November 11, 2013 12:29 pm
Most European stocks remained unchanged, standing on five weeks of gains, amid better-than-forecast industrial output in China. Asian shares gained, while U.S. stock index stayed at record levels. The Stoxx Europe 600 index added 0.2% to 323.04 at 12:04 p.m. in London. The benchmark index has gained for five straight weeks, trading near its highest […]
Read moreNovember 10, 2013 8:38 am
Alibaba is an e-commerce businesses including business-to-business online web portals, online retail and payment services, a shopping search engine and data-centric cloud computing services. The 14-year-old company, founded by a former English teacher, is hard to categorize. While it is often called the Amazon.com of China, Alibaba is more of a mix between eBay Inc. […]
Read moreNovember 9, 2013 8:26 am
U.S. stocks gained for the week, pushing the Standard & Poor’s 500 Index to record high levels, as release of data fueled concern the Federal Reserve could scale back stimulus as soon as this year. The S&P 500 added 0.5% to 1,770.61 over the five days, extending the benchmark index’s raise to a fifth straight […]
Read moreNovember 8, 2013 1:01 pm
Tesla Model S electric car has caught on fire this week after hitting road debris on a Tennessee freeway. This is the third reported fire in a Model S in less than a month and a half. The accident happened on Wednesday afternoon near Smyrna, Tennessee. The fire, similarly to previous accidents, engulfed the front […]
Read moreNovember 8, 2013 12:09 pm
US stock futures advanced, signaling the Standard & Poors 500 would try to erase yesterdays losses, as investors stay focused on unemployment rate data with speeches from Federal Reserve Chairman Ben Bernanke and other central bank officials also expected. Futures for the Dow Jones Industrial Average rose 14 points to 15,581, at 11:54 a.m., London […]
Read moreNovember 8, 2013 10:14 am
Despite investor worries that Twitter may follow Facebook in first days of trade, the shadow of doubt which troubled the micro-blogging site has finally passed from the financial markets. Twitter soared 73% to $44.90 yesterday at close, the biggest first day gain for an IPO of more than $1 billion since 2007 after Alibaba.com. About […]
Read moreNovember 8, 2013 8:55 am
Walt Disney reported record full-year profits and revenues, boosted by big gains in its theme parks and consumer products divisions, as it agreed to a new television deal with Netflix and the release date for its new Star Wars film. Disney and Netflix reached to deal to develop shows based on Marvel superhero characters. The […]
Read moreNovember 8, 2013 7:26 am
U.S. stocks retreated, pressing down the Standard & Poor’s 500 Index to its most substantial loss in two months, amid speculation the Federal Reserve may scale back stimulus after larger-than-estimated GDP growth overshadowed decision by the European Central Bank to cut interest rate. The S&P 500 fell 1.3%, the most since Aug. 27, to 1,747.15 […]
Read moreNovember 7, 2013 12:23 pm
U.S. stock-index futures declined, predicting the Dow Jones Industrial Average will fall from a record level, as investors focused on GDP data for guidance on how long the Federal Reserve will maintain stimulus. Futures on the Standard & Poor’s 500 Index expiring next month retreated 0.2% to 1,762.9 at 11:57 a.m. in London. Dow Jones […]
Read moreNovember 7, 2013 11:04 am
Twitter has finally ended its journey to becoming a publicly traded company after around eight weeks of talks and meetings with investors in eight US cities. The micro-blogging social network priced 70 million shares at $26, above the targeted range of $23 to $25. The IPO values Twitter at around $14.1 billion. Twitter could raise […]
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