Stock News

Microsoft shareholders press on Gates to step down as chairman

Three of the top 20 investors in Microsoft Corp are persuading the board to press for Bill Gates to step down as chairman of the software company in order to facilitate a change in strategy, according to people familiar with matter. There is no indication that Microsofts board would grantthe wishes of the three investors, […] Read more

US stock-index futures retreat amid partial government shutdown

U.S. stock-index futures fell, after the Standard & Poor’s 500 Index jumped the most in almost two weeks, as the government shutdown entered a second day with no talks expected today between the White House and Congress. Standard & Poors 500 futures expiring in December lost 0.5% to 1,680.8 at 8:00 a.m. in New York. […] Read more

Apple faces supply chain delay for iPad Mini

Apple will face difficulties delivering the new version of the iPad Mini with a high-resolution “retina” display this month employees working for the supply chain said. Apples supply chain is starting now gearing up to make retina displays for the iPad Mini, which means the gadgets could be available in only limited quantities this year, […] Read more

Tesco profits sank amid competition, European crisis

UKs largest supermarket chain Tesco Plc. reported that profit before tax for 26 weeks ended 24 August 2013 declined 23.5% to 1.387 billion pounds from last years 1.814 billion pounds, due to the impact of significantly reduced profits from property-related items. Tescos rival Sainsburys reported a 2% rise in like-for-like sales during the second quarter […] Read more

Facebook to build on mobile ads with added options

Facebook is expanding its offering of mobile app advertisements as the social network looks to ride the wave in mobile advertising. Facebooks so-called mobile app ads, allowing companies to promote their mobile apps to Facebooks 1.15 billion users, will include new capabilities designed to boost the amount of time that consumers use the third-party apps. […] Read more

US stocks advanced amid speculation of budget shutdown effects

U.S. stocks rose, responding to Standard & Poor’s 500 Index falling to a three-week low yesterday, as investors speculated that the economic effects of the first partial government shutdown in 17 years would be limited. Stocks advanced ignoring lawmakers failure to reach an agreement to keep the government fully funded for the next fiscal year. […] Read more

US stock-index futures rise amid US budget shutdown

U.S. stock-index futures rose, signaling the Standard & Poor’s 500 Index will rebound from a three-week low, as investors weighed the impact of the first partial government shutdown in 17 years. S&P 500 futures expiring in December increased 0.5% to 1682.5 at 9:56 a.m. in London. Lawmakers in Washington failed to agree on a federal […] Read more

Windows phone grabs market share in Europe

Windows Phone managed to record its highest share of smartphone sales in leading European markets, hinting that Microsoft’s operating system is finally gaining recognition just as Nokia prepares to offload its handheld device business. The operating system has struggled to make an impact over the past two years despite heavy marketing by Microsoft and Nokia, […] Read more

US stocks fell as US government closes

Globally, stocks fell the most in a month, trimming the biggest quarterly advance since the start of 2012, amid U.S. government shutdown. Standard and Poors 500 index retreated to levels of early September. The MSCI All Country World Index lost 0.8% as of 4 p.m. in New York as the Standard & Poor’s 500 Index […] Read more

U.S. stocks sank as government shutdown is near

U.S. stocks slid, paring a quarterly gain for the Standard & Poor’s 500 Index, as a stalemate in the federal budget discussions increased the likelihood of a government shutdown. The S&P 500 fell 0.8% to 1,677.72 at 9:55 a.m. in New York. The benchmark gauge has added 2.7% this month, extending its quarterly gain to […] Read more