Stock News

US stocks continue record rise amid Fed speculation

US stocks advanced on Friday, as benchmark indexes extended its records, wrapping up sixth week of gains, as investors assessed data on factory output along with Yellens comments on the Feds monthly stimulus. The Standard & Poor’s 500 Index rose 0.4% to 1,798.18 at 4 p.m. in New York. The benchmark index added 1.6% in […] Read more

BMW invests in carbon fiber plant to gain advantage

BMW (Bayerische Motoren Werke AG) will use the carbon fiber material for the passenger frame of the i3 electric car, which goes on sale at dealers in Germany tomorrow and will soon be available worldwide. “Looking forward to 2020, we saw threats to our business model,” Chief Financial Officer Friedrich Eichiner, who was head of […] Read more

US stock-index futures rise after Yellen comments on stimulus

US stock index futures advanced, signaling benchmark indexes will extend their run into record territory after Yellen comments toward continuing Fed stimulus policy. Investors focus their attention on recent economic data trying to asses whether Fed will cut back its bond-purchasing program sooner than March 2014. Futures on the Standard & Poor’s 500 Index expiring […] Read more

Samsung’s smartphone sales beat Apple’s, Motorola announce low-budget handset

Samsung sold almost three times as many smartphones as rival Apple in the third quarter, according to Gartner research firm, reflecting the South Korean tech giants growing dominance in the increasingly competitive industry. Worldwide, the Korean-based company sold 80,357 smartphones to users, during the three month period from July to September, compared with just 30,330 […] Read more

Sony looking for much needed PS4 sales momentum

Sony presents to the market The PlayStation 4 console at the right moment for the company as it desperately needs sales boost. Chief Executive Officer Kazuo Hirai, who has made the video-game console the centerpiece of a revised corporate strategy, needs the introduction to pass smoothly. “Gamers are tired of that PS3 that theyve had […] Read more

Walmart beats profit expectations while full-year guidance suffers

Wal-Mart Stores Inc., the world’s largest retailer, cut its annual profit forecast for the second time this year as the slow economic recovery and increased competition from dollar stores reflect on sales. Wal-Mart reported a 2.8% rise in its fiscal third-quarter earnings and narrowed its full-year earnings outlook. The worlds largest retailer, said net income […] Read more

Samsung invests in its own operating system named Tizen

The consolidation of global technological companies in the last few years reflects trends such as companies tend to cut supply chain as for an example to produce their own software. Apple has always made its own operating system for the iPhone. Google Inc. acquired Motorola Mobility in 2011 and Microsoft Corp. announced in September its […] Read more

US stock-index futures advance amid Yellen comments on stimulus

US stock-index futures gained, signaling the Standard & Poor’s 500 Index will extend its all-time high, as Janet Yellens comments let investors speculate that she plans to continue the Federal Reserve’s monetary stimulus. Futures on the S&P 500 expiring in December added 0.2% to 1,781.7 at 11:39 a.m. in London. The S&P 500 and the […] Read more