Result Page 55 for Latest Markets News & Archive

Markets

Kellogg to acquire snack maker Diamond Foods for $1.5 Billion

Corn flakes maker Kellogg is in the late-stage negotiations to acquire snack maker Diamond Food for $1.5 billion. The deal could be a good opportunity for both sides. The take over would price $35 to $40 a share.

Oct 25, 2015 11:51 PM EDT

Markets

Huawei overtakes Xiaomi as China's biggest smartphone maker

Huawei is now the largest smartphone maker in China, the world's biggest smartphone market. The company has taken the top spot from Chinese rival, Xiaomi, whose third quarter shipments declined amid a slumping economy.

News

Pandora's stock tumble wipes out $1.4-bn market cap

The internet radio services provider Pandora's stock plummeted owing to increased competition in the global market. Pandora shares dropped 35 percent on Wall Street in just one session eroding $1.4billion market capitalization of the company. The emerging competition in internet radio services from global majors such as Apple is impacting the Pandora's performance.

News

Microsoft's search engine Bing accelerates, adds $1B to revenue

Bing, a Microsoft search engine is finally getting its highlight as Microsoft announce that its revenue for this quarter is more than $1 billion. Investors welcomed the news as Microsoft finally able to show its investment in Bing is paying off.

Dow Chemical reviews options on agri unit, rejigs JVs

Dow has decided to review all the available options for its farm chemicals and seeds unit, which has been suffering from sales drop. Dow Chemicals is also considering an option to buy stake of Coming Inc in a Silicon joint venture (JV). Dow is also in the process of offloading its stake in a Kuwait JV .

Oct 25, 2015 9:12 PM EDT

Web services push Amazon revenues up; posts profit

Amazon has posted encouraging performance for the third quarter ending September 2015. The higher sales in the US and cloud computing business pushed its bottom line to swell. Amazon announced profits for the consecutive second month.

Oct 25, 2015 8:51 PM EDT

Delta Airlines Joins Expedia's Promotion for Transparency Views on Airline Fees

American Major Airlines, Delta is now in partnership with Expedia to promote transparency view on Airline fees. It is after, Expedia unveil their new Upgrade option that displays flight cost information such as bag checking fees and canceling reservations.

Oct 24, 2015 9:06 AM EDT

Oil declines as U.S. crude stocks move forward

Worries arise for oil producers as oil prices went down again. But consumers will be glad as prices of commodities will surely fall next, giving more spending power to consumers particularly this coming holiday seasons.

Oct 24, 2015 8:03 AM EDT

Yahoo Sign Advertising Deal with Google As Revenues Fall 8.3% in Third Quarter

As Yahoo's third quater revenue fall and noted as the worst drop in a quarterly sales since 2009, Yahoo CEO was signing advertising deal with Goole to improve its search business

Oct 23, 2015 10:21 PM EDT

Under Armour reported $1.2 billion revenue for the third quarter, a first for the sports apparel

Under Armour, for the first time, hit a billion dollar mark in a third-quarter earnings report, with $1.2 billion in revenues for the period.

Oct 23, 2015 10:33 AM EDT

Coca-Cola's Lower Return on Equity Explained

Coca-Cola and PepsiCo are both rivals when it comes to beverage. Both have diversified product sales but since PepsiCo has food category like Lay's, it surpassed Coca-Cola's sales and return on equity. PepsiCo also has an edge when it comes to historical and expected growth for top line and profits.

Oct 23, 2015 9:30 AM EDT

Analysts says there is a bigger economic story behind the quarterly snapshots of Caterpillar and McDonald's

The third quarter report of Caterpillar and other heavyweight international companies could give a clearer picture of how the global economy is doing. It reveals that there really is a global economic slowdown.

Oct 23, 2015 6:42 AM EDT

China says increasing outflow of money is normal, no sign of panic capital flight

Administration of Foreign Exchange (SAFE) Deputy Head Wang Xiaoyi said the recent outflow of money from China is normal and that it should not be regarded as capital flight.

Oct 23, 2015 6:39 AM EDT

Nasdaq clocks 12% rise in profit on high trading volume

Nasdaq Inc recorded a 12 percent jump in quarterly profit as higher trading volume and acquisition of Dorsey Wright helped the transatlantic exchange operator perform better. Analysts forecast earnings of 86 cents per share.

Oct 23, 2015 6:32 AM EDT

Brazil keeps interest rates unchanged at 14.25%

Despite a surge in inflation and the ongoing worst recession in the economy, Brazil's central bank preferred to keep the interest rates at the same level without any change. Brazil seems to be avoiding more harm to the ailing economy in its worst recessions over the decades.

Oct 23, 2015 6:30 AM EDT

Intel to convert processor plant in China into memory chips factory

Intel is shifting its focus toward memory technology as demand for its core processors declines. The company says it will spend as much as $5.5 billion over the next few years to shift production in its China plant from processor chips to memory chips.

Oct 23, 2015 6:24 AM EDT