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  • Stocks on the American exchange declined sharply, as the political stalemate over how to extend the government’s borrowing authority entered its second week. The federal government has been in partial shutdown since October 1 after Democrats and Republicans failed to reach an agreement on extending the debt ceiling. One week later, the threat of a

  • US stocks ended their worst losing streak in nine months after jobless benefits unexpectedly dropped last week, overshadowing a budget stalemate that could result in a government shutdown next month. Fewer Americans are filing for jobless benefits these days, according to a weekly report from the Labor Department. Unemployment claims fell 5,000 last week, sending

  • Stock market » S&P 500 nears record high amid FOMC
    September 18, 2013, 10:00 GMT

    The Standard and Poor’s 500 rose for the tenth time in the last 11 sessions as the FOMC coalesced in Washington for its September meetings. The benchmark index approached its record high of 1,709.67 as consumer staples, healthcare and technology stocks soared. Microsoft Corporation (NASDAQ:MSFT) led all trade activities after announcing it would boost dividends

  • Shares of Microsoft Corporation (NASDAQ:MSFT) were up 0.39 percent after the company announced a $40 billion stock buyback plan and increasing its divided 22 percent. The world’s leading software maker wishes to reward investors as the company undergoes a shift in strategy and leadership. Last month Microsoft CEO Steve Ballmer announced he would retire within

  • Stock market » Microsoft shares pop on dividend bump
    September 18, 2013, 09:51 GMT

    Shares of Microsoft (NASDAQ:MSFT) traded higher on Tuesday morning following a number of key announcements from management. The company will now be upping its quarterly dividend alongside an additional share repurchase program. Microsoft’s new share repurchase program replaces a previous $40 billion repurchase program that was set to expire at the end of the month.

  • Shares of Pandora (NYSE:P) traded sharply to the upside following the announcement the company would be hiring Brian McAndrews as its new Chief Executive Officer. The former executive at Madrona Venture Group, Microsoft (NASDAQ:MSFT) and aQuantive, will succeed Joe Kennedy as CEO, president and chairman of Pandora. According to sources behind the deal, McAndrews will

  • Stock market » US stocks soar on China trade balance
    September 10, 2013, 11:21 GMT

    US stocks carried their momentum forward into Monday after Chinese trade data topped forecasts. China’s August trade balance showed exports rose 7.2 percent, compared to 5.1 percent the previous month. The rate of growth for imports was slower than expected at 7 percent. Consumer inflation stayed below government target, rising at an annualized rate of

  • Business » Blackberry speculation follow Nokia deal
    September 5, 2013, 20:32 GMT

    Earlier in the week technology giant Microsoft (NASDAQ:MSFT) announced it would be paying $7.2 billion in cash to its partner Nokia (NYSE:NOK) for the company’s mobile handset segment. Included in the deal were a number of key patents and technological data, previously unavailable to Microsoft. Consequently, shares of Nokia soared as the street attempted to

  • Stocks in the US got off to a positive note on the heels of Monday’s stronger than expected Chinese and EU PMI reports.  The positive data along a news that Verizon (NYSE:VM) and Vodafone (NASDAQ:VOD) agreed to a buyout deal on Vodafone’s share of Verizon Wireless, helped stocks gain ground on the open. Also announced

  • Business » Microsoft & Nokia agree to $7.2 billion deal
    September 3, 2013, 15:40 GMT

    Shares of Nokia (NYSE:NOK) soared on Tuesday following the announcement it reached an agreement with Microsoft (NASDAQ:MSFT) to sell its consumer handset business segment. For months the street has speculated to the truth behind the rumors surrounding this deal, however, some have argued it was a necessary step for Microsoft. Early in Tuesday’s session shares

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