Tuesday market boom

May 29, 2013
Tuesday market boom

This Tuesday US stock prices, influenced by consumer confidence significant raise and record home price jumping, have been surging. DJIA (Dow Jones Industrial average) returned to record levels, S&P 500 and Nasdaq also jumped by more than half percent. One of the biggest gainers yesterday Tesla Motors – the electric […]

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Apple to bet on wearable technology

May 29, 2013
Apple to bet on wearable technology

Apple’s CEO joined the opening session of the D11 conference – an annual gathering of tech and media specialists.  Cook gave a vast interview answering questions about Apple’s new products in progress. There have been a recent rumor that company is preparing to launch a new product called iWatch and […]

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US Stock Futures rise on positive housing data

May 28, 2013
US Stock Futures rise on positive housing data

Valeant Pharmaceuticals International Inc. rose 10% due to its acquisition of a company named Bausch & Lomb Holdings Inc. for a price of $8.7 billion. Google, the internet giant rose by 1.1%. Tiffany’s rose by 6% after company reported better than estimates first quarter earnings. S&P 500 Index is catching […]

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European stocks positive awaiting US data

May 28, 2013
European stocks positive awaiting US data

European stocks reported a climb in recent in benchmark indexes as EURO STOXX 50 raised 1.34%, CAC 40 jumped by 1.32%, DAX 30 rallied 1.25%. There is still a trend of cautiousness among investors as they consider Fed move towards reducing stimulus in upcoming months. Financial stocks were among the […]

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Volkswagen on pressure by labor union

May 28, 2013
Volkswagen on pressure by labor union

Volkswagen the car manufacturer is considering a deal with the labor union IG Metal for wage raise of workers at German factories. According to Reuters more than 100 000 workers are going to be covered by the deal just as the automobile maker is struggling with sales and profits. Volkswagen […]

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Valeant to buy Bausch & Lomb for $8.7 cash

May 27, 2013
Valeant to buy Bausch & Lomb for $8.7 cash

Valeant Pharmaceuticals International Inc., Canada’s largest drug-maker decided to buy Bausch & Lomb Holdings Inc., the eye-care company owned by Warburg Pincus LLC for about $4.5 billion. Valeant would most definately have to spend $4.2 billion covering Bausch & Lomb’s debt bringing the value to total of $8.7 billion said […]

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FIAT leads European stock raise

May 27, 2013
FIAT leads European stock raise

European Stocks rebounded today from a last week’s significant drop. Car manufacturer Fiat was among the leading gainers showing indications of buying out Chrysler’s US unit. However, many investors were positioning for a market pullback expecting that a possible decrease of US stimulus could result in a drop of market […]

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Stiglitz on US stimulus policy

May 27, 2013
Stiglitz on US stimulus policy

The Nobel prize winner economist Joseph Stiglitz confirmed Bernanke’s testimony that cutting the stimulus package would be a step taken too early for the economy considering its recent stability. Bloomberg cited Stiglitz saying “It’s the only stimulus” he stated on 25th of May, “Clearly the economy is not back to […]

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Yahoo on a purchasing streak

May 27, 2013
Yahoo on a purchasing streak

After sealing the acquisition of Tumblr for $1.1 billion last month and purchasing a couple of small companies, Yahoo reported another one. This time the internet giant is adding a company called PlayerScale to the list. The sum of the acquisition wasn’t disclosed but most likely it was one of […]

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UK stocks dipped, investors consider Fed

May 27, 2013
UK stocks dipped, investors consider Fed

The London-based head of portfolio strategy of Brewin Dolphin Securities Ltd. “It looks like we either see an economic downturn in the US or monetary stimulus is going to slow. For the analyst that is not favorable condition to invest. They are waiting for signs and more information about which […]

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