July 25, 2013 11:15 am
U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index will continue to decline for a third consecutive day, as investors focused their attention towards economic reports to help assess when the Federal Reserve will reduce its bond-buying program. Futures on the S&P 500 expiring in September lost 0.7% to 1,672.4 at 7:06 a.m. […]
Read moreJuly 25, 2013 8:29 am
Google has made another attempt to find its place in the streaming video gadget market. The device which the tech giant is preparing to launch would cost around $35 and would have capabilities of streaming video to TV as well as adding other services. Google’s latest innovation in the segment, known as Chromecast, also involves […]
Read moreJuly 25, 2013 7:25 am
Facebook Inc persuaded investors it can perform great on smartphones and tablets on Wednesday, reporting a much better-than-anticipated surge in mobile advertising revenue in the second quarter that ignited a nearly 17% share rally. The worlds largest social network also reported an increase in daily visitors to its service, ignoring warnings that a new acquisitions […]
Read moreJuly 25, 2013 6:56 am
U.S. stocks indexes retreated, forming what seems to be a trend of slight drop, giving the Standard & Poor’s 500 Index its first-two day decline in a month, as investors weighed global manufacturing data and earnings reports from Caterpillar Inc. and Apple Inc. The S&P 500 fell 0.4% to 1,685.94 at 4 p.m. in New […]
Read moreJuly 24, 2013 2:18 pm
Boeing Co., the US-based aircraft-maker, posted a better-than-expected 13% jump in quarterly profit after delivering more commercial jets agreements, erasing concerns about the 787 Dreamliner and sending its shares up 1.6% to an all-time high. Boeing raised its full-year revenue and profit forecasts after the strong second-quarter performance. The company said it expects revenue for […]
Read moreJuly 24, 2013 12:49 pm
U.S. stock index futures advanced, suggesting the Standard & Poor’s 500 Index will rebound after yesterday’s drop, as Apple Inc. posted profit that topped estimates and European manufacturing surprisingly jumped. Future contracts on the S&P 500 expiring in September added 0.4% to 1,695 at 7:31 a.m. in New York, after the underlying index slipped 0.2% […]
Read moreJuly 24, 2013 12:13 pm
Daimler AG, the producer of luxury Mercedez branded cars, posted significant gains in second-half earnings as the European auto market bottoms out and new models spur demand. The German automaker hinted a recovery in the West European car market later this year as it reported a big jump in its second-quarter net profit as it […]
Read moreJuly 24, 2013 8:36 am
AT&Ts operating costs were higher, mainly in mobile operations, which was the main reason for the held back second-quarter profits at AT&T, the largest US telecoms group, which added a net 551,000 monthly contract customers in the quarter, up from 320,000 gained in the same period last year. Many of the contract customers added by […]
Read moreJuly 24, 2013 7:31 am
Apple prove wrong skeptics who suggested that the best years of smartphone growth were behind it, as iPhone sales beat expectations, despite a sharp drop in third-quarter earnings. The tech giant explained that price cuts and better distribution network helped iPhone 4 version of the flagship smartphone to outperform its rival Samsung Galaxy S4. Sales […]
Read moreJuly 24, 2013 6:39 am
The Standard & Poor’s 500 Index slightly declined, cutting a four straight day streak, as investors were focused on corporate earnings amid speculation on when the Federal Reserve may scale back its asset purchases. The Dow gained 22.19 points, or 0.1%, to 15567.74, beating a July 18 record high. The Standard & Poors 500-stock index, […]
Read more