October 10, 2013 11:19 am
U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will rise for a second day, amid signs the nation’s lawmakers may agree on a compromise deal to avoid a debt default. S&P 500 futures expiring in December rallied 0.9% to 1,662.9 at 7:01 a.m. in New York. The benchmark gauge for U.S. equities […]
Read moreOctober 10, 2013 9:02 am
Earlier this month struggling telecom-gear supplier Alcatel-Lucent said it will lay off 15% of its global workforce. After the statement company made a reaction from French government officials and labor unions were expected to oppose the cost saving policy. Investors also were confused on the move and French officials said they would try to limit […]
Read moreOctober 10, 2013 7:44 am
Hewlett-Packard expects to end falling sales and to stabilize next year. The company is expected to return more money to shareholders, as it reaches the halfway point of its five-year turnaround plan. HP expects to generate free cash flow of $6 billion to $6.5 billion next year. Cathie Lesjak, chief financial officer, said that around […]
Read moreOctober 10, 2013 6:41 am
U.S. stocks advanced, recovering from the Standard & Poors 500 biggest two-day slump since June, amid optimism that Janet Yellen won’t hurry to withdraw stimulus and signs that lawmakers step forward to raise the debt ceiling. The Standard & Poor’s 500 Index climbed 0.1% to 1,656.40 at 4 p.m. EDT. The Dow Jones Industrial Average […]
Read moreOctober 9, 2013 11:51 am
Walmart, the world’s largest retailer by sales, is parting from its troubled Indian joint venture with Bharti Enterprises in the aftermath of a series of regulatory investigations and concerns over international investment rules for the country’s retail sector. WalMart, the worlds largest retailer, will take over its Indian partners 50% stake in Bharti Wal-Mart Pvt […]
Read moreOctober 9, 2013 11:15 am
U.S. stock-index futures advanced, suggesting the Standard & Poor’s 500 Index will rebound from the biggest two-day decline since June, as Janet Yellen was picked to lead the Federal Reserve and earning season started with Alcoa reporting better-than-estimated profit. S&P 500 futures expiring in December climbed 0.4% to 1,656.5 at 11:39 a.m. in London. The […]
Read moreOctober 9, 2013 8:21 am
Microsoft’s $7.2 billion worth team up with Nokia Oyj handset business is failing to win over the software developers who are extremely important to its success. Interviews among more than a dozen developers show that the odds remain stacked against Microsoft. Developers pointed out that while Nokia’s handset business gives Microsoft a ready pipeline of […]
Read moreOctober 9, 2013 7:07 am
U.S. stocks tumbled, causing the Standard & Poor’s 500 Index its biggest two-day loss since June, as concern among investors grew that a deadlock among U.S. lawmakers over the debt limit could be taken to a government default. The S&P 500 fell 1.2% to 1,655.45 at 4 p.m. in New York, the lowest since Sept. […]
Read moreOctober 8, 2013 1:20 pm
European stocks fell for a second day in a row as investors closely followed the start of the U.S. earnings-reporting season and efforts to end a government shutdown in the world’s largest economy. U.S. index futures were little changed, while Asian shares advanced. The Stoxx Europe 600 Index slipped 0.4% to 308 at 11:57 a.m. […]
Read moreOctober 8, 2013 11:20 am
U.S. stock-index futures fluctuated around 0% change as investors waited for the beginning of the earnings-reporting season and weighed the impact of the government shutdown. Futures on the Standard & Poor’s 500 Index expiring in December rose less than 0.1% to 1,668.3 at 7:09 a.m. in New York. The benchmark gauge for U.S. equities slumped […]
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