December 25, 2013 5:05 pm
US stocks rose, continuing records for benchmark indexes, as economic data releases showed orders for durable goods and sales of new homes topped forecasts. The Standard & Poor’s 500 Index added 0.3% to 1,833.32. The Dow Jones Industrial Average advanced 62.94 points, or 0.4%, to 16,357.55. U.S. equities markets closed at 1 p.m. yesterday before […]
Read moreDecember 24, 2013 10:42 am
U.S. stocks gained, pushing benchmark indexes further to all-time highs, as Apple Inc. rallied and the International Monetary Fund indicated it would raise its outlook for the economy. The Standard & Poor’s 500 Index added 0.5% to 1,827.99 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 73.47 points, or 0.5%, to […]
Read moreDecember 23, 2013 1:46 pm
U.S. stock-index futures gained, after the Dow Jones Industrial Average recorded its biggest weekly jump in three months, signaling the U.S. indexes could continue their climb amid Consumer-Sentiment Report. Futures for the Dow Jones Industrial Average put on 45 points, or 0.3%, to 16,226, while those for the S&P 500 index picked up 7.30 points, […]
Read moreDecember 22, 2013 2:35 pm
Fiat Chief Executive Officer Sergio Marchionne seems to have not given up on negotiations with a United Auto Workers medical trust to buy the remaining shares of Chrysler Group LLC. As the initial public offering of Chrysler is put on hold, Fiat executives met this week with representatives of the retiree health-care trust, two people […]
Read moreDecember 21, 2013 1:28 pm
Facebook Inc. officially announced that the company and its stakeholders are going to sell shares estimated to 3.85 billion dollars in its first stock offering since the company went public last year. In a statement, made yesterday, the company said that 70 million shares were priced at 55.05 dollars each. Facebook will offer about 27 […]
Read moreDecember 21, 2013 12:35 pm
As the Wall Street Journal reported yesterday, BlackBerry Ltd. recorded its worst-ever quarterly loss estimated to 4.4 billion dollars. The company explained the loss with the fact the sales of its new line of smartphones are lower than initially expected. After the Chief Executive Officer announced a new manufacturing deal and explained that the company […]
Read moreDecember 21, 2013 8:51 am
Oracle Corp. provides enterprise software and computer hardware products and services and is known as the largest database maker worldwide. Yesterday, the company agreed to buy Responsys Inc. The deal is estimated to 1.5 billion dollars and is considered to up the ante of the technology company acquisitions that are yet to come. Bloomberg reported […]
Read moreDecember 21, 2013 7:40 am
U.S. stocks advance, sending the Standard & Poor’s 500 Index reaching to its biggest weekly gain since Octoberas data, showing faster-than-estimated GDP growth boosted confidence in the world’s largest economy. The S&P 500 added 0.5% to a record 1,818.32 at 4 p.m. in New York. The Dow Jones Industrial Average rose 42.06 points, or 0.3%, […]
Read moreDecember 20, 2013 3:36 pm
Management reorganization at General Motors and the scaling back of the companys union with PSA Peugeot Citroen, have provoked certain insecurity over the carmakers strategy for Opel in the U.S. At the same time, European carmaker business seemed to become more stable. A Reuters reported The sixth boss of Opel over the last ten years […]
Read moreDecember 20, 2013 2:48 pm
Telefonica SA is one of the largest integrated telecommunications operators. The company provides communication, information and entertainment solutions operating through four business units. As reported by Bloomberg earlier today, the companys bid to combine its German phone unit with Royal KPN NVs E-Plus will face a probe by European authorities. People familiar with the matter […]
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