September 16, 2013 11:08 am
U.S. stock-index futures and Treasuries rose, and the dollar fell, after Lawrence Summers withdrew from the race to be the next Federal Reserve chairman. Standard & Poor’s 500 Index futures expiring in December added 1.1% to 1,700.3 at 6:02 a.m. in New York. Dow Jones industrial Average also jumped 1.1%. Ten-year Treasury yields dropped seven […]
Read moreSeptember 16, 2013 9:53 am
European stocks rose, extending to a new five-year high, after Lawrence Summers withdrew from consideration as Federal Reserve chairman, paving the way for Janet Yellen, who investors say will favor a slower reduction of stimulus. US and Russia came to an agreement over destroying Syrian chemical weapons. The Stoxx Europe 600 Index rose 0.8% to […]
Read moreSeptember 16, 2013 8:09 am
Apple Inc’s new high-end iPhone is made to be compatible of future products that would soon be released in store from the world’s most-valuable company. A new motion-sensor chip inside the iPhone 5s suggests the appearance of wearable-computing products, while a fingerprint sensor opens more opportunities to make the smartphone a tool for making purchases […]
Read moreSeptember 16, 2013 7:06 am
Asian stocks started the week higher and U.S. futures rose after Larry Summers withdrew his name from consideration for Chairman of the Federal Reserve, relieving investor concerns about faster withdrawal of economic stimulus in the worlds biggest economy. Mr. Summers was pointed to be President Barack Obamas first choice to succeed Ben Bernanke as the […]
Read moreSeptember 13, 2013 2:18 pm
U.K. stocks fell, diminishing the FTSE 100 Index second week of gains, as U.S. retail-sales growth missed estimates and as investors watched talks between the U.S. and Russia on Syria. The FTSE 100 Index slid 18.63 points, or 0.3%, to 6,570.35 at 2:12 p.m. London time. The benchmark added 2.1% last week on bets that […]
Read moreSeptember 13, 2013 10:58 am
U.S. stock-index futures were little changed, after equities broke a seven-day rally, as investors awaited data on retail sales and consumer sentiment to feed the prospects for Federal Reserve stimulus cuts. Futures on the Standard & Poor’s 500 Index expiring in December declined 0.1% to 1,676.3 at 11:01 a.m. in London. The S&P 500 fell […]
Read moreSeptember 13, 2013 8:00 am
The 7.7 billion euros ($10.2 billion) takeover of Kabel Deutschland by Vodafone won shareholder support when votes in favor of the deal passed a crucial 75% minimum on Thursday night. The lengthy process of collecting and verifying shareholder votes for the deal meant that there was still uncertainty over whether Vodafone would buy the German […]
Read moreSeptember 13, 2013 6:29 am
Stocks retreated on Thursday, with the S&P 500 index disrupting a seven-session rally as investors await key news from the Federal Reserve next week. The Dow Jones Industrial Average slipped 25.96 points, or 0.17%, to 15300.64. The index fluctuated between gains and losses within a 62-point range in the session. That was a tight range […]
Read moreSeptember 12, 2013 1:08 pm
U.S. stock-index futures were little changed, after seven days of gains for the Standard & Poor’s 500 Index, as investors weighed an unexpected drop in jobless claims to support the Federal Reserve’s next move on stimulus. Futures on the S&P 500 expiring this month dropped 0.02% to 1,688.5 at 9:00 a.m. in New York. Contracts […]
Read moreSeptember 12, 2013 10:59 am
Royal Mail Group Ltd., the U.K.’s more than 350-year-old postal service, intends to hold an initial public offering of a majority stake in coming weeks to help the company gain a competitive edge against European rivals. “This is an important day for the Royal Mail, its employees and its customers,” Vince Cable, who is the […]
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