December 28, 2013 1:45 pm
US stocks declined, driving the Standard & Poor’s 500 Index to a smaller weekly gain, after benchmark indexes rallied to all-time highs yesterday amid optimism over the economic recovery. Despite the drop US stocks rose for a second straight week, as data from durable goods to housing and employment fueled optimism that the world’s largest […]
Read moreDecember 27, 2013 11:37 am
US stocks advanced yesterday, extending gains to a sixth consecutive day as Dow Jones pushed to record highs amid positive labor market data. The S&P 500 index rose 8.70 points, or 0.5%, to 1842.02, and the Nasdaq Composite Index added 11.76 points, or 0.3%, to 4167.18. The Dow Jones Industrial Average climbed 122.33 points, or […]
Read moreDecember 26, 2013 10:45 am
Both companies, Volkswagen AG and General Motors are surpassing their targets to deliver more than 3 million automobiles in China this year. The German automaker is pointed to sell more vehicles in China than General Motors Co. for the first time in nine years, regaining its place as the biggest foreign carmaker in the world’s […]
Read moreDecember 25, 2013 5:05 pm
US stocks rose, continuing records for benchmark indexes, as economic data releases showed orders for durable goods and sales of new homes topped forecasts. The Standard & Poor’s 500 Index added 0.3% to 1,833.32. The Dow Jones Industrial Average advanced 62.94 points, or 0.4%, to 16,357.55. U.S. equities markets closed at 1 p.m. yesterday before […]
Read moreDecember 24, 2013 10:42 am
U.S. stocks gained, pushing benchmark indexes further to all-time highs, as Apple Inc. rallied and the International Monetary Fund indicated it would raise its outlook for the economy. The Standard & Poor’s 500 Index added 0.5% to 1,827.99 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 73.47 points, or 0.5%, to […]
Read moreDecember 23, 2013 1:46 pm
U.S. stock-index futures gained, after the Dow Jones Industrial Average recorded its biggest weekly jump in three months, signaling the U.S. indexes could continue their climb amid Consumer-Sentiment Report. Futures for the Dow Jones Industrial Average put on 45 points, or 0.3%, to 16,226, while those for the S&P 500 index picked up 7.30 points, […]
Read moreDecember 22, 2013 2:35 pm
Fiat Chief Executive Officer Sergio Marchionne seems to have not given up on negotiations with a United Auto Workers medical trust to buy the remaining shares of Chrysler Group LLC. As the initial public offering of Chrysler is put on hold, Fiat executives met this week with representatives of the retiree health-care trust, two people […]
Read moreDecember 21, 2013 1:28 pm
Facebook Inc. officially announced that the company and its stakeholders are going to sell shares estimated to 3.85 billion dollars in its first stock offering since the company went public last year. In a statement, made yesterday, the company said that 70 million shares were priced at 55.05 dollars each. Facebook will offer about 27 […]
Read moreDecember 21, 2013 12:35 pm
As the Wall Street Journal reported yesterday, BlackBerry Ltd. recorded its worst-ever quarterly loss estimated to 4.4 billion dollars. The company explained the loss with the fact the sales of its new line of smartphones are lower than initially expected. After the Chief Executive Officer announced a new manufacturing deal and explained that the company […]
Read moreDecember 21, 2013 8:51 am
Oracle Corp. provides enterprise software and computer hardware products and services and is known as the largest database maker worldwide. Yesterday, the company agreed to buy Responsys Inc. The deal is estimated to 1.5 billion dollars and is considered to up the ante of the technology company acquisitions that are yet to come. Bloomberg reported […]
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