Stock News

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

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