August 12, 2013 7:35 am
GM has given South Korea plant a great priority as one of its main production hubs after its 2002 purchase of failed local car-maker Daewoo Motors. The country accounts for slightly more than 20% of GMs annual global production of some 9.5 million cars. More than 80% of those GM cars made in the country […]
Read moreAugust 12, 2013 6:49 am
US stocks retreated last week for the most significant decline since June as positive data on trade and service industries triggered concerns of Fed tapering its stimulus program. The Standard & Poor’s 500 Index sank 1.1% to 1,691.42. The Dow Jones Industrial Average lost 232.85 points, or 1.5%, to 15,425.51. Both benchmarks capped their worst […]
Read moreAugust 9, 2013 2:09 pm
South Koreas Samsung Group, through its affiliates, clinched a deal Friday to buy German lighting specialist Novaled AG for 260 million euros ($347 million), in a move highlighting the electronic giants ambition to expand in next-generation technologies. Samsung has been very active towards acquiring small companies with technologies used in consumer electronics. The latest deal […]
Read moreAugust 9, 2013 11:46 am
U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index will extend its biggest weekly retreat in seven weeks as today no major US economic data is due to be issued. Futures on the S&P 500 expiring next month sank 0.4% to 1,687.7 at 6:38 a.m. in New York. The index has declined 0.7% […]
Read moreAugust 9, 2013 11:36 am
Facebook Inc. has been planning for months to enter the highly profitable market for online video ads. As soon as this fall, Facebook plans to launch a video-ad service that will show members 15-second clips on both smartphones and the Web, according to people with knowledge of the matter. Facebook needs the ads to be […]
Read moreAugust 9, 2013 8:53 am
The worlide economic crisis last five years dont seem to reflect in Priceline.coms performance as its stock neared a $1,000 price and a record that was set during the dot-com bubble. Priceline, the largest U.S. online-travel agent by market value, advanced 5.7% to $987.40 in extended trading after reporting second-quarter sales that exceeded analysts’ estimates. […]
Read moreAugust 9, 2013 7:38 am
BlackBerry Ltd is close to the possibility of going private, as the smartphone maker battles to revive its fortunes, several sources familiar with the situation said. Chief Executive Thorsten Heins and the companys board is increasingly coming around to the idea that taking BlackBerry private would give them breathing room to fix its problems out […]
Read moreAugust 9, 2013 6:41 am
U.S. stocks advanced, with the Standard & Poor’s 500 Index putting to an end a three-day drop, as Chinese trade balance data topped estimates and jobless claims fell to the lowest monthly rate since before the recession. The S&P 500 added 0.4% to 1,697.48 at 4 p.m. in New York, reducing the index’s weekly drop […]
Read moreAugust 8, 2013 1:56 pm
Nestle cut its revenue target for 2013, after disappointing sales in Europe led the Swiss group to miss analysts’ expectations for the fourth consecutive quarter. The world’s largest food company by revenues said that in the six months to the end of June, sales added 5.3% to 45.2 billion Swiss francs ($49.1 billion). Analysts had […]
Read moreAugust 8, 2013 12:18 pm
U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will raise from three days of losses, after China’s exports and imports increased more than estimated in July as investors also focused on upcoming job data. Futures on the S&P 500 expiring in September climbed 0.4% to 1,694.8 at 8:00 a.m. in New York. […]
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