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Google Maps to incorporate Yelps’ features

July 23, 2013 11:30 am
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

July 23, 2013 8:10 am
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

July 23, 2013 6:51 am
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

July 22, 2013 2:33 pm
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

US stock futures almost unchanged amid earnings reports

July 22, 2013 12:18 pm
U.S. stock index futures were little changed, after the Standard & Poor’s 500 Index climbed to a new record high on Friday, as investors awaited earnings for McDonald’s Corp. Todays economic calendar is almost empty of data news, however at 3 pm London time existing home sales report will be posted. A report at 10 […] Read more

Apple on a larger-screen tryouts for iPad and iPhone

July 22, 2013 11:37 am
Apple Inc. and its Asian suppliers are testing larger screens for iPhones and tablets, officials at the companys suppliers say. Recently, Apple has asked its engineers to come up with smartphone screens larger than 4 inches and has also asked for screen designs for a new tablet device reaching slightly less than 13 inches, they […] Read more

Deutsche Bank to tighten balance sheet by 20%

July 22, 2013 10:55 am
Deutsche Bank intends to shrink its vast balance sheet by as much as a fifth in order to comply with incoming stricter rules for banks financial policies. Deutsche is expected to announce to investors that it aims to achieve a minimum of 3% ratio of overall equity to loans by the end of 2015, as […] Read more

Jaguar Land Rover bets on entry level luxury cars

July 22, 2013 8:35 am
Jaguar the recently incorporated as Jaguar Land Rover firm is betting the future of its brand on a new family of entry-level luxury vehicles to challenge BMW, Audi and Mercedes-Benz, driving the classy but largely under-performing British marque into fast-growing, high-volume segments. The company is a subsidiary of the Indian automaker Tata motors. The new […] Read more

S&P rose to new record, tech sector sank

July 22, 2013 6:45 am
The S&P 500 rose to new levels on Friday, recording another day of advance. The benchmark has been on a four-straight week gain. However, tech sector disappointed as Microsoft and Google retreated by 11.4% and 1.55%, respectively. The S&P 500 rose 2.72 points, or 0.2%, to 1692.09. The Dow Jones Industrial Average lost 4.80 points, […] Read more

European stock indexes decline after Bernanke’s testimony

July 19, 2013 2:01 pm
European stocks were little changed, as the main benchmark is heading to a session of loss, as China scrapped a lower limit on lending rates, in a compliance with losses in technology shares. U.S. futures were little changed, while Asian shares dropped. The Stoxx 600 fell less than 0.3% to 299.92 at 1:10 p.m. in […] Read more