November 22, 2013 9:19 am
Although there are growing concerns about the economic policy of the Japanese Prime Minister, Shinzo Abe, Goldman Sachs raised its one-year outlook for Japanese shares, boosting their price target for a sixth time in the current 2013 year. In a yesterdays report by a group of strategists led by Kathy Matsui, cited by Bloomberg, “Goldman […]
Read moreNovember 22, 2013 8:00 am
Europe’s biggest drugmaker by sales, is planning to repurchase $5 billion over the next two years and to expand its business to new areas. The company made a statement earlier today that the buy-back program is set to start immediately. The statement was made just before the start of the companys annual investor day. Now, […]
Read moreNovember 21, 2013 8:29 pm
US treasury stated that it plans to sell its remaining shares of General Motors by the end of this year. The withdrawal may relieve taxpayers of about $10 billion. Treasury has reported today that it sold $70 million worth of GM shares which added to the rest sums to $38.4 billion from the total of […]
Read moreNovember 21, 2013 1:12 pm
Tesla Motors Inc. has been in the center of news recently as the auto maker had to deal with engine fires investigated by US auto regulators . Meanwhile, other luxury manufacturers like Porsche have begun to attack the alternative energy car market on their own. However, as of right now, no one runs on an […]
Read moreNovember 21, 2013 11:54 am
U.S. stock-index futures rose, predicting the Standard & Poor’s 500 will halt three consecutive days of losses, as investors focus their attention on initial jobless claims report in the world’s largest economy. Futures on the S&P 500 expiring in December gained 0.2% to 1,783.3 at 11:53 a.m. in London. The benchmark index dipped yesterday after […]
Read moreNovember 21, 2013 10:30 am
Chinese auto industry demand, contrary to global financial crisis in the global markets, kept expanding, accounting for one-third of the industry’s total growth over the period of five years between 2008 and 2013. Last year, annual sales of passenger cars and minivans remained, 9% and 14% below their pre-crisis peaks in the US and Western […]
Read moreNovember 21, 2013 9:38 am
Retailers that have experienced a prolonged slump in video gaming sales due to the extended absence of new devices, are hoping that Sony’s PlayStation 4 and Microsoft’s Xbox One will bring more sales to what would most likely be the slowest Christmas shopping season in years. Seven years ago Sony showed its PS3 console which […]
Read moreNovember 21, 2013 7:48 am
U.S. stocks dropped, sending the Standard & Poor’s 500 Index to a third day of losses, after analysis of minutes from the Federal Reserve signaled the central bank may reduce bond purchases in the coming months. On top of those news, investors are expecting positive economic data to be released this week which would only […]
Read moreNovember 20, 2013 2:46 pm
Sony appears to be on a more profitable path with its latest gaming console, according to IHS. It is not widely known that PlayStation 3 console which Sony was selling so successfully for several years was sold on a loss for the company. Component costs for most of the different versions of the PS3 console […]
Read moreNovember 20, 2013 1:21 pm
Carlos Ghosn, the CEO of Nissan and Renault confirmed today that both companies would push back by two to three years an initial target to sell a combined 1.5 million electric vehicles by March 2017. While Nissan has moved back its EV target, it also said it would lift U.S. production of its all-electric Leaf, […]
Read more