October 23, 2013 12:01 pm
U.S. stock-index futures fell, suggesting the Standard & Poor’s 500 Index will retreat from a record levels after five days of gains, amid disappointing non-farm payrolls and weak corporate earnings of networking equipment makers. Non-farm payrolls rose by 140,000 which came short of the expectations for 180,000. However unemployment rate fell to 7.2% from estimated […]
Read moreOctober 23, 2013 9:09 am
Ebay Inc. is acquiring a same-day courier service based in London and revamping its own website as it seeks to compete against Amazon and Walmart and give itself a social media profile right before holiday season starts. The amount of the deal is still undisclosed. The e-commerce group is buying Shutl, a four-year-old start-up with […]
Read moreOctober 23, 2013 8:03 am
Apple is not stepping down from its core strategy and consolidates the iPad’s position at the high end of the tablet market in the face of competition from lower-cost rivals and new entrants such as Nokia, by putting a greater emphasis on software and distribution channels. Tim Cook, CEO of Apple, unveiled a new iPad […]
Read moreOctober 23, 2013 6:52 am
US stocks advanced to new heights as slower growth in hiring will reflect on Federal Reserve stimulus reduction and took the annual advance in the Standard & Poor’s 500 Index within a percentage point of the best yearly gain in a decade. The S&P 500 added 0.6% to 1,754.67 at 4 p.m. in New York […]
Read moreOctober 22, 2013 11:47 am
U.S. stock-index futures remain almost unchanged similar to yesterday levels as investors awaited employment data to define the possible timing of a cut in Federal Reserve bond purchases. S&P 500 futures expiring in December slipped less than 0.1% to 1,737.4 at 7:47 a.m. in New York after the gauge closed at a record yesterday. The […]
Read moreOctober 22, 2013 11:26 am
Nokia Oyj, presented its first products since sell-off of its handset business to Microsoft Corp., showed a tablet and smartphones in an attempt to revive demand. The products are an expansion to the line of Windows-based devices and signal the type of features that Microsoft will bet on in its hardware push after its first […]
Read moreOctober 22, 2013 9:08 am
PSA Peugeot Citroen has turned its focus on a plan for a capital increase of at least 3 billion euros ($4.1 billion), in which Dongfeng and France may take equal stakes of about 20%. Talks are making slow progress, said the people, who asked not to be identified. The goal is for a deal by […]
Read moreOctober 22, 2013 7:40 am
Netflix shares surged about 10% in after-market trading yesterday as streaming service reported it attracted more than 40 million global subscribers and tripled profits in the third quarter, beating analysts’ estimates. The company behind the development of TV series such as “House of Cards” and “Orange Is the New Black” has recovered strongly from its […]
Read moreOctober 22, 2013 6:43 am
U.S. stocks were little changed, after the record raise of Standard & Poor’s 500 Index, as investors focus their attention on corporate earnings and the damages of the government lock down to economic conditions in the country. Important data is due today as the Labor department is releasing unemployment rate and non-farm payrolls. The S&P […]
Read moreOctober 21, 2013 11:58 am
U.S. stock-index futures remain almost unchanged, after the Standard & Poor’s 500 Index rallied to new records, as investors focused their attention on the release of corporate earnings and tomorrow’s jobless data to evaluate the economy state. S&P 500 futures expiring in December rose less than 0.1% to 1,737.2 at 7:37 a.m. in New York. […]
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