August 29, 2013 8:22 am
Verizon Communications Inc. is in advanced talks to acquire Vodafone Group’s 45% stake in their U.S. wireless venture for about $130 billion, according to people with knowledge of the matter. Verizon is working with several banks to raise $10 billion from each, or enough to finance about $60 billion of a buyout of Verizon Wireless, […]
Read moreAugust 29, 2013 7:33 am
Sony’s latest star performer is a chip found in almost every high-end camera and smartphone. Apple’s iPhones 5 and 4S use the chip and so do Samsung’s flagship Galaxy S4 and LG’s G2, according to researchers. The company grabbed almost a third of the $7.6 billion market for low-power sensors that record crisp snapshots. Sony […]
Read moreAugust 29, 2013 6:45 am
US stocks gained, with the Standard & Poor’s 500 Index rebounding from an eight-week low, as energy shares rallied and investors watched developments on Syria. The S&P 500 rose 0.3% to 1,634.96 at 4 p.m. in New York. The index closed just short of its average level for the past 100 days of 1,638.27, after […]
Read moreAugust 28, 2013 11:22 am
U.S. stock index futures were little changed, signaling the Standard & Poor’s 500 Index will remain near an eight-week low following a significant drop from yesterdays trading session, as investors awaited data on pending home sales. Standard & Poors 500 futures expiring in September gained less than 0.1% to 1,629.3 at 10:56 a.m. in London, […]
Read moreAugust 28, 2013 8:53 am
Amazon is boosting its presence on mobile apps by offering developers incentives to implement advertisements for its products in their applications, as online shopping via smartphones booms. Under a program announced on Tuesday, app owners can earn a commission fee of up to 6% from Amazon when users buy a product that they have promoted […]
Read moreAugust 28, 2013 7:33 am
Nissan has took the challenge to launch a car that can drive itself by 2020, provoking a host of car-making rivals and industry newcomers such as Google. The commitment thrusts the Japanese car-maker to the front of a congested race to bring the technology to roads, but will require it to navigate regulatory and legal […]
Read moreAugust 28, 2013 6:53 am
Stocks dropped, with blue chip stocks falling to two-month lows, as investors fretted over escalating tensions in Syria. While much of the attention among traders Tuesday was focused on Syria, the sell-off extends a decline from recent weeks blamed on expectations that the Federal Reserve will decide in September to scale back its economic stimulus […]
Read moreAugust 27, 2013 2:07 pm
U.S. stocks fell, with the Standard & Poor’s 500 Index sliding for a second day, as tension grew over possible military action in Syria and consumer confidence index beating expectations. The S&P 500 slid 0.4% to 1,644.08 at 9:55 a.m. in New York. The Dow Jones Industrial Average dropped 93.74, or 0.6%, to 14,852.72, headed […]
Read moreAugust 27, 2013 11:01 am
U.S. stock index futures declined, sending strong signal the Standard & Poor’s 500 Index will drop for a second day, as investors awaited data that may show consumer confidence retreated from high levels and tension grew over possible military action in Syria. Futures on the S&P 500 expiring in September retreated 0.6% to 1,644.9 at […]
Read moreAugust 27, 2013 8:56 am
Bill Ackman has put his stake in JC Penney up for sale as the hedge fund manager prepares to end three years as the biggest shareholder in the department store business where he has lost at least 40% of his original investment. In a letter to investors in his fund this month, Mr Ackman said […]
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