August 2, 2013 1:07 pm
Toyota nearly doubled its net profit in the quarter to June despite a slight drop in the number of cars it sold, as a weaker Japanese currency helped the increase the yen value of its foreign earnings. The world’s biggest car-maker said on Friday that profit in the first quarter of its accounting year jumped […]
Read moreAugust 2, 2013 11:42 am
U.S. stock-index futures were almost unchanged, after the Standard & Poor’s 500 Index climbed to a record yesterday, as investors awaited an employment report to evaluate whether policy makers will reduce their bond-buying program. S&P 500 futures expiring next month added 0.13% to 1,700.5 at 12:33 a.m. in London before a report that may show […]
Read moreAugust 2, 2013 7:39 am
Google will present the Motorola Moto X smartphone today, its latest attempt to leapfrog Apple’s iPhone – this time with a device containing bunch of sensors and processors that will allow the phone to anticipate users next move. The Moto X would cost around $200 when it goes on sale later this month with the […]
Read moreAugust 2, 2013 6:37 am
U.S. stocks rose, sending the Standard & Poor’s 500 Index above 1,700 for the first time, after central banks vowed to maintain stimulus and manufacturing data exceeded estimates. The S&P 500 rose 1.3% to 1,706.87 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 128.48 points, or 0.8%, to a record 15,628.02. […]
Read moreAugust 1, 2013 2:36 pm
Ford Motor Co., Chrysler Group and Nissan Motor Co. reported U.S. sale gains for July as the industry’s continued recovery. Chrysler has surprised by its US sales, which saw a 10% jump, both bettering the industry average of 8% and improving over the same stretch of 2012. Ford Motor Companys U.S. sales for July increased […]
Read moreAugust 1, 2013 11:18 am
U.S. stock-index futures advanced, following the Standard & Poor’s 500 Index’s biggest monthly gain since January, as investors awaited data on manufacturing and jobless claims. S&P 500 futures expiring in September rose 0.7% to 1,692.7 at 10:37 a.m. in London. The benchmark index for U.S. shares slipped less than 0.1% yesterday as the Federal Reserve […]
Read moreAugust 1, 2013 9:19 am
Royal Dutch Shell reported “disappointing” second-quarter profits of $4.6 billion, well below market estimates, reflecting currency effects, rising costs and the worsening situation in Nigeria. Investors reacted to the news, leaving the shares down 4.4% in early London trading at £21.40. The company’s US exploration and production business recorded a loss for the quarter, underlining […]
Read moreAugust 1, 2013 8:03 am
Herbalife shares advanced to a new 1 year high yesterday after news that billionaire investor George Soros had taken a large stake in the nutritional supplement seller. Last month the $13 billion hedge fund run by Bill Ackman, has called Herbalife a fraudulent pyramid scheme and placed a billion-dollar bet against the value of its […]
Read moreAugust 1, 2013 6:44 am
U.S. stocks erased an earlier gains after the Federal Reserve didnt indicate when it will reduce the pace of stimulus. Data issued yesterday showed the economy grew more than projected in the second quarter. The S&P 500 lost less than 1 point to 1,685.73 at 4 p.m. in New York. The benchmark gauge gained 5% […]
Read moreJuly 31, 2013 2:05 pm
McDonald’s Corp. and its franchisees would have to pay more than $8 billion a year in the United States, for its workers to collect a raise from current wages to the $15 per hour demanded by workers striking in seven cities. The sum needed seems just as huge for Yum! Brands Inc., owner of KFC, […]
Read more
