Stock News

Peugeot to delay shutting down plants till 2016 amid union talks

Peugeot Citroën offered to boost French factory production and put off any plant closures until at least 2016, as labor cuts negotiations aimed at diminishing costs in the auto makers home market. Struggling from declining automobile sales and market share in Europe, the unprofitable company said on Wednesday it is prepared to increase its French […] Read more

US stocks retreated before GDP, jobless claims data

U.S. stocks fell, giving the Standard & Poor’s 500 Index its longest slump this year, as Wal-Mart Stores Inc. retreated before GDP and jobless claims data is issued today. The S&P 500 fell 0.3% to 1,692.77 at 4 p.m. in New York, its fifth straight losing session. The Dow Jones Industrial Average, which includes Wal-Mart, […] Read more

Samsung adds more size to its phablets

Samsung Electronics decided to improve Phablets, a cross between a phone and a tablet, have been on a roll since late 2011 as tech interested consumers, particularly in Asia, devote more time browsing data-heavy Web pages and downloading media content. Even Samsungs flagship Galaxy S4 smartphone, released in April this year, has a 5-inch screen […] Read more

US stock index futures little changed before home sales, durable goods data

U.S. stock-index futures were almost unchanged, after the Standard & Poor’s 500 Index dropped for four days, amid concern lawmakers will fail to reach a budget deal. A Commerce Department report at 8:30 a.m. Washington time may show that durable goods, excluding the volatile transportation category, rose 1% in August after falling 0.8% the previous […] Read more

Elon Musk – 10 ways to change the world with technology

Elon Musk is an engineer and entrepreneur who builds and operates companies to solve environmental, social and economic challenges. He co-founded PayPal and currently drives strategy, development and design at two companies he created, Space Exploration Technologies (SpaceX) and Tesla Motors, and oversees a third company, SolarCity, which he co-founded. The CEO is even believed […] Read more

Applied Materials acquires Japanese competitor

Applied Materials agreed on Tuesday to merge with Tokyo Electron , a deal that’ll create a giant producer of semiconductor and flat-panel manufacturing equipment. The market for tools to manufacture chips is subject to the boom and bust of the technology sector. Demand for products is slowing as PC sales slide and most companies are […] Read more

US stocks declined after Fed talk and budget discussions

U.S. stocks ended mostly lower, with blue chips suffering a fourth-straight loss, as a late slide in the financial sector and uncertainties over budget discussions weighed on sentiment. The Standard & Poor’s 500 Index fell 0.3% to 1,697.42 at 4 p.m. in New York. The Dow Jones Industrial Average lost 66.79 points, or 0.4%, to […] Read more

BlackBerry going private, agreed to $4.7 billion sale

BlackBerry has agreed to be bought by a consortium of Canadian investment companies for $4.7 billion in cash and taken private, in a last resort move to ensure the survival of one of the pioneers of the global smartphone industry. Once called CrackBerry the smartphone manufacturer was widely and compulsively used by the world’s business […] Read more

Chrysler’s IPO filing could hurt Fiat ambitions

Chrysler Group was forced to file paperwork for an IPO by its second-biggest shareholder on Monday, escalating a discussion with main owner Fiat which said it could scale back its commitment to the U.S. automaker. Fiat, which owns 58.5% of Chrysler, wants to take full control and buy out the rest of the stock owned […] Read more

US stocks retreat amid Fed speeches

U.S. stocks fell, with the Standard & Poor’s 500 Index having the longest retreat in a month, as financial shares sank and investors watched speeches from Federal Reserve officials for clues on monetary policies. The S&P 500 retreated 0.5% to 1,701.84 at 4 p.m. in New York. The benchmark gauge has lost 1.4% over three […] Read more