October 24, 2013 8:38 am
WalMart, the worlds biggest retailer, is boosting its China business as it is looking for opportunities to raise profitability in a slowing retail sector. WalMart will open up to 110 facilities in China between 2014 and 2016, in addition to the 30 it has already opened this year, it said at a press event in […]
Read moreOctober 24, 2013 7:38 am
Japans Canon Corp, the world largest camera manufacturers, cut its operating profit outlook for a second quarter in a row as a decline in the market for high-end cameras dragged on with a sharper-than-expected slowdown in emerging markets. Net income of the company will probably amount to 240 billion yen ($2.5 billion) for the year […]
Read moreOctober 24, 2013 6:28 am
U.S. stocks retreated, snapping the Standard & Poor’s 500 Index five-day rally, as forecasts at companies from Caterpillar Inc. to Broadcom Corp. disappointed investors. The S&P 500 fell 0.5% to 1,746.38 at 4 p.m. in New York. The Dow Jones Industrial Average lost 54.33 points, or 0.4% to 15,413.33. About 6.6 billion shares changed hands […]
Read moreOctober 23, 2013 12:01 pm
U.S. stock-index futures fell, suggesting the Standard & Poor’s 500 Index will retreat from a record levels after five days of gains, amid disappointing non-farm payrolls and weak corporate earnings of networking equipment makers. Non-farm payrolls rose by 140,000 which came short of the expectations for 180,000. However unemployment rate fell to 7.2% from estimated […]
Read moreOctober 23, 2013 9:09 am
Ebay Inc. is acquiring a same-day courier service based in London and revamping its own website as it seeks to compete against Amazon and Walmart and give itself a social media profile right before holiday season starts. The amount of the deal is still undisclosed. The e-commerce group is buying Shutl, a four-year-old start-up with […]
Read moreOctober 23, 2013 8:03 am
Apple is not stepping down from its core strategy and consolidates the iPad’s position at the high end of the tablet market in the face of competition from lower-cost rivals and new entrants such as Nokia, by putting a greater emphasis on software and distribution channels. Tim Cook, CEO of Apple, unveiled a new iPad […]
Read moreOctober 23, 2013 6:52 am
US stocks advanced to new heights as slower growth in hiring will reflect on Federal Reserve stimulus reduction and took the annual advance in the Standard & Poor’s 500 Index within a percentage point of the best yearly gain in a decade. The S&P 500 added 0.6% to 1,754.67 at 4 p.m. in New York […]
Read moreOctober 22, 2013 11:47 am
U.S. stock-index futures remain almost unchanged similar to yesterday levels as investors awaited employment data to define the possible timing of a cut in Federal Reserve bond purchases. S&P 500 futures expiring in December slipped less than 0.1% to 1,737.4 at 7:47 a.m. in New York after the gauge closed at a record yesterday. The […]
Read moreOctober 22, 2013 11:26 am
Nokia Oyj, presented its first products since sell-off of its handset business to Microsoft Corp., showed a tablet and smartphones in an attempt to revive demand. The products are an expansion to the line of Windows-based devices and signal the type of features that Microsoft will bet on in its hardware push after its first […]
Read moreOctober 22, 2013 9:08 am
PSA Peugeot Citroen has turned its focus on a plan for a capital increase of at least 3 billion euros ($4.1 billion), in which Dongfeng and France may take equal stakes of about 20%. Talks are making slow progress, said the people, who asked not to be identified. The goal is for a deal by […]
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