October 14, 2013 8:30 am
Apple is expected to release fourth-quarter earnings on Oct. 28. The company said last month, that it estimates sales “to be near the high end of the previously provided range of $34 billion to $37 billion, and expects gross margin to be near the high end of the previously provided range of 36% to 37%”. […]
Read moreOctober 14, 2013 7:01 am
Recovery in U.S. corporate profits this year could be slowing after third-quarter earnings growth decreased and the federal government’s shutdown hindered trade and threatened to impede consumer spending. Payroll taxes weighed on shoppers at retailers such as Wal-Mart Stores Inc., and industrial companies such as Caterpillar Inc. experienced dropping sales with limited options of cost-cutting. […]
Read moreOctober 13, 2013 9:19 am
Investors supported the criticised as underpriced, stock of the Royal Mail on Friday, in one of Britains highest-profile privatizations in years. Shares in the more than 360 years old postal service operator surged by as much as 38% on Friday after debuting on the London Stock Exchange (LSE). As institutions were scrambling to buy shares […]
Read moreOctober 12, 2013 10:13 am
U.S. stocks climbed Friday, with Standard & Poors 500 reaching 20 days highest level, on investors optimism that lawmakers were making progress toward an agreement on raising the debt limit to avoid a default. The Dow Jones Industrial Average gained 111.04 points, or 0.7%, to 15,237.11. The S&P 500 added 10.64 points, or 0.6%, to […]
Read moreOctober 11, 2013 12:29 pm
U.S. stock-index futures remain calm with no sharp changes, following the largest gain since January for the Standard & Poor’s 500 Index, as lawmakers continued talks to raise the government’s debt limit to avoid a default. S&P 500 futures expiring in December advanced 0.1% to 1,686.5 at 7:40 a.m. in New York. Contracts on the […]
Read moreOctober 11, 2013 11:41 am
Toyota Motor Corp. has longly awaited hydrogen car – an alternative to gasoline for powering autos – will soon appeal to consumers with its fuel cell-powered engine. In order to demonstrate the advancement in hydrogen fuel cell technology, Toyota did test drives of a small, prototype sedan in Japan this week. A similar type of […]
Read moreOctober 11, 2013 8:32 am
BlackBerry Ltd. co- founders Mike Lazaridis and his old friend and Douglas Fregin filed paperwork with financial regulators which may lead the way for a takeover bid for the struggling smartphone maker. The two co-founders are considering a joint bid “with the goal of stabilizing and ultimately reinventing the company based on a plan developed […]
Read moreOctober 11, 2013 6:51 am
U.S. stocks surged, as benchmark indexes jumped the most since January, as lawmakers moved toward an agreement to increase the debt ceiling and avoid a default. The Standard & Poor’s 500 Index added 2.2% to 1,692.56 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 323.09 points, or 2.2%, to 15,126.07. Both […]
Read moreOctober 10, 2013 11:19 am
U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will rise for a second day, amid signs the nation’s lawmakers may agree on a compromise deal to avoid a debt default. S&P 500 futures expiring in December rallied 0.9% to 1,662.9 at 7:01 a.m. in New York. The benchmark gauge for U.S. equities […]
Read moreOctober 10, 2013 9:02 am
Earlier this month struggling telecom-gear supplier Alcatel-Lucent said it will lay off 15% of its global workforce. After the statement company made a reaction from French government officials and labor unions were expected to oppose the cost saving policy. Investors also were confused on the move and French officials said they would try to limit […]
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