August 23, 2013 6:57 am
Moody’s indicated that it could cut the credit ratings of the six biggest US banks, saying they might be not protected by federal government if they got into trouble in the future. Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo could be downgraded, the rating agency said on Thursday. The ratings of Bank of […]
Read moreAugust 23, 2013 6:25 am
U.S. stocks rose on data showing improvement in global manufacturing and the American labor market amid a three-hour trading halt on the Nasdaq Stock Market after a computer error. The Standard & Poor’s 500 Index added 0.9% to 1,656.96 at 4 p.m. in New York. The Dow Jones Industrial Average rose 66.19 points, or 0.4%, […]
Read moreAugust 22, 2013 2:12 pm
Kia Motors is experiencing losses of hundreds of millions of dollars from a suspension of Saturday production shifts at its domestic plants, as the South Korean car-maker fights to avoid a fruitless pay negotiations with its union. Production was interrupted in March at two of Kia’s three domestic assembly plants, and at all those of […]
Read moreAugust 22, 2013 11:47 am
U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index will rebound from a six-week low, as investors awaited reports on jobless-benefit claims and leading economic indicators. S&P 500 futures expiring in September gained 0.4% to 1,642.5 at 6:38 a.m. in New York. Contracts on the Dow Jones Industrial Average rose 38 points, or […]
Read moreAugust 22, 2013 9:08 am
Tesla Motors Inc. Chief Executive Officer Elon Musk stated the electric-car maker intends to add factories in Europe and Asia, trying to expand gains by increasing volume of the planned mass-market battery car. The company this year estimates to make at least 21,000 of its $70,000 Model S premium sedans at its Fremont, California, plant, […]
Read moreAugust 22, 2013 7:46 am
Abercrombie & Fitch Co, Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion and arent likely to win back their business anytime soon. as U.S. teen shoppers switch their taste. The “three As” as companies have been called, have long been popular for their cool basics like jeans, hoodies and t-shirts. But […]
Read moreAugust 22, 2013 6:36 am
U.S. stocks declined, giving the Dow Jones Industrial Average its longest retreat in 13 months, as minutes of the Federal Reserve’s July meeting showed officials support stimulus cuts to be made later this year if the economy improves. The Standard & Poor’s 500 Index lost 0.6% to 1,642.80 at 4 p.m. in New York, the […]
Read moreAugust 21, 2013 11:41 am
Apple has lost more than 40% of its share of the Chinese tablet market over the past year to cheaper rivals led by Samsung Electronics, as devices based on Google’s Android and other operating systems rapidly overtake the US company’s gadgets. In the second quarter, Apple shipped 1.48 million iPads in China, 28% of the […]
Read moreAugust 21, 2013 8:42 am
A trading glitch occurred yesterday in Goldman Sachs computer system that resulted in a large number of erroneous single stock and options trades. Many of the trades may wind up being erased but the error could still cost the firm around $100 million, according to a person familiar with the situation. “The exchanges are working […]
Read moreAugust 21, 2013 7:41 am
Bayerische Motoren Werke AG, the world’s biggest maker of luxury cars, is struggling to deliver spare parts on time because of a new supply-management system, forcing customers to wait for repairs. The delays, which started more than two months ago with the switch to the new logistics system, have caused damaging effects globally because orders […]
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