Stock News

Japanese car-makers to recover from missed chances in China

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

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

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

Sony PS4 console more profitable than old model, Xbox One to be released soon

Sony appears to be on a more profitable path with its latest gaming console, according to IHS. It is not widely known that PlayStation 3 console which Sony was selling so successfully for several years was sold on a loss for the company. Component costs for most of the different versions of the PS3 console […] Read more

Nissan pushes back EV target, Ghosn skeptical over fuel-cell technology

Carlos Ghosn, the CEO of Nissan and Renault confirmed today that both companies would push back by two to three years an initial target to sell a combined 1.5 million electric vehicles by March 2017. While Nissan has moved back its EV target, it also said it would lift U.S. production of its all-electric Leaf, […] Read more

US stock index futures slightly decrease before economic data

US stock-index futures were little changed toward red, before the Federal Reserve releases minutes of its latest policy meeting later today, and as investors await data on retail sales existing home sales and consumer price index. Futures on the Standard & Poor’s 500 expiring in December slipped 0.1% to 1,782.80 at 12:14 p.m. in London. […] Read more

General Motors reveals 2015 Chevrolet Colorado ahead of its debut

The auto maker presented its Chevrolet Colorado midsize pickup truck today at the 2013 LA Auto Show, the first in a long-term strategy designed to challenge Toyota and its Tacoma pickup, which has been a hit with young truck buyers since its introduction more than a decade ago. GM executives target the new trucks toward […] Read more

Tesla offers software fix to evade model S recall

Tesla Motors Inc., the electric-car maker under an investigation by US auto regulators, is seeking to solve issues on its model S car as fixing its software to prevent what could lead to expensive upgrades and longer-term damage to the image of the company. Chief Executive Officer Elon Musk said yesterday on his blog that […] Read more

US stocks retreat before CPI, retail sales, existing home sales data

US stocks declined after disappointing forecasts from several company earnings reports while investors focused on a speech from Federal Reserve Chairman Ben S. Bernanke amid consumer price index, retail sales and existing home sales data which is due today. The Standard & Poor’s 500 Index lost 0.2% to 1,787.87 at 4 p.m. in New York. […] Read more

Wal-mart is piling on deals amid weak holiday season sales predictions

US retailers are making big discounts earlier than ever as predictions of the slowest holiday shopping season since 2009 may be underway. Wal-mart, the worlds biggest retailer is deeply concerned over the upcoming shopping season, thus the company is already piling on fresh discounts. For example the top retailer is slashing the price a 32-inch […] Read more