Stock News - Part 566

Microsoft partnership with Nokia struggles to attract apps

October 9, 2013 8:21 am

Microsoft’s $7.2 billion worth team up with Nokia Oyj handset business is failing to win over the software developers who are extremely important to its success. Interviews among more than a dozen developers show that the odds remain stacked against Microsoft. Developers pointed out that while Nokia’s handset business gives Microsoft a ready pipeline of […] Read more

US stock retreat as tech shares decline

October 9, 2013 7:07 am

U.S. stocks tumbled, causing the Standard & Poor’s 500 Index its biggest two-day loss since June, as concern among investors grew that a deadlock among U.S. lawmakers over the debt limit could be taken to a government default. The S&P 500 fell 1.2% to 1,655.45 at 4 p.m. in New York, the lowest since Sept. […] Read more

European stocks retreat as investors focus on US government shutdown

October 8, 2013 1:20 pm

European stocks fell for a second day in a row as investors closely followed the start of the U.S. earnings-reporting season and efforts to end a government shutdown in the world’s largest economy. U.S. index futures were little changed, while Asian shares advanced. The Stoxx Europe 600 Index slipped 0.4% to 308 at 11:57 a.m. […] Read more

US stock-index futures hesitate

October 8, 2013 11:20 am

U.S. stock-index futures fluctuated around 0% change as investors waited for the beginning of the earnings-reporting season and weighed the impact of the government shutdown. Futures on the Standard & Poor’s 500 Index expiring in December rose less than 0.1% to 1,668.3 at 7:09 a.m. in New York. The benchmark gauge for U.S. equities slumped […] Read more

Vodafone bets on India subsidiary, amid liberalised telecoms rules

October 8, 2013 11:00 am

Vodafone is preparing to invest as much as $2 billion to buy out minority shareholders in its Indian business, becoming the first company to take advantage of new rules liberalizing foreign ownership of telecoms group in Asia’s third-largest economy. The telecom giant group will file an application this month to India’s foreign investment promotion board, […] Read more

Alcatel-Lucent to diminish cost as cutting more than 10,000 jobs

October 8, 2013 7:01 am

Alcatel-Lucent SA plans to reduce staff by 10,000 as Chief Executive Officer Michel Combes implements strategy with cost cuts to turn around the unprofitable network-equipment maker, two people with knowledge of the matter said. The cuts would represent about 14% of Alcatel-Lucent’s workforce worldwide. The equipment maker will reduce its staff by about 15,000 jobs […] Read more

US stocks continue its fall amid default concern

October 8, 2013 6:24 am

U.S. stocks declined, with the Standard & Poor’s 500 Index dropping to the lowest level in a month, as lawmakers remained in disagreement over extending the nation’s debt limit to avoid a default. The S&P 500 fell 0.9% to 1,676.12 at 4 p.m. in New York, the lowest since Sept. 9. The Dow Jones Industrial […] Read more

European stocks slumped as Republicans continue to press on health-care changes

October 7, 2013 2:22 pm

European stock indexes dropped to lowest levels in almost a month as US House speaker John Boehner dismissed a possibility of clean passing the raise of federal governments debt limit. The Stoxx Europe 600 Index slid 0.7% to 307.6 at 2:27 p.m. in London, its lowest level since Sept. 10. The equity benchmark slipped 0.7% […] Read more

US stock-index futures slid amid negotiations to extend debt limit

October 7, 2013 1:26 pm

U.S. stock-index futures sank, pointing out to lower opening of the Standard & Poor’s 500 Index which may extend two weeks of losses, as negotiations to lift up the nation’s debt limit and avoid a default made little progress. S&P 500 futures expiring in December fell 0.8% to 1,671 at 8:56 a.m. in New York […] Read more

Voser leaving Shell after recovering the oil company

October 7, 2013 9:16 am

Peter Voser’s four-year journey as a CFO and CEO in the Royal Dutch Shell hot seat is leaving investors a lot surer of Shell than they were in 2009. As chief financial officer and then as chief executive, Mr Voser helped transform a group that was troubled to its foundations by a reserves accounting scandal […] Read more