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.
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.
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.
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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
SIngapore Medical Device Company Receives an Acquisition Offers From China-State Backed Firm
Biosensors International Group has received an offer from CITIC Private Equity Funds Management Co to amalgamate with its biggest shareholder, CB Medical Holdings, a privately-held Chinese investment holdings company.
Oct 29, 2015 9:18 AM EDT
Obamacare’s benchmark silver insurance plan will increase an average of 7.5%
The Department of Health and Human Service reported Monday that Obamacare premiums for the benchmark silver insurance plan will increase by an average of 7.5 percent in 37 states in 2016.
Oct 29, 2015 4:31 AM EDT
Japan Regional Lender Ashikaga and Joyo Bank to Merge
Many businesses consider merging and acquisition to make their industry stronger and to stay alive despite the economic slowdown.
Oct 29, 2015 3:57 AM EDT
Axis Bank's biggest intraday drop
Shares of Axis Bank plunged today as investors are concern regarding its asset selling activities. The bank saw its shares plunged to almost 8.7 percent in intraday trading, its worst trading day.
Oct 29, 2015 1:41 AM EDT
Investment in Bitcoin Startup Companies Plunged in Third Quarter
Investors carefully selected bitcoin startup companies to invest in. A huge decline is experienced by startup companies in this quarter. However, a more realistic bitcoin-related startup companies is still attractive to investors.
Oct 29, 2015 1:41 AM EDT
Twitter ads revenue from mobile is increasing
Twitter announces that its mobile advertisement revenue increase by 86 percent for the quarter. The company also announces a revenue that beats analysts expectation, setting a good path for the newly appointed CEO Jack Dorsey.
Oct 28, 2015 11:23 PM EDT
Walgreens to acquire rival Rite Aid for $17.2B in cash
The pharmacy company Walgreen Boots Alliance agreed to buy Rite Aid Corp. The $17.2 billion deal aims to expand Walgreens' business across the world.
Oct 28, 2015 9:37 PM EDT
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