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US stocks rose wrapping S&P 500’s seventh week of gains

November 23, 2013 11:36 am
US stock indexes gained, recording a seventh week of gains for the Standard & Poor’s 500 index, after initial jobless claims showed the pace of hiring increased and drug-makers were boosted by positive news of favorable decisions by European regulators. The S&P 500 added 0.5% to a record 1,804.76 at 4 p.m. in New York. […] Read more

United Continental is struggling to better compete Middle Eastern carriers

November 22, 2013 10:48 am
The Chief Financial Officer of the United Continental Holdings Inc. (UAL), John Rainey said yesterday in an interview that his company is interested in Boeing Co. new 777 planes in an attempt to better compete long-range flying as it braces for increased competition from Middle Eastern carriers such as Emirates. The largest U.S. operator of […] Read more

Japan’s stock outlook by Goldman Sachs boosted sixth time this year

November 22, 2013 9:19 am
Although there are growing concerns about the economic policy of the Japanese Prime Minister, Shinzo Abe, Goldman Sachs raised its one-year outlook for Japanese shares, boosting their price target for a sixth time in the current 2013 year. In a yesterdays report by a group of strategists led by Kathy Matsui, cited by Bloomberg, “Goldman […] Read more

US government plans to withdraw its stake from General Motors

November 21, 2013 8:29 pm
US treasury stated that it plans to sell its remaining shares of General Motors by the end of this year. The withdrawal may relieve taxpayers of about $10 billion. Treasury has reported today that it sold $70 million worth of GM shares which added to the rest sums to $38.4 billion from the total of […] Read more

Toyota’s hydrogen fuel-cell car to compete with Tesla models

November 21, 2013 1:12 pm
Tesla Motors Inc. has been in the center of news recently as the auto maker had to deal with engine fires investigated by US auto regulators . Meanwhile, other luxury manufacturers like Porsche have begun to attack the alternative energy car market on their own. However, as of right now, no one runs on an […] Read more

US stock-index futures advance before jobless data, producer price index

November 21, 2013 11:54 am
U.S. stock-index futures rose, predicting the Standard & Poor’s 500 will halt three consecutive days of losses, as investors focus their attention on initial jobless claims report in the world’s largest economy. Futures on the S&P 500 expiring in December gained 0.2% to 1,783.3 at 11:53 a.m. in London. The benchmark index dipped yesterday after […] Read more

Japanese car-makers to recover from missed chances in China

November 21, 2013 10:30 am
Chinese auto industry demand, contrary to global financial crisis in the global markets, kept expanding, accounting for one-third of the industry’s total growth over the period of five years between 2008 and 2013. Last year, annual sales of passenger cars and minivans remained, 9% and 14% below their pre-crisis peaks in the US and Western […] Read more

PS4, Xbox One to boost Gamestop, Wal-mart, BestBuy sales

November 21, 2013 9:38 am
Retailers that have experienced a prolonged slump in video gaming sales due to the extended absence of new devices, are hoping that Sony’s PlayStation 4 and Microsoft’s Xbox One will bring more sales to what would most likely be the slowest Christmas shopping season in years. Seven years ago Sony showed its PS3 console which […] Read more

US stocks drop amid investors concern of strong employment data

November 21, 2013 7:48 am
U.S. stocks dropped, sending the Standard & Poor’s 500 Index to a third day of losses, after analysis of minutes from the Federal Reserve signaled the central bank may reduce bond purchases in the coming months. On top of those news, investors are expecting positive economic data to be released this week which would only […] Read more