October 18, 2013 8:08 am
The third-quarter results on Thursday comfortably exceeded expectations and produced a surge in investor enthusiasm as advertising is pushing company forward while mobile segment is yet to record its peak. Shares of the tech giant rose 8% in after-market trading reaching new record levels and bringing price $40 away from breaking through the $1,000 barrier […]
Read moreOctober 18, 2013 6:56 am
U.S. stocks advanced, pushing the Standard & Poor’s 500 Index to a new record high, amid speculation grew that the Federal Reserve will maintain the pace of stimulus and as companies release their earnings for the third quarter. S&P 500 pulled up to a fresh record, as many investors evaluate damage done to the U.S. […]
Read moreOctober 17, 2013 12:56 pm
Goldman Sachs Group Inc., the world’s most profitable securities firm before the financial crisis, reported earnings that beat analysts’ expectations despite falling revenue. Third-quarter net income rose to $1.52 billion, or $2.88 a share, from $1.51 billion, or $2.85, a year earlier, the financial institution said today. Chief Executive Officer Lloyd C. Blankfeins strategy of […]
Read moreOctober 17, 2013 11:55 am
U.S. stock-index futures retreated after the Standard & Poor’s 500 Index closed near a record levels after Congress agreed to lift the debt limit, while companies keep posting third quarter earnings. S&P 500 futures expiring in December slid 0.1% to 1,711.0 at 7:44 a.m. in New York despite vote of Congress to halt the 16-day […]
Read moreOctober 17, 2013 8:53 am
As of right now Apple is the dominant company producing tablets with market share around 32% by unit shipments in the second quarter, according to market trackers IDC. However, that represents a massive jolt comparing it to the 60% company had a year earlier. The previous version of iPad mini now makes up around two-thirds […]
Read moreOctober 17, 2013 6:35 am
U.S. stocks soared, as the Standard & Poor’s 500 Index jumped close to a record, amid lawmakers deal to end the government shutdown and raise the debt ceiling before deadline. The S&P 500 gained 1.4% to 1,721.54 till 4 p.m. in New York. The Dow Jones Industrial Average gained 205.82 points, or 1.4%, to 15,373.83. […]
Read moreOctober 16, 2013 2:29 pm
As many companies in the business, when things are moving slowly at home, looking for new markets is a priority. French food group Danone has focused on emerging markets in recent years to offset the environment back home. The company said it lowered full-year forecast on Wednesday amid the recall of baby milk products in […]
Read moreOctober 16, 2013 12:12 pm
U.S. stock-index futures soared, arguing that the Standard & Poor’s 500 Index will move up after declining significantly yesterday, as lawmakers planned to resume talks and even vote on raising the debt limit before tomorrow’s deadline. S&P 500 futures expiring in December added 0.4%t o 1,699.0 at 12:37 a.m. in London. The benchmark index lost […]
Read moreOctober 16, 2013 9:37 am
Infiniti, is a high-end brand subsidiary of Nissan. It was founded in 1989 but revamped as a global brand last year, focused on innovation and younger drivers, as well as a conscious effort to distance itself from its Japanese parent company. It aims to overtake the likes of Toyota’s Lexus, Honda’s Acura and Hyundai’s Genesis […]
Read moreOctober 16, 2013 7:58 am
Investors welcomed Yahoo Incs plans to keep a larger than expected stake in Chinese e-commerce company Alibaba Group Holding Ltd, ignoring the slowing growth of its core online advertising business. The California-based internet company, said it believed in the “long-term potential and value of Alibaba”. Yahoo rose around 1% to $33.70 in after-hours trading as […]
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