US stock-index futures advance amid Iran deal

November 25, 2013
US stock-index futures advance amid Iran deal

U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index will extend its record from last week, as Iran agreed to limit its nuclear program. Futures on the S&P 500 expiring in December advanced 0.3% to 1,807.60 at 7:17 a.m. in New York. The benchmark index rose for the […]

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Cyber Monday extends over most of the season on fierce e-commerce competition

November 25, 2013
Cyber Monday extends over most of the season on fierce e-commerce competition

Cyber Monday, is one of the busiest online-commerce days of the year. Recently analysts observed it is spilling into the rest of the holiday season as more consumers use mobile devices as a more convenient method to shop online. Many shoppers are not waiting to return to work on the […]

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Apple steps to acquire Israeli motion sensor maker

November 25, 2013
Apple steps to acquire Israeli motion sensor maker

Apple Inc. agreed to acquire PrimeSense Ltd., the maker of motion-tracking technology that was used in Microsoft Corp.’s Xbox game console. The Apple’s spokeswoman confirmed the purchase yesterday in a telephone interview according to Bloomberg adding that Apple tends to acquire smaller technology companies without saying the purpose of the […]

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Microsoft’s Xbox One reports over 1 million sales

November 24, 2013
Microsoft’s Xbox One reports over 1 million sales

Microsoft answered the challenge posed by Sony and have sold over 1 million of its new Xbox One game consoles within 24 hours of their intro to the US market on Friday. The new console, which launched in 13 countries, while PS4 was concentrated on fewer markets, set a record […]

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US stocks rose wrapping S&P 500’s seventh week of gains

November 23, 2013
US stocks rose wrapping S&P 500’s seventh week of gains

US stock indexes gained, recording a seventh week of gains for the Standard & Poor’s 500 index, after initial jobless claims showed the pace of hiring increased and drug-makers were boosted by positive news of favorable decisions by European regulators. The S&P 500 added 0.5% to a record 1,804.76 at […]

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United Continental is struggling to better compete Middle Eastern carriers

November 22, 2013
United Continental is struggling to better compete Middle Eastern carriers

The Chief Financial Officer of the United Continental Holdings Inc. (UAL), John Rainey said yesterday in an interview that his company is interested in Boeing Co. new 777 planes in an attempt to better compete long-range flying as it braces for increased competition from Middle Eastern carriers such as Emirates. […]

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Japan’s stock outlook by Goldman Sachs boosted sixth time this year

November 22, 2013
Japan’s stock outlook by Goldman Sachs boosted sixth time this year

Although there are growing concerns about the economic policy of the Japanese Prime Minister, Shinzo Abe, Goldman Sachs raised its one-year outlook for Japanese shares, boosting their price target for a sixth time in the current 2013 year. In a yesterday’s report by a group of strategists led by Kathy […]

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Novartis with an ambitious $5 billion buy-back program, strategic review of business units

November 22, 2013
Novartis with an ambitious $5 billion buy-back program, strategic review of business units

Europe’s biggest drugmaker by sales, is planning to repurchase $5 billion over the next two years and to expand its business to new areas. The company made a statement earlier today that the buy-back program is set to start immediately. The statement was made just before the start of the […]

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US government plans to withdraw its stake from General Motors

November 21, 2013
US government plans to withdraw its stake from General Motors

US treasury stated that it plans to sell its remaining shares of General Motors by the end of this year. The withdrawal may relieve taxpayers of about $10 billion. Treasury has reported today that it sold $70 million worth of GM shares which added to the rest sums to $38.4 […]

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Toyota’s hydrogen fuel-cell car to compete with Tesla models

November 21, 2013
Toyota’s hydrogen fuel-cell car to compete with Tesla models

Tesla Motors Inc. has been in the center of news recently as the auto maker had to deal with engine fires investigated by US auto regulators . Meanwhile, other luxury manufacturers like Porsche have begun to attack the alternative energy car market on their own. However, as of right now, […]

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