August 26, 2013 8:57 am
Lenovo is adopting an approach similar to Apples of opening outlets offering gleaming glass and wide counters found at Apple shops, with phones and tablets sitting on tables for customers to try out. The retail outlets are part of a long term plan to overtake Samsung in the world’s biggest smartphone market, offering a range […]
Read moreAugust 26, 2013 8:03 am
Amgen Inc stepped up to reach a deal to buy cancer drug maker Onyx Pharmaceuticals Inc for about $10.4 billion on Sunday, as it moves to restock its product pipeline in response to declining sales of its flagship anemia drugs. The acquisition which ends a two-month-long auction of Onyx represents the fifth-largest biotechnology deal in […]
Read moreAugust 26, 2013 7:06 am
U.S. stocks rose despite weaker than expected economic data and Nasdaq three-hour trading halt on Thursday due to a computer error. Investors are speculating on when Fed would begin reducing bond purchases as economy gains momentum. The Standard & Poor’s 500 Index added 0.39% to 1,663.50 on Friday at 4 p.m. in New York. The […]
Read moreAugust 23, 2013 2:38 pm
Microsoft informed that Steve Ballmer would most likely retire as its chief executive within the next 12 months, sending its stock soaring by more than 7% in early trading. Bill Gates, Microsofts founder and chairman, will form part of the succession planning committee to find his replacement. “There is never a perfect time for this […]
Read moreAugust 23, 2013 11:06 am
US stock index futures were almost changed, following a Nasdaq Stock Market halt yesterday that affected thousands of stocks, as investors focus their attention on a report on sales of new houses. Standard & Poors 500 futures expiring next month slipped 0.14% to 1,653.1 at 6:52 a.m. in New York, after earlier rising as much […]
Read moreAugust 23, 2013 8:26 am
For the first time in more than five years, Yahoo sites were the most visited in the country in July, according to a monthly report from ComScore, which tracks unique visitors to U.S. properties across the Web. ComScore released its monthly report on the top 50 US Internet properties Wednesday, and it listed Yahoo at […]
Read moreAugust 23, 2013 6:57 am
Moody’s indicated that it could cut the credit ratings of the six biggest US banks, saying they might be not protected by federal government if they got into trouble in the future. Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo could be downgraded, the rating agency said on Thursday. The ratings of Bank of […]
Read moreAugust 23, 2013 6:25 am
U.S. stocks rose on data showing improvement in global manufacturing and the American labor market amid a three-hour trading halt on the Nasdaq Stock Market after a computer error. The Standard & Poor’s 500 Index added 0.9% to 1,656.96 at 4 p.m. in New York. The Dow Jones Industrial Average rose 66.19 points, or 0.4%, […]
Read moreAugust 22, 2013 2:12 pm
Kia Motors is experiencing losses of hundreds of millions of dollars from a suspension of Saturday production shifts at its domestic plants, as the South Korean car-maker fights to avoid a fruitless pay negotiations with its union. Production was interrupted in March at two of Kia’s three domestic assembly plants, and at all those of […]
Read moreAugust 22, 2013 11:47 am
U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index will rebound from a six-week low, as investors awaited reports on jobless-benefit claims and leading economic indicators. S&P 500 futures expiring in September gained 0.4% to 1,642.5 at 6:38 a.m. in New York. Contracts on the Dow Jones Industrial Average rose 38 points, or […]
Read more