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Mercedes-Benz beats BMW on the luxury car market in U.S.

December 3, 2013 12:41 pm
Daimler AGs Mercedes-Benz has long been second on the luxury car market in the United States, while BMW has occupied the first place among the most successful companies in the business over the last couple of years. However, this year Mercedes-Benz has all the chances of beating BWM and becoming the top-selling luxury-car maker in […] Read more

Apple buys the social analytics firm Topsy in order to track Twitter

December 3, 2013 10:09 am
Apple Inc. has recently bought Topsy Labs Inc., which is commonly known as one of the main providers of social-media analytics on Twitter. Topsy is one of the analytics specialists, who deals with checking the frequency which a term is tweeted with, finding and influential person or issue, etc. This is only one of the […] Read more

Hilton enters the largest hotel initial public offering

December 3, 2013 7:35 am
Although the lodging chain Hilton Worldwide Holdings Inc. was bought by Blackstone Group LP in 2007, it now plans to raise its initial public offering in the United States of America to 2.4 billion dollars, which is the highest initial public offering in the history of hotel companies. The McLean, which is one of the […] Read more

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