November 1, 2013 10:06 am
Nissan Motor Co. announced Chief Operating Officer Toshiyuki Shiga would step aside from his position, to a job handling external affairs in implementing management shift as the company struggles with quality issues. Earlier last month Nissan Motor Co said it is recalling 188,302 sport utility vehicles globally, mostly in the United States, to fix faulty […]
Read moreNovember 1, 2013 9:01 am
Google Inc. unveiled the next version of Nexus smartphone on Thursday as well as a new version of its Android mobile operating system under the name of “KitKat”. When it was released last year, the older version – Nexus 4, was one of the best Android smartphones around, having just one drawback – not supporting […]
Read moreNovember 1, 2013 7:43 am
US stocks retreated, confirming preceding trend of index futures, as Standard & Poors 500 Index fell for a second day for the first time in three weeks amid corporate earnings and speculation about Fed paring its bond purchasing program till the end of the year. The S&P 500 dropped 0.4% to 1,756.54 at 4 p.m. […]
Read moreOctober 31, 2013 1:37 pm
Royal Dutch Shell reported its profits for the third quarter were $4.5 billion, 32% down from last years $6.5 billion, due to weakness in its refining division, lower oil and gas production and higher costs. Earnings also reflected the impact of the challenging environment in Nigeria. According to the company, this was partly offset by […]
Read moreOctober 31, 2013 12:20 pm
U.S. stock-index futures fell, signaling the Standard & Poor’s 500 Index will post the first two consecutive days of losses in more than 20 days, as investors focused on jobs data and corporate earnings. Futures on the S&P 500 expiring in December declined almost 0.2% to 1,757.5 at 8:05 a.m. in New York. The benchmark […]
Read moreOctober 31, 2013 10:51 am
Sony Corp. cut its profit outlook as earnings disappointed analysts estimates amid slower than expected box office receipts and flat demand for TVs and digital cameras. Sonys movie and music businesses have come under criticism from hedge-fund investor Daniel Loeb who called for a spin-off of entertainment division. The group has been falling back from […]
Read moreOctober 31, 2013 9:31 am
US stock indexes sank pushing Standard and Poors 500 Index to record its first drop in more than a week, as investors and analysts were expecting the Fed to downgrade its economic outlook due to budget dispute in Washington earlier this month that caused a government shutdown. The S&P 500 index fell 8.64 points, or […]
Read moreOctober 31, 2013 8:59 am
Facebook reported third-quarter sales that topped analysts’ estimates as marketers spent more on ads targeting smartphone and tablet users. Companys CFO assured yesterday on a conference call that news feed ads wont increase significantly. After shareholder meetings earlier this year CEO Mark Zuckerberg was pressed to raise the profitability of the worlds largest social network. […]
Read moreOctober 30, 2013 1:43 pm
Chrysler Group, the U.S. automaker controlled by Fiat SpA, said third-quarter profit rose 22% on higher demand for Jeep Grand Cherokee, Wrangler sport-utility vehicles and Ram pickups. Net income climbed to $464 million from $381 million a year earlier, the Auburn Hills, Michigan-based automaker said in a statement today. Sales advanced 13% to $17.6 billion. […]
Read moreOctober 30, 2013 12:23 pm
US stock index futures gained today as investors focus on policy statement from the Federal Reserve and looked toward economic data, including the ADP jobs report and inflation figures, to predict when Fed will reduce stimulus. Earnings from General Motors Co. and Facebook Inc. would also be of a great influence to stock markets today. […]
Read more