July 16, 2013 7:08 am
US stocks climbed continuing the S&P 500 streak from last week which is the longest since January. Retail sales report issued yesterday showed disappointing numbers and raised speculations about the Fed continuing the bond buying program. However, Citigroup earnings report offset the weak economical data. A better-than-forecast manufacturing report also helped neutralize worse-than-anticipated U.S. retail-sales […]
Read moreJuly 15, 2013 1:48 pm
Citigroup, the third largest US bank reported 42% increase in second-quarter profits which beat analysts forecasts. Citigroup’s capital levels rose sharply after receiving the compensation from the sale of its stake in Smith Barney, the retail brokerage, to Morgan Stanley. The bank reported a ratio of equity to risk-weighted assets of 10% under the new […]
Read moreJuly 15, 2013 12:32 pm
US stock index futures remained almost unchanged today after markets closed high on Friday. Retail sales data is expected to show it rose in June by the most in four months, and after Chinese economic growth matched forecasts. Futures contracts on the Standard & Poor’s 500 Index expiring in September gained 0.17% to 1,680.19 at […]
Read moreJuly 15, 2013 11:57 am
The Volkswagen owned company is among the top high-end sellers surpassing brands like Mercedez and Audi. AutoNation Inc., Penske Automotive Group Inc. and Asbury Automotive Group Inc., three of the largest new-car retailers in the U.S., all have purchased Porsche franchises since 2010. In a period of growing activity for auto-dealership acquisitions, the deals lifted […]
Read moreJuly 15, 2013 9:06 am
Marissa Mayer, the recently appointed Yahoos CEO still faces a challenge in convincing Wall Street that Yahoo, which has struggled to grow meaningfully traffic or ad revenues for years, has a potential for something more. Yahoos shares have gained more than 70% in the 12 months since Marissa Mayer was appointed as its chief executive. […]
Read moreJuly 15, 2013 7:33 am
Despite Boeing Dreamliners success in recent months, concerning sales and the presentation at the annual conference in Paris, the companys flagship is experiencing safety issues. The fire on an Ethiopian Airlines’ Dreamliner at London’s Heathrow airport on Friday has triggered concerns about the safety of Boeing’s newest and most sophisticated passenger jet, even though no […]
Read moreJuly 15, 2013 6:55 am
Apple is hiring fresh faces to strengthen its expertise as facing some design problems. Experts say an eventual product launch would be possible at least in a year. The aggressive hiring for iWatch project in recent weeks shows Apple is experiencing engineering problems which they dont seem to know how to solve. Apple’s iWatch recruitment […]
Read moreJuly 12, 2013 1:33 pm
The largest US bank reported second-quarter profits jumped by 31% which beat estimates as we enter US earnings season. Second-quarter net income rose to $6.5 billion, or $1.60 a share, from $4.96 billion, or $1.21, in the same period last year, company said today in a statement. The average estimate of 30 analysts surveyed by […]
Read moreJuly 12, 2013 12:34 pm
Ford Motor Co. stated it doesnt intend to make further cuts in its production capacity in Europe as the market begins to stabilize. “We’re at the point where we have no more capacity announcements to make,” Stephen Odell, Ford’s Europe chief, told reporters yesterday at the company’s headquarters in Dearborn, Michigan. “Weve always said, though, […]
Read moreJuly 12, 2013 8:51 am
After the release of several updates on the 920 model of the Lumia smartphone phone series, Nokia has finally presented its new flagship device Lumia 1020. It has a 4.5-inch screen and a 1280 x 768 resolution, 2 gigabytes of RAM, and a dual-core Qualcomm Snapdragon S4 chipset. The only difference from previous version is […]
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