September 25, 2013 11:15 am
U.S. stock-index futures were almost unchanged, after the Standard & Poor’s 500 Index dropped for four days, amid concern lawmakers will fail to reach a budget deal. A Commerce Department report at 8:30 a.m. Washington time may show that durable goods, excluding the volatile transportation category, rose 1% in August after falling 0.8% the previous […]
Read moreSeptember 25, 2013 9:03 am
Elon Musk is an engineer and entrepreneur who builds and operates companies to solve environmental, social and economic challenges. He co-founded PayPal and currently drives strategy, development and design at two companies he created, Space Exploration Technologies (SpaceX) and Tesla Motors, and oversees a third company, SolarCity, which he co-founded. The CEO is even believed […]
Read moreSeptember 25, 2013 7:29 am
Applied Materials agreed on Tuesday to merge with Tokyo Electron , a deal that’ll create a giant producer of semiconductor and flat-panel manufacturing equipment. The market for tools to manufacture chips is subject to the boom and bust of the technology sector. Demand for products is slowing as PC sales slide and most companies are […]
Read moreSeptember 25, 2013 6:35 am
U.S. stocks ended mostly lower, with blue chips suffering a fourth-straight loss, as a late slide in the financial sector and uncertainties over budget discussions weighed on sentiment. The Standard & Poor’s 500 Index fell 0.3% to 1,697.42 at 4 p.m. in New York. The Dow Jones Industrial Average lost 66.79 points, or 0.4%, to […]
Read moreSeptember 24, 2013 8:37 am
BlackBerry has agreed to be bought by a consortium of Canadian investment companies for $4.7 billion in cash and taken private, in a last resort move to ensure the survival of one of the pioneers of the global smartphone industry. Once called CrackBerry the smartphone manufacturer was widely and compulsively used by the world’s business […]
Read moreSeptember 24, 2013 7:31 am
Chrysler Group was forced to file paperwork for an IPO by its second-biggest shareholder on Monday, escalating a discussion with main owner Fiat which said it could scale back its commitment to the U.S. automaker. Fiat, which owns 58.5% of Chrysler, wants to take full control and buy out the rest of the stock owned […]
Read moreSeptember 24, 2013 6:35 am
U.S. stocks fell, with the Standard & Poor’s 500 Index having the longest retreat in a month, as financial shares sank and investors watched speeches from Federal Reserve officials for clues on monetary policies. The S&P 500 retreated 0.5% to 1,701.84 at 4 p.m. in New York. The benchmark gauge has lost 1.4% over three […]
Read moreSeptember 23, 2013 11:40 am
U.S. stock-index futures remain almost unchanged, following three weeks of gains for the Standard & Poor’s 500 Index, as a economic data report showed that China’s manufacturing expanded at its fastest pace in six months. S&P 500 futures expiring in December added 0.2% to 1,705.3 at 7:23 a.m. in New York. The benchmark index added […]
Read moreSeptember 23, 2013 8:48 am
Citigroup suffered a significant decline in trading revenues that threatens to decrease its earnings, according to people familiar with conversations between investors and the bank in recent days. People familiar with Citis discussions with its investors said the bank had highlighted a market-wide slowdown in activity. Some investors believe revenues will fall by significantly more […]
Read moreSeptember 23, 2013 7:27 am
In a last resort move to save business, BlackBerry has took steps to retreat from consumer market in favor of its traditional strength – serving businesses and governments. Analysts suggest the move will only speed up the downfall of the company. “Perception is nine tenths of reality and if customer and supplier confidence continues to […]
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