Pfizer and Allergan is in talk for a merger
Pfizer and Allergan are currently in a preliminary stage for the biggest merger deal in the pharmaceutical industry. However, there are still lots of problems that need to be solve including the tax inversion accusation made by politicians in the US.
Nov 02, 2015 2:24 AM EST
PetroChina Q3 profit slips on oil price rout
China's biggest oil company PetroChina recorded 81.4% fall in profit for the third quarter indicating 52% below the analysts' forecast. The continuous fall of oil price impacted the performance of the company. Analysts expect rebalancing of oil price in next 12 months.
SolarCity reported $114 Million in Q3 2015 Earnings, beating analyst $111 million forecast
SolarCity beats analysts’ expectations announcing a $144 million increase in revenue in the third quarter of this year, as analysts only projected $111 million.
Despite growth in lending, UK mortgage approvals dive down
The UK property market witnessed unexpected fall in approvals in September while net mortgage lending grew encouragingly. The housing market is still showing undercurrent potential as house-price growth is picking up in the current month.
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Gold down to its lowest for three weeks as investors look for Dec Fed hike
Gold prices are at their lowest levels in three weeks after the Federal Open Market Committee announced that there would not be a rate hike.
Nov 01, 2015 8:24 PM EST
Fed keeps interest rates near zero, but hints of increase by mid-December
The Federal Reserve kept interest rates near zero last Wednesday after a two-day meeting, but said that it considers increasing it in their final meeting this year in mid-December.
Oct 31, 2015 8:01 AM EDT
Nissan Expects to Sell 1 Million Autos in China this Year after Rebound in Demand
Nissan expects a million sales of passenger vehicles in China, as demand for cars rebounds after the government cut a purchase tax on small passenger vehicles.
Oct 30, 2015 6:48 AM EDT
Hershey cuts profit forecast, reports lower US sales due to growing income gap
Chocolate maker Hershey Co is getting squeezed with the growing gap between low income and higher income US households, as it reported a lower-than-expected US sales Wednesday, cutting its profit forecast for 2015.
Oct 30, 2015 6:29 AM EDT
Santos received $1.1B offer from Quadrant Energy for Western Australian Gas Fields
Santos Ltd got a formal bid for $1.5 billion from Quadrant Energy Pty for a 45 percent stake in its Australian oil and gas fields located in the Carnarvon Basin.
Oct 29, 2015 10:32 PM EDT
Glencore to invest $950M to Mopani Copper Mine over three years
Glencore plans to invest its copper mine in Zambia for $950 million over three years. The company will upgrade the copper mine after 18 months of halting production due to a drop price for metals.
Oct 29, 2015 10:05 PM EDT
Apple's profit soars 31%, but holiday forecast muted
Apple's profit last quarter soared 31% from a year ago, beating Wall Street expectations. Despite that, the company's stock price closed flat Tuesday, after investors deemed the company's forecast for this holiday quarter muted.
Oct 29, 2015 9:55 PM EDT
Short sellers double bet on Weight Watchers as Oprah invested $43 million
Short sellers double down on Weight Watcher International, a weight management program service company, after its shares rose by Oprah's investment influence. Oprah invested $43 million for 10% stake for the company.
Oct 29, 2015 9:48 PM EDT
Surging dollar hits PayPal's revenues
After offloading eBay, PayPal has announced its results. The third quarter numbers disappointed investors, who are anticipating good results following the encouraging numbers from eBay. The rising US dollar hits revenues from China and Europe for PayPal.
Oct 29, 2015 9:45 PM EDT
Ferrari shares rev up in market debut but shift to low gear a week later
Ferrari's IPO share was $52 on opening day. Shares went up to $60.97 before closing at $55. Analysts were quick to see this as a successful move by Ferrari to become an independent company. A week after market debut, Ferrari shares took a 7% dip.
Oct 29, 2015 11:06 AM EDT
UK factory output shrinks in Q3; exports drop
The strengthening British pound, a weak euro, and China's slowdown are impacting UK's manufacturing and export sectors. Factory output dropped for the third consecutive month. The UK is witnessing its third export recession in less than a decade.
Oct 29, 2015 10:58 AM EDT
Gold recovers marginally ahead of US Fed decision
The gold price rebounded in a cautious way ahead of the US Fed Reserves' statement. The investors and funds are in wati and watch mode anticipating cues for possible timing of next hike in interest rates. Hedge funds and money managers are bullish on gold, while technical analysts predict lacklustre trading in the yellow metal.
Oct 29, 2015 9:35 AM EDT
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