July 4, 2013 8:52 am
Don Mattrick is the new CEO of the online social game company Zynga. The ex-head of Microsoft XBOX division will replace founder Marc Pincus next week and will get a substantial compensation of $50 million in coming years according to companys statement. In his first year, the newly appointed CEO would receive a total of […]
Read moreJuly 4, 2013 8:00 am
Twitter, the second largest social network site plans to allow advertisers to use databases of users in order to send them promotions only to people who have already shown interest. Those ad techniques has been adopted by Google and Facebook already. If proved successful the advertising stunt would increase Twitter advertising rates without having to […]
Read moreJuly 4, 2013 6:42 am
US stocks recorded gains yesterday in a shortened session before countrys national holiday. Investors analyzed better-than-expected jobs data news mixed with political shakes in Portugal ahead of a key jobs report Friday. The Dow Jones Industrial Average gained 56.14 points, which is 0.4%, to 14988.55 in a shortened session that closed at 1 p.m. EDT […]
Read moreJuly 3, 2013 1:08 pm
US stock futures slightly declined today and remained unchanged after mixed economic data. Reports on employment change, trade balance and initial job claims were issued today. Employment for month of June has gained more than predictions while trade balance raised its deficit. Initial job claims beat predictions adding 5000 less claims for the last week […]
Read moreJuly 3, 2013 12:31 pm
Apple is approaching Time Warner for a deal that would make available channels of the TV service to Apple TV users. People familiar with the matter noted that companies plan to announce a deal till next few months as negotiation talks are still made in private. The iPhone creator is also appointing Pete Distad from […]
Read moreJuly 3, 2013 8:32 am
US new automobile sales in June almost recorded their strongest month in more than five and a half years as factory orders posted a second straight month of gains indicating a stabilizing in economy. Home prices posted their biggest annual increase in more than seven years in May, adding to the improving economic picture, and […]
Read moreJuly 3, 2013 7:31 am
Standard & Poors has cut ratings of three major European banks Barclays, Credit Suisse and Deutsche Bank. The new financial politics by Central Bank for safer banking system and uncertain economy conditions pose a threat to the system. Long-term credit ratings for the three banks were cut to A from A+, the benchmark said yesterday […]
Read moreJuly 3, 2013 6:44 am
US stocks closed mixed yesterday amid Fridays key jobs data and jump in crude oil price which kept the sentiment. The Dow Jones Industrial Average declined 0.3%. The Dow reached as much as 74.26 points at the days high and 104.45 points at the low. The S&P 500 index lost 0.1% and the Nasdaq Composite Index […]
Read moreJuly 2, 2013 2:30 pm
The Federal Reserve is working on a plan to make banking system safer. The financial institution is going to force banks to comply by the new Basel III capital regime in January next year. The tougher rules were criticized by many bankers one of them being Jamie Dimon of JP Morgan Chase who defined the […]
Read moreJuly 2, 2013 1:52 pm
US stocks futures stayed almost unchanged foreshadowing a relatively unchanged benchmark indexes during trade today. Investors are waiting on reports on U.S. factory orders and comments from Federal Reserve chairman for New York – William C. Dudley. S&P 500 futures expiring in September were unchanged at 1,606.70 at 13:40 a.m. London time, erasing an earlier […]
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