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HindustanTimes Thu,02 Oct 2014

Market-Updates

Facebook hits new low after price target cuts

Shares of Facebook Inc fell 4.5 percent to a new low on Friday after brokerages cut their price targets on the company's shares, saying several lock-up expirations over the next year will weigh on the stock.

Facebook says CEO won't sell stock for 1 year

Facebook's stock got some reprieve in after-hours trading done on Tuesday after the company said its CEO, Mark Zuckerberg, won't sell stock in the company for at least the next 12 months.

Facebook CEO commits to lock his stock for 12 months

Facebook CEO Mark Zuckerberg has no intention to sell his stock for at least 12 months, said the social network company in a regular public filing.

Glum Nokia banks on new camera tech

Nokia and Microsoft Corp took the wraps off the struggling European company’s most powerful smartphone on Wednesday, in what may be their last major shot at reclaiming a market lost to Apple, Samsung and Google.

Prior to iPhone 5 launch, Samsung shares hit 3-week high

Shares in Samsung Electronics rose more than 3 percent to their highest intraday levels in more than three weeks on Wednesday, shrugging off rival Apple Inc's planned unveiling of its newest iPhone.

Samsung rolls out iPhone-bashing ad

Adorned with the tagline "It doesn’t take a genius", Samsung has revealed a print advertisement comparing Apple’s flagship iPhone 5 to its own Galaxy S III. iPhone 5 'not a game-changer': Analysts | REVIEW: Samsung Galaxy S III

Sony plans slimmer PlayStation 3 before year end

Sony Corporation is introducing a smaller, slimmer and lighter version of its PlayStation 3 home console ahead of the year-end holidays as it gears up for growing competition in games from smartphones.

Nasdaq defends Facebook compensation plan-letter to SEC

Nasdaq OMX Group Inc stood by its proposed $62 million plan to compensate firms affected by the fallout from Facebook's botched initial public offering, taking aim at UBS AG, Citigroup Inc and other parties that derided the payback plan.

Many US stores sold out of iPhone 5s

Some stores reported having Apple's newest phone available for walk-up customers, though not all versions of it. A random check of about a dozen stores indicated that most were sold out.

Facebook tumbles on negative comments

Facebook shares plunged after Barron's, the influential markets-focused newspaper and website, said the stock was still sharply overvalued and were possibly only worth USD 15.

Google shares hit new high

Google shares rose more than two percent to a new high of $749.38 at the close of the Nasdaq exchange on Monday and continued to rise in after-hours trading.

FB shares close to half IPO value

Facebook shares plunged after Barron’s, the influential markets-focused newspaper and website, said the stock was still sharply overvalued and was possibly only worth $15.

Microsoft says settlement reached in botnet case

Microsoft says it has settled a computer-fraud case against a website operated by a Chinese businessman that had become a major hub for illicit Internet activity.

Holiday sales critical for Nokia after weak quarter

Nokia is expected to report another quarterly loss next week, raising the stakes for its holiday-season sales battle with smartphone rivals Apple and Samsung.

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