July 5, 2013 1:07 pm
US stock futures advanced in pre-market trade today as S&P 500 is pointing toward its second straight week of gains after European Central Bank kept interest rates low and change in non-farm payrolls beat estimates. Futures on the S&P 500 expiring in September gained 0.08% to 1615.41 at 8:51 a.m. in New York. Contracts on […]
Read moreJuly 5, 2013 12:38 pm
Today, HTC posted Q2 profits which were significantly lower than expected from analyst as company experienced some manufacturing delays in Q1. Recently, smartphone markets have shown indications of slowing sales and competitors as Apple and Samsung have been struggling to comply with the bullish market. Revenue was NT$70 billion, or $2.3 billion for the second […]
Read moreJuly 5, 2013 9:39 am
Maserati the exclusive luxury sport car manufacturer is shifting focus towards a lower-end market. This fall the Fiats owned company is going to introduce its Maserati Ghibli – mid-sized sedan priced around $65 000. The Italian subsidiary doesnt hide hopes of stealing market share from established brands such as BMW, Mercedes and Audi. Maserati combines […]
Read moreJuly 5, 2013 7:56 am
European stocks were almost unchanged yesterday as the Stoxx 600 index would probably continue its biggest weekly advance in two months. Future contracts indicate a strong session of positive numbers. Investors wait on data on the American labor market which would be a strong indicator of whether economy is on a strong pattern. For the […]
Read moreJuly 5, 2013 7:03 am
Samsung Electronics missed already adjusted forecasts for earnings in the second quarter on growing concerns that the company may have reached its peak and will struggle to meet bullish expectations. The flagship Galaxy S smartphone is loosing market share as several competitors appeared, after it pushed Samsung to market leadership beating iPhone 5 year hegemony. […]
Read moreJuly 4, 2013 2:30 pm
Temasek, the Singapore-based investment firm owned by countrys government, warned that the unwinding of the US Federal Reserve’s quantitative easing will trigger “a lot of disruption and volatility”. The firm stated concerns of slowing growth: “On the whole, we think the nearer-term outlook is slower growth,” said Chia Song Hwee, head of Temasek’s investment group. […]
Read moreJuly 4, 2013 12:33 pm
European stock advanced offsetting previous two day retreat as investors are following the European Central Bank report decision about financial stimulus program. Adding to that Portugal politicians managed to keep government together after resignation of two of the ministers of coalition. We’ve seen slightly more positive tones out of Portugal in the last hours which […]
Read moreJuly 4, 2013 11:33 am
Yahoo! Inc. continues its spending spree as recently purchased Xobni Corp. a company which develops contact-management software. The purchase is said to be worth $70 million by people with knowledge on the mater as the internet giant is relying on acquisitions to spur growth. Xobni’s software for finding and storing phone numbers and addresses will […]
Read moreJuly 4, 2013 8:52 am
Don Mattrick is the new CEO of the online social game company Zynga. The ex-head of Microsoft XBOX division will replace founder Marc Pincus next week and will get a substantial compensation of $50 million in coming years according to companys statement. In his first year, the newly appointed CEO would receive a total of […]
Read moreJuly 4, 2013 8:00 am
Twitter, the second largest social network site plans to allow advertisers to use databases of users in order to send them promotions only to people who have already shown interest. Those ad techniques has been adopted by Google and Facebook already. If proved successful the advertising stunt would increase Twitter advertising rates without having to […]
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