Stocks rose Thursday as earnings from Ford Motor and Facebook beat expectations.» Read More
*US tech stocks buoyed by Apple; Facebook at record high. Those measures were proposed after a Malaysian Airlines plane was downed over Ukraine last week, killing 298, possibly by a missile furnished by Russia.
*Q2 op profit 606 bln won vs 524 bln won analyst view. SEOUL, July 24- LG Electronics Inc signaled further improvement in its mobile business after record smartphone sales propelled the South Korean manufacturer to its highest quarterly profit in more than three years.
BEIJING, July 24- The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets. Apple Inc's latest quarterly results showed sales of its high-end phones in China grew at nearly twice the pace analysts had expected.
*US tech stocks buoyed by Apple; Facebook at record high. LONDON, July 24- The euro pulled off 8- month lows against the dollar on Thursday after the bloc's private sector expanded at its fastest rate in three months in July, and emerging equities hovered near 17- month highs after strong Chinese data.
The pan-European FTSEurofirst 300 slipped 0.2 percent in early trade to 1,372.80 points, with benchmark indexes in France, Germany and the UK down 0.3 to 0.6 percent.
Pedro De Noronha, managing partner at Noster Capital, discusses the "make believe" valuations of technology stocks such as Netflix, adding that Apple could be "obsolete" in two to three years.
*Tech stocks boosted by Apple, Facebook hit record high. The HSBC flash PMI for China came in at 52.0 for July, well above forecasts of a small rise to 51 in July and the highest reading in 18 months. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent, and Australia notched another six-year peak.
SK Hynix said shipment growth would slow in the third quarter as it posted its first drop in quarterly profit in two years.
SEOUL, South Korea— LG Electronics Inc. reported a forecast-beating quarterly profit Thursday and gave an upbeat outlook for smartphone profitability as its mobile division ended a streak of losses. Like other South Korean exporters, LG Electronics said the strength of the country's currency, the won, eroded its oversea profits.
Social media giant Facebook reported bumper earnings growth on Wednesday, but some analysts have called into question how long the party will last.
*Tech stocks boosted by Apple, Facebook hits record high. The news injected some life into what had been a very sluggish session, and helped China's CSI300 index of leading Shanghai and Shenzhen A-share jump 1.1 percent. Japan's Nikkei added 0.2 percent while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.
SAN FRANCISCO, July 23- Federal Trade Commissioner Julie Brill, speaking in Washington on Wednesday, expressed concern about the way apps on smartphones and mobile devices are siphoning sensitive health data, and how some of that information may then be shared with third parties.
*Tech stocks boosted by Apple, Facebook hits record high. SYDNEY, July 24- Asian stocks inched higher on Thursday, encouraged by upbeat corporate results and a record close on Wall Street, while unrest in the Middle East and Ukraine underpinned demand for high-rated bonds. MSCI's broadest index of Asia-Pacific shares outside Japan was up a slim 0.09 percent.
SYDNEY, July 24- The New Zealand dollar skidded to a six-week low on Thursday after the country's central bank switched to a wait-and-see stance following its fourth straight rate hike, while other major currencies snoozed. The kiwi dollar dropped nearly a full U.S. cent to as low as $0.8606, touching levels not seen since June 12.
An earnings deluge will hit the stock market Thursday, and analysts say that mostly good reports could continue to drive new highs.
Customers love their food. But the CFO says there's little appetite for a stock split.
SAN FRANCISCO— Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley.
July 23- Cirrus Logic Inc, a supplier of audio chips for the iPhone, forecast current-quarter revenue slightly below the midpoint of analysts' estimates. Cirrus, which gets about three-quarters of its sales from Apple Inc, said it expected second-quarter revenue of between $175 million and $195 million.
*Apple rallies after results, boosting tech names. NEW YORK, July 23- U.S. stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple's bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Delta Air Lines Inc., up $1.47 to $39.15. GlaxoSmithKline Plc., down $3.18 to $50.04.