BlackBerry message system BBM expanding reach

May 16, 2013
BlackBerry message system BBM expanding reach

The Research in motion Ltd. (BlackBerry) announced plans to push forward the new message system and make it available for Android operating system thus usable to Apple and Google. BBM has around 60 million active users. Entering in this deal BBM has to compete with other instant message products such […]

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Cisco beats estimates

May 16, 2013
Cisco beats estimates

Cisco Systems Inc., the largest computer networking manufacturer, reported 14.5% profit raise from last year. The boost in quarterly sales led to a similar boost in earnings per share. The world leading computer gear maker struggled in recent years because of low demand and severe competition.Thousand of jobs had to […]

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US industry indexes’ standstill

May 15, 2013
US industry indexes’ standstill

US stock futures pointed slightly lower levels than predictions, following a negative manufacturing news. The PPI (Producer Price Index) stands almost on same level as predicted (-0.7%). But that’s not the case with industrial production which comes down to -0.1% from previously predicted +0.5%.The capacity factor slightly dissapoints predictions falling […]

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UK stocks breath holding before US industry data

May 15, 2013
UK stocks breath holding before US industry data

The UK benchmark index FTSE 100 (UKX) commited the highest raise in more than 5 years. Easyjet Plc (EZJ) stated forecasts for improvement in profitability for the whole year and their stock advanced by 5.9%. Stock Exchange Group Plc beat analyst predictions and raised by 2.6 percent. There were some […]

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Sony’s forecasts and the new PS4

May 15, 2013
Sony’s forecasts and the new PS4

After today’s announcements of latest company’s earnings Sony forecasts operating profit to stay steady till March 2014. Last year Sony reached its highest in 5 years due to the weakening yen which boosted sales. The weak currency made Sony’s products more pricely competitive in consumer electronics business. Sony’s operating profit […]

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David Tepper called US banks a “good” sector

May 14, 2013
David Tepper called US banks a “good” sector

The hedge fund-manager David Tepper boosted US small business confidence as commenting on S&P 500 eight record over past nine sessions. Bank of America and Citigroup inc. rose by 1.3%, S&P 500 did a 0.4% jump and Dow Jones Industrial Average grew by 0.3%. According to JP Morgan’s global market […]

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Boeing and Airbus in competition for Paris Air Show 2013

May 14, 2013
Boeing and Airbus in competition for Paris Air Show 2013

Paris Air Show is the world premier and largest air event in aviation and space industry. The most anticipated event for Boeing and Airbus who will present their vehicles in a fierce competition. Both companies switch roles in previous years as in 2011 the European manufacture led with $44 billion […]

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Lehman accuse non-profit organisations for company’s bankruptcy in 2008

May 14, 2013
Lehman accuse non-profit organisations for company’s bankruptcy in 2008

Lehman brothers, the ex-global financial service firm stated their view of what caused the financial crisis in 2008. Lehman set off the so called avalanche of bankruptcy in US, bringing a crisis on a worldwide scale. Lehman now says it was misled by scores of nonprofit organizations. Just before the […]

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All eyes on Tesla Motors

May 14, 2013
All eyes on Tesla Motors

Tesla is a well known maker of sporty battery operated vehicles and has been put on the spot regarding their first profit in their 10 year history since Tesla went public.The company reported its first quarter profit and their shares went up by 41% so far causing immense euphoria. Despite […]

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“Sell in May and go away”

May 14, 2013
“Sell in May and go away”

A popular quote on wallstreet reveals a time-proven strategy The US market as any, typically has cycles of strength and weakness. The summertime blues is one of them. Many investors advice to stay away from US market seasonal weaknesses but hiding behind bonds or just waiting is not an option […]

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