October 22, 2013 11:26 am
Nokia Oyj, presented its first products since sell-off of its handset business to Microsoft Corp., showed a tablet and smartphones in an attempt to revive demand. The products are an expansion to the line of Windows-based devices and signal the type of features that Microsoft will bet on in its hardware push after its first […]
Read moreOctober 22, 2013 9:08 am
PSA Peugeot Citroen has turned its focus on a plan for a capital increase of at least 3 billion euros ($4.1 billion), in which Dongfeng and France may take equal stakes of about 20%. Talks are making slow progress, said the people, who asked not to be identified. The goal is for a deal by […]
Read moreOctober 22, 2013 7:40 am
Netflix shares surged about 10% in after-market trading yesterday as streaming service reported it attracted more than 40 million global subscribers and tripled profits in the third quarter, beating analysts’ estimates. The company behind the development of TV series such as “House of Cards” and “Orange Is the New Black” has recovered strongly from its […]
Read moreOctober 22, 2013 6:43 am
U.S. stocks were little changed, after the record raise of Standard & Poor’s 500 Index, as investors focus their attention on corporate earnings and the damages of the government lock down to economic conditions in the country. Important data is due today as the Labor department is releasing unemployment rate and non-farm payrolls. The S&P […]
Read moreOctober 21, 2013 11:58 am
U.S. stock-index futures remain almost unchanged, after the Standard & Poor’s 500 Index rallied to new records, as investors focused their attention on the release of corporate earnings and tomorrow’s jobless data to evaluate the economy state. S&P 500 futures expiring in December rose less than 0.1% to 1,737.2 at 7:37 a.m. in New York. […]
Read moreOctober 21, 2013 11:31 am
In a report by the official China Central Television Starbucks Corp has been accused of charging customers in China higher prices than other markets, leading to the company high profit margins. The report by CCTV pointed out on Sunday that a medium-size latte at the U.S. coffee seller in Beijing costs 27 yuan ($4.43), or […]
Read moreOctober 21, 2013 8:37 am
European stocks advanced, extending a five-year high for the Stoxx Europe 600 Index, amid investors speculation that the Federal Reserve will delay stimulus reductions until March. U.S. futures and Asian shares also rose. The Stoxx 600 advanced 0.1% to 318.67 at 8:07 a.m. in London, as three shares gained for every two that fell. The […]
Read moreOctober 21, 2013 7:21 am
Apple Inc. is adding a new model to its iPad series to battle a growing list of competitors, which manage to present their own tablets at lower prices with similar features. Chief Executive Officer Tim Cook will debut a high-definition iPad mini and a thinner iPad at a San Francisco event tomorrow, people with knowledge […]
Read moreOctober 20, 2013 10:08 am
Boeing Co. is notching down production of its 747-8 jumbo jet, the planemaker’s largest model, for the second time this year as demand continues to sink for four-engine aircraft. More airlines choose to fly slightly smaller twin-engine planes in order to tighter cost management because they are easier to fill with passengers and burn less fuel […]
Read moreOctober 19, 2013 12:01 pm
U.S. stocks increased this the week, pushing the Standard & Poor’s 500 Index to a new record, as Congress reached a deal to end the budget lockdown and amid speculation over governemnt maintaining stimulus program. The Standard & Poor’s 500 Index added 2.4% to 1,744.50 this week, for the biggest weekly gain since July. The […]
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