October 30, 2013 7:32 am
U.S. stocks jumped, with Standard & Poors 500 benchmark index climbing to record, as earnings beat estimates and data indicating slower growth assured investors that the Federal Reserve will maintain stimulus program. The Standard & Poor’s 500 Index added 0.6% to 1,771.95 at 4 p.m. in New York, hitting its third straight record. The Dow […]
Read moreOctober 29, 2013 2:08 pm
The core business of the freshly transformed Nokia – Nokia Solutions and Networks (NSN) reported lower than expected sales and profits as the Finnish company assured the telecom gear producing unit would recover next year. NSN, which makes network gear for the telecoms industry, should see its underlying operating profit margin rise from 8.4% in […]
Read moreOctober 29, 2013 12:47 pm
U.S. stock-index futures hesitate today after the Standard & Poors 500 index advanced to a record high as Federal Reserve policy makers began a two-day meeting. S&P 500 futures expiring in December added 0.1% to 1,760.5 at 8:31 a.m. in New York. The benchmark index has climbed in 12 of the past 14 sessions, taking […]
Read moreOctober 29, 2013 10:09 am
SK Hynix, the world’s second-largest memory chip-maker by sales, has reported record operating profit for the second consecutive quarter, as higher chip prices caused by fire in Chinese plant offset lower production. The company reported a 1.16 trillion won ($1.1 billion) operating profit in the three months from July to September, compared with an operating […]
Read moreOctober 29, 2013 9:06 am
The more positive outlook comes despite an 11% drop in full-year net profits and after a year when Apple’s share price fell heavily after hitting an all-time high. The iPhone maker reported a 5% year-on-year decline in earnings to $8.26 per share in its fiscal fourth quarter, beating consensus forecasts at $7.93 per share. Revenues […]
Read moreOctober 29, 2013 7:30 am
U.S. stocks rose, launching the Standard & Poor’s 500 Index to the best annual gain for a decade, as weaker-than-expected economic data fueled hopes the Federal Reserve will maintain stimulus at its meeting. The S&P 500 rose 0.1% to 1,762.11 at 4 p.m. in New York. The benchmark index has increased 23.6% this year, which […]
Read moreOctober 28, 2013 3:23 pm
Merck & Co., the second-biggest U.S. drug-maker updated its full-year forecast as the company continues an overhaul of its sales and research operations. Chief Executive Officer Ken Frazier said he is looking at whether Whitehouse Station, New Jersey-based Merck’s animal health and consumer businesses, as well as its drug projects, might be divested. “A company […]
Read moreOctober 28, 2013 12:01 pm
U.S. stock index futures remain little changed, pointing to a higher open of the Standard & Poors 500 Index which would most likely extend to a new record as investors focus their attention on industrial-output and housing data before the Federal Reserve’s policy meeting. Futures on the S&P 500 expiring in December gained 0.1% to […]
Read moreOctober 28, 2013 9:40 am
European stock markets traded mostly higher today, supported by the latest round of quarterly earnings and expectations that the U.S. Federal Reserve will delay tapering its asset purchases. Investors remain focus on U.S. data on industrial production and pending home sales. The FTSE 100 added 6.85 points, or 0.1%, to 6,728.19 at 9:00 a.m. in […]
Read moreOctober 28, 2013 9:11 am
Apple Incs iPhone sales and revenue forecasts, are due to be released today. The data may support concerns that companys low-cost 5C model missed the mark or it could provide information that the worlds largest tech company can continue its run of hit products. Signs have showed that demand for the cheaper model is lagging […]
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