August 21, 2013 11:41 am
Apple has lost more than 40% of its share of the Chinese tablet market over the past year to cheaper rivals led by Samsung Electronics, as devices based on Google’s Android and other operating systems rapidly overtake the US company’s gadgets. In the second quarter, Apple shipped 1.48 million iPads in China, 28% of the […]
Read moreAugust 21, 2013 8:42 am
A trading glitch occurred yesterday in Goldman Sachs computer system that resulted in a large number of erroneous single stock and options trades. Many of the trades may wind up being erased but the error could still cost the firm around $100 million, according to a person familiar with the situation. “The exchanges are working […]
Read moreAugust 21, 2013 7:41 am
Bayerische Motoren Werke AG, the world’s biggest maker of luxury cars, is struggling to deliver spare parts on time because of a new supply-management system, forcing customers to wait for repairs. The delays, which started more than two months ago with the switch to the new logistics system, have caused damaging effects globally because orders […]
Read moreAugust 21, 2013 6:32 am
U.S. stocks rose, with the Standard & Poor’s 500 breaking a four-day losing streak, as retailers’ results surpassed estimates and investors awaited signals on stimulus measures from the Federal Reserve. The S&P 500 added 0.4% to 1,652.35 at 4 p.m. in New York. The Dow Jones Industrial Average sank 7.75 points, or less than 0.1%, […]
Read moreAugust 20, 2013 2:29 pm
Amazon.com Inc. is starting a warehouse building spree in response to the raising demand of getting products to customers more quickly amid rising competition from EBay Inc. and Wal-Mart Stores Inc. Amazon’s center in Chattanooga, Tennessee, opened in 2011 after about 10 months. More space and new technology are the advantages of the new building, […]
Read moreAugust 20, 2013 10:33 am
U.S. stock-index futures retreated, signaling the Standard & Poor’s 500 Index will decline for a fifth consecutive day, amid speculation the Federal Reserve will reduce the pace of bond purchases next month. Futures on the S&P 500 expiring in September slipped 0.2% to 1,642.5 at 10:50 a.m. in London. The benchmark U.S. equity gauge has […]
Read moreAugust 20, 2013 8:50 am
The company this year offered a line of radler drinks, a blend of lemon soda and lager, to 23 markets in its biggest product introduction. It’s hoping that the drink, sweeter and less alcoholic than beer, will win over the ever-elusive female drinker as well as young men who prefer wines or spirits. Brewers are […]
Read moreAugust 20, 2013 7:26 am
Apple Inc. has asked its assembler Hon Hai Precision Industry Co. to begin shipping both a new high-end and low-end iPhone in early September, people familiar with the matter said. The shipping plans suggest that two new iPhone models could be launched as soon as next month, pointing to a strategy shift as Apple attempts […]
Read moreAugust 20, 2013 6:42 am
U.S. stocks fell, giving the Standard & Poor’s 500 Index its first four-day decline of the year, after energy shares dropped as investors awaited signals this week on the Federal Reserve’s stimulus plans. The S&P 500 dropped 0.6% to 1,646.06 at 4 p.m. in New York, the lowest level since July 8. The Dow Jones […]
Read moreAugust 19, 2013 11:35 am
U.S. stock-index futures were little changed after the Dow Jones Industrial Average posted its biggest weekly drop in 14 months, as investors awaited the release of Federal Reserve minutes. Futures on the Standard & Poor’s 500 Index expiring in September increased 0.1% to 1,653.1 at 10:43 a.m. in London. Contracts on the Dow rose 12 […]
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