Citigroup could post lower Q3 earnings, trading revenue slows

September 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 more

BlackBerry ditches consumer market, turns to corporate roots

September 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 […] Read more

Stock market turns risky after Fed’s decision not to taper

September 23, 2013 6:36 am
Last weeks Wednesday the Dow Jones Industrial Average jumped 147 points Wednesday, returning to record territory after the Fed put off cuts decision. But it gave it all back on Thursday and Friday, falling 226 points and finishing the week at 15451.09, 1.4% off Wednesday’s record. For now, the Fed continues pumping a full amount […] Read more

US stock futures remain frozen near zero change

September 20, 2013 11:36 am
U.S. stock-index futures were little changed, with the Standard & Poor’s 500 Index poised for a third week of gains, as investors awaited speeches by Federal Reserve policy makers after the central bank unexpectedly refrained from reducing monetary stimulus this week. S&P 500 futures expiring in December slipped less than 0.1% to 1,716.3 at 10:25 […] Read more

Adidas concerned over 2013 profit, shares decline

September 20, 2013 9:00 am
Adidas, the world’s second largest sportswear group by sales, issued a profit warning Thursday night blaming the slump in emerging market currencies for lower than expected projected sales for the year. Shares in the group logically fell 5% in response in early morning trading on Friday. According to the German company investors should expect income […] Read more

Microsoft to rely on online services in transition from PC

September 20, 2013 7:41 am
Microsoft Corp. is relying more heavily on rapid growth in some of its new online services to carry it through the transition to the post-PC world, outgoing chief executive Steve Ballmer indicated on Thursday in what could be his last meeting with Wall Street analysts. “Office 365 and Azure have got to be a touchdown,” […] Read more

US stocks slightly retreated from record levels amid taperless Fed

September 20, 2013 6:36 am
U.S. stocks fell after the Standard & Poor’s 500 Index rallied to a record yesterday on the Federal Reserve’s decision to refrain from cutting stimulus as investors weighed economic data. The S&P 500 fell 0.2% to 1,722.34 at 4 p.m. in New York. The Dow Jones Industrial Average lost 40.39 points, or 0.3%, to 15,636.55. […] Read more

Sony sets ambitious target for PS4 console

September 19, 2013 2:28 pm
Sony has set an ambitious initial sales target for its newest PlayStation game console, motivated by the generational decline that has tripped rival Nintendo, whose most recent machine failed to replicate the massive popularity of its predecessor. Sony said today it expects to sell 5 million units of the PlayStation 4 between the console’s November […] Read more

US stock futures advance pointing to S&P 500 record high

September 19, 2013 11:17 am
U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index will extend its all-time high, as investors weighed yesterday’s decision to prolong Federal Reserve stimulus and awaited data on home sales and jobless-benefit claims. S&P 500 futures expiring in December advanced 0.4 percent to 1,724.5 at 10:21 a.m. in London. The benchmark index climbed […] Read more

Smartphone cameras overshadow Canon, Nikon

September 19, 2013 8:43 am
With industry revenue falling to the lowest level in a decade amid surging smartphone sales, Nikon Corp., the world’s No. 2 camera maker, has cut prices to attract consumers. Market leader Canon Inc. may follow suit to keep pace, according to UBS AG, putting pressure on smaller producers and possibly leading them to retreat from […] Read more