Lufthansa favors purchasing Boeing, Airbus in a major deal

September 19, 2013 7:22 am
Deutsche Lufthansa signaled a major aircraft order to drive down fuel costs on long routes, saying its board had backed modernization plans that industry watchers expect to benefit both Airbus and Boeing Co. Germanys top carrier gave few details after Wednesdays board decision, but people familiar with the matter said the deal could include $14-15 […] Read more

US stocks closed higher as Fed postponed stimulus tapering

September 19, 2013 6:31 am
The Standard & Poor’s 500 Index climbed to a record after the Federal Reserve unexpectedly refrained from reducing bond buying, rewarding bulls who have enjoyed a 155% rally since stimulus began five years ago. The S&P 500 jumped 1.2% to 1,725.52 at 4 p.m. in New York, erasing an earlier decline of as much as […] Read more

BlackBerry pins hopes on Z30, Apple issues iOS largest software makeover

September 18, 2013 1:59 pm
Both companies are entering in a very critical part of the year releasing new products which aim to boost hopes for reaching targets. For BlackBerry that would be re-gaining some market share and securing a place among worlds top phone manufacturers as the company once was. BlackBerry launched its new Z30 flagship smartphone today, as […] Read more

US stocks-index futures slightly rose before Fed meeting

September 18, 2013 10:24 am
US stock-index futures were little changed, signaling the Standard & Poor’s 500 Index will remain near a record high, as investors awaited the Federal Reserve’s decision on reducing its monthly bond purchases. Standard & Poors 500 futures expiring in December added 0.2% to 1,701 at 10:21 a.m. in London. The benchmark index climbed to 1,704.76 […] Read more

EA sports head named as company’s new CEO

September 18, 2013 7:56 am
Electronic Arts has chosen the head of its sports unit, responsible for video gaming franchises such as Fifa Soccer and Madden NFL, as its new chief executive. Andrew Wilson, succeeds John Riccitiello, who stood down in March. He will head one of the world’s largest gaming companies at a critical moment for the industry, with […] Read more

Apple’s iOS 7 rolls out today, shares gained

September 18, 2013 7:08 am
Today Apple is supposed to roll out the biggest changes to its iPhone software since the smartphone was launched six years ago, hoping to avoid a repeat of the outcry against last year’s update to iOS. “Soon, were going to witness an event really almost unprecedented in our industry, when virtually overnight hundreds of millions […] Read more

US stocks gained before Fed meeting

September 18, 2013 6:24 am
US stocks rose, sending the Standard & Poor’s 500 Index on its way to a new record high, as Federal Reserve policy makers gathered for a two-day policy meeting. The S&P 500 added 0.4% to 1,704.76 at 4 p.m. in New York. The benchmark index is less than five points below its record high of […] Read more

US stock index futures remain unchanged at six week high

September 17, 2013 11:33 am
U.S. stock-index futures were little changed, indicating the Standard & Poor’s 500 Index will remain near a six-week high, as Federal Reserve policy makers prepared to begin a two-day policy meeting. “With the FOMC convening for its two-day policy meeting, there’s now a broad acknowledgment that we’ll see the tapering of QE getting under way […] Read more

European stocks retreat from 5-year high level

September 17, 2013 8:57 am
European stocks declined from a five-year high as investors sold stakes in companies such as Lloyds Banking Group Plc. US index futures remain unchanged, while Asian shares slid. The Stoxx Europe 600 index slid 0.4% to 312.06 at 9:04 a.m. in London after yesterday reaching to its highest level in more than five years. Stoxx […] Read more

Peugeot lost market share as European car market fell 5%

September 17, 2013 7:52 am
European car sales fell 5% last month, the Association of European Carmakers said on Tuesday, as PSA Peugeot Citroen lost more ground to premium and Asian rivals. Registrations of new passenger cars slumped by 5% in August after a 5% increase in July that could be contributed to the slow holiday month. Sales slid further […] Read more