Samsung and Sony to launch new products before Apple

August 19, 2013 7:20 am
Samsung Electronics and Sony Corp. would present new devices next month as the two electronic giants are competing to steal Apples moment. Samsung’s Galaxy Gear, a wireless technology department of Samsung would unveil a wristwatch-like device with features of a smartphone. Thats definitely not all from Samsung as the companys Note 3 will be introduced […] Read more

Europe stocks rose as data beats forecast and ends recession

August 19, 2013 6:31 am
European stocks advanced for a third straight week as data showing the euro area emerged from the longest recession on record amid speculation the Federal Reserve will reduce monetary stimulus. The benchmark Stoxx Europe 600 Index increased 0.1% to 306.36 this past week, extending its yearly advance to 9.5%. The Euro Stoxx 50 Index added […] Read more

US stock index futures point higher amid data

August 16, 2013 11:44 am
U.S. stock-index futures rose, signaling the Standard & Poor’s 500 Index will rebound from yesterday’s deepest drop in two months, before economic reports on housing and consumer confidence. Futures on the S&P 500 expiring in September added 0.3% to 1,660 at 6:24 a.m. in New York. Contracts on the Dow Jones Industrial Average climbed 17 […] Read more

Herbalife related to a Canadian pyramid scheme

August 16, 2013 11:30 am
Herbalife, the nutrition selling company under attack from shortseller Bill Ackman, allowed an affiliated business to continue operating in its network for almost a decade after Canadian authorities had labelled the operation a pyramid scheme, a Financial Times investigation indicates. Mr Ackman, founder of hedge fund Pershing Square, stated earlier that Herbalife itself is a […] Read more

Walmart adjusts forecasts amid fall of shares

August 16, 2013 8:23 am
Wal-Mart Stores Inc., confirming worries taking place throughout the retail sector, reported an unexpected second-quarter decline in its U.S. chain’s comparable store sales and cut both its profit and sales outlook for the year. The company’s shares dropped 2.6% on Thursday to be the second-biggest decliner in the Dow. The S&P Retail Index also dropped […] Read more

Facebook to convince advertisers with mobile payment feature

August 16, 2013 7:24 am
Facebook is testing a new mobile payment feature as it explores ways to boost revenues from advertisers by showing that ads on the social network lead directly to purchases. The feature will draw on credit card information already stored with Facebook to automatically fill in a payment information form when a person wants to buy […] Read more

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