January 19, 2014 11:34 am
Elon Musk, the co-founder of electric carmaker Tesla Motors Inc., is arguing over semantics with the industry’s regulator, as he moves towards what he calls “a crusade to revolutionize the automobile”. It all began as the U.S. National Highway Traffic Safety Administration last year started investigating battery fires in the $70,000-and-up Tesla Model S sedan […]
Read moreJanuary 18, 2014 10:19 am
U.S. stocks declined, pushing the Standard & Poor’s 500 Index to a weekly loss, amid disappointing corporate earnings. The S&P 500 lost 0.4% at 4 p.m. in New York, as all 10 main industries retreated. The Dow Jones Industrial Average gained 0.3%, as American Express Co. and Visa Inc. rallied. The Stoxx Europe 600 Index […]
Read moreJanuary 15, 2014 7:24 am
US stocks advanced, with benchmark indexes bouncing back from their biggest drops this year, as retail sales climbed more than economists expected in December. The Standard & Poor’s 500 Index added 1.1%, the biggest one-day advance since December 18 after sliding 1.3% yesterday. The Dow Jones Industrial Average rose 115.92 points, or 0.7%, to 16373.86. […]
Read moreJanuary 13, 2014 8:13 am
European stocks rose, recording their first weekly rally of 2014, as investors assessed data that showed the US unemployment rate unexpectedly fell in December while hiring slowed. The Stoxx Europe 600 Index advanced 0.5% to 329.95 at the close of trading, extending its highest level since May 2008. The benchmark rose 0.7% this week as […]
Read moreJanuary 12, 2014 11:25 am
General Motors Co. has presented the second argument of its plan to catch up with Toyota Motor Corp. this year, as it looks to unseat the Japanese auto maker as king of the midsize pickup truck. The 2015 GMC Canyon, believed to be available into showrooms in the third quarter, will be paired with the […]
Read moreJanuary 11, 2014 1:22 pm
US stocks gained, offsetting the Standard & Poor’s 500 Index recent declines, as a weaker-than-estimated jobs report eased concern that the Federal Reserve may accelerate the pace of stimulus cuts. The S&P 500 added 0.2% to 1,842.37 at 4 p.m. in New York, after falling as much as 0.3% earlier in the day. The benchmark […]
Read moreJanuary 10, 2014 7:26 am
US stocks were little changed as most retailers slumped and investors focused on tomorrow’s jobs report for clues to whether the Federal Reserve will accelerate the pace of stimulus cuts. The S&P 500 rose less than 1 point to 1,838.13 at 4 p.m. in New York. The Dow Jones Industrial Average dropped 17.98 points, or […]
Read moreJanuary 9, 2014 2:27 pm
Samsung Electronics Co. announced that it will release its Galaxy S5 smarphone by April 2014, Bloomberg reported earlier today. The company is going to use an eye scanner technology for the first time. This will provide Samsung with the opportunity to compete with the iPhone devices of Apple Inc. In an interview on January the […]
Read moreJanuary 9, 2014 1:51 pm
Facebook Inc. acquired a technology in India, Bloomberg reported earlier. This is part of the companys strategy to make its presence among mobile-device users stronger and to consolidate its positions as the largest social-networking service. Little Eye Labs, which is based in Bangalore, India announced on its website that it had been acquired by Facebook. […]
Read moreJanuary 9, 2014 10:38 am
After Twitter Inc.s rating was reduced on the stock by Morgan Stanley, the companys shares fell 3.9%. The microblogging service is pointed by one of the banks managing the Initial Public Offerting of the company to lose online advertising revenue to larger competitors such as Facebook Inc. After the Initial Public Offering that took place […]
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