Fed wants to shield taxpayers when banks go down
US banks will be required to hold enough debt that could be converted into equity if they were to falter soon. This according to a Fed rule that was approved by a unanimous vote on Friday.
Nov 03, 2015 12:55 AM EST
China factory output again slips, but fall slows down in October
The manufacturing sector's output again fell in October showing a continuous drop for the past eight months in the world's second-largest economy. However, the drop was at a slower pace in October as the marginal recovery in export orders offset further damage.
Ellie Mae beats expectations on the third quarter revenue as mortgage industry soars
The mortgage processing software company Ellie Mae beats the expected revenue on the third quarter financial report. The company's revenue rose 61% to $68.9 million, higher than analysts expectations of 46% growth.
Daniel Loeb's Third Point picks stake in Seven & I
Daniel Loeb's Third Point LLC has picked stake in Japanese retailer Seven & i Holdings. The size of the deal is expected to be below five percent. The US activist investor Loeb has called for restructuring at the Japanese retailer to increase profitability and shareholder returns, while reducing costs. Seven & i is closing down its underperforming Ito Yodado stores.
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Airbnb Spends $8 million campaign to stop San Francisco measure to limit short-term rentals
Airbnb spends more than $8 million for a campaign to stop Proposition F, an initiative in San Francisco that would limit short-term rentals.
Nov 02, 2015 10:32 AM EST
Chipotle shuts all stores in Seattle, Portland due to E coli outbreak
Chipotle Mexican Grill closed 43 Chipotle restaurants in Pacific Northwest region due to an outbreak of E. coli bacteria.
Nov 02, 2015 9:50 AM EST
New crowdfunding norms to push US start-ups
The US Securities and Exchange Commission (SEC) has approved the new rules on crowdfunding facilitating startups to mobileze funds from individual investors and non-accredited investors as well. The with a majority voting of three to one.
Nov 02, 2015 8:43 AM EST
Electrolux AB down after US Justice Department's refusal
Electrolux AB fell in the US trading after the US Justice Department rejected a proposal to resolve the Swedish company’s antitrust lawsuit that would block the $3.3 billion acquisition of General Electric’s household-appliance business.
Nov 02, 2015 3:54 AM EST
LinkedIn beats expectations as its stock gets 12% boost
LinkedIn announced the third quarter financial report that is better than analyst expectations. The company's shares jump 12%.
Nov 02, 2015 3:11 AM EST
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.
Nov 02, 2015 2:20 AM EST
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.
Nov 01, 2015 10:05 PM EST
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.
Nov 01, 2015 9:06 PM EST
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
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