IBM’s Market Value Exceeds Microsoft’s
It has been reported that IBM’s market value now exceeds that of its technology rival Microsoft. This is the first time since 1996 that IBM has beaten Microsoft in terms of its value. On the 29th September IBM finished the day’s trading at a value of $214 billion compared to Microsoft’s value of $213.2 [...]
The European stock markets have taken a dip as a result of nervousness about how the US market will react following the news that the US added no new net jobs to the economy in August. The London stock market dropped 2% by midday on Friday and Frankfurt’s Dax fell 3.1%. Some financial experts are [...]
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It has been revealed that the Bank of America is planning to sell off about half of its 10% share in China Construction Bank for $8.3 billion, in order to boost its cash assets. The Bank of America is the largest US bank and it hopes that the sale will help to boost the amount [...]
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Shares in Apple have fallen on the New York stock exchange following the news that chief executive Steve Jobs had resigned from his position. Early indications show that Apple shares were down 2.5% before closing down 0.66% at $373.69. Mr Jobs is well known for being the co-founder of Apple and is very well respected [...]
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The Australian airline Qantas has seen its annual profits double in the last 12 months. It is thought that this is due to a strong demand for its domestic flights. The profits are up even though they have reported a dip in the number of international travellers that are using the service. The airline’s net [...]
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The American owners of the UK football club, Manchester United (the Glazer family) have announced that they are considering a share sale in Singapore in order to raise money for the club so that they can reduce its debts. According to reports the club are looking at a number of refinancing options and a share [...]
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Latest reports have stated that the economy in the United States created around 117,000 jobs in the month of July. The figures are higher than were originally anticipated and have been produced by the US Labor Department. The latest employment numbers mean that the overall level of unemployment across the United States has fallen from [...]
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The UK budget airline Easyjet has announced a rise in profits and in a reaction to the good profit announcement the market responded by rising the value of shares the company by more than 16%. The figures for the three months leading up until June were very positive for the company and were up by [...]
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The Mobile phone maker, Sony Ericsson has made statement saying that it is still feeling the negative effects following the Japanese earthquake. It has stated that it has suffered a $71 million loss in the quarter ending in June. In the statement that was released by Sony Ericsson it was revealed that as a result [...]
Continue reading …Wal-Mart Stores, Inc. (NYSE:WMT) percentage change dropped -0.65%, to close at $55.18 and its overall traded volume was 11.43M shares while reporting, against its average volume of 9.30M. WMT opened at $55.50 and is trading within the range of $54.95-$55.54. The stock has a 52 week low of $47.77 and 52 week high of $57.90. [...]
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