Stock News

Goldman Sachs beats forecasts due to cutting costs

Goldman Sachs Group Inc., the world’s most profitable securities firm before the financial crisis, reported earnings that beat analysts’ expectations despite falling revenue. Third-quarter net income rose to $1.52 billion, or $2.88 a share, from $1.51 billion, or $2.85, a year earlier, the financial institution said today. Chief Executive Officer Lloyd C. Blankfeins strategy of […] Read more

US stock index futures slightly lower despite debt ceiling agreement

U.S. stock-index futures retreated after the Standard & Poor’s 500 Index closed near a record levels after Congress agreed to lift the debt limit, while companies keep posting third quarter earnings. S&P 500 futures expiring in December slid 0.1% to 1,711.0 at 7:44 a.m. in New York despite vote of Congress to halt the 16-day […] Read more

iPad to collide with fierce competition as tablet market shifts

As of right now Apple is the dominant company producing tablets with market share around 32% by unit shipments in the second quarter, according to market trackers IDC. However, that represents a massive jolt comparing it to the 60% company had a year earlier. The previous version of iPad mini now makes up around two-thirds […] Read more

US stocks surged as lawmakers agreed to end the government shutdown and raise the debt ceiling

U.S. stocks soared, as the Standard & Poor’s 500 Index jumped close to a record, amid lawmakers deal to end the government shutdown and raise the debt ceiling before deadline. The S&P 500 gained 1.4% to 1,721.54 till 4 p.m. in New York. The Dow Jones Industrial Average gained 205.82 points, or 1.4%, to 15,373.83. […] Read more

Danone’s yogurt rethinks US as an emerging market

As many companies in the business, when things are moving slowly at home, looking for new markets is a priority. French food group Danone has focused on emerging markets in recent years to offset the environment back home. The company said it lowered full-year forecast on Wednesday amid the recall of baby milk products in […] Read more

US stock-index futures advance before debt talk

U.S. stock-index futures soared, arguing that the Standard & Poor’s 500 Index will move up after declining significantly yesterday, as lawmakers planned to resume talks and even vote on raising the debt limit before tomorrow’s deadline. S&P 500 futures expiring in December added 0.4%t o 1,699.0 at 12:37 a.m. in London. The benchmark index lost […] Read more

Nissan’s Infinity luxury brand attacks well occupied high-end markets

Infiniti, is a high-end brand subsidiary of Nissan. It was founded in 1989 but revamped as a global brand last year, focused on innovation and younger drivers, as well as a conscious effort to distance itself from its Japanese parent company. It aims to overtake the likes of Toyota’s Lexus, Honda’s Acura and Hyundai’s Genesis […] Read more

Yahoo keeps larger than expected Alibaba stake

Investors welcomed Yahoo Incs plans to keep a larger than expected stake in Chinese e-commerce company Alibaba Group Holding Ltd, ignoring the slowing growth of its core online advertising business. The California-based internet company, said it believed in the “long-term potential and value of Alibaba”. Yahoo rose around 1% to $33.70 in after-hours trading as […] Read more

US stocks retreated as debt agreement still not reached

U.S. stocks declined, snapping a four-day rally in the Standard & Poor’s 500 Index, as lawmakers didnt reach to an agreement to extend the government’s borrowing limit less than two days before the deadline. The S&P 500 fell 0.7% to 1,698.06 at 4 p.m. in New York. The Dow Jones Industrial Average declined 133.25 points, […] Read more

Apple appoints Burberry CEO as head of retail

Apple hired Burberry Chief Executive Angela Anhrendts as a senior vice president of retail and online stores. The seasoned-industry executive credited with turning around the Burberry brand, should fill a big gap in the Cupertino, California-based tech giants retail operations. The luxury goods group’s chief creative officer, Christopher Bailey will be promoted as new CEO […] Read more