Car sales are likely to soar in 2012

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

The new sales of cars are expected to expand in 2012 as customers who postponed a car purchases last year are likely to return to the car market in the beginning of 2012, reported car-shopping website Edmunds.com. At least 100,000 deferred car purchases will return to car market by March 2012. Last week, car producers have already indicated strong sales in the US.

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Tue, 06 Dec 2011 07:01:39 GMT

Canadian stocks gain on euro-zone optimism

Canadian stocks experienced gains following the news about new European treaty aimed at strengthening fiscal regulations in the euro-zone. The S&P/TSX Composite Index added 165.88 points to 12,240.97, after slight losses on Friday. The S&P/TSX Capped Diversified Metals and Mining Index increased by 4%,  the S&P/TSX Capped Energy Index gained 2.2% and the S&P/TSX Capped Industrials Index increased by 1.8%.

Tue, 06 Dec 2011 06:59:52 GMT

Tech stocks increased on announced acquisition

SuccessFactors shares increased over 50% to $39.71 following the announcement of the company's takeover by SAP AG, software developer, for $3.4 billion, or $40 a piece. Meanwhile, SAP AG shares lost 35 cents to $59.19. Other tech companies also experienced gains, Taleo Corp.'s shares increased by 18% to $39.04, Salesforce.com Inc. gained 5% to $125.97 and Oracle Corp. edged up 2% to $31.98.

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