January 2, 2014 7:43 am
In the past year a few brave investors scored huge, market-beating wins. That includes a trader who made more than $100 million from a $10 million bet against gold. A hedge fund that gained 42% after a bullish wager on stocks. A firm that saw returns of 48% thanks in part to soaring Japanese stocks. […]
Read moreDecember 31, 2013 11:06 am
The Dow Jones Industrial Average rose, reaching an all-time closing high and headed toward its biggest annual gain since 1996. The Dow added 26 points, or 0.2%, to 16504, setting a record for the 51st time this year. The index has climbed in nine of the past 11 sessions. The S&P 500 fell less than […]
Read moreDecember 30, 2013 12:33 pm
U.S. stock-index futures remained almost unchanged, after the Standard & Poor’s 500 Index advanced for a second week, heading toward its biggest annual gain since 1997. Futures on the Standard & Poor’s 500 Index expiring in March fell less than 0.1% to 1,836.30 at 12:04 p.m. in London. The S&P 500 climbed to a record […]
Read moreDecember 30, 2013 9:53 am
Sanofi missed US regulatory approval for its multiple sclerosis drug Lemtrada, as the company’s ambitions of capturing a larger share of the $20 billion market for the disease, evaporated. The US Food and Drug Administration said Sanofi’s Genzyme unit didnt submit evidence from “adequate and well-controlled studies” showing that the benefits of Lemtrada outweigh its […]
Read moreDecember 30, 2013 8:43 am
Walmart’s international expansion of its Sam’s Club chain, which in China targets increasingly rich customers in the country’s largest cities, is a key part of the US retailer’s strategy to offset stagnant sales in its home market. This is part of Walmart’s efforts to accelerate its business in China, where it has had a poor […]
Read moreDecember 30, 2013 7:49 am
Audi’s flagship car showroom in London seems empty at a first glance and one may conclude it needs a few more cars inside. A single two-seater R8 Spyder sports car, the brand’s most exclusive model, sits alone in the shop’s window. Instead of half a dozen other cars wedged in around the store as would […]
Read moreDecember 29, 2013 12:55 pm
General Motors Cos China joint venture will recall close to 1.5 million vehicles due to a defect with the fuel pump brackets, in one of the largest safety recalls in the worlds biggest auto market. Right after the news was released, GM shares slipped 1.4%. Analysts said the issue hasnt resulted in any known accidents […]
Read moreDecember 28, 2013 1:45 pm
US stocks declined, driving the Standard & Poor’s 500 Index to a smaller weekly gain, after benchmark indexes rallied to all-time highs yesterday amid optimism over the economic recovery. Despite the drop US stocks rose for a second straight week, as data from durable goods to housing and employment fueled optimism that the world’s largest […]
Read moreDecember 27, 2013 11:37 am
US stocks advanced yesterday, extending gains to a sixth consecutive day as Dow Jones pushed to record highs amid positive labor market data. The S&P 500 index rose 8.70 points, or 0.5%, to 1842.02, and the Nasdaq Composite Index added 11.76 points, or 0.3%, to 4167.18. The Dow Jones Industrial Average climbed 122.33 points, or […]
Read moreDecember 26, 2013 10:45 am
Both companies, Volkswagen AG and General Motors are surpassing their targets to deliver more than 3 million automobiles in China this year. The German automaker is pointed to sell more vehicles in China than General Motors Co. for the first time in nine years, regaining its place as the biggest foreign carmaker in the world’s […]
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