […]
Read moreOctober 23, 2013 9:09 am
Ebay Inc. is acquiring a same-day courier service based in London and revamping its own website as it seeks to compete against Amazon and Walmart and give itself a social media profile right before holiday season starts. The amount of the deal is still undisclosed. The e-commerce group is buying Shutl, a four-year-old start-up with […]
Read moreOctober 23, 2013 8:03 am
Apple is not stepping down from its core strategy and consolidates the iPad’s position at the high end of the tablet market in the face of competition from lower-cost rivals and new entrants such as Nokia, by putting a greater emphasis on software and distribution channels. Tim Cook, CEO of Apple, unveiled a new iPad […]
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