Stock News

US stocks higher despite weak housing data, Fed tapering

U.S. stocks rose despite weaker than expected economic data and Nasdaq three-hour trading halt on Thursday due to a computer error. Investors are speculating on when Fed would begin reducing bond purchases as economy gains momentum. The Standard & Poor’s 500 Index added 0.39% to 1,663.50 on Friday at 4 p.m. in New York. The […] Read more

CEO Ballmer to leave Microsoft in 12 months

Microsoft informed that Steve Ballmer would most likely retire as its chief executive within the next 12 months, sending its stock soaring by more than 7% in early trading. Bill Gates, Microsofts founder and chairman, will form part of the succession planning committee to find his replacement. “There is never a perfect time for this […] Read more

US stock index futures slightly negative before data

US stock index futures were almost changed, following a Nasdaq Stock Market halt yesterday that affected thousands of stocks, as investors focus their attention on a report on sales of new houses. Standard & Poors 500 futures expiring next month slipped 0.14% to 1,653.1 at 6:52 a.m. in New York, after earlier rising as much […] Read more

Yahoo beats Google in US traffic

For the first time in more than five years, Yahoo sites were the most visited in the country in July, according to a monthly report from ComScore, which tracks unique visitors to U.S. properties across the Web. ComScore released its monthly report on the top 50 US Internet properties Wednesday, and it listed Yahoo at […] Read more

Moody’s warned of bank rating cuts

Moody’s indicated that it could cut the credit ratings of the six biggest US banks, saying they might be not protected by federal government if they got into trouble in the future. Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo could be downgraded, the rating agency said on Thursday. The ratings of Bank of […] Read more

US stocks rose after jobs data, computer breakdown hurts Nasdaq

U.S. stocks rose on data showing improvement in global manufacturing and the American labor market amid a three-hour trading halt on the Nasdaq Stock Market after a computer error. The Standard & Poor’s 500 Index added 0.9% to 1,656.96 at 4 p.m. in New York. The Dow Jones Industrial Average rose 66.19 points, or 0.4%, […] Read more

Kia hit by union protests, stops work in domestic plants

Kia Motors is experiencing losses of hundreds of millions of dollars from a suspension of Saturday production shifts at its domestic plants, as the South Korean car-maker fights to avoid a fruitless pay negotiations with its union. Production was interrupted in March at two of Kia’s three domestic assembly plants, and at all those of […] Read more

US stock index futures rose before jobs data

U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index will rebound from a six-week low, as investors awaited reports on jobless-benefit claims and leading economic indicators. S&P 500 futures expiring in September gained 0.4% to 1,642.5 at 6:38 a.m. in New York. Contracts on the Dow Jones Industrial Average rose 38 points, or […] Read more

Tesla intends to build plants in Europe, Asia

Tesla Motors Inc. Chief Executive Officer Elon Musk stated the electric-car maker intends to add factories in Europe and Asia, trying to expand gains by increasing volume of the planned mass-market battery car. The company this year estimates to make at least 21,000 of its $70,000 Model S premium sedans at its Fremont, California, plant, […] Read more

Shift in fashion trends surprises US clothing chains

Abercrombie & Fitch Co, Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion and arent likely to win back their business anytime soon. as U.S. teen shoppers switch their taste. The “three As” as companies have been called, have long been popular for their cool basics like jeans, hoodies and t-shirts. But […] Read more