Stock News

Daimler Q2 profits beat estimates

Daimler AG, the producer of luxury Mercedez branded cars, posted significant gains in second-half earnings as the European auto market bottoms out and new models spur demand. The German automaker hinted a recovery in the West European car market later this year as it reported a big jump in its second-quarter net profit as it […] Read more

AT&T profit declines as expenses rise

AT&Ts operating costs were higher, mainly in mobile operations, which was the main reason for the held back second-quarter profits at AT&T, the largest US telecoms group, which added a net 551,000 monthly contract customers in the quarter, up from 320,000 gained in the same period last year. Many of the contract customers added by […] Read more

Apple’s iPhone sales beat expectations

Apple prove wrong skeptics who suggested that the best years of smartphone growth were behind it, as iPhone sales beat expectations, despite a sharp drop in third-quarter earnings. The tech giant explained that price cuts and better distribution network helped iPhone 4 version of the flagship smartphone to outperform its rival Samsung Galaxy S4. Sales […] Read more

US stock index retreated amid corporate earnings

The Standard & Poor’s 500 Index slightly declined, cutting a four straight day streak, as investors were focused on corporate earnings amid speculation on when the Federal Reserve may scale back its asset purchases. The Dow gained 22.19 points, or 0.1%, to 15567.74, beating a July 18 record high. The Standard & Poors 500-stock index, […] Read more

US stock futures jumped amid companies earning reports

U.S. stock-index futures climbed, indicating the Standard & Poor’s 500 Index will continue its bullish attitude and will extend an all-time high, before earnings from companies including Freeport-McMoRan Copper & Gold Inc. and United Parcel Service Inc. (UPS). Standard & Poors 500 futures expiring in September added 0.2% to 1,693.09 at 8:19 a.m. in New […] Read more

Lockheed Martin raises amid US defense cuts

Lockheed Martin supported the continued robust health of many large US defense contractors when it announced a 10% increase in second-quarter net earnings and increased its guidance for the full year despite ongoing spending cuts. Lockheed, the world’s biggest military contractor by sales, announced that net earnings for the three months to June 30 rose […] Read more

Google Maps to incorporate Yelps’ features

The newest feature of Google Maps called Explore, implements options known from its rival Yelp. The tool allows users to find, rate and see reviews of local businesses. According to the web giant its more than just rattling off names, numbers and addresses like the white pages. Explore is a highly visual part of Google […] Read more

Apple to post weak results, according to analysts

After Google and Microsoft reported results that were highly disappointing, sending both stocks lower, investors are turning their attention to another tech giant, wondering if that would be the case with Apple Inc. Apple didnt launch any major products over the last three months and that is the main reason for the skepticism over tech […] Read more

US stocks rise after earning reports

U.S. stocks rose, as monthly flows into equity exchange-traded funds reached a five-year high, after housing data and earnings from companies including McDonald’s Corp. boosted sentiments that stimulus program would continue. Investors have increasingly turned to stocks this month, as U.S. equity exchange-traded funds are getting money at the fastest rate since September 2008. The […] Read more

Netflix tops S&P 500 earning reports

Netflix Inc. has become the best performing U.S. stock in the Standard & Poor’s 500 Index in 2013 and the second most expensive, although some define it as a “bubble stock”. Furthermore, investors warn of companys negative free cash flow, a surge in liabilities for new movie and TV-show content and a long-term increase in […] Read more