September 9, 2013 6:38 am
The Standard & Poor’s 500 Index erased almost all its gains as an escalation in tension over Syria overshadowed slower-than-forecast jobs growth that eased concern about reductions in Federal Reserve stimulus. The S&P 500 rose less than 1 point to 1,655.17 at 4 p.m. in New York. The benchmark hesitated 1.5% points during the session, […]
Read moreSeptember 5, 2013 12:20 pm
US stock index futures were little changed, after a two-day gain for the Standard & Poor’s 500 Index, as investors awaited a report on private payrolls and concern mounted that the U.S. will strike Syria. Investors were expected to keep a close attention on data releases from the US, looking for clues as to whether […]
Read moreSeptember 5, 2013 11:31 am
Sony CEO Kazuo Hirai stays committed to the firms flagship TV business despite recent calls for it to be streamlined, he told CNBC at the IFA electronics show in Berlin Wednesday. His comments follow pressure in recent months from activist investor Daniel Loeb for Sony to sell up to a fifth of the firms entertainment […]
Read moreSeptember 5, 2013 9:17 am
Facebook is facing the risk of taking part in another battle with privacy advocates over its latest policy revisions, with users under the age of 18 one of the main sources of discord. The top six US privacy organisations sent a joint letter to US regulators and politicians late on Wednesday arguing that recent proposed […]
Read moreSeptember 5, 2013 7:34 am
Tech giant Samsung finally announced its long-rumored Galaxy Gear smartwatch at a trade show in Berlin on Wednesday, kicking off what will likely be a tech battle over consumers choice of smartwatches. By presenting the device Samsung Electronics has become the first global mobile computing company to launch a smartwatch, leaping ahead of rivals Apple, […]
Read moreSeptember 5, 2013 6:36 am
Yesterday US stocks recorded the largest one-day rise in five weeks amid auto makers data and technology shares gains as the economy continues to recover. The Dow Jones Industrial Average rose 96.91 points, or 0.65%, to 14930.87. That was the biggest point and percentage gain since Aug. 1. The S&P 500-stock index added 13.31 points, […]
Read moreSeptember 4, 2013 11:38 am
Ryanair experienced sharp share drop on Wednesday after the company warned that full-year profit was expected to come in at the bottom end of its target range after increased competition depressed ticket pricing. The Irish company stated weaker than anticipated average fares for the third quarter meant it anticipated net profit would be at the […]
Read moreSeptember 4, 2013 9:11 am
For the last six years, Amazon has managed to create a nearly unbreakable hold on the digital-reading market. Its willingness to set absolute low prices on e-books has drawn most of the attention, but the company’s Kindle hardware and its ability to weave together attractive new features that broaden the reading experience—is just as responsible […]
Read moreSeptember 4, 2013 7:48 am
LinkedIn plans to sell $1 billion worth of stock in a secondary offering, two years after one of the most successful social-media initial public offerings to date and having seen its valuation more than double so far in 2013. The company said it planned to use the proceeds for general corporate purposes, including further expansion […]
Read moreSeptember 4, 2013 6:41 am
U.S. stocks rose, after recording the worst month since May 2012 for the Standard & Poor’s 500 Index, as better-than-forecast economic data overshadowed concern over possible military action against Syria. The S&P 500 climbed 0.4% to 1,639.77 at 4 p.m. in New York, paring an earlier advance of as much as 1.1%. The Dow Jones […]
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