Stock News

UK car industry on a upbeat, expectations follow

The UK car industry raised its annual sales forecast after more than a year of  half straight raise of sales, as the country’s largest dealer reported first-half profit up by almost a quarter. A sustained climb in car demand has helped the UK industry to overcome the European slowdown in sales amid a wider revival […] Read more

US stock futures remain little changed amid Fed representatives statements

U.S. stock index futures were almost unchanged as investors awaited the opinion of Federal Reserve Bank of Chicago President Charles Evans for indications of the central bank’s policy. Futures on the Standard & Poor’s 500 Index expiring in September slumped 0.15% to 1,702.1 at 11:55 a.m. in London. Contracts on the Dow Jones Industrial Average […] Read more

Amazon’s CEO to buy Washington Post

Amazon.com Inc. Chief Executive Officer Jeff Bezos agreed to buy the Washington Post for $250 million in a bet that he can apply his success in e-commerce to the struggling newspaper industry. The CEO is making the deal as an individual and not as part of Amazon, the world’s biggest online retailer, according to a […] Read more

Credit Agricole earnings rose after sell of Emporiki unit

Credit Agricole SA, France’s third-largest bank by market value, said profit surged in the second quarter after the sale of its unprofitable Greek unit. Credit Agricole is recovering from two consecutive annual losses after selling its Athens-based Emporiki unit, a business that cut earnings by about 370 million euros in the second quarter of 2012. […] Read more

US stocks retreated amid Fisher comments about stimulus

U.S. stocks fell from record highs as investors focused on data showing stronger than forecast growth in service industries and a Federal Reserve official’s comment that the central bank is closer to slowing its monthly bond buying. The Standard & Poor’s 500 Index sank 0.1% to 1,707.14 at 4 p.m. in New York. The Dow […] Read more

US stocks fell as investors focus on ISM non-manufacturing composite

U.S. stocks fell, after the Standard & Poor’s 500 Index climbed to fresh highs last week, as investors awaited a report that may show American service industries grew at a faster pace in July. The S&P 500 declined 0.2% to 1,705.57 at 9:32 a.m. in New York. The equity benchmark gained 1.1% last week as […] Read more

HSBC cuts show results, records profits raise 23%

HSBC Holdings posted today a 23% increase in net profit for the first half of the year, as a three-year cost-cutting plan proved successful and loan impairments fell. According to the bank statements net profit for the first half was $10.28 billion, compared with $8.44 billion in the first half of 2012. Revenue fell 7% […] Read more

Apple gains the upper-hand in patent war against Samsung

The U.S. decision to overturn an import ban on Apple Inc.’s older iPhones and iPads may help short-term sales and hurt Samsung Electronics Co. in any settlement talks in the companies’ patent fight. “The problem now for Samsung is not that Apple can continue to sell its products, but whether Samsung’s products will be banned,” […] Read more

US stocks advanced to fresh highs despite weak jobs data

U.S. stocks gained on Friday, as the Standard & Poor’s 500 Index erased an earlier decline, amid data showing employers added fewer workers than anticipated in July signaled the Federal Reserve will continue its stimulus efforts till employment stabilizes. The S&P 500 rose 0.2% to 1,709.67 at 4 p.m. in New York, climbing to a […] Read more

Japan car industry grew after yen comfortably fell

Toyota nearly doubled its net profit in the quarter to June despite a slight drop in the number of cars it sold, as a weaker Japanese currency helped the increase the yen value of its foreign earnings. The world’s biggest car-maker said on Friday that profit in the first quarter of its accounting year jumped […] Read more