June 25, 2013 2:36 pm
US stocks opened higher than expected as favorable data is signaling stable trend in US economy. Pullback in Treasury yields and a sharp intraday bounce in Chinese stocks was noted which helped gave investors confidence. Adding to that the durable goods data report was exceeding forecasts mainly because of aircraft and car industry. The better […]
Read moreJune 25, 2013 1:31 pm
Microsoft Corp. is working on offering companies the ability to use Oracles database software, java programming tools and application connecting middle-wear. Customers demand is in the core of the alliance of the two rival companies. “It’s about time, and we’re really glad to have the chance to work in this much newer and more constructive […]
Read moreJune 25, 2013 12:20 pm
The Australian brand reported a share price increase of 46% today, after the company said it is in advance refinancing and asset sale talks with two US hedge funds – Altamont Capital Partners and Sycamore Partners. Shares of Billabong decreased earlier this month by half of its value after the company voiced concerns of troubling […]
Read moreJune 25, 2013 8:53 am
European stocks rose, rebounding from almost whole week of losses, before reports of U.S. durable goods orders and sales of new homes for month of May. US futures also rose giving economy a hint of relieve after the substantial losses recent days. The Stoxx Europe 600 Index gained 1.13% at 9:38 a.m. in London . The […]
Read moreJune 25, 2013 7:46 am
According to Gartner, the technology research company, tablet market would grow with more than 67.9% offsetting recent PC market stagnation. Smartphones would also slow their growth according to the research. Gartner noted that the shift from PCs to tablets is due to a growing acceptance of the bring your own device, trend, which increases the […]
Read moreJune 25, 2013 6:53 am
US stocks are taking a hit at the start of the week as interest rates rise and gold is retreating. Many investors are looking for answers of two crucial questions – Is this a overreaction to the Feds statement of reducing stimulus program or is the economy showing signs of weakening. The Dow Jones Industrial […]
Read moreJune 24, 2013 3:17 pm
Rio Tinto the Anglo-Australian mining group, has recently stated it has abandoned plans to sell its precious gems business. Alan Davies, the head of Rio’s diamonds and minerals division, said today the company had considered a number of “strategic ownership options” for the division but decided the “best path to generate maximum value” for shareholders […]
Read moreJune 24, 2013 12:51 pm
US stock futures declined signaling the benchmark indexes would expand their monthly loss in more than a year. Futures on the S&P 500 expiring in September plunged by 0.9% to 1,569.9 at 7:14 a.m. in London. The benchmark index sank 2.1 percent last week, the most since April, after the Federal Reserve said it may […]
Read moreJune 24, 2013 7:22 am
Vodafone Group Plc. signed a preliminary agreement to acquire the German Kabel Deutschland Holding AG after offering a higher price of its previous offer. The purchase of Kabel brings to Vodafone access to 8.5 million connected households and potential customers for phone, Internet and TV subscriptions packages. Vodafone said it would pay 87 euros for […]
Read moreJune 24, 2013 6:46 am
Last week all three benchmark US indexes recorded daily records low since more than a year. Investors withdrawal from market was influenced by the statement of the Feds chairman Ben Bernanke who shared central banks intention to reduce stimulus till the end of this year. Although the statement was more of a hint of what […]
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