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US stocks extend declines amid factory data

December 3, 2013 7:24 am
US stocks retreated, with the Standard & Poor’s 500 Index extending declines in the final hour of trading, as data showed manufacturing unexpectedly climbed last month amid reports on holiday retail sales. The S&P 500 dropped 0.3% to 1,800.90 at 4 p.m. in New York, after earlier rising as much as 0.2%. The Dow Jones […] Read more

More web companies start building TV ads campaigns

December 2, 2013 3:01 pm
Three of the largest global web and technology companies – Google Inc., AOL Inc. and Yahoo Inc. have been recently doing their best in order to attract more advertisers to their outlets and chase them away from television. However, television proved itself to be a strong competitor, even for some of the most successful website […] Read more

Nestlé goes through some difficulties on the path towards a healthier future

December 2, 2013 1:12 pm
Being one of the leading companies in the food and beverage production business, Nestlé SA has always been one of the most reputable companies worldwide, too. Over the last years its name has become an epitome of consistency, solidity, and of course – success. This makes it one of the most famous, loved and long-lasting […] Read more

Amazon is making some tests with drones for their deliveries

December 2, 2013 10:26 am
Jeff Bezos, who is the founder of Amazon announced that the company is currently developing unmanned aerial drones that are planned to be used for customers delivery in five years. Bezos said: “I know this looks like science fiction. Its not.” The company is known as the worlds largest companies in the retail business, which […] Read more

Dairy exporter Fonterra may face legal action by Danone

December 2, 2013 9:01 am
It seems that legal actions against the New Zealand dairy exporter Fonterra may be taken by Danone SA, which is one of the largest France-based food companies and primarily produces fresh milk products, biscuits, cereal products, medical nutrition products and baby foods. The litigation is over an infant formula, which is considered to contain a […] Read more

Asian stocks mixed as China tumbles, US prepares for weak retail sales

December 2, 2013 7:34 am
Asian stocks hesitated between gains and losses as China’s manufacturing growth beat analyst estimates and retail sales in the US expected to turn the weakest holiday results since 2009. The MSCI Asia Pacific Index was little changed at 142 as of 2:02 p.m. in Hong Kong, having fluctuated between gains of 0.1% and losses of […] Read more

US stocks little changed in shortened session, retailers gain

December 1, 2013 1:40 pm
US stocks slightly dropped on Friday in a shortened session, while posting a gain for the whole week, lifting the S&P 500-stock index to its longest rally of weekly advances in almost a decade. The S&P 500 fell 0.1% to 1,805.81, reversing an earlier gain of as much as 0.4%. The benchmark rose 0.1% for […] Read more

Wal-mart reports strong sales amid labor strikes

November 30, 2013 6:44 am
Wal-mart Stores Inc. and other large retailers such as Target, Sears, Macys reported strong Thanksgiving Day and Black Friday traffic in stores and online, which would most likely extend during the weekend, adding that shoppers were focused on “pricey” electronic products. Without providing further details retailers concluded that their decisions to open earlier on the […] Read more

A 1.4-million-dollar deal: Orange plans to sell Dominican Unit to Altice

November 29, 2013 1:36 pm
One of the greatest deals for Orange SA is about to happen. The biggest telecommunication company in France announced that it has agreed to sell its Dominican Republic unit to Altice. The deal is estimated to 1,4 billion dollars and will be executed after the approval of the Dominican authorities. The use of the Orange […] Read more

Profit forecasts and quarterly sales of Tiffany raise more than expected

November 29, 2013 12:03 pm
One of the most famous multinational luxury jewellery and retailers – Tiffany & Co announced on Tuesday that its sales rose last quarter thanks to its Chinese jewellery customers. This is quite a promising sign, because it means that positive full-year profit forecast is still on the agenda. The companys global sales rose 7% in […] Read more