European stock indexes decline after Bernanke’s testimony

July 19, 2013
European stock indexes decline after Bernanke’s testimony

European stocks were little changed, as the main benchmark is heading to a session of loss, as China scrapped a lower limit on lending rates, in a compliance with losses in technology shares. U.S. futures were little changed, while Asian shares dropped. The Stoxx 600 fell less than 0.3% to […]

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US index futures retreat as tech industry shows weak earnings

July 19, 2013
US index futures retreat as tech industry shows weak earnings

U.S. stock-index futures dropped, hinting benchmarks will retreat from record high levels, as earnings from Microsoft Corp. and Google Inc. missed analysts’ estimates. Futures on the Standard & Poor’s 500 Index expiring in September fell 0.1% to 1,678.3 at 10:45 a.m. in London. Future Contracts on the Dow Jones Industrial […]

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Google hit by ad pricing and Motorola sales

July 19, 2013
Google hit by ad pricing and Motorola sales

Google’s stock fell about 1% at close and falling 5% in after-hours trading as it missed Wall Street forecasts for both revenues and earnings, as ad pricing came under renewed pressure from the shift to mobile and Motorola segment disappointed. A substantial 6% drop in the price of each ad […]

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Microsoft suffers from PC and Tablet markets decline

July 19, 2013
Microsoft suffers from PC and Tablet markets decline

The continuous decline of PC sales and a $900 million charge against profits coming from weak demand for its Surface tablet hit Microsoft’s revenues and earnings in the latest quarter, according to figures released on Thursday. The news came a day after Intel slashed its forecasts for a partial recovery […]

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US stock indexes with record highs as US earnings season delivers

July 19, 2013
US stock indexes with record highs as US earnings season delivers

U.S. stocks gained, sending benchmark indexes to record highs, as earnings from financial institutions jumped. Revenues beat estimates and jobless claims fell amid testimony from Federal Reserve Chairman Ben S. Bernanke. The Standard & Poor’s 500 Index gained 0.5% to 1,689.37 at 4 p.m. in New York. The index surpassed […]

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Morgan Stanley earnings surged amid US earning season

July 18, 2013
Morgan Stanley earnings surged amid US earning season

Morgan Stanley reported its second quarter net income almost doubled to $980 million following a jump in demand for trading and investment banking activity. Revenues rose 22% to $8.5 billion in the three months to July. Adjusted earnings per share, which strip out the effect of an acquisition were 45 […]

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Disney cut costs such as car allowances to boost profits

July 18, 2013
Disney cut costs such as car allowances to boost profits

Walt Disney Co. is removing some benefits such as executive car allowances as the world’s biggest entertainment company looks to further boost profitability. Disney has been reducing costs by cutting hundreds of jobs, closing offices and outsourcing duties like video-game development as it looks to create bigger profit margins and […]

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US stock index futures almost unchanged, as jobless claims drop

July 18, 2013
US stock index futures almost unchanged, as jobless claims drop

U.S. stock futures slightly advanced, indicating a second day of modest gains for benchmark indexes, as jobless claims fell to a two-month low and investors awaited Federal Reserve Chairman Ben Bernanke’s testimony. Future contracts on the Standard & Poor’s 500 Index expiring in September gained 0.2% to 1,679.20 at 9:00 […]

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Nokia and Ericsson’s shares fall

July 18, 2013
Nokia and Ericsson’s shares fall

Nokia shares fell as the smart phone maker sold the fewest number of mobile phones in a quarter of eight years as shipments of both top-end smartphones and basic devices disappointed. The sales of 61.1 million mobile devices in second quarter are highly disappointing comparing to analysts’ average estimated 63.5. […]

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Intel earnings drop, triggered by weak PC sales

July 18, 2013
Intel earnings drop, triggered by  weak PC sales

Intel has cut its financial forecasts for the rest of the year after concluding that sluggish PC market would not see the recovery it had been expecting in the second half of 2013. Brian Krzanich, the company’s new chief executive, explained that the world’s biggest chip-maker had been shifting strategy […]

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