August 6, 2013 9:12 am
Amazon.com Inc. Chief Executive Officer Jeff Bezos agreed to buy the Washington Post for $250 million in a bet that he can apply his success in e-commerce to the struggling newspaper industry. The CEO is making the deal as an individual and not as part of Amazon, the world’s biggest online retailer, according to a […]
Read moreAugust 6, 2013 8:22 am
Credit Agricole SA, France’s third-largest bank by market value, said profit surged in the second quarter after the sale of its unprofitable Greek unit. Credit Agricole is recovering from two consecutive annual losses after selling its Athens-based Emporiki unit, a business that cut earnings by about 370 million euros in the second quarter of 2012. […]
Read moreAugust 6, 2013 6:43 am
U.S. stocks fell from record highs as investors focused on data showing stronger than forecast growth in service industries and a Federal Reserve official’s comment that the central bank is closer to slowing its monthly bond buying. The Standard & Poor’s 500 Index sank 0.1% to 1,707.14 at 4 p.m. in New York. The Dow […]
Read moreAugust 5, 2013 2:13 pm
U.S. stocks fell, after the Standard & Poor’s 500 Index climbed to fresh highs last week, as investors awaited a report that may show American service industries grew at a faster pace in July. The S&P 500 declined 0.2% to 1,705.57 at 9:32 a.m. in New York. The equity benchmark gained 1.1% last week as […]
Read moreAugust 5, 2013 9:17 am
HSBC Holdings posted today a 23% increase in net profit for the first half of the year, as a three-year cost-cutting plan proved successful and loan impairments fell. According to the bank statements net profit for the first half was $10.28 billion, compared with $8.44 billion in the first half of 2012. Revenue fell 7% […]
Read moreAugust 5, 2013 7:26 am
The U.S. decision to overturn an import ban on Apple Inc.’s older iPhones and iPads may help short-term sales and hurt Samsung Electronics Co. in any settlement talks in the companies’ patent fight. “The problem now for Samsung is not that Apple can continue to sell its products, but whether Samsung’s products will be banned,” […]
Read moreAugust 5, 2013 6:30 am
U.S. stocks gained on Friday, as the Standard & Poor’s 500 Index erased an earlier decline, amid data showing employers added fewer workers than anticipated in July signaled the Federal Reserve will continue its stimulus efforts till employment stabilizes. The S&P 500 rose 0.2% to 1,709.67 at 4 p.m. in New York, climbing to a […]
Read moreAugust 2, 2013 1:07 pm
Toyota nearly doubled its net profit in the quarter to June despite a slight drop in the number of cars it sold, as a weaker Japanese currency helped the increase the yen value of its foreign earnings. The world’s biggest car-maker said on Friday that profit in the first quarter of its accounting year jumped […]
Read moreAugust 2, 2013 11:42 am
U.S. stock-index futures were almost unchanged, after the Standard & Poor’s 500 Index climbed to a record yesterday, as investors awaited an employment report to evaluate whether policy makers will reduce their bond-buying program. S&P 500 futures expiring next month added 0.13% to 1,700.5 at 12:33 a.m. in London before a report that may show […]
Read moreAugust 2, 2013 7:39 am
Google will present the Motorola Moto X smartphone today, its latest attempt to leapfrog Apple’s iPhone – this time with a device containing bunch of sensors and processors that will allow the phone to anticipate users next move. The Moto X would cost around $200 when it goes on sale later this month with the […]
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