Shell profit warning, cuts spending
A Shell profit warning was followed by an announcement that the Anglo-Dutch company is cutting spending and streamlining operations.
It is also suspending its Arctic...
December pending home sales fell, US
December pending home sales in the US fell steeply, says the National Association of Realtors, which stressed that abnormal weather conditions throughout the country...
US GDP grew 3.2% during Q4 2013, and accelerated since then
The Department of Commerce informed today that US GDP grew by 3.2% in the last quarter of 2013.
It added that economic activity has accelerated...
Most Facebook revenue is generated from advertising
Facebook revenue increased by 63%, reaching $2.6 billion in the fourth quarter of 2013, while profits jumped to $523 million compared to just $64...
Fed bond buying reduced to $65 billion per month
The Federal Open Market Committee (FOMC), the Federal Reserve’s policy-making committee, says today that it will reduce its bond purchases in February from the...
Boeing profits increase by 26% to $1.23bn in Q4 2013
Boeing profits for the fourth quarter of 2013 increased by 26% to $1.23 billion, and revenue rose 7% to $23.79 billion.
However, the company added...
Curbing risky banking activities, European Commission unveils proposals
The European Commission has unveiled some proposals aimed at curbing risky banking activities.
Banks would be banned from using their own funds for investing, a...
Yahoo revenue fell in last quarter, fourth successive decline
On hearing that Yahoo revenue fell in Q4 2013, the company’s fourth consecutive quarterly decline, shares in after-hours trading today were down 5.8% at...
Chinese 4G smartphone market 1,500% increase in 2014, forecast
The Chinese 4G smartphone market is set for an explosive growth of 1,500% this year, says a new report published by IHS Technology.
Shipments are...
US consumer confidence increased for second successive month
US consumer confidence, i.e. the Conference Board Consumer Confidence Index, now stands at 80.7, compared to 77.5 in December 2013, the second consecutive monthly...