Stock News

BlackBerry founders consider a joint takeover bid

BlackBerry Ltd. co- founders Mike Lazaridis and his old friend and Douglas Fregin filed paperwork with financial regulators which may lead the way for a takeover bid for the struggling smartphone maker. The two co-founders are considering a joint bid “with the goal of stabilizing and ultimately reinventing the company based on a plan developed […] Read more

US stocks reached 9-month high levels amid debt-ceiling raise talks

U.S. stocks surged, as benchmark indexes jumped the most since January, as lawmakers moved toward an agreement to increase the debt ceiling and avoid a default. The Standard & Poor’s 500 Index added 2.2% to 1,692.56 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 323.09 points, or 2.2%, to 15,126.07. Both […] Read more

US stock-index futures suggest market gains amid budget ceiling optimism

U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will rise for a second day, amid signs the nation’s lawmakers may agree on a compromise deal to avoid a debt default. S&P 500 futures expiring in December rallied 0.9% to 1,662.9 at 7:01 a.m. in New York. The benchmark gauge for U.S. equities […] Read more

Alcatel-Lucent pressed by French government, unions to diminish job cuts

Earlier this month struggling telecom-gear supplier Alcatel-Lucent said it will lay off 15% of its global workforce. After the statement company made a reaction from French government officials and labor unions were expected to oppose the cost saving policy. Investors also were confused on the move and French officials said they would try to limit […] Read more

Hewlett-Packard boosts sales forecast, shares rise

Hewlett-Packard expects to end falling sales and to stabilize next year. The company is expected to return more money to shareholders, as it reaches the halfway point of its five-year turnaround plan. HP expects to generate free cash flow of $6 billion to $6.5 billion next year. Cathie Lesjak, chief financial officer, said that around […] Read more

US stocks rose amid Yellen pick, debt ceiling talk

U.S. stocks advanced, recovering from the Standard & Poors 500 biggest two-day slump since June, amid optimism that Janet Yellen won’t hurry to withdraw stimulus and signs that lawmakers step forward to raise the debt ceiling. The Standard & Poor’s 500 Index climbed 0.1% to 1,656.40 at 4 p.m. EDT. The Dow Jones Industrial Average […] Read more

Walmart brakes joint venture with Bharti Enterprises in India market

Walmart, the world’s largest retailer by sales, is parting from its troubled Indian joint venture with Bharti Enterprises in the aftermath of a series of regulatory investigations and concerns over international investment rules for the country’s retail sector. WalMart, the worlds largest retailer, will take over its Indian partners 50% stake in Bharti Wal-Mart Pvt […] Read more

US stock-index futures surged amid Yellen nomination

U.S. stock-index futures advanced, suggesting the Standard & Poor’s 500 Index will rebound from the biggest two-day decline since June, as Janet Yellen was picked to lead the Federal Reserve and earning season started with Alcoa reporting better-than-estimated profit. S&P 500 futures expiring in December climbed 0.4% to 1,656.5 at 11:39 a.m. in London. The […] Read more

Microsoft partnership with Nokia struggles to attract apps

Microsoft’s $7.2 billion worth team up with Nokia Oyj handset business is failing to win over the software developers who are extremely important to its success. Interviews among more than a dozen developers show that the odds remain stacked against Microsoft. Developers pointed out that while Nokia’s handset business gives Microsoft a ready pipeline of […] Read more