Priceline.com jumps 5.7% after beating analysts’ estimates

August 9, 2013
Priceline.com jumps 5.7% after beating analysts’ estimates

The worlide economic crisis last five years don’t seem to reflect in Priceline.com’s performance as its stock neared a $1,000 price and a record that was set during the dot-com bubble. Priceline, the largest U.S. online-travel agent by market value, advanced 5.7% to $987.40 in extended trading after reporting second-quarter […]

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Blackberry might be going private sources say

August 9, 2013
Blackberry might be going private sources say

BlackBerry Ltd is close to the possibility of going private, as the smartphone maker battles to revive its fortunes, several sources familiar with the situation said. Chief Executive Thorsten Heins and the company’s board is increasingly coming around to the idea that taking BlackBerry private would give them breathing room […]

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US stocks soared on China trade balance, US jobless claims

August 9, 2013
US stocks soared on China trade balance, US jobless claims

U.S. stocks advanced, with the Standard & Poor’s 500 Index putting to an end a three-day drop, as Chinese trade balance data topped estimates and jobless claims fell to the lowest monthly rate since before the recession. The S&P 500 added 0.4% to 1,697.48 at 4 p.m. in New York, […]

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Nestle earnings report missed estimates

August 8, 2013
Nestle earnings report missed estimates

Nestle cut its revenue target for 2013, after disappointing sales in Europe led the Swiss group to miss analysts’ expectations for the fourth consecutive quarter. The world’s largest food company by revenues said that in the six months to the end of June, sales added 5.3% to 45.2 billion Swiss […]

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US stock index futures soared awaiting US jobless claims data

August 8, 2013
US stock index futures soared awaiting US jobless claims data

U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will raise from three days of losses, after China’s exports and imports increased more than estimated in July as investors also focused on upcoming job data. Futures on the S&P 500 expiring in September climbed 0.4% to 1,694.8 at […]

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Adidas cuts forecasts as sales slowed in Europe

August 8, 2013
Adidas cuts forecasts as sales slowed in Europe

Adidas AG cut its 2013 forecasts because of declining sales in Europe and unfavorable currency impacts after reporting second-quarter profit that trailed analysts’ estimates. Adidas said full-year schedule will now be more challenging to meet. The Herzogenaurach, Germany-based sporting-goods maker expects full-year sales to rise by a “low- to mid-single-digit […]

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Tesla beat estimates as shares jump 14%

August 8, 2013
Tesla beat estimates as shares jump 14%

Shares in Tesla Motors, the electric car-maker, hit another fresh high in after-hours trading on Wednesday, despite a quarterly retreat in revenues, as sales of its Model S beat expectations and deliveries began in Europe. Shares of Tesla jumped 14% to $153.20 in trading after it reported results. Year to […]

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US stock indexes retreat amid fear of Fed reducing stimulus

August 8, 2013
US stock indexes retreat amid fear of Fed reducing stimulus

U.S. stocks declined, giving the Standard & Poor’s 500 Index a three day of decline, amid growing speculation the Federal Reserve will pare bond purchases this year as the economy strengthens. The S&P 500 slid 0.4% to 1,690.91 at 4 p.m. in New York. The benchmark gauge has fallen 1.1% […]

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Ad revenues boost Time Warner earnings

August 7, 2013
Ad revenues boost Time Warner earnings

The company which owns the TNT, CNN and HBO cable channels, reported second-quarter profit that topped analysts’ estimates. Time Warner reported a 25% earnings jump thanks to strong performance from its movie unit and ad sales tied to sports programming. Excluding some items, earnings were 83 cents a share in […]

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US stock-index futures decline amid stimulus tapering talk

August 7, 2013
US stock-index futures decline amid stimulus tapering talk

U.S. stock-index futures retreated, indicating the Standard & Poor’s 500 Index will fall for a third day, amid investor speculation the Federal Reserve will pare bond purchases as the economy strengthens. Futures on the S&P 500 expiring in September slid 0.4 percent to 1,687.7 at 11:58 p.m. in London. The […]

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