Stock News

Herbalife related to a Canadian pyramid scheme

Herbalife, the nutrition selling company under attack from shortseller Bill Ackman, allowed an affiliated business to continue operating in its network for almost a decade after Canadian authorities had labelled the operation a pyramid scheme, a Financial Times investigation indicates. Mr Ackman, founder of hedge fund Pershing Square, stated earlier that Herbalife itself is a […] Read more

Walmart adjusts forecasts amid fall of shares

Wal-Mart Stores Inc., confirming worries taking place throughout the retail sector, reported an unexpected second-quarter decline in its U.S. chain’s comparable store sales and cut both its profit and sales outlook for the year. The company’s shares dropped 2.6% on Thursday to be the second-biggest decliner in the Dow. The S&P Retail Index also dropped […] Read more

Facebook to convince advertisers with mobile payment feature

Facebook is testing a new mobile payment feature as it explores ways to boost revenues from advertisers by showing that ads on the social network lead directly to purchases. The feature will draw on credit card information already stored with Facebook to automatically fill in a payment information form when a person wants to buy […] Read more

US stocks retreated the most since June amid US data, company reports

U.S. stocks sank the most since June as reports from Cisco Systems Inc. and Wal-Mart Stores Inc. disappointed while improving economic data fueled concern the Federal Reserve will reduce stimulus. The Standard & Poor’s 500 Index lost 1.4%, the most since June 20, to 1,661.32 at 4 p.m. in New York. The Dow Jones Industrial […] Read more

US stock index futures retreat amid Fed’s statements

U.S. stock-index futures slumped as investors speculated on the Federal Reserve’s future monetary policy amid signs the global economy is strengthening. Feds presidents statements are in focus of investors attention as they might shed some light of when the central bank would taper its bond purchasing program. Futures on the Standard & Poor’s 500 Index […] Read more

Icahn invests on large position in Apple

Investor Carl Icahn has grabbed a stake valued at over $1 billion in Apple Inc., pressing on the matter that more cash should be falling from the tech giants branches. While Apple earlier this year announced a large buyback, Mr. Icahn said in an interview Tuesday that he wants to see it happen right away, […] Read more

Labor unions press on Hyundai and Kia, voted for strike

Unions at Hyundai Motor and affiliate Kia Motors have voted in favor of strike action, raising the possibility of continued disruption a year after the South Korean labor walkout which was extremely costly for the car-maker. The workers at the companies’ South Korean factories are among the best paid in the global automotive industry, thanks […] Read more

US stocks advanced after retail sales data

U.S. stocks gained, with the Standard & Poor’s 500 Index trimming previous days losses, as data on retail sales reinforced signals the economy is expanding moderately. The S&P 500 rose 0.3% to 1,694.16 at 4 p.m. in New York. The Dow Jones Industrial Average added 31.33 points, or 0.2%, to 15,451.01. “The general tenor of […] Read more

US companies save on taxes as relocating in Europe

A growing number of US companies succeed in saving hundreds of millions of dollars in tax by relocating to Europe after completing takeovers on the continent. Some of the significantly big mergers and acquisitions so far in 2013 have involved so-called “tax inversions” – where a US acquirer shifts overseas, to Europe in particular, to […] Read more

US stock-index futures point to a rebound

U.S. stock-index futures gained, indicating the Standard & Poor’s 500 Index will rebound from two days of losses, as investors awaited a report that may show retail sales in the world’s largest economy rose in July. The report is due to be released at 1:30 pm London time along with the US import price index. […] Read more