US stock-index futures remain unchanged for a second day

September 12, 2013 1:08 pm
U.S. stock-index futures were little changed, after seven days of gains for the Standard & Poor’s 500 Index, as investors weighed an unexpected drop in jobless claims to support the Federal Reserve’s next move on stimulus. Futures on the S&P 500 expiring this month dropped 0.02% to 1,688.5 at 9:00 a.m. in New York. Contracts […] Read more

Royal Mail to hold Initial Public Offering in coming weeks

September 12, 2013 10:59 am
Royal Mail Group Ltd., the U.K.’s more than 350-year-old postal service, intends to hold an initial public offering of a majority stake in coming weeks to help the company gain a competitive edge against European rivals. “This is an important day for the Royal Mail, its employees and its customers,” Vince Cable, who is the […] Read more

European cars are turning tiny and green

September 12, 2013 7:31 am
Germany’s car-maker giants are finally going electric, as for the first time, all of the world’s major manufacturers are embracing electric or hybrid models, suggesting that the industry is reaching a tipping point. Volkswagen, the world’s third-largest car company by sales, unveiled two electric cars at the Frankfurt Motor Show and promised it would have […] Read more

US stocks rose amid Syria political decision

September 12, 2013 6:32 am
US stocks rose, sending the Standard & Poor’s 500 Index to a one-month high, as diminishing concern over a military strike against Syria offset Apple Inc.’s biggest decline since April. The S&P 500 rose 0.3% to 1,689.13 at 4 p.m. in New York, the seventh straight winning session and the highest level since Aug. 13. […] Read more

US stock index futures unchanged after Syria hold

September 11, 2013 11:25 am
U.S. stock-index futures were almost unchanged, following six days of gains for the Standard & Poor’s 500 Index, after President Barack Obama postponed a decision on whether to take military action against Syria and agreed to a political solution. Futures on the S&P 500 expiring this month sank less than 0.1% to 1,681.8 at 10:37 […] Read more

Intel looking for the next great innovation

September 11, 2013 8:29 am
Intel on Tuesday shared plans to leapfrog the smartphone era with a new family of micro chips for devices designed to be worn, embedded in everyday objects or ingested. “It’s very much the next frontier,” said to Financial Times, Renée James, Intel’s president. “It takes us down to a level we haven’t been at before.” […] Read more

Apple Iphone shifts from innovation to following competition

September 11, 2013 7:15 am
Apple Inc., the company that revolutionized the era of mobile touch-based computing with the iPhone’s 2007 debut, is taking more cues from the competition as struggling to come up with creating innovation. The company tries to diversify its smartphone as offering a budget version of its flagship. In a break with the past, when the […] Read more

US stocks jumped amid Syria tension ease

September 11, 2013 6:19 am
US stocks advanced, extending the longest winning streak for the Standard & Poor’s 500 Index since July, as data showed China’s economy is improving amid signs of easing tensions over Syria. The S&P 500 advanced 0.7% to 1,683.99 at 4 p.m. in New York. The index has gained for six straight days, the most since […] Read more

US stock-index futures rise amid China industrial production data

September 10, 2013 10:55 am
US stock-index futures advanced, indicating the Standard & Poor’s 500 Index will extend the longest winning streak in almost two months, as data showed Chinese industrial production and retail sales rose for the month of August. S&P 500 futures expiring this month advanced 0.5% to 1,677.2 at 11:35 a.m. in London and contracts on the […] Read more

Hyundai agreed to a wage increase after union pressure

September 10, 2013 9:32 am
Hyundai Motor has reached a final agreement with the labor union to end a workers protests that have cost South Korea’s largest automaker $921 million in lost production. The Hyundai union voted late on Monday night to approve Friday’s preliminary agreement that included a wage increase of 5.14% and a bonus payment to each employee […] Read more