July 18, 2013 3:21 pm
Morgan Stanley reported its second quarter net income almost doubled to $980 million following a jump in demand for trading and investment banking activity. Revenues rose 22% to $8.5 billion in the three months to July. Adjusted earnings per share, which strip out the effect of an acquisition were 45 cents a share – just […]
Read moreJuly 18, 2013 3:04 pm
Natural gas rose more than 4% in early U.S. Trading after the Energy Information Administration said in its weekly report that U.S. natural gas stockpiles rose below expectations last week. On the New York Mercantile Exchange, natural gas for August delivery surged to $3.790 per million British thermal units at 14:57 GMT, up 4.42% on […]
Read moreJuly 18, 2013 2:27 pm
West Texas Intermediate surged above the $107 mark during the early U.S. session as the Labor Department reported a drop in people who filed for unemployment benefits, indicating economic recovery. The Philadelphia Fed Index also surpassed expectations. On the New York Mercantile Exchange, WTI crude for September delivery traded at $107.26 a barrel at 14:12 […]
Read moreJuly 18, 2013 1:47 pm
Walt Disney Co. is removing some benefits such as executive car allowances as the world’s biggest entertainment company looks to further boost profitability. Disney has been reducing costs by cutting hundreds of jobs, closing offices and outsourcing duties like video-game development as it looks to create bigger profit margins and extend a more than doubling […]
Read moreJuly 18, 2013 1:43 pm
US dollar advanced sharply against the euro on Thursday, following the US weekly report, which said initial jobless claims decreased in number more than expected during the past week. EUR/USD plunged to a session low at 1.3070 at 13:05 GMT, after which consolidation followed at 1.3080. Earlier on Thursday the Department of Labor reported that […]
Read moreJuly 18, 2013 1:24 pm
U.S. stock futures slightly advanced, indicating a second day of modest gains for benchmark indexes, as jobless claims fell to a two-month low and investors awaited Federal Reserve Chairman Ben Bernankes testimony. Future contracts on the Standard & Poor’s 500 Index expiring in September gained 0.2% to 1,679.20 at 9:00 a.m. in New York. Contracts […]
Read moreJuly 18, 2013 12:46 pm
Soft futures gained throughout Thursday with sugar hitting a one-week high, while arabica coffee advanced to the highest level since May 20. On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at $0.1628 per pound at 12:30 GMT, up 1.24% on the day. Prices held in range between days high at $0.1629, […]
Read moreJuly 18, 2013 12:37 pm
British pound managed to preserve gained positions against the US dollar, after pulling back from session lows earlier on Thursday, following a report to show UK retail sales increased for a second month in a row during June. GBP/USD recorded a session low at 1.5156 at 7:10 GMT, while at 12:00 GMT the pair was […]
Read moreJuly 18, 2013 12:35 pm
Nokia shares fell as the smart phone maker sold the fewest number of mobile phones in a quarter of eight years as shipments of both top-end smartphones and basic devices disappointed. The sales of 61.1 million mobile devices in second quarter are highly disappointing comparing to analysts average estimated 63.5. That was the lowest number […]
Read moreJuly 18, 2013 12:01 pm
Intel has cut its financial forecasts for the rest of the year after concluding that sluggish PC market would not see the recovery it had been expecting in the second half of 2013. Brian Krzanich, the company’s new chief executive, explained that the world’s biggest chip-maker had been shifting strategy to mobile computing and to […]
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