July 8, 2013 8:28 am
After conceding failure in four seat electric cars and two seated models, Daimler AG is turning to a smaller and slower electric vehicles such as scooters. Next year, Smart brand would add to its lineup an electric-powered scooter, a prototype which reaches a top speed of 45 kilometers per hour. The scooter and a $3,716 […]
Read moreJuly 8, 2013 7:48 am
Standard & Poor has cut Japanese Softbank company rating to junk after the firm was successfully approved by Federal Communications Commission for its bid for Sprint worth more than $21 billion. A lower credit rating indicates a higher risk of default and would raise borrowing costs. The firms credit rating was cut to BB+ from […]
Read moreJuly 8, 2013 6:55 am
All main US stock indexes rose on Friday boosted by closely followed jobs data which beat forecasts. Standard & Poor’s 500 Index recorded its biggest rally in three weeks. The benchmark added 1%, the most since June 13, advancing 1.6% for the week. The Dow Jones Industrial Average gained 1%. “The jobs report is pretty strong. It’s a […]
Read moreJuly 5, 2013 2:10 pm
Siemens AG pulled out of bidding for 1 billion pound contract to build carriages for the London Crossrail project, giving the initiative to two rival bids that hope to sign the deal. The company has led the line of suitors to win the contract and its withdrawal is a major boost to Bombardier and Hitachi, […]
Read moreJuly 5, 2013 1:07 pm
US stock futures advanced in pre-market trade today as S&P 500 is pointing toward its second straight week of gains after European Central Bank kept interest rates low and change in non-farm payrolls beat estimates. Futures on the S&P 500 expiring in September gained 0.08% to 1615.41 at 8:51 a.m. in New York. Contracts on […]
Read moreJuly 5, 2013 12:38 pm
Today, HTC posted Q2 profits which were significantly lower than expected from analyst as company experienced some manufacturing delays in Q1. Recently, smartphone markets have shown indications of slowing sales and competitors as Apple and Samsung have been struggling to comply with the bullish market. Revenue was NT$70 billion, or $2.3 billion for the second […]
Read moreJuly 5, 2013 9:39 am
Maserati the exclusive luxury sport car manufacturer is shifting focus towards a lower-end market. This fall the Fiats owned company is going to introduce its Maserati Ghibli – mid-sized sedan priced around $65 000. The Italian subsidiary doesnt hide hopes of stealing market share from established brands such as BMW, Mercedes and Audi. Maserati combines […]
Read moreJuly 5, 2013 7:56 am
European stocks were almost unchanged yesterday as the Stoxx 600 index would probably continue its biggest weekly advance in two months. Future contracts indicate a strong session of positive numbers. Investors wait on data on the American labor market which would be a strong indicator of whether economy is on a strong pattern. For the […]
Read moreJuly 5, 2013 7:03 am
Samsung Electronics missed already adjusted forecasts for earnings in the second quarter on growing concerns that the company may have reached its peak and will struggle to meet bullish expectations. The flagship Galaxy S smartphone is loosing market share as several competitors appeared, after it pushed Samsung to market leadership beating iPhone 5 year hegemony. […]
Read moreJuly 4, 2013 2:30 pm
Temasek, the Singapore-based investment firm owned by countrys government, warned that the unwinding of the US Federal Reserve’s quantitative easing will trigger “a lot of disruption and volatility”. The firm stated concerns of slowing growth: “On the whole, we think the nearer-term outlook is slower growth,” said Chia Song Hwee, head of Temasek’s investment group. […]
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