US stocks retreated the most since June amid US data, company reports

August 16, 2013 6:30 am
U.S. stocks sank the most since June as reports from Cisco Systems Inc. and Wal-Mart Stores Inc. disappointed while improving economic data fueled concern the Federal Reserve will reduce stimulus. The Standard & Poor’s 500 Index lost 1.4%, the most since June 20, to 1,661.32 at 4 p.m. in New York. The Dow Jones Industrial […] Read more

US stock index futures retreat amid Fed’s statements

August 14, 2013 11:48 am
U.S. stock-index futures slumped as investors speculated on the Federal Reserve’s future monetary policy amid signs the global economy is strengthening. Feds presidents statements are in focus of investors attention as they might shed some light of when the central bank would taper its bond purchasing program. Futures on the Standard & Poor’s 500 Index […] Read more

Icahn invests on large position in Apple

August 14, 2013 8:31 am
Investor Carl Icahn has grabbed a stake valued at over $1 billion in Apple Inc., pressing on the matter that more cash should be falling from the tech giants branches. While Apple earlier this year announced a large buyback, Mr. Icahn said in an interview Tuesday that he wants to see it happen right away, […] Read more

Labor unions press on Hyundai and Kia, voted for strike

August 14, 2013 7:39 am
Unions at Hyundai Motor and affiliate Kia Motors have voted in favor of strike action, raising the possibility of continued disruption a year after the South Korean labor walkout which was extremely costly for the car-maker. The workers at the companies’ South Korean factories are among the best paid in the global automotive industry, thanks […] Read more

US stocks advanced after retail sales data

August 14, 2013 7:02 am
U.S. stocks gained, with the Standard & Poor’s 500 Index trimming previous days losses, as data on retail sales reinforced signals the economy is expanding moderately. The S&P 500 rose 0.3% to 1,694.16 at 4 p.m. in New York. The Dow Jones Industrial Average added 31.33 points, or 0.2%, to 15,451.01. “The general tenor of […] Read more

US companies save on taxes as relocating in Europe

August 13, 2013 2:40 pm
A growing number of US companies succeed in saving hundreds of millions of dollars in tax by relocating to Europe after completing takeovers on the continent. Some of the significantly big mergers and acquisitions so far in 2013 have involved so-called “tax inversions” – where a US acquirer shifts overseas, to Europe in particular, to […] Read more

US stock-index futures point to a rebound

August 13, 2013 10:50 am
U.S. stock-index futures gained, indicating the Standard & Poor’s 500 Index will rebound from two days of losses, as investors awaited a report that may show retail sales in the world’s largest economy rose in July. The report is due to be released at 1:30 pm London time along with the US import price index. […] Read more

European stocks rose before Eurozone data, US retail sales

August 13, 2013 8:48 am
European stocks advanced for a fourth day as investors weighed earnings results and awaited reports that may show rising economic sentiment and U.S. retail sales. U.S. index futures and Asian shares also increased. The Stoxx Europe 600 Index rose 0.5% to 307.55 at 8:29 a.m. in London, the highest level since May 28. The measure […] Read more

Apple to present new iPhone and iPad models, aiming to boost sales

August 13, 2013 7:16 am
Apple Inc. is preparing for a intensive month with the debut of a new iPhone and iPad models, trying to retain its position as a leader in innovation in the increasingly crowded smartphone and tablet markets. Last year company was criticized of not coming with anything innovative or even updated. Apple will unveil a new […] Read more

US stock indexes slightly declined after week of losses

August 13, 2013 6:31 am
U.S. stocks fell, giving the Standard & Poor’s 500 Index to its fifth drop in six sessions, as data showed a slowdown in Japan’s economic growth and investors awaited tomorrow’s report on US retail sales. The S&P 500 fell 0.1% to 1,689.47 at 4 p.m. in New York, extending its loss from a record high […] Read more