Stock News

Facebook experiencing a mid-life crisis

Facebooks recent report by Pew Research showed declining enthusiasm among younger people who have kept the company strong even in weaker economic conditions. Having a $1.11 billion users, adding to that the vast amount of data on those users such as photos or personal preferences, profile identities Facebook could keep calm about near term future […] Read more

IBM bets on cloud computing

IBM and Salesforce have been acquiring cloud computing companies, signaling a big shift in strategy in technology sector as a whole. The purchases of the two technology giants amounts to $4.5 billion. IBM who is relying vastly on cloud computing in the core of its business, has paid $2 billion for SoftLayer – a private […] Read more

Amazon expanding on grocery stores

Amazon.com Inc. has been testing the concept of a online grocery store for years using its hometown Seattle as a starting point of a potentially growing business. One of the largest retail markets – groceries, has been a target of the online retailer for years. AmazonFresh is in a beta testing since 2007, and Amazon […] Read more

US stocks plunged as investors are concerned

US stocks fell ceasing its 20 straight Tuesday streak for the Dow Jones Industrial Average, as speculation of Fed reducing the bond buying program as soon as September, appeared. Dow Jones plunged 76.49 points which represents 0.5%. The S&P 500 index fell 0.6% to 1631.38 offsetting earlier gains. Exchanging volume was 7.6% greater than previous […] Read more

US stock futures lower before market opening

US stock futures pointed slightly lower today. Investors would be looking at the Federal Reserve speakers for more information about its future stimulus policy. Trade data and house prices are expected to be released  later during the day. Futures are not always pointing at the right direction of what market would follow, however Dow Jones […] Read more

European stocks bounce back on positive data

European stocks offset recent falls as Federal Reserve officials said the bank is committed to continue the stimulus and after positive Spanish jobless data. All the European benchmark indexes are growing today. The UK FTSE 100 gained 0.73%, the German DAX is up 0.87% and the French CAC 40 surged 0.6%. The Stoxx Europe 600 […] Read more

Tech companies switch to mobile computer devices

Acer Inc. surprised no one presenting the new 8″ tablet computer along with notebooks with touch screen feature running Microsofts Windows 8 operating system. The companys Iconia W3 tablet was accidentally leaked on the manufacturers website last month. Acers CEO Jim Wong said to the crowd at the fair that the Iconia aims to “bring […] Read more

Stocks move higher, stimulus not reducible at them moment

Stocks moved higher yesterday as the report on manufacturing data proved to be weaker than expected. Despite being a negative sign for the economy as a whole, investors see stability in the sense of government not reducing the stimulus bond-buying program. The President of Federal Reserve Bank of Atlanta said central bank officials are committed […] Read more

Seven Eleven state expansion plans

Seven & I Holdings Co., the worlds biggest convenience store operator is declaring appetite for more acquisitions in the US. The store chain is supposed to double its number of stores. The retailer may take its store count to 20 000 or 30 000 in the North American markets, the companys CEO told Bloomberg in […] Read more

Apple accused of e-book price fixing

Apple is going to trial today to face government allegations that company took part into a conspiracy with book publishers resulting in pricier e-books for the consumer. The trial which puts iPad manufacturer against the US Justice Department is said to be a test of interaction policies between retailers and content providers. The US government […] Read more