Sprint gains advantage on Clearwire acquisition bidding

June 21, 2013
Sprint gains advantage on Clearwire acquisition bidding

SprintNextel Corp., currently being Clearwire’s majority shareholder, has been competing with Dish Network Corp. over Clearwire since January as both companies see Clearwire as the help they need to boost their wireless services. Sprint Nextel Corp. raised its buyout offer for Clearwire Corp. to $5 per share yesterday. The decision […]

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Record low day for Dow Jones, S&P 500

June 21, 2013
Record low day for Dow Jones, S&P 500

The worst day of the year for main US benchmark indexes was recorded yesterday. One day after Fed’s Chairman Ben Bernanke confirmed investor’s surmise that government bond buying program is going to start reducing stimulus till the end of the year. The Dow Jones Industrial average lost 353 points, or […]

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EU regulators demand strict data protection from Google

June 20, 2013
EU regulators demand strict data protection from Google

A co-ordinated move by regulators of six European countries aims to threaten Google to pay several million euros if the company doesn’t address its data privacy issues within three months. “Time is running out for Google to get serious about data protection,” Viviane Reding, the EU’s top justice official in […]

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General Motors climbs on top of quality report

June 20, 2013
General Motors climbs on top of quality report

“It’s a thousand little things that are done just an inch better at a time that adds up to getting a product that’s right at the top of the list,” Mike Hardie, director of global quality strategy at GM, said yesterday in an interview for Bloomberg. General Motors saw themselves […]

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Predicting S&P 500 using the Chocolate indicator

June 20, 2013
Predicting S&P 500 using the Chocolate indicator

Hershey’s, the widely known chocolate manufacturer, is not only popular with its boxes of chocolate. Among investors the chocolate giant has other important uses. For example, some analyst believe that Hershey’s sales can tell you much about where the market would go next. The logic behind the candy-maker is explained […]

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UK banks should raise 13.7 billion pounds more for self-insurance

June 20, 2013
UK banks should raise 13.7 billion pounds more for self-insurance

Bank of England said in a statement today that five UK – based banks should raise 13.7 billion pounds more to offset the 27 billion pound gap in capital. In March 2013, Bank of England said lenders could face losses of about 50 billion pounds over the next three years, […]

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Microsoft drops game-play restrictions on its Xbox One platform

June 20, 2013
Microsoft drops game-play restrictions on its Xbox One platform

Microsoft Corp. has cut out the restrictions on sharing the Xbox One games. Furthermore the new console will not be requiring daily online authentication. The multinational software company said it would no longer require Xbox to connect to the Internet every 24 hours, nor would it restrict how its video […]

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US stocks plunged after Fed’s statements on stimulus

June 20, 2013
US stocks plunged after Fed’s statements on stimulus

US stocks sharply declined yesterday right after the Fed’s Chairman Ben Bernanke appeared in a press conference. He pointed out the central bank may reduce bond purchases later this year if the economy strengthens. On the press conference Wednesday afternoon, Fed chairman Ben Bernanke explained: “Our purchases are tied to […]

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Stocks to watch, the early movers

June 19, 2013
Stocks to watch, the early movers

FedEx, reported quarterly results at 7:30 EDT this morning. The company exceeded estimates with earnings posting $2.13 a share when forecast was for $1.96. The revenues were in line with expectations. The company says it’s still struggling with economic growth as it has experienced a shift away from its more […]

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Major orders placed for Airbus and Boeing planes

June 19, 2013
Major orders placed for Airbus and Boeing planes

The Paris Airshow started today with major orders placed for the Airbus A380 and for Boeing’s 787 Dreamliner. Both companies were stating positive numbers as the demand of planes vastly increased after the show. Boeing attracted order for 30 of its 737 MAX 8 aircraft. The deal is worth $3 […]

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