November 7, 2013 9:24 am
Adidas is racing Nike for the domination over sport apparel markets. The company is hoping sales ahead of next years World Cup football championship in Brazil would provide massive boost to sales. In its race with market leader Nike Inc., Adidas, the worlds No. 2 sporting-goods maker, is stumbling. The German companys headaches range from […]
Read moreNovember 7, 2013 7:32 am
U.S. stocks surged, sending the Dow Jones Industrial Average to a fresh record high, as Federal Reserve officials said economic weakness suggests continued stimulus and investors await data this week on jobs and growth. The Standard & Poor’s 500 Index added 0.4% to 1,770.49 at 4 p.m. in New York, within two points of its […]
Read moreNovember 6, 2013 12:16 pm
U.S. stock-index futures rose, predicting the S&P 500 would turn to positive territory from yesterday’s drop, as investors focused on this week’s data on jobs and economic growth for signs on how long the Federal Reserve will maintain stimulus program. Futures on the Standard & Poor’s 500 Index expiring in December gained 0.6% to 1,766.2 […]
Read moreNovember 6, 2013 9:56 am
Fords plant in Belgium has been rumored to implement job cuts since last year. However, companys board decided to abandon the whole plant. The news was reported suddenly one morning as a nightmare surprise that almost nobody in Genk expected. Ford had decided to shut down Genk factory, which employed 4,300 people, and it would […]
Read moreNovember 6, 2013 8:07 am
Toyota Motor Corp., the world’s largest automaker, raised its full-year profit forecast by 13% as the weaker yen helped earnings from Prius and Lexus vehicles which are exported from Japan. Net income in the fiscal first half ended September 30 could surge 74% to 955.3 billion yen ($9.7 billion), according to analyst estimates. For the […]
Read moreNovember 6, 2013 7:31 am
U.S. stocks were mostly lower, snapping two days of gains that sent the Standard & Poor’s 500 Index close to a record high, as investors weighted US services data and remained focused on economic growth and employment. The S&P 500 fell 0.3% to 1,762.97 at 4 p.m. in New York. The Dow Jones Industrial Average […]
Read moreNovember 5, 2013 2:21 pm
Apple revealed plans to build a manufacturing plant in Arizona. The facility would be created in partnership with mineral crystal specialist GT Advanced Technologies Inc to make sapphire materials for Apples electronics devices. The news came as a press release from both the state of Arizona and the company GT Advanced Technologies, which will produce […]
Read moreNovember 5, 2013 11:45 am
U.S. stock-index futures sank, predicting the Standard & Poor’s 500 Index will end two days of gains, as investors awaited a report on the services industry. Standard & Poors 500 futures expiring in December fell 0.3% to 1,757.8 at 11:33 a.m. in London. The benchmark index rose 0.4% on Monday as Exxon Mobil Corp. and […]
Read moreNovember 5, 2013 10:05 am
Twitter reported significant increase in the price range of its IPO by as much as 25% as investors showed improved interest for the stock. The boosted demand would reflect on companys valuation which may jump to over $17 billion at its stock market debut later this week. Shares of the social network will set a […]
Read moreNovember 5, 2013 8:41 am
Bayerische Motoren Werke AG, the world’s biggest maker of luxury vehicles, reported a narrower-than-expected decline in third-quarter profit as higher deliveries partially compensate for new models spending. Despite volatile business conditions, the BMW Group continued on its successful course during the third quarter and first nine-month period of 2013 and kept its position as the […]
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