July 25, 2013 1:03 pm
Rolls-Royce said it intends to intensify its efforts to cut costs as the UK jet engine manufacturer declined to a 491 million pounds pre-tax loss in the first half of 2013. The group’s operating profit rose 32% in the six months to June 30, but it recorded a pre-tax loss partly because of losses on […]
Read moreJuly 25, 2013 11:15 am
U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index will continue to decline for a third consecutive day, as investors focused their attention towards economic reports to help assess when the Federal Reserve will reduce its bond-buying program. Futures on the S&P 500 expiring in September lost 0.7% to 1,672.4 at 7:06 a.m. […]
Read moreJuly 25, 2013 8:29 am
Google has made another attempt to find its place in the streaming video gadget market. The device which the tech giant is preparing to launch would cost around $35 and would have capabilities of streaming video to TV as well as adding other services. Google’s latest innovation in the segment, known as Chromecast, also involves […]
Read moreJuly 25, 2013 7:25 am
Facebook Inc persuaded investors it can perform great on smartphones and tablets on Wednesday, reporting a much better-than-anticipated surge in mobile advertising revenue in the second quarter that ignited a nearly 17% share rally. The worlds largest social network also reported an increase in daily visitors to its service, ignoring warnings that a new acquisitions […]
Read moreJuly 25, 2013 6:56 am
U.S. stocks indexes retreated, forming what seems to be a trend of slight drop, giving the Standard & Poor’s 500 Index its first-two day decline in a month, as investors weighed global manufacturing data and earnings reports from Caterpillar Inc. and Apple Inc. The S&P 500 fell 0.4% to 1,685.94 at 4 p.m. in New […]
Read moreJuly 24, 2013 2:18 pm
Boeing Co., the US-based aircraft-maker, posted a better-than-expected 13% jump in quarterly profit after delivering more commercial jets agreements, erasing concerns about the 787 Dreamliner and sending its shares up 1.6% to an all-time high. Boeing raised its full-year revenue and profit forecasts after the strong second-quarter performance. The company said it expects revenue for […]
Read moreJuly 24, 2013 12:49 pm
U.S. stock index futures advanced, suggesting the Standard & Poor’s 500 Index will rebound after yesterday’s drop, as Apple Inc. posted profit that topped estimates and European manufacturing surprisingly jumped. Future contracts on the S&P 500 expiring in September added 0.4% to 1,695 at 7:31 a.m. in New York, after the underlying index slipped 0.2% […]
Read moreJuly 24, 2013 12:13 pm
Daimler AG, the producer of luxury Mercedez branded cars, posted significant gains in second-half earnings as the European auto market bottoms out and new models spur demand. The German automaker hinted a recovery in the West European car market later this year as it reported a big jump in its second-quarter net profit as it […]
Read moreJuly 24, 2013 8:36 am
AT&Ts operating costs were higher, mainly in mobile operations, which was the main reason for the held back second-quarter profits at AT&T, the largest US telecoms group, which added a net 551,000 monthly contract customers in the quarter, up from 320,000 gained in the same period last year. Many of the contract customers added by […]
Read moreJuly 24, 2013 7:31 am
Apple prove wrong skeptics who suggested that the best years of smartphone growth were behind it, as iPhone sales beat expectations, despite a sharp drop in third-quarter earnings. The tech giant explained that price cuts and better distribution network helped iPhone 4 version of the flagship smartphone to outperform its rival Samsung Galaxy S4. Sales […]
Read more