Result Page 58 for Latest Markets News & Archive

Markets

Copper production curb possible if less demand continues in China

The demand for copper along with other metals such as zinc and aluminum declined. This scenario prompts mining companies to control the production if necessary to also have contro on the prices.

Oct 16, 2015 6:17 AM EDT

News

Stock market volatility forces Albertsons to delay IPO

Just a couple of hours after CNBC released Albertsons Companies' intent of rescheduling their IPO due to market volatility, the news website has now made another recent update detailing Albertsons' plans on conducting their IPO before Thanksgiving.

News

Square Files for IPO despite of $77.6 million loss

Square Inc. had filed for an IPO on Wednesday and the company is expected to be listed on NYSE soon. The company is currenlty valued at $6 billion by analysts.

News

Anheuser-Busch InBev's takeover of SABMiller to realign global beer industry

Anheuser-Busch InBev's plan to acquire SABMiller Plc is expected to change the business dynamics in the global beer industry. This titanic takeover is considered to be the largest one this year and fourth largest takeover in the corporate history. Anheuser-Busch InBev is acquiring SABMiller for $104.2 billion. The deal is awaiting regulatory approvals.

First Data Corp. Raises $2.56 Billion in Initial Public Offering

First Data Corp. managed to raise $2.56 billion worth of shares, but is still lower than the expected at $16 a share.

Oct 15, 2015 10:53 PM EDT

Netflix blames 'involuntary churns' for dive in profits

Netflix said that the dropped in its subscriber for this quarter is mainly due to the "Involuntary Churns" when banks roll out new credit card for its customers. The company said in a letter to its shareholders after the company recorded a lower than expected revenue for its third quarter earnings.

Oct 15, 2015 8:41 AM EDT

Wal-Mart shares tumble as profit forecast to drop

Wal-Mart's stock tumbled on the Wall Street following the forecast of earnings drop in the range of 6-12 percent hammered down the market sentiment. Wal-Mart shares fell 10.04 percent or $6.70 to $60.03 indicating biggest fall in a day during the past three decades. The stock was already trading 22 percent lower before the latest drop.

Oct 15, 2015 8:31 AM EDT

Intel profit down as data center business stagnates

Intel Corporation reported the decreasement of its revenue on quarterly profit. The profit falls regarding to the weak demand for intel's chips used in personal computers. Intel said the business reduce is due to the low growth of data center business area in 2015.

Oct 15, 2015 4:41 AM EDT

Diageo sells US, UK wine biz for $552m to Aussie firm

UK alcoholic beverage giant Diageo Plc is selling its wine operations in the US and the UK for $552mn (euro483mn) to Treasury Wine Estate, an Australia-based company. Treasury Wine Estate is also in the process of acquiring Blossom Hill, Britain's second largest wine brand. The acquisition deal for Diageo is subject to the approval of UK regulator and also the US anti-trust review. The acquisition deal is expected to be completed in next three months.

Oct 14, 2015 10:53 PM EDT

South Korea's bonds volatile amid uncertainty over rates

Korean bond market has been volatile as they rose on account of US interest rate and fell owing to domestic rate of interest factor. The Korean bond market is witnessing upward and downward movement owing to varied hopes on interest rate changes. .

Oct 14, 2015 9:06 PM EDT

Asia stocks follow US shares amid China rout

Taking cues from the US markets, Asian stocks further moved lower for the second session. moderating inflation and slump in factory-gate prices in China's economy have impacted the bourses in negative way. Almost all the major Asian indices turned weaker.

Oct 14, 2015 9:01 PM EDT

It's tough time for Goldman Sachs to sell Concordia debt amid pharma disruption

The Canada-based Concordia Healthcare Corp is in the process of buying Amdipharm Mercury, a drug maker, for $1.9bn. Goldman Sachs is the underwriter and sees a bleak situation for Concordia's debt selling including $1.1 billion term loan and $762mn (GBP500mn) loan for marketing to support the takeover.

Oct 14, 2015 8:57 PM EDT

Volkswagen emissions scandal alarms China quality watchdog

Volkswagen scandal has not spared China from the software that creates false results for emission tests. This cause AQSIQ and the Chinese government to conduct a separate investigation regarding the issue. VW will be hurt most if China takes its toll on the automaker since the country comprises a third of its total global sales.

Oct 14, 2015 8:55 PM EDT

Optimistic OPEC secretary-general expects balanced oil market in 2016

The OPC secterary-general is very positive that by 2016, the oil market will regain its strength and recover from the deep plunge from the previous years. The output remains the same to control the supply and price as well. Non-OPEC countries will soon join depending on the discussion in the meeting that will be held this month in Vienna.

Oct 14, 2015 7:45 AM EDT

Facebook is testing new features for mobile shopping

Facebook wants you not only to connect with friends and family but also with brands. The social network has announced that it is testing features that will enable consumers to buy products using its app.

Oct 14, 2015 7:43 AM EDT

Former Merck & Co analyst enters guilty plea for insider trading

A former Merck and Co Inc analyst was sentenced to more than three years in prison and fined almost $700,00 due to his involvement in insider trading. He was accused of having tips his school friend regarding the information leading to his friend obtaining profit from the information.

Oct 14, 2015 7:41 AM EDT