October 20, 2013 10:08 am
Boeing Co. is notching down production of its 747-8 jumbo jet, the planemaker’s largest model, for the second time this year as demand continues to sink for four-engine aircraft. More airlines choose to fly slightly smaller twin-engine planes in order to tighter cost management because they are easier to fill with passengers and burn less fuel […]
Read moreOctober 19, 2013 12:01 pm
U.S. stocks increased this the week, pushing the Standard & Poor’s 500 Index to a new record, as Congress reached a deal to end the budget lockdown and amid speculation over governemnt maintaining stimulus program. The Standard & Poor’s 500 Index added 2.4% to 1,744.50 this week, for the biggest weekly gain since July. The […]
Read moreOctober 18, 2013 11:59 am
U.S. stock-index futures were little changed after yesterday record high levels as a report showed China’s economy accelerated for the first time in three quarters and amid companies releases of their third quarter earnings. S&P 500 futures expiring in December added 0.1% to 1,729.5 at 7:48 a.m. in New York. The gauge yesterday closed at […]
Read moreOctober 18, 2013 10:04 am
European stocks increased for a seventh consecutive day which makes it their longest winning streak this year, as economic data from China showed the worlds second largest economy growth accelerated for the first time in three quarters. The Stoxx Europe 600 Index advanced 0.3% to 316.96 at 8:32 a.m. in London. It has climbed 1.7% […]
Read moreOctober 18, 2013 8:08 am
The third-quarter results on Thursday comfortably exceeded expectations and produced a surge in investor enthusiasm as advertising is pushing company forward while mobile segment is yet to record its peak. Shares of the tech giant rose 8% in after-market trading reaching new record levels and bringing price $40 away from breaking through the $1,000 barrier […]
Read moreOctober 18, 2013 6:56 am
U.S. stocks advanced, pushing the Standard & Poor’s 500 Index to a new record high, amid speculation grew that the Federal Reserve will maintain the pace of stimulus and as companies release their earnings for the third quarter. S&P 500 pulled up to a fresh record, as many investors evaluate damage done to the U.S. […]
Read moreOctober 17, 2013 12:56 pm
Goldman Sachs Group Inc., the world’s most profitable securities firm before the financial crisis, reported earnings that beat analysts’ expectations despite falling revenue. Third-quarter net income rose to $1.52 billion, or $2.88 a share, from $1.51 billion, or $2.85, a year earlier, the financial institution said today. Chief Executive Officer Lloyd C. Blankfeins strategy of […]
Read moreOctober 17, 2013 11:55 am
U.S. stock-index futures retreated after the Standard & Poor’s 500 Index closed near a record levels after Congress agreed to lift the debt limit, while companies keep posting third quarter earnings. S&P 500 futures expiring in December slid 0.1% to 1,711.0 at 7:44 a.m. in New York despite vote of Congress to halt the 16-day […]
Read moreOctober 17, 2013 8:53 am
As of right now Apple is the dominant company producing tablets with market share around 32% by unit shipments in the second quarter, according to market trackers IDC. However, that represents a massive jolt comparing it to the 60% company had a year earlier. The previous version of iPad mini now makes up around two-thirds […]
Read moreOctober 17, 2013 6:35 am
U.S. stocks soared, as the Standard & Poor’s 500 Index jumped close to a record, amid lawmakers deal to end the government shutdown and raise the debt ceiling before deadline. The S&P 500 gained 1.4% to 1,721.54 till 4 p.m. in New York. The Dow Jones Industrial Average gained 205.82 points, or 1.4%, to 15,373.83. […]
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