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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TUI plans on buying 60 Boeing airplanes in a huge deal

May 31, 2013
TUI plans on buying 60 Boeing airplanes in a huge deal

TUI Travel Plc stated it plans to buy 60 Boeing 737 MAX aircraft and will consider the purchase of another 90 planes as the company is looking for high fuel efficiency. The travel company owns six European airlines said the order of that proportion should be discussed with shareholders till […]

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UK cuts result in hunger

May 31, 2013
UK cuts result in hunger

In an attempt to boost the economy and take it back to the favorable levels UK government is forced to make spending cuts. The unemployment of 7.8% has been a reason for more than 500 000 people to be going hungry as food becomes more expensive, jobless claims rise. Max […]

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