Apple stocks may reach USD 700 on new IPad

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Source: Bloomberg
Analysts predict that Apple share price may climb even 19% or above USD 700 a share on the issue of new iPAD. Morgan Stanley's analyst Katy Huberty already has increased company's stock price tagets above USD 700. The mean price target among analysts questioned by Bloomberg equals USD 605. Apple rallied 3.8% to USD 589.58 on Wednesday trade and in total has gained 46% this year. 
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Thu, 15 Mar 2012 13:30:29 GMT

S&P 500 index retreats after Tuesday's rally

After Tuesday's rally, S&P 500 index finished slightly lower on Wednesday as financial shares fluctuated between gains and losses on Fed's stress test results. US index slipped 0.12% or 1.67 points and closed at 1,394.28. Cliffs Natural resources gained 7% after raising its dividend. Zions Bancorporation rallied 10.5% on successful test results while insurer MetLife, who failed the test, plunged

Thu, 15 Mar 2012 16:22:45 GMT

Boeing rejected 500 million billion claim of Air India

Boeing has rejected the claim of India that the company has agreed to compensate aircraft delays for Air India. The Indian officials earlier reported that Boeing would pay 500 million US Dollars as compensation for three-year delay in delivery of planes. However, Boeing announced that it has not agreed to this deal.

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