Stock News

US stock index futures slightly up before GDP data

U.S. stock index futures fluctuated around zero percentage change, with the Standard & Poor’s 500 Index might be heading for the biggest monthly gain since January, as investors awaited a policy announcement following the Federal Reserve’s two-day meeting. S&P 500 futures added 0.03% to 1,685.2 at 12:33 p.m. in London. The benchmark index added 0.04 […] Read more

Peugeot shows signs of recovery as earnings fell less than estimated

PSA Peugeot Citroen, Europe’s second-largest automaker, reported better than estimated earnings as it recorded smaller loss than it was expected by analysts. A tighter cost management offset a decline in deliveries which outpaced even the region’s negative numbers. Peugeot is cutting costs after its car-making unit lost 3 billion euros in cash in 2012 as […] Read more

BNP Paribas profit falls, the bank shifts focus to Germany, Asia

BNP Paribas SA, the largest French bank, said second-quarter profit fell 4.7% as Europe’s economic conditions reduced lending in France and Italy and led to an increase in loan-loss provisions. Net income fell to 1.76 billion euros ($2.3 billion) from 1.85 billion euros a year earlier, the bank said in a statement today. Earnings compared […] Read more

US stock indexes show mixed signs before Fed statement and earnings reports

The US stock indexes remained mixed as S&P 500 headed for its biggest monthly gain since January, as investors analyzed corporate earnings and awaited results from the Federal Reserve’s two-day meeting. The S&P 500 gained around 0.04% to 1,685.96 at 4 p.m. in New York, after hesitating between gains and losses during the trading session. […] Read more

Pfizer earnings report beats estimates

Pfizer Inc reported second-quarter earnings slightly ahead of estimates today as the largest U.S. drug-maker lines up a business split that could lead to the spin off of its generics division. The company, experiencing falling sales of its now left without patent cholesterol fighter Lipitor, reaffirmed its financial outlook for the year. For the second […] Read more

BP compensation fund is running out of money due to 2010’s spill

BP Plc said today that the $20 billion fund, set up to cover the cost of the Gulf of Mexico oil spill, will soon run out, as compensation claims have accelerated despite efforts from the company to limit what it claims are excessive payouts. The warning, which came as BPs second-quarter earnings fell short of […] Read more

US stock-index futures almost unchanged awaiting consumer confidence data

U.S. stock-index futures were little changed as investors focused on earnings reports by companies, consumer confidence data and awaited the Federal Reserve’s two-day policy meeting. Futures on the S&P 500 expiring in September gained less than 0.1% to 1,683.7 at 10:46 a.m. in London. The benchmark index lost 0.4% yesterday as fewer Americans signed contracts […] Read more

Apple’s new software to be incorporated in the auto industry

Apple, the world’s largest technology company by market value, sees opportunity to gain advantage as automakers struggle to meet customer demands with safety concerns. BlackBerry’s QNX Software Systems and Microsoft are the main suppliers of automotive operating system software according to researcher IHS iSuppli, while Pandora is the top in-car music-streaming service. Knowing many consumers […] Read more

US stocks retreated after disappointing home sales data

U.S. stocks fell, reducing a monthly gain for the Standard & Poor’s 500 Index, as fewer Americans signed contracts in June to buy previously owned homes. The S&P 500 fell 0.4% to 1,685.33 at 4 p.m. in New York. The benchmark index slumped less than 0.1% last week, halting its longest streak of weekly gains […] Read more