December 7, 2013 9:53 am
U.S. stocks surged, snapping a five-day slide for the Standard & Poor’s 500 Index, as investors acknowledged better-than-forecast jobs growth to asses the strength of the economy and timing of Federal Reserve stimulus cuts. The S&P 500 gained 1.1% to 1,805.09 at 4 p.m. in New York. The advance almost fully compensated the index’s drop […]
Read moreDecember 6, 2013 2:34 pm
Royal Dutch Shell has been planning to make a multibillion-dollar investment by building a flagship plant in the U.S. The initial idea of the company was to use the plant to convert natural gas into diesel and jet fuel. However, Shell was obviously concerned about the costs of the project and has recently dropped the […]
Read moreDecember 6, 2013 10:23 am
General Motors Co. is the worlds second-largest automobile company, which develops, manufactures and markets cars, trucks and parts. The company announced that it will withdraw its Chevrolet brand from the car market in Europe. This is the outcome of a 10-year-long brand strategy, which proved itself unsuccessful to make a commitment with the customers of […]
Read moreDecember 6, 2013 8:57 am
Although Honda Motor Co. performed quite poorly in its November sales, it still hopes to recover its positions by offering some great cash incentives to U.S. Dealers in order to boost their business during the holiday season. On Wednesday the company announced that it would pay 3,000-dollar bonuses for every vehicle sold above its total […]
Read moreDecember 6, 2013 7:43 am
US stocks drop for a fifth day, signaling the Standard & Poor’s 500 Index would most likely wrap a week of a declines, after improving economic data boosted bets the Federal Reserve will decrease its monthly bond purchases sooner than estimated. The S&P 500-stock index dropped 7.78 points, or 0.4%, to 1785.03. The Nasdaq Composite […]
Read moreDecember 5, 2013 2:34 pm
Samsung Electronics Co. is the biggest smartphone seller in the world. However, being a South Korean technology giant is not sufficient enough in order to win more corporate and government customers to the company. Now Samsung faces a new challenge – building a reliable customer-service network especially for businesses, and of course, developing a security […]
Read moreDecember 5, 2013 12:38 pm
General Motors Co. has made an important move that may turn out to be quite helpful as U.S. Government considers different options for its own shares in the company. The remaining stake in Ally Financial Inc., which is a former lending subsidiary company, is being sold by General Motors. Nowadays Ally Financial Inc. is one […]
Read moreDecember 5, 2013 9:20 am
A long-awaited deal between Apple Inc. and China Mobile Ltd. has been signed. The tie-up concerns the distribution of iPhones on China Mobiles network, and will have literally a push-up effect on the Apples sales on the Chinese market – the worlds largest mobile market. The arrangement will give Apple access to more than 700 […]
Read moreDecember 5, 2013 8:02 am
Tingyi (Cayman Islands) Holding Corp. is a local Chinese company, which specialises in manufacturing and distributing baked goods, instant noodles and beverages. After its annual sales slowly grew, the company started considering expansion by buying instant food businesses. On November the 29th, Frank Lin, who is the Chief Financial Officer or Tingyi, announced that the […]
Read moreDecember 5, 2013 7:39 am
US stocks retreated for a fourth day, the longest slump in 10 weeks for the Standard & Poor’s 500 Index, as investors weighed recent economic data for the Federal Reserve to start paring stimulus efforts this month. The S&P 500 lost 0.1% to 1,792.81 at 4 p.m. in New York. The benchmark index hesitated from […]
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