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Facebook to build on mobile ads with added options

October 2, 2013 7:30 am
Facebook is expanding its offering of mobile app advertisements as the social network looks to ride the wave in mobile advertising. Facebooks so-called mobile app ads, allowing companies to promote their mobile apps to Facebooks 1.15 billion users, will include new capabilities designed to boost the amount of time that consumers use the third-party apps. […] Read more

US stocks advanced amid speculation of budget shutdown effects

October 2, 2013 6:22 am
U.S. stocks rose, responding to Standard & Poor’s 500 Index falling to a three-week low yesterday, as investors speculated that the economic effects of the first partial government shutdown in 17 years would be limited. Stocks advanced ignoring lawmakers failure to reach an agreement to keep the government fully funded for the next fiscal year. […] Read more

US stock-index futures rise amid US budget shutdown

October 1, 2013 11:47 am
U.S. stock-index futures rose, signaling the Standard & Poor’s 500 Index will rebound from a three-week low, as investors weighed the impact of the first partial government shutdown in 17 years. S&P 500 futures expiring in December increased 0.5% to 1682.5 at 9:56 a.m. in London. Lawmakers in Washington failed to agree on a federal […] Read more

Windows phone grabs market share in Europe

October 1, 2013 8:53 am
Windows Phone managed to record its highest share of smartphone sales in leading European markets, hinting that Microsoft’s operating system is finally gaining recognition just as Nokia prepares to offload its handheld device business. The operating system has struggled to make an impact over the past two years despite heavy marketing by Microsoft and Nokia, […] Read more

US stocks fell as US government closes

October 1, 2013 6:40 am
Globally, stocks fell the most in a month, trimming the biggest quarterly advance since the start of 2012, amid U.S. government shutdown. Standard and Poors 500 index retreated to levels of early September. The MSCI All Country World Index lost 0.8% as of 4 p.m. in New York as the Standard & Poor’s 500 Index […] Read more

U.S. stocks sank as government shutdown is near

September 30, 2013 2:39 pm
U.S. stocks slid, paring a quarterly gain for the Standard & Poor’s 500 Index, as a stalemate in the federal budget discussions increased the likelihood of a government shutdown. The S&P 500 fell 0.8% to 1,677.72 at 9:55 a.m. in New York. The benchmark gauge has added 2.7% this month, extending its quarterly gain to […] Read more

European stocks sank following Italian market retreat

September 30, 2013 10:01 am
European stocks struggle today as the U.S. faced the first government shutdown in 17 years and Italian Prime Minister Enrico Letta fought to save his administration. Asian shares and U.S. index futures also retreated. The Stoxx Europe 600 Index fell 0.7% to 310.02 at 8:05 a.m. in London. The gauge has still advanced 4.3% in […] Read more

GM’s revamped pick-ups exceed sale expectations

September 30, 2013 8:37 am
General Motors Co, is introducing its first redesigned pickups since 2006, and can’t keep up with outstanding demand of the most popular versions of its new Chevrolet Silverado and GMC Sierra, according to three people familiar with the effort. The difficulties came from the demand for the trucks exceeding a supplier’s ability to produce certain […] Read more

McLaren’s hopes for growth put in Asian markets

September 30, 2013 7:33 am
British high-end car manufacturer McLaren will break even this year ahead of an expansion which takes place in Asia and higher-volume segments as it aims to more than double its annual sales. The car-maker, famous for its million-dollar sports cars such as the P1, quadrupled its sales last year and is betting on rising Chinese […] Read more

US stock index futures fell amid possible budget shutdown

September 30, 2013 7:02 am
U.S. stock-index futures retreated significantly for a second day as politicians could not reach an agreement over the federal budget, threatening a U.S. government shutdown starting tomorrow. Standard & Poor’s 500 Index futures expiring in December dropped 0.8% to 1,675.20 as of 7:28 a.m. in London, heading for the lowest close in three weeks. Future […] Read more