Stock News

European stocks sank following Italian market retreat

European stocks struggle today as the U.S. faced the first government shutdown in 17 years and Italian Prime Minister Enrico Letta fought to save his administration. Asian shares and U.S. index futures also retreated. The Stoxx Europe 600 Index fell 0.7% to 310.02 at 8:05 a.m. in London. The gauge has still advanced 4.3% in […] Read more

GM’s revamped pick-ups exceed sale expectations

General Motors Co, is introducing its first redesigned pickups since 2006, and can’t keep up with outstanding demand of the most popular versions of its new Chevrolet Silverado and GMC Sierra, according to three people familiar with the effort. The difficulties came from the demand for the trucks exceeding a supplier’s ability to produce certain […] Read more

McLaren’s hopes for growth put in Asian markets

British high-end car manufacturer McLaren will break even this year ahead of an expansion which takes place in Asia and higher-volume segments as it aims to more than double its annual sales. The car-maker, famous for its million-dollar sports cars such as the P1, quadrupled its sales last year and is betting on rising Chinese […] Read more

US stock index futures fell amid possible budget shutdown

U.S. stock-index futures retreated significantly for a second day as politicians could not reach an agreement over the federal budget, threatening a U.S. government shutdown starting tomorrow. Standard & Poor’s 500 Index futures expiring in December dropped 0.8% to 1,675.20 as of 7:28 a.m. in London, heading for the lowest close in three weeks. Future […] Read more

US stock-index futures point lower amid budget concerns

U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index will continue its fall after a short raise yesterday, amid concern the budget impasse will hurt economic growth in the world’s largest economy. S&P 500 futures expiring in December retreated 0.4% to 1,685.1 at 7:06 a.m. in New York. The index has declined 0.7% […] Read more

Nokia brings new devices in October, “Sirius” to be unveiled

Nokia Corp. plans to present six new mobile devices including its first tablet at an October event in Abu Dhabi, which would be its first major product launch since announcing a deal to sell its devices unit to Microsoft Corp., according to people familiar with the plan. The product blitz to be unveiled in Abu […] Read more

Nike embraces strong demand, profit rose 38%

Nike Inc.s fiscal first-quarter earnings rose 38% as revenue for the athletic-gear giants brand posted revenue growth in its main brand and wider margins. Shares were up 6.1% at $74.66 in after-hours trading as Nikes earnings beat Wall Street estimates expectations. Nike, whose stock debuted on the Dow Jones Industrial Average this week, has benefited […] Read more

US stocks rose after positive jobless data offset GDP

U.S. stocks rose, halting the longest slump this year for the Standard & Poor’s 500 Index, as an larger than forecast drop in jobless claims overshadowed slightly negative GDP data. The S&P 500 rose 0.3% to 1,698.67 at 4 p.m. in New York, extending its third-quarter rally to 5.8%. The Dow Jones Industrial Average climbed […] Read more

US stock index futures advance after 5 days of S&P 500 losses

U.S. stock-index futures rose, signaling the Standard & Poor’s 500 Index will rebound from its longest losing streak this year, as investors awaited data on jobs and home sales to assess the pace of the economic recovery. S&P 500 futures expiring in December rose 0.1% to 1,689 at 11:50 a.m. in London. The benchmark gauge […] Read more

Automobile industry dominates innovator’s list

Car manufacturers are competing with technology companies for the global innovation industry, boosting research spending to build greener, smarter and more connected cars. Emission curbs, efficiency rules, the rise of the connected car and increased competition from non-traditional rivals such as Tesla and Google are all forcing automotive engineers into the labs and sending research […] Read more