October 9, 2013 11:51 am
Walmart, the world’s largest retailer by sales, is parting from its troubled Indian joint venture with Bharti Enterprises in the aftermath of a series of regulatory investigations and concerns over international investment rules for the country’s retail sector. WalMart, the worlds largest retailer, will take over its Indian partners 50% stake in Bharti Wal-Mart Pvt […]
Read moreOctober 9, 2013 11:15 am
U.S. stock-index futures advanced, suggesting the Standard & Poor’s 500 Index will rebound from the biggest two-day decline since June, as Janet Yellen was picked to lead the Federal Reserve and earning season started with Alcoa reporting better-than-estimated profit. S&P 500 futures expiring in December climbed 0.4% to 1,656.5 at 11:39 a.m. in London. The […]
Read moreOctober 9, 2013 8:21 am
Microsoft’s $7.2 billion worth team up with Nokia Oyj handset business is failing to win over the software developers who are extremely important to its success. Interviews among more than a dozen developers show that the odds remain stacked against Microsoft. Developers pointed out that while Nokia’s handset business gives Microsoft a ready pipeline of […]
Read moreOctober 9, 2013 7:07 am
U.S. stocks tumbled, causing the Standard & Poor’s 500 Index its biggest two-day loss since June, as concern among investors grew that a deadlock among U.S. lawmakers over the debt limit could be taken to a government default. The S&P 500 fell 1.2% to 1,655.45 at 4 p.m. in New York, the lowest since Sept. […]
Read moreOctober 8, 2013 1:20 pm
European stocks fell for a second day in a row as investors closely followed the start of the U.S. earnings-reporting season and efforts to end a government shutdown in the world’s largest economy. U.S. index futures were little changed, while Asian shares advanced. The Stoxx Europe 600 Index slipped 0.4% to 308 at 11:57 a.m. […]
Read moreOctober 8, 2013 11:20 am
U.S. stock-index futures fluctuated around 0% change as investors waited for the beginning of the earnings-reporting season and weighed the impact of the government shutdown. Futures on the Standard & Poor’s 500 Index expiring in December rose less than 0.1% to 1,668.3 at 7:09 a.m. in New York. The benchmark gauge for U.S. equities slumped […]
Read moreOctober 8, 2013 11:00 am
Vodafone is preparing to invest as much as $2 billion to buy out minority shareholders in its Indian business, becoming the first company to take advantage of new rules liberalizing foreign ownership of telecoms group in Asia’s third-largest economy. The telecom giant group will file an application this month to India’s foreign investment promotion board, […]
Read moreOctober 8, 2013 7:01 am
Alcatel-Lucent SA plans to reduce staff by 10,000 as Chief Executive Officer Michel Combes implements strategy with cost cuts to turn around the unprofitable network-equipment maker, two people with knowledge of the matter said. The cuts would represent about 14% of Alcatel-Lucent’s workforce worldwide. The equipment maker will reduce its staff by about 15,000 jobs […]
Read moreOctober 8, 2013 6:24 am
U.S. stocks declined, with the Standard & Poor’s 500 Index dropping to the lowest level in a month, as lawmakers remained in disagreement over extending the nation’s debt limit to avoid a default. The S&P 500 fell 0.9% to 1,676.12 at 4 p.m. in New York, the lowest since Sept. 9. The Dow Jones Industrial […]
Read moreOctober 7, 2013 2:22 pm
European stock indexes dropped to lowest levels in almost a month as US House speaker John Boehner dismissed a possibility of clean passing the raise of federal governments debt limit. The Stoxx Europe 600 Index slid 0.7% to 307.6 at 2:27 p.m. in London, its lowest level since Sept. 10. The equity benchmark slipped 0.7% […]
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