August 12, 2013 2:22 pm
BlackBerry Ltd. said it’s considering putting itself up for sale, which is the strongest indication yet that the smartphone maker won’t remain independent as competition hurts sales and hammers its stock price. A special board committee will consider ways to boost BlackBerry’s value by exploring options such as joint ventures, partnerships or a sale of […]
Read moreAugust 12, 2013 11:10 am
U.S. stock-index futures retreated, forewarning benchmark indexes will retreat further from a record high after posting their worst weekly losses since June. “It was below my expectations,” Takahiro Sekido, a Tokyo-based strategist at Bank of Tokyo-Mitsubishi UFJ Ltd., told Mark Barton and Anna Edwards on Bloomberg Television, referring to Japan’s quarterly economic growth. “The capital […]
Read moreAugust 12, 2013 8:31 am
A survey of more than 1000 Ryanair captains and first officers has found concerns about the low-cost carrier’s safety culture, and support for an inquiry by regulators. Ryanair, Europe’s largest budget airline by revenue, declined to comment on the survey on Sunday, but said it had an “unblemished 29-year safety record”. The scale of the […]
Read moreAugust 12, 2013 7:35 am
GM has given South Korea plant a great priority as one of its main production hubs after its 2002 purchase of failed local car-maker Daewoo Motors. The country accounts for slightly more than 20% of GMs annual global production of some 9.5 million cars. More than 80% of those GM cars made in the country […]
Read moreAugust 12, 2013 6:49 am
US stocks retreated last week for the most significant decline since June as positive data on trade and service industries triggered concerns of Fed tapering its stimulus program. The Standard & Poor’s 500 Index sank 1.1% to 1,691.42. The Dow Jones Industrial Average lost 232.85 points, or 1.5%, to 15,425.51. Both benchmarks capped their worst […]
Read moreAugust 9, 2013 2:09 pm
South Koreas Samsung Group, through its affiliates, clinched a deal Friday to buy German lighting specialist Novaled AG for 260 million euros ($347 million), in a move highlighting the electronic giants ambition to expand in next-generation technologies. Samsung has been very active towards acquiring small companies with technologies used in consumer electronics. The latest deal […]
Read moreAugust 9, 2013 11:46 am
U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index will extend its biggest weekly retreat in seven weeks as today no major US economic data is due to be issued. Futures on the S&P 500 expiring next month sank 0.4% to 1,687.7 at 6:38 a.m. in New York. The index has declined 0.7% […]
Read moreAugust 9, 2013 11:36 am
Facebook Inc. has been planning for months to enter the highly profitable market for online video ads. As soon as this fall, Facebook plans to launch a video-ad service that will show members 15-second clips on both smartphones and the Web, according to people with knowledge of the matter. Facebook needs the ads to be […]
Read moreAugust 9, 2013 8:53 am
The worlide economic crisis last five years dont seem to reflect in Priceline.coms performance as its stock neared a $1,000 price and a record that was set during the dot-com bubble. Priceline, the largest U.S. online-travel agent by market value, advanced 5.7% to $987.40 in extended trading after reporting second-quarter sales that exceeded analysts’ estimates. […]
Read moreAugust 9, 2013 7:38 am
BlackBerry Ltd is close to the possibility of going private, as the smartphone maker battles to revive its fortunes, several sources familiar with the situation said. Chief Executive Thorsten Heins and the companys board is increasingly coming around to the idea that taking BlackBerry private would give them breathing room to fix its problems out […]
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