September 24, 2013 8:37 am
BlackBerry has agreed to be bought by a consortium of Canadian investment companies for $4.7 billion in cash and taken private, in a last resort move to ensure the survival of one of the pioneers of the global smartphone industry. Once called CrackBerry the smartphone manufacturer was widely and compulsively used by the world’s business […]
Read moreSeptember 24, 2013 7:31 am
Chrysler Group was forced to file paperwork for an IPO by its second-biggest shareholder on Monday, escalating a discussion with main owner Fiat which said it could scale back its commitment to the U.S. automaker. Fiat, which owns 58.5% of Chrysler, wants to take full control and buy out the rest of the stock owned […]
Read moreSeptember 24, 2013 6:35 am
U.S. stocks fell, with the Standard & Poor’s 500 Index having the longest retreat in a month, as financial shares sank and investors watched speeches from Federal Reserve officials for clues on monetary policies. The S&P 500 retreated 0.5% to 1,701.84 at 4 p.m. in New York. The benchmark gauge has lost 1.4% over three […]
Read moreSeptember 23, 2013 11:40 am
U.S. stock-index futures remain almost unchanged, following three weeks of gains for the Standard & Poor’s 500 Index, as a economic data report showed that China’s manufacturing expanded at its fastest pace in six months. S&P 500 futures expiring in December added 0.2% to 1,705.3 at 7:23 a.m. in New York. The benchmark index added […]
Read moreSeptember 23, 2013 8:48 am
Citigroup suffered a significant decline in trading revenues that threatens to decrease its earnings, according to people familiar with conversations between investors and the bank in recent days. People familiar with Citis discussions with its investors said the bank had highlighted a market-wide slowdown in activity. Some investors believe revenues will fall by significantly more […]
Read moreSeptember 23, 2013 7:27 am
In a last resort move to save business, BlackBerry has took steps to retreat from consumer market in favor of its traditional strength – serving businesses and governments. Analysts suggest the move will only speed up the downfall of the company. “Perception is nine tenths of reality and if customer and supplier confidence continues to […]
Read moreSeptember 23, 2013 6:36 am
Last weeks Wednesday the Dow Jones Industrial Average jumped 147 points Wednesday, returning to record territory after the Fed put off cuts decision. But it gave it all back on Thursday and Friday, falling 226 points and finishing the week at 15451.09, 1.4% off Wednesday’s record. For now, the Fed continues pumping a full amount […]
Read moreSeptember 20, 2013 11:36 am
U.S. stock-index futures were little changed, with the Standard & Poor’s 500 Index poised for a third week of gains, as investors awaited speeches by Federal Reserve policy makers after the central bank unexpectedly refrained from reducing monetary stimulus this week. S&P 500 futures expiring in December slipped less than 0.1% to 1,716.3 at 10:25 […]
Read moreSeptember 20, 2013 9:00 am
Adidas, the world’s second largest sportswear group by sales, issued a profit warning Thursday night blaming the slump in emerging market currencies for lower than expected projected sales for the year. Shares in the group logically fell 5% in response in early morning trading on Friday. According to the German company investors should expect income […]
Read moreSeptember 20, 2013 7:41 am
Microsoft Corp. is relying more heavily on rapid growth in some of its new online services to carry it through the transition to the post-PC world, outgoing chief executive Steve Ballmer indicated on Thursday in what could be his last meeting with Wall Street analysts. “Office 365 and Azure have got to be a touchdown,” […]
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