June 10, 2013 7:03 am
After Fridays positive data for the non-farm payrolls change US stocks indexes went up reaching monthly high and giving the investors mixed signals of what the Fed would do to the stimulus program. Dow Jones Industrial Average posted its second sharpest raise this year. S&P 500 also rose significantly and Nasdaq Composite remained unchanged. The […]
Read moreJune 7, 2013 1:32 pm
UK top benchmark indexes rose significantly over positive US data. The change in non-farm payrolls topped estimates with 12 000 more jobs open than predicted. The FTSE 100 index is up 0.37% today making a big jump right after the US data was posted. Bellway Inc, the residential property developer surged 3% after the company […]
Read moreJune 7, 2013 12:02 pm
US stock index futures were almost unchanged today as important data on US unemployment rate is yet to be released. The important indicator could be a turning point in the discussion of whether US government should taper on bond buying stimulus program. S&P 500 index futures fell less than 0.08%, Nasdaq Composite is down 0.15% […]
Read moreJune 7, 2013 11:00 am
Volkswagen Group made an offer to MAN SE minority shareholders to buy out their shares for 80.89 euros per share. Right now the company owns 75% of MAN SE shares and the offer aims to make VW a sole owner of the mechanical engineering company. The offer represents a 7.1% lower number to MAN SE […]
Read moreJune 7, 2013 9:14 am
Samsung Electronics, the biggest rival of Apple in tech industry, suffered $12 billion in market value today hit by analysts downgrade on its profit estimates. JP Morgan Chase specialists cut forecasts as expecting tech giant to slow sales on its flagship product – Samsung Galaxy S4. The companys shares plunged 6.2% to 1 427 000 […]
Read moreJune 7, 2013 8:16 am
Toyota Motor Corp. presented its 2014 design for the Corolla brand line. The sedan is supposed to compete with Honda Civic and Ford Focus. The Corolla automobile is defined as the most popular car nowadays. The company claims to have sold around 40 million of those making it the best selling compact car in US […]
Read moreJune 7, 2013 7:17 am
The US stock market pushed higher offsetting recent declines, triggered by the huge drop in dollar versus the yen. The volatility in stock market yesterday was caused by negative data on US initial jobless claims and strong European economic data which pushed the euro higher versus the dollar. The S&P 500 index erased previous two […]
Read moreJune 6, 2013 1:32 pm
Chrysler refused to recall more than 2.7 million older model Jeeps causing a precedent which raises numerous questions. The National Highway Traffic Safety Administration states that the gas tanks of many Grand Cherokee and Liberty Jeeps are not on the safe side. The regulator insisted a withdrawal of all 2.7 million cars to take place. […]
Read moreJune 6, 2013 12:09 pm
European stocks gained today after a six week low as the investors waited on decision of the European Central Bank for its interest rate and financial stimulus policy. The Stoxx 600 index rose by 0.29% at 12:50 PM London time. UKs FTSE 100, Germanys DAX 30 and French CAC 40 all gained 0.17%, 0.32% and […]
Read moreJune 6, 2013 11:21 am
Tuesdays ruling in favor of Samsung would strengthen companys hopes of conquering more market share. The multinational conglomerate has been trying to differentiate itself from the image of an Apples product follower. “The business impact will be very limited,” says CW Chung, an analyst at Nomura Group for The Financial Times. The limitations ruled by the […]
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