October 4, 2013 9:11 am
Twitter has filed to become public, saying it will sell shares under the name “TWTR”. The IPO will initially seek to raise up to $1 billion. In its first public disclosure of financial performance, Twitter revealed it is growing revenue fast but still losing money. In a registration filing with the Securities and Exchange Commission, […]
Read moreOctober 4, 2013 7:47 am
Samsung Electronics Co estimated its July-September earnings rose 25% to a record $9.4 billion (10.1 trillion won) amid a strong recovery in memory chip prices which helped counter a slight slowdown in the South Korean companys smartphone business. The South Korean firm estimated its third-quarter sales rose to 59 trillion won, versus a market forecast […]
Read moreOctober 4, 2013 6:56 am
U.S. stocks fell, with the Standard & Poor’s 500 Index dropping the most in a month, as data showed weaker-than-forecast growth in service industries and concern over partial government shutdown. The S&P 500 lost 0.9% to 1,678.66 at 4 p.m. in New York, its steepest slide since Aug. 27. The Dow Jones Industrial Average fell […]
Read moreOctober 3, 2013 12:47 pm
Dell took a big step in unveiling a new family of tablets and new laptops, including a two-in-one Ultrabook. The Dell Venue line of tablets is comprised of four new thin models designed to comply with everyday lifestyle. Dell’s “damn sexy” tablets, as described by leading Enderle Group analyst, Rob Enderle, deliver leading performance and […]
Read moreOctober 3, 2013 11:33 am
U.S. stock-index futures slipped, hinting the Standard & Poor’s 500 Index will drop for a second day, as budget talks between President Barack Obama and congressional leaders struggled to reach progress. S&P 500 futures expiring in December lost 0.3% to 1,678.5 at 12:30 p.m. in London after the benchmark gauge slipped 0.1% yesterday. The index […]
Read moreOctober 3, 2013 8:59 am
Tesla Motors Co shares sank 6% on Wednesday after an information of Model S catching on fire has been published by automotive blog after an accident on Tuesday morning just south of Seattle, Washington. The auto Web site Jalopnik.com posted photographs from a reader showing a Tesla Model S on fire. Shortly after the high-flying […]
Read moreOctober 3, 2013 6:46 am
U.S. stocks fell, after two days have passed since the beginning of the partial government shutdown, as investors watched for progress on ending an impasse over federal spending that shut down the government a second day. The S&P 500 lost 0.1% to 1,693.87 at 4 p.m. in New York, trimming an earlier drop of as […]
Read moreOctober 2, 2013 2:06 pm
Three of the top 20 investors in Microsoft Corp are persuading the board to press for Bill Gates to step down as chairman of the software company in order to facilitate a change in strategy, according to people familiar with matter. There is no indication that Microsofts board would grantthe wishes of the three investors, […]
Read moreOctober 2, 2013 12:06 pm
U.S. stock-index futures fell, after the Standard & Poor’s 500 Index jumped the most in almost two weeks, as the government shutdown entered a second day with no talks expected today between the White House and Congress. Standard & Poors 500 futures expiring in December lost 0.5% to 1,680.8 at 8:00 a.m. in New York. […]
Read moreOctober 2, 2013 9:29 am
Apple will face difficulties delivering the new version of the iPad Mini with a high-resolution “retina” display this month employees working for the supply chain said. Apples supply chain is starting now gearing up to make retina displays for the iPad Mini, which means the gadgets could be available in only limited quantities this year, […]
Read more
