September 5, 2013 6:36 am
Yesterday US stocks recorded the largest one-day rise in five weeks amid auto makers data and technology shares gains as the economy continues to recover. The Dow Jones Industrial Average rose 96.91 points, or 0.65%, to 14930.87. That was the biggest point and percentage gain since Aug. 1. The S&P 500-stock index added 13.31 points, […]
Read moreSeptember 4, 2013 11:38 am
Ryanair experienced sharp share drop on Wednesday after the company warned that full-year profit was expected to come in at the bottom end of its target range after increased competition depressed ticket pricing. The Irish company stated weaker than anticipated average fares for the third quarter meant it anticipated net profit would be at the […]
Read moreSeptember 4, 2013 9:11 am
For the last six years, Amazon has managed to create a nearly unbreakable hold on the digital-reading market. Its willingness to set absolute low prices on e-books has drawn most of the attention, but the company’s Kindle hardware and its ability to weave together attractive new features that broaden the reading experience—is just as responsible […]
Read moreSeptember 4, 2013 7:48 am
LinkedIn plans to sell $1 billion worth of stock in a secondary offering, two years after one of the most successful social-media initial public offerings to date and having seen its valuation more than double so far in 2013. The company said it planned to use the proceeds for general corporate purposes, including further expansion […]
Read moreSeptember 4, 2013 6:41 am
U.S. stocks rose, after recording the worst month since May 2012 for the Standard & Poor’s 500 Index, as better-than-forecast economic data overshadowed concern over possible military action against Syria. The S&P 500 climbed 0.4% to 1,639.77 at 4 p.m. in New York, paring an earlier advance of as much as 1.1%. The Dow Jones […]
Read moreSeptember 3, 2013 11:13 am
US stock-index futures advanced, following the Standard & Poor’s 500 Index’s worst month since May 2012, as investors awaited a report that may show manufacturing expanded for a third month in August. RIA Novosti reported that Russian Defense detected two missiles launched into Mediterranean. Futures on the S&P 500 expiring this month advanced 0.7% to […]
Read moreSeptember 3, 2013 6:59 am
Microsoft Corp. will buy Nokia Oyj’s handset business for 5.44 billion euros ($7.2 billion) as the Finnish company exits a business it once dominated and the maker of Windows moves into hardware to boost growth. Nokia chief Elop, a former Microsoft executive, will return as Microsofts board weighs options for a successor to current CEO […]
Read moreSeptember 3, 2013 6:29 am
European stocks advanced the most in eight weeks as a bunch of Chinese manufacturing activity data exceeded economists’ estimates. U.S. index futures also rose while trading in US took a day off due to Labor day holiday. The Stoxx Europe 600 Index added 1.9% to 302.94 at the close of trading, its biggest gain since […]
Read moreSeptember 2, 2013 11:53 am
Samsung is set to launch its much anticipated new gadget – a smartwatch, on Wednesday, marking a major milestone in the emerging product category amid concerns that the smartphone market has reached its peak. The company has been looking for a fresh niche to boost sales. That, or the news of Apple coming up with […]
Read moreSeptember 2, 2013 9:03 am
European stock markets are trading sharply higher on Monday, benefiting from the likely delay to any military response in Syria after U.S. President Barack Obama decided over the weekend to ask Congress to authorize the mission. The leaders of the House and Senate said they would hold votes on the need for military action in […]
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