August 5, 2013 7:26 am
The U.S. decision to overturn an import ban on Apple Inc.’s older iPhones and iPads may help short-term sales and hurt Samsung Electronics Co. in any settlement talks in the companies’ patent fight. “The problem now for Samsung is not that Apple can continue to sell its products, but whether Samsung’s products will be banned,” […]
Read moreAugust 5, 2013 6:30 am
U.S. stocks gained on Friday, as the Standard & Poor’s 500 Index erased an earlier decline, amid data showing employers added fewer workers than anticipated in July signaled the Federal Reserve will continue its stimulus efforts till employment stabilizes. The S&P 500 rose 0.2% to 1,709.67 at 4 p.m. in New York, climbing to a […]
Read moreAugust 2, 2013 1:07 pm
Toyota nearly doubled its net profit in the quarter to June despite a slight drop in the number of cars it sold, as a weaker Japanese currency helped the increase the yen value of its foreign earnings. The world’s biggest car-maker said on Friday that profit in the first quarter of its accounting year jumped […]
Read moreAugust 2, 2013 11:42 am
U.S. stock-index futures were almost unchanged, after the Standard & Poor’s 500 Index climbed to a record yesterday, as investors awaited an employment report to evaluate whether policy makers will reduce their bond-buying program. S&P 500 futures expiring next month added 0.13% to 1,700.5 at 12:33 a.m. in London before a report that may show […]
Read moreAugust 2, 2013 7:39 am
Google will present the Motorola Moto X smartphone today, its latest attempt to leapfrog Apple’s iPhone – this time with a device containing bunch of sensors and processors that will allow the phone to anticipate users next move. The Moto X would cost around $200 when it goes on sale later this month with the […]
Read moreAugust 2, 2013 6:37 am
U.S. stocks rose, sending the Standard & Poor’s 500 Index above 1,700 for the first time, after central banks vowed to maintain stimulus and manufacturing data exceeded estimates. The S&P 500 rose 1.3% to 1,706.87 at 4 p.m. in New York. The Dow Jones Industrial Average advanced 128.48 points, or 0.8%, to a record 15,628.02. […]
Read moreAugust 1, 2013 2:36 pm
Ford Motor Co., Chrysler Group and Nissan Motor Co. reported U.S. sale gains for July as the industry’s continued recovery. Chrysler has surprised by its US sales, which saw a 10% jump, both bettering the industry average of 8% and improving over the same stretch of 2012. Ford Motor Companys U.S. sales for July increased […]
Read moreAugust 1, 2013 11:18 am
U.S. stock-index futures advanced, following the Standard & Poor’s 500 Index’s biggest monthly gain since January, as investors awaited data on manufacturing and jobless claims. S&P 500 futures expiring in September rose 0.7% to 1,692.7 at 10:37 a.m. in London. The benchmark index for U.S. shares slipped less than 0.1% yesterday as the Federal Reserve […]
Read moreAugust 1, 2013 9:19 am
Royal Dutch Shell reported “disappointing” second-quarter profits of $4.6 billion, well below market estimates, reflecting currency effects, rising costs and the worsening situation in Nigeria. Investors reacted to the news, leaving the shares down 4.4% in early London trading at £21.40. The company’s US exploration and production business recorded a loss for the quarter, underlining […]
Read moreAugust 1, 2013 8:03 am
Herbalife shares advanced to a new 1 year high yesterday after news that billionaire investor George Soros had taken a large stake in the nutritional supplement seller. Last month the $13 billion hedge fund run by Bill Ackman, has called Herbalife a fraudulent pyramid scheme and placed a billion-dollar bet against the value of its […]
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