November 15, 2013 2:14 pm
BMW (Bayerische Motoren Werke AG) will use the carbon fiber material for the passenger frame of the i3 electric car, which goes on sale at dealers in Germany tomorrow and will soon be available worldwide. “Looking forward to 2020, we saw threats to our business model,” Chief Financial Officer Friedrich Eichiner, who was head of […]
Read moreNovember 15, 2013 12:58 pm
Buffetts Berkshire Hathaway revealed on Thursday that on September 30, it grabbed a stake of roughly 40 million ExxonMobil shares. That stake would be worth $3.74 billion at Thursdays closing price. The purchase, disclosed in a regulatory filing yesterday, was partially funded by the sale of $500 million of Berkshire’s shares in Exxon’s rival, ConocoPhillips. […]
Read moreNovember 15, 2013 12:00 pm
US stock index futures advanced, signaling benchmark indexes will extend their run into record territory after Yellen comments toward continuing Fed stimulus policy. Investors focus their attention on recent economic data trying to asses whether Fed will cut back its bond-purchasing program sooner than March 2014. Futures on the Standard & Poor’s 500 Index expiring […]
Read moreNovember 15, 2013 9:41 am
Samsung sold almost three times as many smartphones as rival Apple in the third quarter, according to Gartner research firm, reflecting the South Korean tech giants growing dominance in the increasingly competitive industry. Worldwide, the Korean-based company sold 80,357 smartphones to users, during the three month period from July to September, compared with just 30,330 […]
Read moreNovember 15, 2013 9:00 am
Sony presents to the market The PlayStation 4 console at the right moment for the company as it desperately needs sales boost. Chief Executive Officer Kazuo Hirai, who has made the video-game console the centerpiece of a revised corporate strategy, needs the introduction to pass smoothly. “Gamers are tired of that PS3 that theyve had […]
Read moreNovember 14, 2013 2:33 pm
Wal-Mart Stores Inc., the world’s largest retailer, cut its annual profit forecast for the second time this year as the slow economic recovery and increased competition from dollar stores reflect on sales. Wal-Mart reported a 2.8% rise in its fiscal third-quarter earnings and narrowed its full-year earnings outlook. The worlds largest retailer, said net income […]
Read moreNovember 14, 2013 1:21 pm
The consolidation of global technological companies in the last few years reflects trends such as companies tend to cut supply chain as for an example to produce their own software. Apple has always made its own operating system for the iPhone. Google Inc. acquired Motorola Mobility in 2011 and Microsoft Corp. announced in September its […]
Read moreNovember 14, 2013 12:01 pm
US stock-index futures gained, signaling the Standard & Poor’s 500 Index will extend its all-time high, as Janet Yellens comments let investors speculate that she plans to continue the Federal Reserve’s monetary stimulus. Futures on the S&P 500 expiring in December added 0.2% to 1,781.7 at 11:39 a.m. in London. The S&P 500 and the […]
Read moreNovember 14, 2013 9:51 am
European Aeronautic Defence and Space Company (EADS) reported a strong increase in profit for the third quarter of 2013 compared to same quarter last year, as it declared that development of the European aerospace group’s new A350 passenger jet was progressing as planned. However, EADS third quarter earnings narrowly missed expectations but the company raised […]
Read moreNovember 14, 2013 8:40 am
Many large businesses and government agencies are buyers of Cisco networking equipment, and the companys global reach makes it a closely watched indicator for the worlds economy. Cisco Systems warned its revenues could retreat more than 10% in the current quarter, evoking concerns that the US networking equipment company is stepping backwards amid big technology […]
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