Articles by: Ivaylo Mihaylov

Volkswagen beats GM in China, increases investments for 2014

Both companies, Volkswagen AG and General Motors are surpassing their targets to deliver more than 3 million automobiles in China this year. The German automaker is pointed to sell more vehicles in China than General Motors Co. for the first time in nine years, regaining its place as the biggest foreign carmaker in the world’s […] Read more

US stocks rise to fresh records amid positive data during a shortened session

US stocks rose, continuing records for benchmark indexes, as economic data releases showed orders for durable goods and sales of new homes topped forecasts. The Standard & Poor’s 500 Index added 0.3% to 1,833.32. The Dow Jones Industrial Average advanced 62.94 points, or 0.4%, to 16,357.55. U.S. equities markets closed at 1 p.m. yesterday before […] Read more

US stocks continue their run in record territory as economy outlook improves

U.S. stocks gained, pushing benchmark indexes further to all-time highs, as Apple Inc. rallied and the International Monetary Fund indicated it would raise its outlook for the economy. The Standard & Poor’s 500 Index added 0.5% to 1,827.99 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 73.47 points, or 0.5%, to […] Read more

US stock-index futures advance before sentiment data

U.S. stock-index futures gained, after the Dow Jones Industrial Average recorded its biggest weekly jump in three months, signaling the U.S. indexes could continue their climb amid Consumer-Sentiment Report. Futures for the Dow Jones Industrial Average put on 45 points, or 0.3%, to 16,226, while those for the S&P 500 index picked up 7.30 points, […] Read more

Fiat to continue the push for Chrysler’s acquisiiton

Fiat Chief Executive Officer Sergio Marchionne seems to have not given up on negotiations with a United Auto Workers medical trust to buy the remaining shares of Chrysler Group LLC. As the initial public offering of Chrysler is put on hold, Fiat executives met this week with representatives of the retiree health-care trust, two people […] Read more

US stocks rise to record levels amid positive GDP

U.S. stocks advance, sending the Standard & Poor’s 500 Index reaching to its biggest weekly gain since Octoberas data, showing faster-than-estimated GDP growth boosted confidence in the world’s largest economy. The S&P 500 added 0.5% to a record 1,818.32 at 4 p.m. in New York. The Dow Jones Industrial Average rose 42.06 points, or 0.3%, […] Read more

US stocks surge on $10 billion Fed tapering

U.S. stocks gained, sending benchmark indexes to all-time highs, after the Federal Reserve said it will reduce the pace of its monthly bond purchases mainly due to expressed confidence in the labor market recovery. The Standard & Poor’s 500 Index advanced 1.7% to 1,810.65 at 4 p.m. in New York, surpassing its previous record close […] Read more

Stocks rise in US and Europe, amid manufacturing data, Fed meeting

US stock indexes partially recovered from the worst weekly slump since August while European stocks rose the most in two months amid manufacturing growth and as investors awaited the outcome of the Federal Reserve’s meeting. The Standard & Poor’s 500 Index added 0.6% to 1,786.54 by 4:30 p.m. in New York, while the Stoxx Europe […] Read more

US stock futures decline before Fed meeting, European stocks advance

US stock-index futures dropped as Asian stocks headed for a three-month low before the two-day Federal Reserve meeting starting tomorrow and as a survey showed China’s manufacturing expansion slowing. European shares erased an early drop and are little changed from the level they opened today. The preliminary reading of the Chinas Purchasing Managers’ Index by […] Read more

GM sells its entire 7% stake in Peugeot

General Motors Co. sold its entire stake of the struggling French carmaker which hopes to find financial help from its Chinese partner – Dongfeng. Peugeot and Dongfeng Motor Co. have agreed to expand their industrial alliance. But the two are still negotiating a potential equity investment by Chinas second-largest auto maker. GMs decision to sell […] Read more