October 16, 2013 6:34 am
U.S. stocks declined, snapping a four-day rally in the Standard & Poor’s 500 Index, as lawmakers didnt reach to an agreement to extend the government’s borrowing limit less than two days before the deadline. The S&P 500 fell 0.7% to 1,698.06 at 4 p.m. in New York. The Dow Jones Industrial Average declined 133.25 points, […]
Read moreOctober 15, 2013 12:20 pm
Apple hired Burberry Chief Executive Angela Anhrendts as a senior vice president of retail and online stores. The seasoned-industry executive credited with turning around the Burberry brand, should fill a big gap in the Cupertino, California-based tech giants retail operations. The luxury goods group’s chief creative officer, Christopher Bailey will be promoted as new CEO […]
Read moreOctober 15, 2013 11:06 am
US stock-index futures gained a little, signaling the Standard & Poor’s 500 Index might extend a three-week high, as investors are focused on budget talk and corporate earnings. S&P 500 futures expiring in December rose 0.1% to 1,705.9 at 12:04 a.m. in London. The benchmark index reached the highest close since Sept. 19 yesterday as […]
Read moreOctober 15, 2013 9:22 am
European stocks moved up for a fourth consecutive day, amid optimism US leaders will agree on a deal to put to an end the partial government shutdown and avoid a breach of the debt limit. The Stoxx Europe 600 Index rose 0.6% to 314.11 at 9:17 a.m. in London. The gauge has advanced 1.2% in […]
Read moreOctober 15, 2013 7:56 am
Twitter Inc. is using its growing popularity and the intense competition among banks for Internet deals to receive unusually favorable terms from the firms that will take it public. The fees banks are set to collect for selling the shares would be the lowest percentage paid on a U.S.-listed IPO since Facebook, according to Ipreo, […]
Read moreOctober 15, 2013 6:38 am
U.S. stocks advanced, pushing S&P 500 near record levels, on speculation Republicans and Democrats would reach to an agreement before the government loses its ability to borrow money in three days. The S&P 500 rose 0.4% to 1,710.14 at 4 p.m. in New York, reversing an earlier drop of as much as 0.7% for a […]
Read moreOctober 14, 2013 2:25 pm
U.S. stock-index futures declined, snapping a weekly gain for equities, as lawmakers continued debates over spending and borrowing plans only three days before the government reaches its debt ceiling. Standard & Poor’s 500 Index futures expiring in December fell 0.7% to 1,687.2 at 13:00 p.m. in London. The equities gauge rose 0.8% last week amid […]
Read moreOctober 14, 2013 11:03 am
Today, the auto maker officially opens a $200 million metal-processing plant compatible to the Arlington factory that reduces that travel from Ohio to Texas to about 20 feet. Around $40 million a year in shipping costs would be saved from the move, according to the company. The new plant, is part of a broader strategy […]
Read moreOctober 14, 2013 8:30 am
Apple is expected to release fourth-quarter earnings on Oct. 28. The company said last month, that it estimates sales “to be near the high end of the previously provided range of $34 billion to $37 billion, and expects gross margin to be near the high end of the previously provided range of 36% to 37%”. […]
Read moreOctober 14, 2013 7:01 am
Recovery in U.S. corporate profits this year could be slowing after third-quarter earnings growth decreased and the federal government’s shutdown hindered trade and threatened to impede consumer spending. Payroll taxes weighed on shoppers at retailers such as Wal-Mart Stores Inc., and industrial companies such as Caterpillar Inc. experienced dropping sales with limited options of cost-cutting. […]
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