October 14, 2013 2:25 pm
U.S. stock-index futures declined, snapping a weekly gain for equities, as lawmakers continued debates over spending and borrowing plans only three days before the government reaches its debt ceiling. Standard & Poor’s 500 Index futures expiring in December fell 0.7% to 1,687.2 at 13:00 p.m. in London. The equities gauge rose 0.8% last week amid […]
Read moreOctober 14, 2013 11:03 am
Today, the auto maker officially opens a $200 million metal-processing plant compatible to the Arlington factory that reduces that travel from Ohio to Texas to about 20 feet. Around $40 million a year in shipping costs would be saved from the move, according to the company. The new plant, is part of a broader strategy […]
Read moreOctober 14, 2013 8:30 am
Apple is expected to release fourth-quarter earnings on Oct. 28. The company said last month, that it estimates sales “to be near the high end of the previously provided range of $34 billion to $37 billion, and expects gross margin to be near the high end of the previously provided range of 36% to 37%”. […]
Read moreOctober 14, 2013 7:01 am
Recovery in U.S. corporate profits this year could be slowing after third-quarter earnings growth decreased and the federal government’s shutdown hindered trade and threatened to impede consumer spending. Payroll taxes weighed on shoppers at retailers such as Wal-Mart Stores Inc., and industrial companies such as Caterpillar Inc. experienced dropping sales with limited options of cost-cutting. […]
Read moreOctober 13, 2013 9:19 am
Investors supported the criticised as underpriced, stock of the Royal Mail on Friday, in one of Britains highest-profile privatizations in years. Shares in the more than 360 years old postal service operator surged by as much as 38% on Friday after debuting on the London Stock Exchange (LSE). As institutions were scrambling to buy shares […]
Read moreOctober 12, 2013 10:13 am
U.S. stocks climbed Friday, with Standard & Poors 500 reaching 20 days highest level, on investors optimism that lawmakers were making progress toward an agreement on raising the debt limit to avoid a default. The Dow Jones Industrial Average gained 111.04 points, or 0.7%, to 15,237.11. The S&P 500 added 10.64 points, or 0.6%, to […]
Read moreOctober 11, 2013 12:29 pm
U.S. stock-index futures remain calm with no sharp changes, following the largest gain since January for the Standard & Poor’s 500 Index, as lawmakers continued talks to raise the government’s debt limit to avoid a default. S&P 500 futures expiring in December advanced 0.1% to 1,686.5 at 7:40 a.m. in New York. Contracts on the […]
Read moreOctober 11, 2013 11:41 am
Toyota Motor Corp. has longly awaited hydrogen car – an alternative to gasoline for powering autos – will soon appeal to consumers with its fuel cell-powered engine. In order to demonstrate the advancement in hydrogen fuel cell technology, Toyota did test drives of a small, prototype sedan in Japan this week. A similar type of […]
Read moreOctober 11, 2013 8:32 am
BlackBerry Ltd. co- founders Mike Lazaridis and his old friend and Douglas Fregin filed paperwork with financial regulators which may lead the way for a takeover bid for the struggling smartphone maker. The two co-founders are considering a joint bid “with the goal of stabilizing and ultimately reinventing the company based on a plan developed […]
Read moreOctober 11, 2013 6:51 am
U.S. stocks surged, as benchmark indexes jumped the most since January, as lawmakers moved toward an agreement to increase the debt ceiling and avoid a default. The Standard & Poor’s 500 Index added 2.2% to 1,692.56 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 323.09 points, or 2.2%, to 15,126.07. Both […]
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