November 14, 2013 2:33 pm
Wal-Mart Stores Inc., the world’s largest retailer, cut its annual profit forecast for the second time this year as the slow economic recovery and increased competition from dollar stores reflect on sales. Wal-Mart reported a 2.8% rise in its fiscal third-quarter earnings and narrowed its full-year earnings outlook. The worlds largest retailer, said net income […]
Read moreNovember 14, 2013 1:21 pm
The consolidation of global technological companies in the last few years reflects trends such as companies tend to cut supply chain as for an example to produce their own software. Apple has always made its own operating system for the iPhone. Google Inc. acquired Motorola Mobility in 2011 and Microsoft Corp. announced in September its […]
Read moreNovember 14, 2013 12:01 pm
US stock-index futures gained, signaling the Standard & Poor’s 500 Index will extend its all-time high, as Janet Yellens comments let investors speculate that she plans to continue the Federal Reserve’s monetary stimulus. Futures on the S&P 500 expiring in December added 0.2% to 1,781.7 at 11:39 a.m. in London. The S&P 500 and the […]
Read moreNovember 14, 2013 9:51 am
European Aeronautic Defence and Space Company (EADS) reported a strong increase in profit for the third quarter of 2013 compared to same quarter last year, as it declared that development of the European aerospace group’s new A350 passenger jet was progressing as planned. However, EADS third quarter earnings narrowly missed expectations but the company raised […]
Read moreNovember 14, 2013 8:40 am
Many large businesses and government agencies are buyers of Cisco networking equipment, and the companys global reach makes it a closely watched indicator for the worlds economy. Cisco Systems warned its revenues could retreat more than 10% in the current quarter, evoking concerns that the US networking equipment company is stepping backwards amid big technology […]
Read moreNovember 14, 2013 7:39 am
U.S. stocks advanced, sending benchmark indexes back to records, as investors speculated the Federal Reserve’s Janet Yellen will continue the central bank’s stimulus policy as chairman. The S&P 500 gained 0.8% to 1,782 at 4 p.m. in New York, surpassing a previous high set on October 29. The Dow Jones Industrial Average added 70.96 points, […]
Read moreNovember 13, 2013 12:39 pm
Apple Inc. is locking some record amount of investment to work in new technology including assembly robots and milling machines in order to improve its production process. To be one step ahead of rivals like Samsung Electronics Co. and lay the groundwork for new products, Apple is spending more on the machines that do the […]
Read moreNovember 13, 2013 12:08 pm
US stock-index futures fall for a second day, signaling the Standard & Poors 500 would drop from record levels as investors evaluate the strength of the economy to assess the future of Federal Reserve stimulus. Futures on the Standard & Poor’s 500 Index expiring in December dropped 0.2% to 1,762.3 at 11:45 a.m. in London. […]
Read moreNovember 13, 2013 9:13 am
Few days before the launch of the two best-selling game consoles, it appears Microsoft and Sony are running from a very close starting position. Sonys latest model in the next-generation battle of gaming consoles, the PlayStation 4, is scheduled to flood North American markets later this week. Microsofts Xbox One is expected to be released […]
Read moreNovember 13, 2013 8:20 am
Starbucks must pay Kraft Foods $2.76 billion after it ended the companies deal at least three years earlier, the coffee chain said on Tuesday. Starbucks prematurely ended the contract in March 2011 and switched the business to privately held Acosta Inc. An arbitrator ruled that Starbucks had to pay $2.23 billion in damages plus $527 […]
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