US stock-index futures decline amid stimulus tapering talk

August 7, 2013 11:12 am
U.S. stock-index futures retreated, indicating the Standard & Poor’s 500 Index will fall for a third day, amid investor speculation the Federal Reserve will pare bond purchases as the economy strengthens. Futures on the S&P 500 expiring in September slid 0.4 percent to 1,687.7 at 11:58 p.m. in London. The index sank the most in […] Read more

Walmart considers Hong Kong supermarket business

August 7, 2013 9:25 am
American multinational retailer Wal-Mart is reported to be considering buying the ParknShop supermarket chain. The business is being sold by Hutchison Whampoa, which is controlled by billionaire tycoon Li Ka-shing. Lis Hutchison Whampoa Ltd conglomerate has set an August 16 deadline for initial bids for ParknShop, which it values at as much as $4 billion, […] Read more

Disney’s revenue beats estimates despite Lone Ranger’s failure

August 7, 2013 7:51 am
Walt Disney is heading for a write-down of up to $190 million over the poor performance of its summer release The Lone Ranger. Marketing costs for the film hit quarterly profits at the company, although higher advertising fees at its ESPN cable network helped lift earnings above analyst expectations. However, revenues for the three months […] Read more

US stocks fell amid stimulus tapering concerns, trade balance data

August 7, 2013 6:33 am
U.S. stocks retreated for a second day in a row, giving the Standard & Poor’s 500 Index its biggest decline since June 24, as trade data fueled concern the Federal Reserve may reduce its bond purchases this year. The S&P 500 lost 0.6% to 1,697.37 at 4 p.m. in New York, extending yesterday’s loss after […] Read more

UK car industry on a upbeat, expectations follow

August 6, 2013 2:29 pm
The UK car industry raised its annual sales forecast after more than a year of  half straight raise of sales, as the country’s largest dealer reported first-half profit up by almost a quarter. A sustained climb in car demand has helped the UK industry to overcome the European slowdown in sales amid a wider revival […] Read more

US stock futures remain little changed amid Fed representatives statements

August 6, 2013 11:04 am
U.S. stock index futures were almost unchanged as investors awaited the opinion of Federal Reserve Bank of Chicago President Charles Evans for indications of the central bank’s policy. Futures on the Standard & Poor’s 500 Index expiring in September slumped 0.15% to 1,702.1 at 11:55 a.m. in London. Contracts on the Dow Jones Industrial Average […] Read more

Amazon’s CEO to buy Washington Post

August 6, 2013 9:12 am
Amazon.com Inc. Chief Executive Officer Jeff Bezos agreed to buy the Washington Post for $250 million in a bet that he can apply his success in e-commerce to the struggling newspaper industry. The CEO is making the deal as an individual and not as part of Amazon, the world’s biggest online retailer, according to a […] Read more

Credit Agricole earnings rose after sell of Emporiki unit

August 6, 2013 8:22 am
Credit Agricole SA, France’s third-largest bank by market value, said profit surged in the second quarter after the sale of its unprofitable Greek unit. Credit Agricole is recovering from two consecutive annual losses after selling its Athens-based Emporiki unit, a business that cut earnings by about 370 million euros in the second quarter of 2012. […] Read more

US stocks retreated amid Fisher comments about stimulus

August 6, 2013 6:43 am
U.S. stocks fell from record highs as investors focused on data showing stronger than forecast growth in service industries and a Federal Reserve official’s comment that the central bank is closer to slowing its monthly bond buying. The Standard & Poor’s 500 Index sank 0.1% to 1,707.14 at 4 p.m. in New York. The Dow […] Read more

US stocks fell as investors focus on ISM non-manufacturing composite

August 5, 2013 2:13 pm
U.S. stocks fell, after the Standard & Poor’s 500 Index climbed to fresh highs last week, as investors awaited a report that may show American service industries grew at a faster pace in July. The S&P 500 declined 0.2% to 1,705.57 at 9:32 a.m. in New York. The equity benchmark gained 1.1% last week as […] Read more