Stock News - Part 538

Google and HP recall Chromebook 11 due to overheating issues

November 17, 2013 2:15 pm

Google and Hewlett-Packard are halting sales of their recently released Chromebook 11 computer after several users reports saying the device’s charger has been overheating. The precautionary measure announced this week comes 5 weeks after Google and Hewlett-Packard unveiled the Chromebook 11 as a budget-friendly alternative to laptop computers with similar features. The Chromebook has a […] Read more

US stocks continue record rise amid Fed speculation

November 16, 2013 6:47 pm

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

November 15, 2013 2:14 pm

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

Warren Buffett takes stake in ExxonMobil worth $3.7 billion

November 15, 2013 12:58 pm

Buffetts Berkshire Hathaway revealed on Thursday that on September 30, it grabbed a stake of roughly 40 million ExxonMobil shares. That stake would be worth $3.74 billion at Thursdays closing price. The purchase, disclosed in a regulatory filing yesterday, was partially funded by the sale of $500 million of Berkshire’s shares in Exxon’s rival, ConocoPhillips. […] Read more

US stock-index futures rise after Yellen comments on stimulus

November 15, 2013 12:00 pm

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

November 15, 2013 9:41 am

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

November 15, 2013 9:00 am

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

US stocks increase as Yellen commits to stimulus

November 15, 2013 8:02 am

US stocks advanced, extending benchmark indexes to fresh records, as comments from Janet Yellen signaled she will continue the Federal Reserve’s stimulus efforts amid negative jobless claims data and trade balance. The Standard & Poor’s 500 Index rose 0.5% to a record 1,790.62 at 4 p.m. in New York. The Dow Jones Industrial Average added […] Read more

Walmart beats profit expectations while full-year guidance suffers

November 14, 2013 2:33 pm

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

November 14, 2013 1:21 pm

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