October 9, 2013 7:07 am
U.S. stocks tumbled, causing the Standard & Poor’s 500 Index its biggest two-day loss since June, as concern among investors grew that a deadlock among U.S. lawmakers over the debt limit could be taken to a government default. The S&P 500 fell 1.2% to 1,655.45 at 4 p.m. in New York, the lowest since Sept. […]
Read moreOctober 8, 2013 1:20 pm
European stocks fell for a second day in a row as investors closely followed the start of the U.S. earnings-reporting season and efforts to end a government shutdown in the world’s largest economy. U.S. index futures were little changed, while Asian shares advanced. The Stoxx Europe 600 Index slipped 0.4% to 308 at 11:57 a.m. […]
Read moreOctober 8, 2013 11:20 am
U.S. stock-index futures fluctuated around 0% change as investors waited for the beginning of the earnings-reporting season and weighed the impact of the government shutdown. Futures on the Standard & Poor’s 500 Index expiring in December rose less than 0.1% to 1,668.3 at 7:09 a.m. in New York. The benchmark gauge for U.S. equities slumped […]
Read moreOctober 8, 2013 11:00 am
Vodafone is preparing to invest as much as $2 billion to buy out minority shareholders in its Indian business, becoming the first company to take advantage of new rules liberalizing foreign ownership of telecoms group in Asia’s third-largest economy. The telecom giant group will file an application this month to India’s foreign investment promotion board, […]
Read moreOctober 8, 2013 7:01 am
Alcatel-Lucent SA plans to reduce staff by 10,000 as Chief Executive Officer Michel Combes implements strategy with cost cuts to turn around the unprofitable network-equipment maker, two people with knowledge of the matter said. The cuts would represent about 14% of Alcatel-Lucent’s workforce worldwide. The equipment maker will reduce its staff by about 15,000 jobs […]
Read moreOctober 8, 2013 6:24 am
U.S. stocks declined, with the Standard & Poor’s 500 Index dropping to the lowest level in a month, as lawmakers remained in disagreement over extending the nation’s debt limit to avoid a default. The S&P 500 fell 0.9% to 1,676.12 at 4 p.m. in New York, the lowest since Sept. 9. The Dow Jones Industrial […]
Read moreOctober 7, 2013 2:22 pm
European stock indexes dropped to lowest levels in almost a month as US House speaker John Boehner dismissed a possibility of clean passing the raise of federal governments debt limit. The Stoxx Europe 600 Index slid 0.7% to 307.6 at 2:27 p.m. in London, its lowest level since Sept. 10. The equity benchmark slipped 0.7% […]
Read moreOctober 7, 2013 1:26 pm
U.S. stock-index futures sank, pointing out to lower opening of the Standard & Poor’s 500 Index which may extend two weeks of losses, as negotiations to lift up the nation’s debt limit and avoid a default made little progress. S&P 500 futures expiring in December fell 0.8% to 1,671 at 8:56 a.m. in New York […]
Read moreOctober 7, 2013 9:16 am
Peter Voser’s four-year journey as a CFO and CEO in the Royal Dutch Shell hot seat is leaving investors a lot surer of Shell than they were in 2009. As chief financial officer and then as chief executive, Mr Voser helped transform a group that was troubled to its foundations by a reserves accounting scandal […]
Read moreOctober 7, 2013 7:17 am
Airbus announced it had won its first jet order from Japan Airlines today, breaking into the last major aviation market dominated by rival Boeing. The aicraft manufacturer entered Boeings “airspace” with a deal that involves the sale of 31 A350 aircraft to Japan Airlines and is worth $9.5 billion based on list prices. The first […]
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