Apple accused of e-book price fixing

June 3, 2013
Apple accused of e-book price fixing

Apple is going to trial today to face government allegations that company took part into a conspiracy with book publishers resulting in pricier e-books for the consumer. The trial which puts iPad manufacturer against the US Justice Department is said to be a test of interaction policies between retailers and […]

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US stock futures rise after Friday’s stock fall

June 3, 2013
US stock futures rise after Friday’s stock fall

US stock futures forecast a higher open today despite Chinese data showing uncertainty over the growth of the country’s economy. Before market open Dow Jones Industrial Average futures pointed to a 0.48% raise, S&P 500 futures suggested 0.40% increase and NASDAQ futures show 0.32% climb. Earlier today market sentiment improved […]

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Auto sales to be reported today

June 3, 2013
Auto sales to be reported today

US auto sales forecasts for the month of May are to be released today. The numbers are estimated to rise by 6.5% to a seasonally adjusted annual rate of 15 million vehicles according to Edmunds.com, a site for auto sector information. The US automobile industry is not only expected to […]

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Everyone vs Apple: competitors press on the tech giant

June 3, 2013
Everyone vs Apple: competitors press on the tech giant

Apple has been on the top of the corporate headlines for the most part of last month. The company was accused for its tax evading policy using Irish subsidiaries and saving billion of dollars. The discussion of weather or not Apple was the one to blame, did no more than […]

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US stocks finish weak a strong May

June 3, 2013
US stocks finish weak a strong May

US stocks recorded a serious drop on the last day of the month. The benchmark indexes recorded a significant drop, however not strong enough to change the positive outlook for the month. Among all 10 industries included in S&P 500, only technology and financial sectors recorded climbs while the rest […]

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Goldman Sachs recent deals and failures

May 31, 2013
Goldman Sachs recent deals and failures

Goldman Sachs has missed two of the biggest acquisitions of the year. The bank didn’t take part in the $23 billion merger of Heinz Co. by Brazilian investment firm 3G capital  and Warren Buffett’s Berkshire Hathaway Inc. announced in February. The company also worked with private-equity firms in an attempt […]

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Dell shareholders to face takeover offer

May 31, 2013
Dell shareholders to face takeover offer

The board at Dell said that a takeover offer would be acting in best interest of company’s shareholders. Dell’s founder and CEO Michael Dell has offered $13.65 per share to take the company private, according to filings with the Securities and Exchange Commission on Friday. The offer has been facing […]

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US stock index futures fall before important data

May 31, 2013
US stock index futures fall before important data

US stock indexes are supposed to fall today as futures pointing to a decline. The S&P 500 Index would most likely stop its seven month grow as investors await US data on consumer confidence and business activity. S&P 500 futures fell by 0.5% as Dow Jones Industrial Average followed by […]

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Samsung picks Intel for its Galaxy tablet

May 31, 2013
Samsung picks Intel for its Galaxy tablet

Samsung electronics have selected Intel processors to power the new version of its Galaxy tablet. The Android based product is one of the top sellers for the company and this is exactly what Intel needed to fuel its 23.7% year to date climb. Samsung has chosen Intel’s Clover Trail mobile […]

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US tech sector turns green

May 31, 2013
US tech sector turns green

The US tech sector was raising share prices yesterday as the demand was increasing. Investors have noticed the unconvincing US data earlier yesterday which gave no reason for the Fed to cut back on stimulus. Therefore, the road is clear for analysts to make predictions. EMC Corp. shares climbed 5.4% […]

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