August 9, 2013 11:36 am
Facebook Inc. has been planning for months to enter the highly profitable market for online video ads. As soon as this fall, Facebook plans to launch a video-ad service that will show members 15-second clips on both smartphones and the Web, according to people with knowledge of the matter. Facebook needs the ads to be […]
Read moreAugust 9, 2013 8:53 am
The worlide economic crisis last five years dont seem to reflect in Priceline.coms performance as its stock neared a $1,000 price and a record that was set during the dot-com bubble. Priceline, the largest U.S. online-travel agent by market value, advanced 5.7% to $987.40 in extended trading after reporting second-quarter sales that exceeded analysts’ estimates. […]
Read moreAugust 9, 2013 7:38 am
BlackBerry Ltd is close to the possibility of going private, as the smartphone maker battles to revive its fortunes, several sources familiar with the situation said. Chief Executive Thorsten Heins and the companys board is increasingly coming around to the idea that taking BlackBerry private would give them breathing room to fix its problems out […]
Read moreAugust 9, 2013 6:41 am
U.S. stocks advanced, with the Standard & Poor’s 500 Index putting to an end a three-day drop, as Chinese trade balance data topped estimates and jobless claims fell to the lowest monthly rate since before the recession. The S&P 500 added 0.4% to 1,697.48 at 4 p.m. in New York, reducing the index’s weekly drop […]
Read moreAugust 8, 2013 1:56 pm
Nestle cut its revenue target for 2013, after disappointing sales in Europe led the Swiss group to miss analysts’ expectations for the fourth consecutive quarter. The world’s largest food company by revenues said that in the six months to the end of June, sales added 5.3% to 45.2 billion Swiss francs ($49.1 billion). Analysts had […]
Read moreAugust 8, 2013 12:18 pm
U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will raise from three days of losses, after China’s exports and imports increased more than estimated in July as investors also focused on upcoming job data. Futures on the S&P 500 expiring in September climbed 0.4% to 1,694.8 at 8:00 a.m. in New York. […]
Read moreAugust 8, 2013 8:36 am
Adidas AG cut its 2013 forecasts because of declining sales in Europe and unfavorable currency impacts after reporting second-quarter profit that trailed analysts’ estimates. Adidas said full-year schedule will now be more challenging to meet. The Herzogenaurach, Germany-based sporting-goods maker expects full-year sales to rise by a “low- to mid-single-digit rate on a currency-neutral basis” […]
Read moreAugust 8, 2013 7:40 am
Shares in Tesla Motors, the electric car-maker, hit another fresh high in after-hours trading on Wednesday, despite a quarterly retreat in revenues, as sales of its Model S beat expectations and deliveries began in Europe. Shares of Tesla jumped 14% to $153.20 in trading after it reported results. Year to date, the stock has soared […]
Read moreAugust 8, 2013 6:39 am
U.S. stocks declined, giving the Standard & Poor’s 500 Index a three day of decline, amid growing speculation the Federal Reserve will pare bond purchases this year as the economy strengthens. The S&P 500 slid 0.4% to 1,690.91 at 4 p.m. in New York. The benchmark gauge has fallen 1.1% this week after closing at […]
Read moreAugust 7, 2013 1:50 pm
The company which owns the TNT, CNN and HBO cable channels, reported second-quarter profit that topped analysts’ estimates. Time Warner reported a 25% earnings jump thanks to strong performance from its movie unit and ad sales tied to sports programming. Excluding some items, earnings were 83 cents a share in the period, surpassing the 76 […]
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