August 27, 2013 7:51 am
Daimlers Mercedez-Benz intends to present twenty new models in China in the time-frame of 2 years, part of a broader turnaround effort aimed at reversing the brands recent struggles in the worlds biggest auto market. Daimlers new China chief, Hubertus Troska, and his management team are expected to unveil details of the plan, which also […]
Read moreAugust 27, 2013 6:37 am
U.S. stocks fell, with the Standard & Poor’s 500 Index’s ending two days of gains, after Secretary of State John Kerry said the president will hold Syria’s government accountable for using chemical weapons. The S&P 500 declined 0.4% to 1,656.78 at 4 p.m. in New York, erasing an earlier gain of as much as 0.4%. […]
Read moreAugust 26, 2013 2:44 pm
Telefónica seems to have sealed its deal to buy KPN’s German mobile unit, E-Plus, after approval was gained from major KPN shareholder Carlos Slim by raising the value of its offer from 8.1 billion to 8.55 billion euros. The Spanish telecoms groups original deal to buy KPNs E-Plus unit was placed into doubt earlier this […]
Read moreAugust 26, 2013 11:05 am
U.S. stock-index futures remained almost unchanged as investors focused on the only US data release today – a report that may show orders for durable goods decreased last month. Futures on the Standard & Poor’s 500 Index expiring in September declined 0.1 percent to 1,660.1 at 11:09 a.m. in London. Contracts on the Dow Jones […]
Read moreAugust 26, 2013 8:57 am
Lenovo is adopting an approach similar to Apples of opening outlets offering gleaming glass and wide counters found at Apple shops, with phones and tablets sitting on tables for customers to try out. The retail outlets are part of a long term plan to overtake Samsung in the world’s biggest smartphone market, offering a range […]
Read moreAugust 26, 2013 8:03 am
Amgen Inc stepped up to reach a deal to buy cancer drug maker Onyx Pharmaceuticals Inc for about $10.4 billion on Sunday, as it moves to restock its product pipeline in response to declining sales of its flagship anemia drugs. The acquisition which ends a two-month-long auction of Onyx represents the fifth-largest biotechnology deal in […]
Read moreAugust 26, 2013 7:06 am
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 moreAugust 23, 2013 2:38 pm
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 moreAugust 23, 2013 11:06 am
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 moreAugust 23, 2013 8:26 am
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 […]
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