Weak Google earnings drag Wall St lower October 18, 2012 US stocks fell yesterday, with technology stocks hit hard after Google’s surprisingly weak earnings – released prematurely during the trading day – disappointed investors. Shares of Google lost 8 per cent – the stock’s worst day since 20 January – to close at $695 after the Internet giant’s third-quarter results showed earnings and revenue fell [...]
Bullish expectations over Chinese GDP send FTSE over the 5,900 level October 17, 2012 BRITAIN’S top shares hit their highest level in more than a month yesterday, propelled by strength in risk-sensitive commodity stocks ahead of economic growth data from top consumer China. Gains by miners and energy stocks accounted for nearly all the FTSE 100 index’s gains – adding 21 points and 16 points respectively – on expectations [...]
Housing starts increase sees S&P gain again October 17, 2012 THE S&P 500 rose for the third consecutive day yesterday after housing starts hit a four-year high, but the Dow was weighed down by IBM after it posted weak revenue. Homebuilders’ shares led gains after the Commerce Department said groundbreaking on new homes jumped 15 per cent in September, the quickest pace since July 2008. [...]
How to manage any MBA application fears October 17, 2012 THIS year’s MBA students have only just begun their studies, but the first deadline for next year’s applicants has already passed. You haven’t missed the boat – schools accept new students on a rolling basis over the full year. But it’s clearly never too early to apply. Despite the incentive of urgency, the process of [...]
Don’t rule anything out when seeking to finance your MBA October 17, 2012 How to secure the funding necessary for an MBA is a cause for legitimate concern among candidates – especially when the cost can be over £41,000 per year, plus living expenses. Nowadays, less state funding is available, and “high-street bank loans have almost entirely disappeared”, says George Murgatroyd, research manager at the Association of MBAs. [...]
Strong bank stocks drive FTSE 100 towards top of recent trading range October 16, 2012 BRITAIN’S top share index notched up strong gains yesterday, and was on the cusp of breaking out of its recent trading range, as investors welcomed a media report saying Germany could adopt a softer approach towards financial aid to Spain. The index was already firmly in positive territory, helped by solid US corporate results and [...]
Earnings relief helps send US stocks higher October 16, 2012 US stocks rose yesterday, giving the S&P 500 its best two-day advance in a month as strong earnings from Johnson & Johnson, Goldman Sachs and other bellwether companies raised hopes for the rest of the reporting season. Johnson & Johnson increased its full-year profit outlook. Its stock rose 1.4 per cent to $69.55, helping the [...]
Accountants can boost UK exports October 16, 2012 Smaller firms need advice before they can expand abroad LEGACY was one of the reasons London won the rights to host the unquestionably successful Olympic and Paralympic games. We all get a warm glow when one of our medallists pops up on Question of Sport or we read statistics showing that thousands are trying new [...]
Japanese giants hungry for acquisitions October 16, 2012 WHEN Japanese mobile operator Softbank smashed records on Monday with a $20.1bn (£12.5bn) deal for 70 per cent of Sprint, it was the largest-ever foreign acquisition by a Japanese company. The acquisition has created a company of 92m mobile users and propels Softbank Group into third place – behind China Mobile and Verizon Wireless – [...]
Spain’s embattled stock index might be about to take a turn for the better October 16, 2012 SINCE last week, Spain’s Ibex 35 has shown a Golden Cross, a pattern whereby the 50-day moving average crosses above the 200-day moving average. When short-term moving averages rise above longer-term moving averages, this Golden Cross pattern usually anticipates higher prices. Conversely, when moving averages cross below longer-term ones the pattern is known as Death [...]