August 19, 2013 9:02 am
The Nestle SA this year bet on “cell methodology” tool that analyzes 1,000 distinct business units, or “cells,” across the 194 countries in which it operates, to help decide which ones should get more or less investment. The company needs to look deeper among businesses to find the reason for four quarter struggling sales. The […]
Read moreAugust 19, 2013 7:20 am
Samsung Electronics and Sony Corp. would present new devices next month as the two electronic giants are competing to steal Apples moment. Samsung’s Galaxy Gear, a wireless technology department of Samsung would unveil a wristwatch-like device with features of a smartphone. Thats definitely not all from Samsung as the companys Note 3 will be introduced […]
Read moreAugust 19, 2013 6:31 am
European stocks advanced for a third straight week as data showing the euro area emerged from the longest recession on record amid speculation the Federal Reserve will reduce monetary stimulus. The benchmark Stoxx Europe 600 Index increased 0.1% to 306.36 this past week, extending its yearly advance to 9.5%. The Euro Stoxx 50 Index added […]
Read moreAugust 16, 2013 11:44 am
U.S. stock-index futures rose, signaling the Standard & Poor’s 500 Index will rebound from yesterday’s deepest drop in two months, before economic reports on housing and consumer confidence. Futures on the S&P 500 expiring in September added 0.3% to 1,660 at 6:24 a.m. in New York. Contracts on the Dow Jones Industrial Average climbed 17 […]
Read moreAugust 16, 2013 11:30 am
Herbalife, the nutrition selling company under attack from shortseller Bill Ackman, allowed an affiliated business to continue operating in its network for almost a decade after Canadian authorities had labelled the operation a pyramid scheme, a Financial Times investigation indicates. Mr Ackman, founder of hedge fund Pershing Square, stated earlier that Herbalife itself is a […]
Read moreAugust 16, 2013 8:23 am
Wal-Mart Stores Inc., confirming worries taking place throughout the retail sector, reported an unexpected second-quarter decline in its U.S. chain’s comparable store sales and cut both its profit and sales outlook for the year. The company’s shares dropped 2.6% on Thursday to be the second-biggest decliner in the Dow. The S&P Retail Index also dropped […]
Read moreAugust 16, 2013 7:24 am
Facebook is testing a new mobile payment feature as it explores ways to boost revenues from advertisers by showing that ads on the social network lead directly to purchases. The feature will draw on credit card information already stored with Facebook to automatically fill in a payment information form when a person wants to buy […]
Read moreAugust 16, 2013 6:30 am
U.S. stocks sank the most since June as reports from Cisco Systems Inc. and Wal-Mart Stores Inc. disappointed while improving economic data fueled concern the Federal Reserve will reduce stimulus. The Standard & Poor’s 500 Index lost 1.4%, the most since June 20, to 1,661.32 at 4 p.m. in New York. The Dow Jones Industrial […]
Read moreAugust 14, 2013 11:48 am
U.S. stock-index futures slumped as investors speculated on the Federal Reserve’s future monetary policy amid signs the global economy is strengthening. Feds presidents statements are in focus of investors attention as they might shed some light of when the central bank would taper its bond purchasing program. Futures on the Standard & Poor’s 500 Index […]
Read moreAugust 14, 2013 8:31 am
Investor Carl Icahn has grabbed a stake valued at over $1 billion in Apple Inc., pressing on the matter that more cash should be falling from the tech giants branches. While Apple earlier this year announced a large buyback, Mr. Icahn said in an interview Tuesday that he wants to see it happen right away, […]
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