Stock News

Cyber Monday extends over most of the season on fierce e-commerce competition

Cyber Monday, is one of the busiest online-commerce days of the year. Recently analysts observed it is spilling into the rest of the holiday season as more consumers use mobile devices as a more convenient method to shop online. Many shoppers are not waiting to return to work on the Monday after Thanksgiving to surf […] Read more

Apple steps to acquire Israeli motion sensor maker

Apple Inc. agreed to acquire PrimeSense Ltd., the maker of motion-tracking technology that was used in Microsoft Corp.’s Xbox game console. The Apples spokeswoman confirmed the purchase yesterday in a telephone interview according to Bloomberg adding that Apple tends to acquire smaller technology companies without saying the purpose of the purchase. Apple, the maker of […] Read more

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

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

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

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

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

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

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