August 2, 2013 6:37 am
U.S. stocks rose, sending the Standard & Poor’s 500 Index above 1,700 for the first time, after central banks vowed to maintain stimulus and manufacturing data exceeded estimates. The S&P 500 rose 1.3% to 1,706.87 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 128.48 points, or 0.8%, to a record 15,628.02. […]
Read moreAugust 1, 2013 2:36 pm
Ford Motor Co., Chrysler Group and Nissan Motor Co. reported U.S. sale gains for July as the industry’s continued recovery. Chrysler has surprised by its US sales, which saw a 10% jump, both bettering the industry average of 8% and improving over the same stretch of 2012. Ford Motor Companys U.S. sales for July increased […]
Read moreAugust 1, 2013 11:18 am
U.S. stock-index futures advanced, following the Standard & Poor’s 500 Index’s biggest monthly gain since January, as investors awaited data on manufacturing and jobless claims. S&P 500 futures expiring in September rose 0.7% to 1,692.7 at 10:37 a.m. in London. The benchmark index for U.S. shares slipped less than 0.1% yesterday as the Federal Reserve […]
Read moreAugust 1, 2013 9:19 am
Royal Dutch Shell reported “disappointing” second-quarter profits of $4.6 billion, well below market estimates, reflecting currency effects, rising costs and the worsening situation in Nigeria. Investors reacted to the news, leaving the shares down 4.4% in early London trading at £21.40. The company’s US exploration and production business recorded a loss for the quarter, underlining […]
Read moreAugust 1, 2013 8:03 am
Herbalife shares advanced to a new 1 year high yesterday after news that billionaire investor George Soros had taken a large stake in the nutritional supplement seller. Last month the $13 billion hedge fund run by Bill Ackman, has called Herbalife a fraudulent pyramid scheme and placed a billion-dollar bet against the value of its […]
Read moreAugust 1, 2013 6:44 am
U.S. stocks erased an earlier gains after the Federal Reserve didnt indicate when it will reduce the pace of stimulus. Data issued yesterday showed the economy grew more than projected in the second quarter. The S&P 500 lost less than 1 point to 1,685.73 at 4 p.m. in New York. The benchmark gauge gained 5% […]
Read moreJuly 31, 2013 2:05 pm
McDonald’s Corp. and its franchisees would have to pay more than $8 billion a year in the United States, for its workers to collect a raise from current wages to the $15 per hour demanded by workers striking in seven cities. The sum needed seems just as huge for Yum! Brands Inc., owner of KFC, […]
Read moreJuly 31, 2013 12:48 pm
Volkswagen released first-half data report unexpectedly after the market closed on Tuesday evening, a day ahead of the scheduled announcement. The German car-maker’s first-half operating profit declined 12% to 5.78 billion euros which it attributed to costs related to a car recall in China and charges booked by MAN, its truck and engineering business. The […]
Read moreJuly 31, 2013 11:49 am
U.S. stock index futures fluctuated around zero percentage change, with the Standard & Poor’s 500 Index might be heading for the biggest monthly gain since January, as investors awaited a policy announcement following the Federal Reserve’s two-day meeting. S&P 500 futures added 0.03% to 1,685.2 at 12:33 p.m. in London. The benchmark index added 0.04 […]
Read moreJuly 31, 2013 8:47 am
PSA Peugeot Citroen, Europe’s second-largest automaker, reported better than estimated earnings as it recorded smaller loss than it was expected by analysts. A tighter cost management offset a decline in deliveries which outpaced even the region’s negative numbers. Peugeot is cutting costs after its car-making unit lost 3 billion euros in cash in 2012 as […]
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