US stocks retreated after disappointing home sales data

July 30, 2013 6:41 am
U.S. stocks fell, reducing a monthly gain for the Standard & Poor’s 500 Index, as fewer Americans signed contracts in June to buy previously owned homes. The S&P 500 fell 0.4% to 1,685.33 at 4 p.m. in New York. The benchmark index slumped less than 0.1% last week, halting its longest streak of weekly gains […] Read more

French government supports struggling Peugeot

July 29, 2013 2:30 pm
As being heavily reliant on the hardest-hit car markets of France, Spain and Italy, PSA Peugeot Citroen’s European sales have fallen by more than 13% in 2013, the largest of any car-maker number and double the rate of decline across the continent. Its factories are running at about 60% of total capacity, and in February […] Read more

Wireless upgrade plans to boost smartphone sales

July 29, 2013 12:53 pm
U.S. wireless carriers are offering customers to upgrade phones more often. That’s welcome news for consumers and could also provide a much-needed lift for Apple Inc. and Samsung Electronics Co. Verizon Wireless, AT&T Inc. and T-Mobile US Inc., which earlier this month gave users an option to replace devices as often as every six months, […] Read more

US stock index futures retreat before pending home sales data

July 29, 2013 11:30 am
US stock index futures slightly decreased hinting the Standard & Poor’s 500 Index will end its biggest monthly gain since October 2011, before a report that may show fewer Americans signed contracts to buy houses last month. Futures on the S&P 500 expiring in September slipped 0.2% to 1,686.6 at 7:26 a.m. in New York. […] Read more

Barclays to announce strategy for meeting regulations

July 29, 2013 8:58 am
Barclays will this week say how it plans to meet tougher U.K. rules on capital. The bank, which publishes results on Tuesday, is expected to set out plans either to sell bonds that are wiped out if it hits trouble or to raise equity to meet the U.K. rules. The bank is seeking about seven […] Read more

Procter & Gamble’s CEO to seize market opportunity

July 29, 2013 7:15 am
There is an ongoing trend among shaving industry – men who are more willing to shave their bodies than their faces are growing which is an opportunity for AG Lafley, Procter & Gamble’s newly-returned chief executive, as he seeks to revive the struggling business. Since 2009 Gillette has lost out to cheaper Energizer brands – […] Read more

US stock indexes recovered amid corporate earnings, economic data

July 29, 2013 6:44 am
U.S. stocks slightly advanced on Friday, with the Standard & Poor’s 500 Index erasing losses in the final 30 minutes of trading. Investors were focused on corporate earnings and consumer confidence before central-bank meetings next week. The S&P 500 climbed 0.1% to 1,691.65 at 4 p.m. in New York, reversing an earlier drop of 0.8%. […] Read more

Starbucks profit jumped led by food sales

July 26, 2013 1:15 pm
Starbucks Corp. Chief Executive Officer Howard Schultz’s shift into food is starting to pay off, driving traffic into U.S. stores and lifting sales and profit. Starbucks’s fiscal third-quarter net income advanced 25% to $417.8 million, or 55 cents a share, from $333.1 million, or 43 cents, a year earlier, the coffee shop chain said yesterday […] Read more

US stock index futures slightly decreased before consumer confidence data

July 26, 2013 11:00 am
U.S. stock index futures fell, with the Standard & Poor’s 500 Index heading for its first week of decline out of five, as investors focused on earnings reports and consumer confidence data. Futures on the S&P 500 expiring in September slipped 0.3% to 1,679.2 at 11:45 a.m. in London. Contracts on the Dow Jones Industrial […] Read more

Activision to separate from Vivendi in a $8.2 billion buyout

July 26, 2013 9:24 am
The maker of popular video games such as World of Warcraft and Call of Duty is taking steps to sign $8.2 billion deal and assure independence from the French telecom and entertainment company. The decision to separate from Vivendi represents a “tremendous opportunity” for Activision, CEO Bobby Kotick said, further ensuring its foothold as the […] Read more