July 17, 2013 6:55 am
US stocks fell putting to an end a the longest advance of S&P 500 since the beginning of the year. Coca-cola earnings report disappointed and its shares dropped 1.9% as the beverage company said reports missed estimates amid slowing economic growth in China and Europe. The S&P 500’s decline accelerated after Fed Bank of Kansas […]
Read moreJuly 16, 2013 12:55 pm
A component made by Honeywell supplier of Boeing for the production of 787 models aircraft, is coming under scrutiny in an investigation into the fire at Heathrow airport last Friday. The Ethiopian Airlines Dreamliner was reported from Heathrow empployee of sparks inside of the plane on Friday last week. Some analysts quickly remembered the incidents […]
Read moreJuly 16, 2013 10:45 am
U.S. stock-index futures were little changed but still in green zone before Consumer Price Index data that may show industrial production rose in June and as investors awaited quarterly earnings from companies including Coca-Cola Co. and Goldman Sachs Group Inc. Futures on the Standard & Poor’s 500 Index expiring in September advanced less than 0.1% […]
Read moreJuly 16, 2013 10:16 am
One of the worlds biggest vintners experienced a big loss from poor U.S. sales, leading it to destroy thousands of gallons of wine due to wines prime has expired. Treasury Wine Estates, the Australian based wine-maker and distributor said it would book a loss of 160 million Australian dollars ($145 million) against its U.S. business […]
Read moreJuly 16, 2013 9:01 am
It didnt happen by chance that the main movie character from the hit “Iron Man” is a prototype of Teslas CEO Elon Musk – billionaire industrialist. The chief executive has aimed to revolutionize transportation and that could only be done by a engineer, tinkerer and entrepreneur. “I don’t spend my time pontificating about high-concept things; […]
Read moreJuly 16, 2013 7:34 am
The number of new car registrations in Europe continued to fall in June, braking hopes they had already reached rock bottom after a year of losses. June’s sales were the lowest since 1996, but were marginally better than a 5.9% slide in May to the lowest level for 20 years, a slump that has seen […]
Read moreJuly 16, 2013 7:08 am
US stocks climbed continuing the S&P 500 streak from last week which is the longest since January. Retail sales report issued yesterday showed disappointing numbers and raised speculations about the Fed continuing the bond buying program. However, Citigroup earnings report offset the weak economical data. A better-than-forecast manufacturing report also helped neutralize worse-than-anticipated U.S. retail-sales […]
Read moreJuly 15, 2013 1:48 pm
Citigroup, the third largest US bank reported 42% increase in second-quarter profits which beat analysts forecasts. Citigroup’s capital levels rose sharply after receiving the compensation from the sale of its stake in Smith Barney, the retail brokerage, to Morgan Stanley. The bank reported a ratio of equity to risk-weighted assets of 10% under the new […]
Read moreJuly 15, 2013 12:32 pm
US stock index futures remained almost unchanged today after markets closed high on Friday. Retail sales data is expected to show it rose in June by the most in four months, and after Chinese economic growth matched forecasts. Futures contracts on the Standard & Poor’s 500 Index expiring in September gained 0.17% to 1,680.19 at […]
Read moreJuly 15, 2013 11:57 am
The Volkswagen owned company is among the top high-end sellers surpassing brands like Mercedez and Audi. AutoNation Inc., Penske Automotive Group Inc. and Asbury Automotive Group Inc., three of the largest new-car retailers in the U.S., all have purchased Porsche franchises since 2010. In a period of growing activity for auto-dealership acquisitions, the deals lifted […]
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