Apple Iphone shifts from innovation to following competition

September 11, 2013
Apple Iphone shifts from innovation to following competition

Apple Inc., the company that revolutionized the era of mobile touch-based computing with the iPhone’s 2007 debut, is taking more cues from the competition as struggling to come up with creating innovation. The company tries to diversify its smartphone as offering a budget version of its flagship. In a break […]

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US stocks jumped amid Syria tension ease

September 11, 2013
US stocks jumped amid Syria tension ease

US stocks advanced, extending the longest winning streak for the Standard & Poor’s 500 Index since July, as data showed China’s economy is improving amid signs of easing tensions over Syria. The S&P 500 advanced 0.7% to 1,683.99 at 4 p.m. in New York. The index has gained for six […]

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US stock-index futures rise amid China industrial production data

September 10, 2013
US stock-index futures rise amid China industrial production data

US stock-index futures advanced, indicating the Standard & Poor’s 500 Index will extend the longest winning streak in almost two months, as data showed Chinese industrial production and retail sales rose for the month of August. S&P 500 futures expiring this month advanced 0.5% to 1,677.2 at 11:35 a.m. in […]

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Hyundai agreed to a wage increase after union pressure

September 10, 2013
Hyundai agreed to a wage increase after union pressure

Hyundai Motor has reached a final agreement with the labor union to end a worker’s protests that have cost South Korea’s largest automaker $921 million in lost production. The Hyundai union voted late on Monday night to approve Friday’s preliminary agreement that included a wage increase of 5.14% and a […]

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Twitter’s purchase of MoPub is its largest acquisition

September 10, 2013
Twitter’s purchase of MoPub is its largest acquisition

Twitter has made its largest acquisition to date with the purchase of MoPub, a mobile advertising company, boosting expertise in its ad sales platform as it prepares to go public in coming months. The deal will help automate ad buying on Twitter and broaden its partnership with traditional media companies. […]

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US stocks gained amid Asian economic data

September 10, 2013
US stocks gained amid Asian economic data

U.S. stocks advanced, giving the Dow Jones Industrial Average its biggest gain since July 11, as exports from China topped forecasts and corporate acquisitions fueled optimism. Retail sales and industrial production data are also supporting the upbeat in world’s second largest economy. The S&P 500 gained 1% to 1,671.71 at […]

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Honda presents Accord Hybrid model as 2014’s top fuel-efficient sedan

September 9, 2013
Honda presents Accord Hybrid model as 2014’s top fuel-efficient sedan

Honda Motor Co., the first car-maker to sell hybrids in the US, said its gasoline-electric hybrid named Accord will be the most fuel-efficient US sedan when it goes on sale, topping competition of Toyota Motor Corp. and Ford Motor Co. models. “Even before it hits showrooms this fall, the Accord […]

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US stock-index futures rose amid China exports

September 9, 2013
US stock-index futures rose amid China exports

US stock-index futures climbed, hinting the Standard & Poor’s 500 index will rise for a fifth straight day, as exports from China, the world’s second-largest economy, exceeded forecasts. Futures on the benchmark Standard & Poor’s 500 expiring this month gained 0.2% to 1,657.1 at 6:21 a.m. in New York as […]

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McLaren steps on China’s market

September 9, 2013
McLaren steps on China’s market

The sport and luxury car-producer McLaren Automotives wants to gain from the world’s second largest economy, as it targets the Chinese upper social class. The British car manufacturer opens its showroom doors in China on Monday as it races to catch up with global rivals in Asian car market. China’s […]

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PetroChina shares trading suspended

September 9, 2013
PetroChina shares trading suspended

Trading shares of China’s dominant oil producer PetroChina Co Ltd was suspended today, the second halt in two weeks, after the investigation of executives on August 27. However, the company said in a newspaper report that more of its executives were being investigated was inaccurate. A PetroChina spokesman assured the […]

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