Major French telecom groups are applying for 4G mobile spectrum auction
Four major French telecom groups had submitted their application to enter the low-spectrum airwaves bidding set to be held this November. The auction will see the government raising a substantial amount from the tangible assets.
Oct 04, 2015 9:34 PM EDT
Petrobras price target revised, lowered
Brazilian oil and gas company Petrobras' price estimate has been revised lower amid continuous oil price drop, low net realizations per barrel in upstream and downstream operations and S&P downgrade are impacting the company in a negative way.
Lack of clarity over US data put pressure on Asian stocks
The uncertainty over US data and timing of interest rate hike put further pressure on Asian stocks. Investors are looking to US jobs data to be announced on Friday for positive triggers that can boost the markets.
Wall Street suffers worst quarter since 2011
The third quarter ending September recorded worst performance on Wall Steet since 2011 as Dow Jones and other indices fell over 10 percent. Market analysts say that it was a much-needed correction for the US stocks after continuously rose for 1,326 days.
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Glencore to complete 2 deals to slash down debt
commodities trader and miner Glencore has assured its investors that it's well on track to reduce debt by $10bn. The company is planning to sell some stake in agricutural land and forge an agreement on selling by-products. These two deals are expected to be comple by end of this year or early next year. Barclays' analysts forecast that there may not be downgrade of credit rating for Glencore. However, investors are concerned about future peformance of Glencore and as a results, stock price is plummeting.
Oct 01, 2015 10:06 PM EDT
Chesapeake Energy Laid off workers, oil price as main reason
Chesapeake Energy joins other energy company such as Haliburton and Schlumberger by laying off workers to stay competitive as oil price getting lower. This is the latest move by the company after it had cut down on the spending and operational cost.
Sep 30, 2015 9:27 PM EDT
Alibaba Group Holding stock drops for 4 months now
Alibaba Group Holdings share continued to skid on New York Stock Exchane for four months in a row. The Chinese economy slowdown, sluggishness in getting new customers and increased market competition are impacting the e-Commerce major. Analysts see uncertainty ahead of the company.
Sep 30, 2015 9:17 PM EDT
ComScore to buy Rentrak for $771mn
Data analytics provider ComScore has announced that it would buy Rentrak Corp for $771million in an all stock-deal, which is expected to close in early next year. The combined entity will become a major force in advertisement and television commercials as it sets new standards in measurement system.
Sep 30, 2015 8:57 PM EDT
Founder and CEO Ralph Lauren steps down; appoints Stefan Larsson as successor
Founder-designer Ralph Lauren quit the role of the Ralph Lauren Corporation's CEO. He appoints Stefan Larsson for the position. Lauren will still remain as chief creative officer and executive chairman.
Sep 30, 2015 5:05 AM EDT
Yahoo to spin off Alibaba stake even without tax-free guarantee
Yahoo is pushing ahead with its plan to spin off its stake in Alibaba despite lacking a guarantee from the IRS that it would be tax-free. The Web search company has been facing mounting pressure to spin off its Alibaba stake, whose value has almost halved this year.
Sep 30, 2015 5:03 AM EDT
Online lender Avant Inc raises $659mn from JPMorgan, PE firms
Online lender Avant Inc has raised $325mn in a latest round of funding from PE firms including JPMorgan & Chase. The start-up will use the mobilized funds to expand globally. It offers loans to customers, who're below price consumers. The interest rate varies from 9% to 36%.
Sep 30, 2015 4:49 AM EDT
PlayStation is the third most intimate brand for millennials
PlayStation is on the third spot as the most intimate brands for millennials, according to MBLM's Brand Intimacy 2015 Report. It will be published on October 6.
Sep 30, 2015 1:37 AM EDT
Comcast to acquire majority stake in Universal Studios Japan
Comcast Corp. is acquiring a majority stake in Universal Studios Japan Co. for $1.5 billion. This is a milestone for the US cable company, which has been seeking opportunities for global growth, after failing to buy Time Warner Cable Inc. in April.
Sep 29, 2015 6:37 PM EDT
Nike, Under Armour top racers on Wall Street
Athletic apparel makers Nike and Under Armour have been doing very well on the Wall Street this year so far. Under Armours' stock rose 50 percent and Nike gained 27 percent of year-to-date (YTD) gains on the Wall Street.
Sep 29, 2015 9:31 AM EDT
Asia shares trade at three weeks low after new data from China was released
China released new data on declining companies profit on late Monday prompt fear among investors causing a significant selling action in early trade. This, together with a sharp drop in the Wall Street on Monday fuels concern among investors.
Sep 29, 2015 9:29 AM EDT
Qatar plans $35B investment in US market
Qatar Investment Authority (QIA) has earmarked $35-billion investment for the US market. As part of its global strategy on investments, Qatar is looking to investment opportunities in several sectors in the US economy. Qatar says it planned investment for next five years and this will create jobs for Americans.
Sep 28, 2015 10:35 PM EDT
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