Stock News

US stock futures rise amid China factory data

U.S. stock-index futures advanced, suggesting the Standard & Poor’s 500 Index will rebound from yesterdays losses, as investors speculated that government would cut its bond-purchasing policy as soon as March 2014. S&P 500 futures expiring in December rose 0.5% to 1,747.4 at 12:01 p.m. in London. The benchmark index has gained 3.9% this month, extending […] Read more

Walmart to open more than 100 new stores in China till 2016

WalMart, the worlds biggest retailer, is boosting its China business as it is looking for opportunities to raise profitability in a slowing retail sector. WalMart will open up to 110 facilities in China between 2014 and 2016, in addition to the 30 it has already opened this year, it said at a press event in […] Read more

Canon lowers earnings forecast amid sluggish digital camera demand

Japans Canon Corp, the world largest camera manufacturers, cut its operating profit outlook for a second quarter in a row as a decline in the market for high-end cameras dragged on with a sharper-than-expected slowdown in emerging markets. Net income of the company will probably amount to 240 billion yen ($2.5 billion) for the year […] Read more

US stocks decline after reaching record levels amid disappointing corporate earnings

U.S. stocks retreated, snapping the Standard & Poor’s 500 Index five-day rally, as forecasts at companies from Caterpillar Inc. to Broadcom Corp. disappointed investors. The S&P 500 fell 0.5% to 1,746.38 at 4 p.m. in New York. The Dow Jones Industrial Average lost 54.33 points, or 0.4% to 15,413.33. About 6.6 billion shares changed hands […] Read more

US stock-index futures decline after mixed jobs data, corporate earnings

U.S. stock-index futures fell, suggesting the Standard & Poor’s 500 Index will retreat from a record levels after five days of gains, amid disappointing non-farm payrolls and weak corporate earnings of networking equipment makers. Non-farm payrolls rose by 140,000 which came short of the expectations for 180,000. However unemployment rate fell to 7.2% from estimated […] Read more

Ebay acquires British courier firm, adding social features

Ebay Inc. is acquiring a same-day courier service based in London and revamping its own website as it seeks to compete against Amazon and Walmart and give itself a social media profile right before holiday season starts. The amount of the deal is still undisclosed. The e-commerce group is buying Shutl, a four-year-old start-up with […] Read more

Apple releases iPad Air, iPad Mini amid suppliers’ pricing concerns

Apple is not stepping down from its core strategy and consolidates the iPad’s position at the high end of the tablet market in the face of competition from lower-cost rivals and new entrants such as Nokia, by putting a greater emphasis on software and distribution channels. Tim Cook, CEO of Apple, unveiled a new iPad […] Read more

US stocks rise to fresh record levels after mixed jobs data

US stocks advanced to new heights as slower growth in hiring will reflect on Federal Reserve stimulus reduction and took the annual advance in the Standard & Poor’s 500 Index within a percentage point of the best yearly gain in a decade. The S&P 500 added 0.6% to 1,754.67 at 4 p.m. in New York […] Read more

US stock index futures fluctuate close to zero before jobs data

U.S. stock-index futures remain almost unchanged similar to yesterday levels as investors awaited employment data to define the possible timing of a cut in Federal Reserve bond purchases. S&P 500 futures expiring in December slipped less than 0.1% to 1,737.4 at 7:47 a.m. in New York after the gauge closed at a record yesterday. The […] Read more

Nokia issues new line of Lumias before holiday season

Nokia Oyj, presented its first products since sell-off of its handset business to Microsoft Corp., showed a tablet and smartphones in an attempt to revive demand. The products are an expansion to the line of Windows-based devices and signal the type of features that Microsoft will bet on in its hardware push after its first […] Read more