Disney profit up beating expectations, as cable networks, ESPN improve performance
Walt Disney posted higher earnings for the present thanks to improved performance from ESPN and other cable networks.
Nov 06, 2015 10:07 PM EST
Jet Airways and Air India Offering Cheapest Ticket Price for Selected Flights
Two Indian airliners, Jet Airways and Air India is offering ticket sales. The Jet Airwyas gave off the lowest ticket price starting from Rs 1,133 while the Air India alos offers Rs 1,777 on its domestic flights until the 7th of November.
China's First C919 Passenger Jetliner to Compete with Boeing's 737 and Airbus A320
China's create their first homegrown passenger jetliner C919. The state also aims to beat the leading airliners companies, Boeing's 737 and Airbus A320 with their new airtcraft prototype.
Malaysia Keeps Rate at 3.25% Amidst slow external demand, Weak Ringgit
Malaysia central bank kept the policy rate unchanged at 3.25 percent Thursday amid slow external demand and weak ringgit.
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Argentina reserves at 9-year low
Argentian is fast losing foreign exchange reserves. The forex reserves dropped by $94 million to $26.7 billion indicating lowest level since 2006. The Argentina's central bank has been pumping in US dollars in support of its currency Peso.
Nov 06, 2015 4:11 AM EST
Qualcomm's profit slips as Chinese revenues decline
The US-based wireless technology developer Qualcomm reported a drop in profit as its revenues from China took a significant dive. The stiff competition from China and Taiwan is also impacting the financial performance of Qualcomm.
Nov 06, 2015 2:26 AM EST
Lenovo and Nutanix Announced Partnership to Enter Data Center Market
Lenovo annouced its partnership with Nutanix to prepare them entering data center market. With the partnership, a new hyperconverged server appliance from Lenovo will be equipped with virtualization software and technology from Nutanix.
Nov 05, 2015 10:36 PM EST
Amec Foster Wheeler halves dividend; raises cost saving target
Hit by the continuous drop in oil prices and lower spending by its customers, Amec Foster Wheeler Plc has halved its dividend payout for 2015. The British oil and gas services company forecasts thin margins during the second half of 2015. .
Nov 05, 2015 10:05 PM EST
MetLife profit drops 43% on weaker investment yield, tax hit
The US largest insurance firm MetLife recorded 43% fall in third quarter profits woing discouraging yields on investments and tax cost pertaining to its UK subsidiary eroded the profitability. The quarterly numbers were below the market forecast.
Nov 05, 2015 9:49 PM EST
Facebook, Amazon join $300-bn Market Cap Club
The latest surge in shares of Amazon and Facebook took them into $300B market capitalization club. With these two, eight US companies are above $300B Mcap, while six of them are from the technology sector. Facebook has surpassed General Electric (GE) in Mcap.
Nov 05, 2015 9:35 PM EST
Bohai to combine air-leasing businesses after $7.6 billion Avolon acquisition deal
Bohai Leasing Co. will merge its air-leasing businesses after the completion of the $7.6 billion Avalon Holdings Ltd acquisition deal, Hong Kong Aviation Capital chief executive officer Donal Boylan said Tuesday.
Nov 05, 2015 9:32 PM EST
Commonwealth Bank of Australia Quarterly Profit Increased 4%
The Commonwealth Bank of Australia reported its unaudited cash profit for the month of September with a four percent increase to A$2.4 billion.
Nov 05, 2015 9:21 PM EST
Target to Tap Outside Company on Storing Grocery Stock
Target Corp is planning to partner with outside companies to help store its growing fresh food supply. Supervalu Inc is one of the leading candidates, says analyst.
Nov 05, 2015 8:56 PM EST
Bitcoin at the highest this year due to positive news surrounding it, analysts study
In the past few weeks Bitcoin is rapidly approaching $500, and according to analysts one of the major reasons for the surge is the positive news that the cryptocurrency has been receiving.
Nov 05, 2015 8:08 AM EST
Vice Media gets $200 million investment from Disney
Walt Disney Co will invest $200 million in Vice Media, the unique video maker that covers current affairs for the Millennials.
Nov 05, 2015 7:55 AM EST
New Zealand dollar falls: unemployment rate reached as low as 5.9%
New Zealand faces currrency plunges and drastic drop in employment rate to 5.9% in June quarter, with drop in wages, as the economy continues to weaken.
Nov 05, 2015 7:22 AM EST
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