Stock News

Mercedes leading a trend in autopilot car industry

Earlier this week Nissan said company bets on creating a fully self-driven car which would only require for its passenger to lock the seat belt and enjoy the ride, by 2020. Mercedes a brand owned by Daimler is already implementing some of the technologies easing drivers parking, bumper to bumper traffic, or taking a maneuver […] Read more

US stocks advanced amid positive GDP data

US stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, as data showed the economy expanded at a faster pace in the second quarter and concerns over Syria eased temporarily. The S&P 500 rose 0.2% to 1,638.17 at 4 p.m. in New York, paring an earlier advance of as much […] Read more

Xiaomi adds key Google executive to its team

Google has lost a top executive from its Android management team to fast-rising Chinese smartphone maker Xiaomi, less than six months after the head of the US company’s mobile platform stepped down. The appointment signals Xiaomi’s intention to take on Apple and Samsung Electronics Inc. overseas after building market share by selling handsets priced at […] Read more

US stock index futures slightly advanced before GDP, jobless claims

US stock-index futures were little changed as investors awaited data on gross domestic product and jobless-benefit claims as Syria tensions continue. President Barack Obama made the case on Wednesday for a limited military strike against Syria in response to last weeks chemical weapons attack even as he faced new obstacles with British allies and U.S. […] Read more

Verizon offers $130 billion to buy out Vodafone

Verizon Communications Inc. is in advanced talks to acquire Vodafone Group’s 45% stake in their U.S. wireless venture for about $130 billion, according to people with knowledge of the matter. Verizon is working with several banks to raise $10 billion from each, or enough to finance about $60 billion of a buyout of Verizon Wireless, […] Read more

Sony’s fresh innovation supplies Apple, Samsung phones

Sony’s latest star performer is a chip found in almost every high-end camera and smartphone. Apple’s iPhones 5 and 4S use the chip and so do Samsung’s flagship Galaxy S4 and LG’s G2, according to researchers. The company grabbed almost a third of the $7.6 billion market for low-power sensors that record crisp snapshots. Sony […] Read more

US stocks advanced amid Syria concern

US stocks gained, with the Standard & Poor’s 500 Index rebounding from an eight-week low, as energy shares rallied and investors watched developments on Syria. The S&P 500 rose 0.3% to 1,634.96 at 4 p.m. in New York. The index closed just short of its average level for the past 100 days of 1,638.27, after […] Read more

US stock futures almost unchanged before home sales data, amid UN chemical investigation report from Syria

U.S. stock index futures were little changed, signaling the Standard & Poor’s 500 Index will remain near an eight-week low following a significant drop from yesterdays trading session, as investors awaited data on pending home sales. Standard & Poors 500 futures expiring in September gained less than 0.1% to 1,629.3 at 10:56 a.m. in London, […] Read more

Amazon persuades developers to put ads in mobile applications

Amazon is boosting its presence on mobile apps by offering developers incentives to implement advertisements for its products in their applications, as online shopping via smartphones booms. Under a program announced on Tuesday, app owners can earn a commission fee of up to 6% from Amazon when users buy a product that they have promoted […] Read more

Nissan to produce a self-driving car by 2020

Nissan has took the challenge to launch a car that can drive itself by 2020, provoking a host of car-making rivals and industry newcomers such as Google. The commitment thrusts the Japanese car-maker to the front of a congested race to bring the technology to roads, but will require it to navigate regulatory and legal […] Read more