Result Page 47 for Latest Markets News & Archive

Markets

Weyerhaeuser's Plum Creek acquisition to create $23 billion timber company

Timber giant Weyerhaeuser Co will buy Plum Creek Timber Co. Inc., for $8.4 billion, creating a $23 billion timber, land and forest firm, the largest the United States.

Nov 09, 2015 7:55 PM EST

News

As Toyota Dropped Its Airbags, Takata Shares Plunged

Toyota dropped Takata as its airbag suppliers. The decision made a huge blow to Takata resulting a 25% drop in their share, the lowest in six years.

News

Mixed Reaction in Asian Market As U.S. High Job Rates and Possible Fed Hike

Japanese and Chinese shares are up, while other Asia Pacific market decreases. As dollar stands high and U.S. strong jobs data may make Fed increase interest rates in December.

News

National Grid to sell-off of its gas distribution arm in a £10 billion auction

National Grid Plc plans to sell its gas distribution operation for up to £10 billion. National Grid Plc is in early talks to sell its gas distribution operation in an auction with foreign investors that could be worth up to £10 billion.

Japan PM's Orders new stimulus measures to achieve $5 Trillion Economy

Japanese Prime Minister Shinzo Abe ordered the government Wednesday to come up with an economic stimulus measure to boost the economy by a fifth to 600 trillion yen, or almost $5 trillion within five years

Nov 09, 2015 4:50 AM EST

Toshiba sues three former CEOs amid accounting scandal

Toshiba Inc. has sued its executives for ignoring overstated profits for almost seven years, worth about $1.3 billion. The company reported a loss on profit and shares fell.

Nov 09, 2015 3:50 AM EST

US wage growth at 6-year high; All eyes on US Fed

The US wage growth of 2.5 percent in October reaches its highest since July 2009. Beating forecast of 182,000, the US economy created 271,000 jobs during the month. The unemployment rate fell to five percent indicating its lowest level since 2009.

Nov 09, 2015 3:48 AM EST

Verizon plans to sell its business for $10 billion

Verizon plans to sell parts of its business for $10 billion in order to focus on its core business. The company would sell its internet and cloud services, and plans to focus on mobile services.

Nov 09, 2015 3:45 AM EST

Wells Fargo to pay $81.6M to homeowners in bankruptcy

Wells Fargo - one the largest banks and 30th biggest corporation in the US- has come to a settlement with the US Trustee Program of the Department of Justice over errors in sending out Payment Change Notices.

Nov 09, 2015 1:50 AM EST

Toshiba intends to offload $7B US gas commitment

Toshiba is in a hurry to offload its 20-year commitment on LNG imports as much as possible as it becomes unviable for the electronics major. The total liquefaction charges will be $7.4 billion for Toshiba over 20 years.

Nov 09, 2015 1:24 AM EST

Two Fed officials say rate hike likely next month

Fed Chairperson Janet Yellen and another senior official of the central bank see interest rates going up next month. But they say that will depend upon incoming economic data.

Nov 09, 2015 1:20 AM EST

Nvidia clocks 42% growth in EPS in Q3

Graphics processor maker Nvidia has posted 42 percent growth in earnings per share (EPS) of 44 cents a share during the third quarter ending October 2015 from 31 cents in the previous corresponding quarter.

Nov 09, 2015 1:19 AM EST

Xiaomi sold 1 million smartphones in India

Xiaomi reported 1 million handsets sales during the third quarter in India, its second biggest market.

Nov 08, 2015 11:18 PM EST

German Industrial Production down 1.1%

German industrial output surprisingly declined to 1.1 percent month-on-month for the third quarter, opposite to economists’ projection of a 0.5 percent increase.

Nov 08, 2015 10:49 PM EST

Ugg new classic slim boots collection landed in 'Oprah's favourite things' list

After the low-graph of its previous Ugg classic collection, Ugg company has launched its new Kristen-style classic slim collection. other than being comfortable and stylish, the new collection has been listed in 'Oprah's favourite things'.

Nov 08, 2015 7:54 PM EST

Merck, Eli Lilly Probed for Alleged Drug over Pricing

Drug makers Merck & Co, Valeant Pharmaceuticals International, and Eli Lilly & Co are being investigated by The Justice Department for alleged over pricing.

Nov 08, 2015 7:34 AM EST