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

BlackBerry forms a special committee to weigh options

August 12, 2013 2:22 pm
BlackBerry Ltd. said it’s considering putting itself up for sale, which is the strongest indication yet that the smartphone maker won’t remain independent as competition hurts sales and hammers its stock price. A special board committee will consider ways to boost BlackBerry’s value by exploring options such as joint ventures, partnerships or a sale of […] Read more

US stock futures drop amid stimulus concerns

August 12, 2013 11:10 am
U.S. stock-index futures retreated, forewarning benchmark indexes will retreat further from a record high after posting their worst weekly losses since June. “It was below my expectations,” Takahiro Sekido, a Tokyo-based strategist at Bank of Tokyo-Mitsubishi UFJ Ltd., told Mark Barton and Anna Edwards on Bloomberg Television, referring to Japan’s quarterly economic growth. “The capital […] Read more

Ryanair pilots say company’s culture may hurt safety

August 12, 2013 8:31 am
A survey of more than 1000 Ryanair captains and first officers has found concerns about the low-cost carrier’s safety culture, and support for an inquiry by regulators. Ryanair, Europe’s largest budget airline by revenue, declined to comment on the survey on Sunday, but said it had an “unblemished 29-year safety record”. The scale of the […] Read more

GM steps to reduce risk of South Korea plant

August 12, 2013 7:35 am
GM has given South Korea plant a great priority as one of its main production hubs after its 2002 purchase of failed local car-maker Daewoo Motors. The country accounts for slightly more than 20% of GMs annual global production of some 9.5 million cars. More than 80% of those GM cars made in the country […] Read more