Stock News

Twitter’s purchase of MoPub is its largest acquisition

Twitter has made its largest acquisition to date with the purchase of MoPub, a mobile advertising company, boosting expertise in its ad sales platform as it prepares to go public in coming months. The deal will help automate ad buying on Twitter and broaden its partnership with traditional media companies. The acquisition is part of […] Read more

US stocks gained amid Asian economic data

U.S. stocks advanced, giving the Dow Jones Industrial Average its biggest gain since July 11, as exports from China topped forecasts and corporate acquisitions fueled optimism. Retail sales and industrial production data are also supporting the upbeat in worlds second largest economy. The S&P 500 gained 1% to 1,671.71 at 4 p.m. in New York, […] Read more

Honda presents Accord Hybrid model as 2014’s top fuel-efficient sedan

Honda Motor Co., the first car-maker to sell hybrids in the US, said its gasoline-electric hybrid named Accord will be the most fuel-efficient US sedan when it goes on sale, topping competition of Toyota Motor Corp. and Ford Motor Co. models. “Even before it hits showrooms this fall, the Accord Hybrid is already surpassing the […] Read more

US stock-index futures rose amid China exports

US stock-index futures climbed, hinting the Standard & Poor’s 500 index will rise for a fifth straight day, as exports from China, the world’s second-largest economy, exceeded forecasts. Futures on the benchmark Standard & Poors 500 expiring this month gained 0.2% to 1,657.1 at 6:21 a.m. in New York as President Barack Obama continues to […] Read more

McLaren steps on China’s market

The sport and luxury car-producer McLaren Automotives wants to gain from the worlds second largest economy, as it targets the Chinese upper social class. The British car manufacturer opens its showroom doors in China on Monday as it races to catch up with global rivals in Asian car market. Chinas expanding economy is delivering some […] Read more

PetroChina shares trading suspended

Trading shares of Chinas dominant oil producer PetroChina Co Ltd was suspended today, the second halt in two weeks, after the investigation of executives on August 27. However, the company said in a newspaper report that more of its executives were being investigated was inaccurate. A PetroChina spokesman assured the company would issue a official […] Read more

US stocks advanced after disappointing jobs data

The Standard & Poor’s 500 Index erased almost all its gains as an escalation in tension over Syria overshadowed slower-than-forecast jobs growth that eased concern about reductions in Federal Reserve stimulus. The S&P 500 rose less than 1 point to 1,655.17 at 4 p.m. in New York. The benchmark hesitated 1.5% points during the session, […] Read more

US stock index futures remain unchanged amid Syria decision

US stock index futures were little changed, after a two-day gain for the Standard & Poor’s 500 Index, as investors awaited a report on private payrolls and concern mounted that the U.S. will strike Syria. Investors were expected to keep a close attention on data releases from the US, looking for clues as to whether […] Read more

Sony’s TV segment between shut down and salvation

Sony CEO Kazuo Hirai stays committed to the firms flagship TV business despite recent calls for it to be streamlined, he told CNBC at the IFA electronics show in Berlin Wednesday. His comments follow pressure in recent months from activist investor Daniel Loeb for Sony to sell up to a fifth of the firms entertainment […] Read more

Facebook could be involved in another privacy lawsuit

Facebook is facing the risk of taking part in another battle with privacy advocates over its latest policy revisions, with users under the age of 18 one of the main sources of discord. The top six US privacy organisations sent a joint letter to US regulators and politicians late on Wednesday arguing that recent proposed […] Read more