Daxx index declines from record

May 21, 2013
Daxx index declines from record

Germany’s stocks declined today for the first time in more than a week. Daxx Index is down by 0.19% today. German banks Commerzbank AG and Deutsche Bank AG reported substantial daily drops after JP Morgan Chase downgraded their shares ratings. The benchmark index is up 11% this year mainly due […]

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A wave of mergers on Monday

May 21, 2013
A wave of mergers on Monday

As several analyst defined yesterday as a “slow day” on the market, it also was an dynamic day considering numerous company acquisitions. After the initiative was taken by Yahoo Inc. with the $1.1 billion purchase of Tumblr Inc., many other companies follow their example. The internet giant is going after […]

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UK workers feeling the pressure

May 21, 2013
UK workers feeling the pressure

The job uncertainty in UK seems to be raising as people feel more pressure at work due to job cuts and diminished control over jobs according to national survey of employees. Both, public and private sector workers are increasingly worried about their jobs, 52% of them are concerned about job […]

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US stocks slightly declined after reaching record highs

May 21, 2013
US stocks slightly declined after reaching record highs

S&P 500 Index slightly declined by 0.1% yesterday after reaching a 0.3 climb earlier. Dow Jones Industrial average is down 0.1%. Procter & Gamble Co. and Coca-Cola dropped by 1.2% as consumer good’s companies declined. Health-care shares lost 0.6%, not significantly considering sector rose by 22% this year. Yahoo Inc. […]

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Stocks worth following

May 20, 2013
Stocks worth following

Consumer Goods Cambell is the top performer in packaged food business with $5 above the consensus price of its shares. Company’s estimates are believed to raise even more beginning with sales increase of 12%. Cambell is beating its competitors especially in Europe, a region not particularly favorable for US packaged […]

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GM bounces back to normal levels

May 20, 2013
GM bounces back to normal levels

The General Motor Co. shares price came back almost to 2011 levels following the global economic picture recent months as it closed at $33.42 on Friday. The share price raise led investors to discuss a possible Treasury withdrawal from the auto maker. That would also help GM to get back […]

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Yahoo ready to acquire Tumblr social-blogging site

May 20, 2013
Yahoo ready to acquire Tumblr social-blogging site

Tumblr is a blogging site and social network company founded in 2007 by its current CEO David Karp. The site employs around 175 people. Millions of blogs and billions of post are the main resource the company offers to its users, accompanied by a strong mobile platform. So far, the […]

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Strong economic data offsets recent dips in stocks

May 20, 2013
Strong economic data offsets recent dips in stocks

Dow Jones Industrial Index recorded a new record high to 15354.40, an increase of 0.8%. This is a third record high in last four sessions. The last minute raise in shares helped the index to overcome recent share loss in price. The other average also hit a record high. S&P […]

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Investors agree: Apple is losing edge in innovation

May 17, 2013
Investors agree: Apple is losing edge in innovation

Company’s shares slipped by 40% from last year’s high as investors are loosing confidence of Apple ability as a tech innovator. Following a poll by Bloomberg, 71% of respondents declare that company is falling behind. Of whom 28% suggest this is a permanent trend while 43% believe it’s a temporary […]

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Europe’s car market takes a breather after 18 months of decline

May 17, 2013
Europe’s car market takes a breather after 18 months of decline

New car registrations increased by 1.8% recording first rise since September 2011 acording to ACEA (automotive industry association). That slight climb is believed to be triggered by UK increased demand. The interest in the industry could be explained by seasonal fluctuations related to Easter holiday. Many European markets offered two […]

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