S&P 500 clocks another record high close as tech stocks shine
Up, up and away as Wall Street notched up fresh record highs on Wednesday, and after-hours earnings from online auction house eBay set the market up for a higher start the next day
Company
Memex Automation
CVE:OEE
Memex Automation is the leader in real-time shop-floor-to-top-floor technology solutions. Memex’s flagship product MERLIN delivers Overall Equipment Effectiveness (OEE) metrics in real-time, enabling manufacturers to enhance production and increase income and profits from operations.
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US shares rise as Microsoft earnings go into the clouds and oil stocks drain again
US shares were higher at midsession Wednesday after a clutch of upbeat earnings reports and buoyant oil prices in the face of draining fuel stockpiles
Cloud computing adds silver lining to Microsoft profits
Microsoft increased quarterly group profit to US$3.1bn (£2.4bn) in the three months to June
Microsoft/ Monsanto to fund agricultural innovation in Brazil
If chosen, a start-up can receive up to R$1.5mln (US$459,000) in new capital
Trending: Trump denied a bite out of the Apple
Technology powerhouse Apple Inc has ruled out supporting the Republican Convention in July, citing its disdain over Donald Trump's public stance on women, immigrants and minorities
Trending: Brexit too risky even for daredevil entrepreneur Richard Branson
The name of Richard Branson's company slips my mind for the moment ... Also featured: tax dodging, pension black holes, success for Sound Energy and GameAccount Network
Investments and investor services
Papers: Revlon blushing with Elizabeth Arden acquisition
Also, Microsoft, Viacom, Joylent, Samsung, Linkedin.com and more...
Trending: Some Woohoo At Yahoo! from Citigroup brokers
Yahoo! Inc the internet portal could well do with some good news after a difficult start to 2016 and on Thursday it received a shot in the arm from brokers at Citigroup, who raised their recommendation to Buy from Neutral
Trending: Is this the week of weaker social media mop ups?
Consolidation started on Monday when struggling professional social network LinkedIn was approached by Microsoft but by mid-week the market was digesting news that Twitter has bought a chunk of audio file sharer SoundCloud
US stocks close lower over oil, Brexit and the Fed meeting this week
US stocks closed lower on Monday as weaker oil prices, worries over a possible UK Brexit vote and anxieties ahead of the Federal Reserve rate meeting midweek, unsettled the bourse
US stocks drop as weaker oil, Brexit vote and Fed rate meeting this week weigh
US stocks as a whole fell at midsession on Monday as oil prices slid again, but there were some notable bourse gainers too
Investments and investor services
US stocks roused from their slumber by blockbuster bid for LinkedIn
Microsoft's bid for LinkedIn sent the latter's shares soaring and also gave a leg-up to Twitter.
LinkedIn and Eleven Bio brighten an otherwise sombre market
Microsoft's bid for LinkedIn sent the latter's shares soaring and also gave a leg-up to Twitter.
Trending: Microsoft outlaws Terrorism
The makers of Windows for PCs are not sitting on the fence as Microsoft Corp cracks down on content which is considered to be terrorism. But what exactly does that mean? Who defines it? And is it open to abuse? At very least, it is open to
Hardware & electrical equipment
Trending: Banking on Apple in Canada
While Facebook applied two years ago for a banking licence in the United States and has since begun developing initiatives to offer methods for its users to store cash and pay for services via the social network, Apple is formalising relati
Investments and investor services
Papers: Gannett US$388mln Tribune Publishing takeover
Also covered: Microsoft, Facebook, Apple and Google
Closing index values
S&P 500: 2,091.58, +0.10 Nasdaq Composite: 4,906.23, -39.66 S&P 400: 1,477.05, +11.90 Russell 2,000: 1,146.69, +10.92
Slew of results disappointments hamstring S&P
Heavyweights Microsoft, American Airlines, Starbucks and Alphabet were all in the doghouse, but small and medium caps were making progress
Small and mid-caps lead the way as Nasdaq Composite falters
Microsoft and Alphabet dragged the Nasdaq Composite into the red, but small and mid-cap stocks got off to a solid start
Investments and investor services
Small and mid-caps lead the way as Nasdaq Composite falters
Microsoft and Alphabet dragged the Nasdaq Composite into the red, but small and mid-cap stocks got off to a solid start