June 27, 2013 6:45 am
US stocks surged for a second day as Chinas bank shadowing worries eased. First quarter GDP report for US missed estimates which led investors to speculate about government reducing the bond-purchasing program. The S&P 500 increased 1% to 1,603.26 at 4 p.m. in New York. The index has added 1.9% for the last two days, […]
Read moreJune 26, 2013 1:40 pm
US stock futures kept on advancing today indicating S&P 500 index will raise for a second day as GDP data showed slower than forecast economy growth. The Q1 GDP report disappointed, advancing by only 1.8% comparing to the predicted 2.4%. S&P 500 index futures expiring September increased by 0.6% to 1,590.60 at 9:07 a.m. in […]
Read moreJune 26, 2013 9:13 am
The book selling company said it retreats from heavy tablet war after spending hundreds of millions of dollars trying to catch up with Amazon and Apple in the market. Barnes & Noble stated their losses nearly doubled for the last period. Losses were reaching levels which hurt the companys core business of book selling. Not […]
Read moreJune 26, 2013 7:34 am
Companies are waiting for the approval of The Federal Communications Commission which is said to post its opinion shortly. The deal is supposed to be officially made at the first week of next month. Yesterday Sprint Nextel shareholders voted on the decision to approve $21.6 billion bid for a 78% stake of the company which […]
Read moreJune 26, 2013 6:53 am
Walmarts critics have stated their disagreement to Marissa Mayer, the Yahoo chief executive who is one of the retailers highest profile board member. The employees gathered at the internet group’s shareholders meeting to pose some crucial questions about the work of worlds biggest retailers board. One of the participants at the Yahoo meeting, a representative from […]
Read moreJune 25, 2013 2:36 pm
US stocks opened higher than expected as favorable data is signaling stable trend in US economy. Pullback in Treasury yields and a sharp intraday bounce in Chinese stocks was noted which helped gave investors confidence. Adding to that the durable goods data report was exceeding forecasts mainly because of aircraft and car industry. The better […]
Read moreJune 25, 2013 1:31 pm
Microsoft Corp. is working on offering companies the ability to use Oracles database software, java programming tools and application connecting middle-wear. Customers demand is in the core of the alliance of the two rival companies. “It’s about time, and we’re really glad to have the chance to work in this much newer and more constructive […]
Read moreJune 25, 2013 12:20 pm
The Australian brand reported a share price increase of 46% today, after the company said it is in advance refinancing and asset sale talks with two US hedge funds – Altamont Capital Partners and Sycamore Partners. Shares of Billabong decreased earlier this month by half of its value after the company voiced concerns of troubling […]
Read moreJune 25, 2013 8:53 am
European stocks rose, rebounding from almost whole week of losses, before reports of U.S. durable goods orders and sales of new homes for month of May. US futures also rose giving economy a hint of relieve after the substantial losses recent days. The Stoxx Europe 600 Index gained 1.13% at 9:38 a.m. in London . The […]
Read moreJune 25, 2013 7:46 am
According to Gartner, the technology research company, tablet market would grow with more than 67.9% offsetting recent PC market stagnation. Smartphones would also slow their growth according to the research. Gartner noted that the shift from PCs to tablets is due to a growing acceptance of the bring your own device, trend, which increases the […]
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