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Technology - Amazon, Facebook now bigger than Berkshire Hathaway

Amazon and Facebook briefly surpassed Exxon in market value, creating an all tech top five

Friday, July 29, 2016  22:27


World - Ranieri sets survival target for champions Leicester

With a first Premier League title under their belts and a place secured among Europe`s footballing elite, Leicester City could be forgiven for expecting the silverware to just keep coming. Leicester, 5,000/1 outsiders in pre-season, were crowned champions for the first time in their 132-year history in May, handing Ranieri his first domestic title as a manager. Ranieri, who will surely have the tougher task, has been busy in the transfer market, beating the club record outlay twice in a week to secure French midfielder Nampalys Mendy for £13 million ($17.2 million, 15.4 million euros), and Nigerian forward Ahmed Musa for £16.6 million.

Friday, July 29, 2016  21:05


Business - Tech shares and flaccid GDP growth push S&P 500 to record

`Investors are still willing to play chicken with the Fed, thus the S&P 500 has hit a new intraday all-time high,` said Sam Stovall, U.S. equity strategist at S&P Global Market Intelligence in New York. At 2:38 pm, the Dow Jones industrial average was down 0.16 percent at 18,426.73 points and the S&P 500 had gained 0.14 percent to 2,173.15. The Nasdaq Composite added 0.1 percent to 5,160.08.

Friday, July 29, 2016  20:54


Market - Venezuela`s new decree: Forced farm work for citizens

Venezuela`s government issues a decree recently that makes it possible to force workers to work in the country`s fields amid food shortages.

Friday, July 29, 2016  19:12


Business - Alphabet and Amazon wind up stellar quarter for big tech

Google parent Alphabet Inc and e-commerce giant Inc capped a blockbuster June quarter for the five biggest U.S. tech companies as their dominance in key markets helped them defy the `law of large numbers`. Apple Inc, Microsoft Corp and Facebook Inc, as well as Alphabet and Amazon, all blew past Wall Street expectations for both profit and revenue.

Friday, July 29, 2016  16:05


Market - U.S. economy disappoints with 1.2% growth

The U.S. economy only grew 1.2% between April and June compared to the same time a year ago, according to official figures released Friday.

Friday, July 29, 2016  15:47


Business - OPEC oil output set to reach record high in July: survey

By Alex Lawler LONDON (Reuters) - OPEC`s oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations. Top OPEC exporter Saudi Arabia has kept output close to a record high, the survey found, as it meets seasonally higher domestic demand and focuses on maintaining market share rather than trimming supply to boost prices. The increase in OPEC production has added to downward pressure on prices.

Friday, July 29, 2016  15:53


Business - Xerox`s quarterly revenue falls 4.4 percent

(Reuters) - Xerox Corp`s quarterly revenue fell 4.4 percent, the sixth straight quarter of decline, as sales of its printers and copiers slid further and a strong dollar ate into revenue from markets outside the United States. However, net income attributable to the company rose to $155 million, or 15 cents per share, in the second quarter ended June 30 from $12 million, or 1 cent per share, a year earlier. Revenue fell to $4.39 billion from $4.59 billion. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Kirti Pandey)

Friday, July 29, 2016  12:03


Most Recent - Stocks: 6 things to know before the open

Here`s what you need to know about the markets before you start your business day.

Friday, July 29, 2016  10:26


World - World markets mixed; BOJ announces modest stimulus expansion

MANILA, Philippines (AP) — European shares were mixed in early trading on Friday after a spotty day in Asia as investors were disappointed by the Bank of Japan`s modest expansion of its lavish monetary stimulus.

Friday, July 29, 2016  10:21

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