Our Business News

Business articles & tips that will guide you.

Facebook
RSS

NEW YORK Stock futures rose on Wednesday after comments from China’s new leader boosted global growth expectations.

* Chinese Communist Party chief Xi Jinping said the country would maintain its fine-tuning of economic policies in 2013 to ensure stable economic growth. That sparked a rally in Chinese shares, with the Shanghai Composite Index surging 2.9 percent.

* Nokia is to partner with China Mobile <0941.HK>, the world’s biggest operator, to launch a version of its flagship Lumia smartphone tailored for the world’s largest market. U.S.-listed shares of Nokia rose 2.9 percent to $ 3.54 in premarket trading.

* Repsol filed a U.S. lawsuit to block Chevron Corp’s deal with Argentina’s YPF , ramping up the Spanish oil company’s legal response to the loss of its assets in Argentina.

* Pandora Media Inc lowered its fourth-quarter earnings forecast, blaming a pull-back by advertisers on concerns about the U.S. budget, but analysts suggested it was due more to increasing competition.

* Walt Disney gave a much needed boost to Netflix , becoming the first major Hollywood studio to use the video service to bypass premium channels like HBO that traditionally controlled the delivery of movies to TV subscribers.

* The U.S. securities regulator is investigating a $ 10 million stock sale in March by Steven Fishman, chief executive of close-out retailer Big Lots Inc , who announced his retirement on Tuesday, the Wall Street Journal reported, citing a person familiar with the inquiry.

(Editing by Bernadette Baum)

You must be logged in to post a comment.

Johnston Forklift Tr

Workplace safety is top priority, especially in warehouse facilities with ...

The Impact of a Prof

The Digital Age has transformed many things. In photography it ...

An Overview of Facto

Admittedly, balancing our financial accounts and assets is something that ...

The Biggest Tax Scam

According to the US Treasury, thousands of Americans have been ...

What Does a Stock Br

A stock broker is one of the most intriguing and ...