July 17, 2013 10:41 am
Production from BHP’s most profitable business, its iron ore operations in Western Australia, hit 45 million tons in the three months to June, up from 37.6 million tons in the previous quarter and ahead of analyst forecasts, according to companys statement in a production update on Wednesday. The world’s biggest resources company, experienced a strong […]
Read moreJuly 17, 2013 9:02 am
The Europes biggest drug-maker raised its profit and sales forecasts as generic competition for the Diovan blood-pressure medicine failed to materialize in the U.S. This means earnings will fall by a lower percentage this year, while sales will climb by similar amount, both excluding currency swings, Switzerland-based company said in a statement today. Novartis previously […]
Read moreJuly 17, 2013 8:07 am
The US electricity market regulator has fined Barclays $470 million, a record penalty, over manipulating power prices, in the latest heavy regulatory sanction against the UK bank. The Federal Energy Regulatory Commission’s fines matched the amount proposed last year when it accused four former Barclays traders of manipulating physical power prices in California and other […]
Read moreJuly 17, 2013 7:16 am
The tech giant is developing ad-skipping technology that would let owners of its Apple TV box and future television devices watch shows without commercials. Apple executives have targeted at least two owners of broadcast TV networks and cable channels, as well as some of the biggest U.S. pay-TV systems, said the people, who asked not […]
Read moreJuly 17, 2013 6:55 am
US stocks fell putting to an end a the longest advance of S&P 500 since the beginning of the year. Coca-cola earnings report disappointed and its shares dropped 1.9% as the beverage company said reports missed estimates amid slowing economic growth in China and Europe. The S&P 500’s decline accelerated after Fed Bank of Kansas […]
Read moreJuly 16, 2013 12:55 pm
A component made by Honeywell supplier of Boeing for the production of 787 models aircraft, is coming under scrutiny in an investigation into the fire at Heathrow airport last Friday. The Ethiopian Airlines Dreamliner was reported from Heathrow empployee of sparks inside of the plane on Friday last week. Some analysts quickly remembered the incidents […]
Read moreJuly 16, 2013 10:45 am
U.S. stock-index futures were little changed but still in green zone before Consumer Price Index data that may show industrial production rose in June and as investors awaited quarterly earnings from companies including Coca-Cola Co. and Goldman Sachs Group Inc. Futures on the Standard & Poor’s 500 Index expiring in September advanced less than 0.1% […]
Read moreJuly 16, 2013 10:16 am
One of the worlds biggest vintners experienced a big loss from poor U.S. sales, leading it to destroy thousands of gallons of wine due to wines prime has expired. Treasury Wine Estates, the Australian based wine-maker and distributor said it would book a loss of 160 million Australian dollars ($145 million) against its U.S. business […]
Read moreJuly 16, 2013 9:01 am
It didnt happen by chance that the main movie character from the hit “Iron Man” is a prototype of Teslas CEO Elon Musk – billionaire industrialist. The chief executive has aimed to revolutionize transportation and that could only be done by a engineer, tinkerer and entrepreneur. “I don’t spend my time pontificating about high-concept things; […]
Read moreJuly 16, 2013 7:34 am
The number of new car registrations in Europe continued to fall in June, braking hopes they had already reached rock bottom after a year of losses. June’s sales were the lowest since 1996, but were marginally better than a 5.9% slide in May to the lowest level for 20 years, a slump that has seen […]
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