June 4, 2013 7:01 am
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 moreJune 3, 2013 2:17 pm
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 moreJune 3, 2013 1:06 pm
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 moreJune 3, 2013 11:49 am
US stock futures forecast a higher open today despite Chinese data showing uncertainty over the growth of the countrys economy. Before market open Dow Jones Industrial Average futures pointed to a 0.48% raise, S&P 500 futures suggested 0.40% increase and NASDAQ futures show 0.32% climb. Earlier today market sentiment improved in the Eurozone after data […]
Read moreJune 3, 2013 9:33 am
US auto sales forecasts for the month of May are to be released today. The numbers are estimated to rise by 6.5% to a seasonally adjusted annual rate of 15 million vehicles according to Edmunds.com, a site for auto sector information. The US automobile industry is not only expected to record high sales but also […]
Read moreJune 3, 2013 8:36 am
Apple has been on the top of the corporate headlines for the most part of last month. The company was accused for its tax evading policy using Irish subsidiaries and saving billion of dollars. The discussion of weather or not Apple was the one to blame, did no more than pointing out some serious flaws […]
Read moreJune 3, 2013 7:13 am
US stocks recorded a serious drop on the last day of the month. The benchmark indexes recorded a significant drop, however not strong enough to change the positive outlook for the month. Among all 10 industries included in S&P 500, only technology and financial sectors recorded climbs while the rest plunged late on Friday. Bank […]
Read moreMay 31, 2013 2:29 pm
Goldman Sachs has missed two of the biggest acquisitions of the year. The bank didnt take part in the $23 billion merger of Heinz Co. by Brazilian investment firm 3G capital and Warren Buffetts Berkshire Hathaway Inc. announced in February. The company also worked with private-equity firms in an attempt to seal a deal with […]
Read moreMay 31, 2013 1:11 pm
The board at Dell said that a takeover offer would be acting in best interest of companys shareholders. Dells founder and CEO Michael Dell has offered $13.65 per share to take the company private, according to filings with the Securities and Exchange Commission on Friday. The offer has been facing numerous criticism by some of […]
Read moreMay 31, 2013 11:58 am
Samsung electronics have selected Intel processors to power the new version of its Galaxy tablet. The Android based product is one of the top sellers for the company and this is exactly what Intel needed to fuel its 23.7% year to date climb. Samsung has chosen Intels Clover Trail mobile chip for at least one […]
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