November 13, 2013 9:13 am
Few days before the launch of the two best-selling game consoles, it appears Microsoft and Sony are running from a very close starting position. Sonys latest model in the next-generation battle of gaming consoles, the PlayStation 4, is scheduled to flood North American markets later this week. Microsofts Xbox One is expected to be released […]
Read moreNovember 13, 2013 8:20 am
Starbucks must pay Kraft Foods $2.76 billion after it ended the companies deal at least three years earlier, the coffee chain said on Tuesday. Starbucks prematurely ended the contract in March 2011 and switched the business to privately held Acosta Inc. An arbitrator ruled that Starbucks had to pay $2.23 billion in damages plus $527 […]
Read moreNovember 13, 2013 7:37 am
U.S. stocks retreated, with the Dow Jones Industrial Average falling from a record, as companies earnings and an improving economy fueled speculation the Federal Reserve will reduce stimulus next month. The Standard & Poor’s 500 Index lost 0.2% to 1,767.69 at 4 p.m. in New York, after closing yesterday within a point of its all-time […]
Read moreNovember 12, 2013 3:19 pm
Vodafone, the UK telecoms operator, boosted investment plans to 7 billion pounds to help turn around deteriorating operations in its core mature market in Europe that weighed on first-half results. The company will improve its existing 3G network in Europe and accelerate the building of its super-fast 4G network. The unfavorable economic conditions in ferociously […]
Read moreNovember 12, 2013 11:30 am
U.S. stock-index futures stay mixed, predicting the Dow Jones Industrial Average may continue to increase from an all-time high levels while Standard & Poors 500 index would most likely erase recent gains as investors are looking for signs that would give more information about when the Fed intends to cut back stimulus. Futures on the […]
Read moreNovember 12, 2013 9:28 am
Grifols SA, one of the worlds top developers of plasma-based medicines, has been growing amid Spains economic crisis by using strategy of targeting sales abroad and making quality acquisitions. Novartis AG agreed to sell a blood-transfusion diagnostics unit to the Spanish health-care company for $1.66 billion (1.24 billion euros) as the Swiss drug-maker slims its […]
Read moreNovember 12, 2013 8:50 am
News Corp.s revenue unexpectedly fell in its first quarter since being branched as a stand-alone company, as revenue from its Australian newspapers declined. The results were short of analysts forecasts. Rupert Murdochs News Corp. reported a larger than expected 3% decline in revenue in its first quarter. News Corp shares fell 4% in after-hours trading […]
Read moreNovember 12, 2013 7:27 am
U.S. stocks increased by little, as the Dow Jones Industrial Average extended its record, as investors awaited retailer earnings reports to asses the strength of consumer demand and the likelihood of cuts to monetary stimulus. The Standard & Poor’s 500 Index climbed 0.1% to 1,771.89 at 4 p.m. in New York to close within a […]
Read moreNovember 11, 2013 2:43 pm
Tech giant Apple is developing a new iPhone design that incorporates a curved screen and enhanced sensors, according to people familiar with the matter cited by Bloomberg. Two models are planned for release in the second half of 2014 which would feature larger displays with curved glass, according to an unnamed person “familiar with the […]
Read moreNovember 11, 2013 1:56 pm
U.S. stock-index futures are little changed, after companies posted the longest streak of weekly gains since February, as investors focused on earnings reports this week from retailers to asses the strength of consumer demand. Standard & Poor’s 500 Index futures expiring next month climbed 0.1% to 1,768.5 at 8:32 a.m. in New York. The benchmark […]
Read more