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Apple prepares curved iPhone screens, enhanced sensors

November 11, 2013 2:43 pm
Tech giant Apple is developing a new iPhone design that incorporates a curved screen and enhanced sensors, according to people familiar with the matter cited by Bloomberg. Two models are planned for release in the second half of 2014 which would feature larger displays with curved glass, according to an unnamed person “familiar with the […] Read more

US stock-index futures little changed after week of gains

November 11, 2013 1:56 pm
U.S. stock-index futures are little changed, after companies posted the longest streak of weekly gains since February, as investors focused on earnings reports this week from retailers to asses the strength of consumer demand. Standard & Poor’s 500 Index futures expiring next month climbed 0.1% to 1,768.5 at 8:32 a.m. in New York. The benchmark […] Read more

European stock indexes remain almost unchanged amid China industrial data

November 11, 2013 12:29 pm
Most European stocks remained unchanged, standing on five weeks of gains, amid better-than-forecast industrial output in China. Asian shares gained, while U.S. stock index stayed at record levels. The Stoxx Europe 600 index added 0.2% to 323.04 at 12:04 p.m. in London. The benchmark index has gained for five straight weeks, trading near its highest […] Read more

Alibaba prepares for “Double 11” – Chinese “Black Friday”

November 10, 2013 8:38 am
Alibaba is an e-commerce businesses including business-to-business online web portals, online retail and payment services, a shopping search engine and data-centric cloud computing services. The 14-year-old company, founded by a former English teacher, is hard to categorize. While it is often called the Amazon.com of China, Alibaba is more of a mix between eBay Inc. […] Read more

US stocks advance this week amid positive data

November 9, 2013 8:26 am
U.S. stocks gained for the week, pushing the Standard & Poor’s 500 Index to record high levels, as release of data fueled concern the Federal Reserve could scale back stimulus as soon as this year. The S&P 500 added 0.5% to 1,770.61 over the five days, extending the benchmark index’s raise to a fifth straight […] Read more

Tesla’s third fire accident drives shares down 7.5%

November 8, 2013 1:01 pm
Tesla Model S electric car has caught on fire this week after hitting road debris on a Tennessee freeway. This is the third reported fire in a Model S in less than a month and a half. The accident happened on Wednesday afternoon near Smyrna, Tennessee. The fire, similarly to previous accidents, engulfed the front […] Read more

US stock-index futures rise before unemployment rate

November 8, 2013 12:09 pm
US stock futures advanced, signaling the Standard & Poors 500 would try to erase yesterdays losses, as investors stay focused on unemployment rate data with speeches from Federal Reserve Chairman Ben Bernanke and other central bank officials also expected. Futures for the Dow Jones Industrial Average rose 14 points to 15,581, at 11:54 a.m., London […] Read more

Twitter’s IPO proves successful, shares jump 73%

November 8, 2013 10:14 am
Despite investor worries that Twitter may follow Facebook in first days of trade, the shadow of doubt which troubled the micro-blogging site has finally passed from the financial markets. Twitter soared 73% to $44.90 yesterday at close, the biggest first day gain for an IPO of more than $1 billion since 2007 after Alibaba.com. About […] Read more

Disney shows record profits amid Netflix deal

November 8, 2013 8:55 am
Walt Disney reported record full-year profits and revenues, boosted by big gains in its theme parks and consumer products divisions, as it agreed to a new television deal with Netflix and the release date for its new Star Wars film. Disney and Netflix reached to deal to develop shows based on Marvel superhero characters. The […] Read more

US stocks decline after unexpectedly high GDP data, Fed speculation

November 8, 2013 7:26 am
U.S. stocks retreated, pressing down the Standard & Poor’s 500 Index to its most substantial loss in two months, amid speculation the Federal Reserve may scale back stimulus after larger-than-estimated GDP growth overshadowed decision by the European Central Bank to cut interest rate. The S&P 500 fell 1.3%, the most since Aug. 27, to 1,747.15 […] Read more