Stock News

Zuckerberg trying to win Samsung on his side

Mark Zuckerberg, the founder and CEO of the worlds largest social network Facebook, traveled to South Korea to meet the co-CEO Shin Jong-kyun to discuss a potential partnership between the two companies. Jong-kyun “JK” Shin, is running Samsung Electronic’s all-important handset division. According to Bloomberg, Shin said to reporters that the two had talked about […] Read more

Huawei aiming high: looking for Nokia acquisition

Huawei Technologies Co, the Chinese smartphone producer declared petite for buying Nokia as company aims to become world smartphone leader according to the head of its consumer business cited by Financial Times. The company recorded a quick progress in the industry despite there werent any major acquisitions made by the phone manufacturer. However, Huawei became […] Read more

US stocks rose for a second day

US stocks rose for a second day in a row after last weeks decline. Investors are waiting for Bernankes statement on current economy condition which is to take place later today. The Feds Chairman declared last month that government is going to taper the stimulus package only when a stable growth indicators of US economy […] Read more

US stocks surge as investors wait for Bernanke to set direction

US stocks map was all green yesterday with the S&P 500 offset last week decline. Investors still wait for more clarity on the subject of reducing bond purchasing program. It is expected from Fed’s Chairman, Ben Bernanke, to make a statement concerning the stimulus case. The S&P 500 gained 0.8% after being up 1.2% in […] Read more

US stock futures advance on Fed’s policy meeting

Investors are being careful today as they expect Feds Chairman Ben Bernanke to give more information about an eventual stimulus cutback. The main indexes around the world raised. US stock futures followed, indicating a possible jump in main US benchmarks today. Futures on S&P 500 expiring September increased almost 1% in the morning, 11:00 am […] Read more

Lowe’s overtakes Orchard Supply due to bankruptcy

Lowes Companies is expected to buy the majority of assets of Orchard Supply Hardware Stores Corp. for $205 million after the latter filed for Chapter 11 bankruptcy protection according to court documents. The company was part of Sears Holdings Corp. before the spun off. The company reported that it may not be able to make […] Read more

PC-makers turn to low-cost tablet market

Even though low-cost tablet market doesnt allow companies to make big profit margins, PC makers are seeing potential in number of sales. A price around $120-$140 looks unrealistic to the quality of a major tech brand but becoming a target for companies like Asus, Acer, HP and Lenovo. Some of them already launched their “under […] Read more

Samsung S4 forecast too good to be true

Analysts shared their opinions on Samsung Electronics admitting that earlier forecasts for the S4 model were too optimistic and dont represent sales. Some of them were misled by the huge marketing share the smartphone maker has, impressing marketing strategy and recent problems of main competitors in the industry. Woori Investment & Securities, one of South Koreas […] Read more

US stocks recorded a weekly drop

US stocks fell on Friday pilling on a weekly decline of most benchmark indexes as investors continued speculation about the Feds bond buying program being reduced after its next meeting. Financial sector recorded the biggest loss out of 10 other, letting S&P 500 to decline with 2.1%. The index recorded 1% loss for the week […] Read more

Samsung presents a camera-phone hybrid innovation

Samsung Electronics have introduced the Galaxy S4 zoom, a smartphone with 16 megapixel camera allowing 10x optical zoom feature. With the product company is betting on convergence of smartphones and cameras into one device. The Galaxy S4 zoom includes top range smartphone and a high quality camera which optical zoom extends out of the phone. […] Read more