Stock News

Samsung reports record high quarterly profit

The world’s biggest technology company by sales reported second-quarter revenue of 57.5 trillion won ($51.7 billion), a year-on-year increase of 20.1%. This was in line with estimations made by the company earlier this month, and fell short of analysts’ forecasts. Net profit was 7.8 trillion won ($7 billion) in the April to June quarter, a […] Read more

US stock indexes gained amid earnings and economic data

U.S. stocks indexes jumped, putting to an end a two straight days of losses for the Standard & Poor’s 500 Index, as investors weighed corporate earnings and economic reports for clues on when the Federal Reserve may reduce stimulus measures. The S&P 500 soared 0.3% to 1,690.25 at 4 p.m. in New York, after earlier […] Read more

GM earnings report beats estimates as pickup sales rise

General Motors Co.’s second-quarter profit beat analysts’ estimates as the largest U.S. car and pickup maker is boosting growth with the one of the biggest waves of new models in its history. Profit excluding one-time items was 84 cents a share, GM said, exceeding the 77-cent average of 13 estimates compiled by Bloomberg. That compares […] Read more

Rolls-Royce to implement cost-cut strategies in order to diminish losses

Rolls-Royce said it intends to intensify its efforts to cut costs as the UK jet engine manufacturer declined to a 491 million pounds pre-tax loss in the first half of 2013. The group’s operating profit rose 32% in the six months to June 30, but it recorded a pre-tax loss partly because of losses on […] Read more

US stock index futures retreated before US durable goods data

U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index will continue to decline for a third consecutive day, as investors focused their attention towards economic reports to help assess when the Federal Reserve will reduce its bond-buying program. Futures on the S&P 500 expiring in September lost 0.7% to 1,672.4 at 7:06 a.m. […] Read more

Facebook shares soar on mobile ad gains

Facebook Inc persuaded investors it can perform great on smartphones and tablets on Wednesday, reporting a much better-than-anticipated surge in mobile advertising revenue in the second quarter that ignited a nearly 17% share rally. The worlds largest social network also reported an increase in daily visitors to its service, ignoring warnings that a new acquisitions […] Read more

US stock indexes fell unexpectedly amid earning reports

U.S. stocks indexes retreated, forming what seems to be a trend of slight drop, giving the Standard & Poor’s 500 Index its first-two day decline in a month, as investors weighed global manufacturing data and earnings reports from Caterpillar Inc. and Apple Inc. The S&P 500 fell 0.4% to 1,685.94 at 4 p.m. in New […] Read more

Boeing raises company’s outlook despite Dreamliner recent issues

Boeing Co., the US-based aircraft-maker, posted a better-than-expected 13% jump in quarterly profit after delivering more commercial jets agreements, erasing concerns about the 787 Dreamliner and sending its shares up 1.6% to an all-time high. Boeing raised its full-year revenue and profit forecasts after the strong second-quarter performance. The company said it expects revenue for […] Read more

US stock futures rise as earning season gains continue

U.S. stock index futures advanced, suggesting the Standard & Poor’s 500 Index will rebound after yesterday’s drop, as Apple Inc. posted profit that topped estimates and European manufacturing surprisingly jumped. Future contracts on the S&P 500 expiring in September added 0.4% to 1,695 at 7:31 a.m. in New York, after the underlying index slipped 0.2% […] Read more