Boeing loses four freighter orders as cargo market weakens
Boeing has lost orders for four 747-8 freighters as the air cargo market weakens amid an economic slowdown. The loss brings to zero the net orders for the iconic jet this year. Despite that, the planemaker says production goes on as planned.
Sep 10, 2015 7:35 AM EDT
Sunac' ratings unchanged: Moody's
After the strategic partnership with Yurun, there wouldn't be immediate change in Sunac China Holding's ratings, according to rating agency Moody's. Investors of Sunac reacted negatively pushing share price down, while shares of Yurun posted encouraging rise. Sunac's CEO Sun Hongbin stepped down, but will remain as Chairman of the group.
Versa Cars Recalled by Nissan
Nissan announced the recall of its Nissan Versa Sedans and Versa Notes due to complaints from its car owners. Federal Regulator demanded the motor company to do something good with the said cars or be liable for fines.
Investors withdraw from US Oil Fund amid rising volatility
The high volatility in the global oil market has led to huge offloading in 'The US Oil Fund.' 19.3 mn shares were sold off making it a record weekly redemption since the ETF inception in 2006. global economy slowdown particularly adverse conditions in China market are adding to the volatility in oil price.
Latest News
Free Mobile TV from Verizon
Now, you can watch your favorite show anytime and anywhere with your mobile. Thanks to Verizon and its Go90 service, Verizon customers or not can enjoy watching TV shows such as the National Football League and Food Central to name a few right from their mobile at no charge.
Sep 10, 2015 6:47 AM EDT
After 3 attempts, ICE to launch Singaporean Futures Exchange in November
After withdrawing from launching plans of Singapore Futures exchange for three times, ICE has set a date for launching it on 17 November. It'll offer five five futures contracts in Brent, gasoil, gold and two contracts in Yuan currency.
Sep 10, 2015 5:59 AM EDT
UK Stocks Rises for the Third Day Since Turn of the Week, Glencore Leads Miners Higher
UK stocks rises for the third day closing at 6,2229.01, up 1.35 percent yesterday marking this week as the best week since April
Sep 10, 2015 5:46 AM EDT
Feared Death Cross Can Be Heralding Good Days If History Repeats Itself
Recent Death Cross signals market rallies instead of market crash if history repeats itself. In a chart filled with Equity Bears, the Death Cross becomes one of many investors' worst fears as it poses an ominous market crash.
Sep 10, 2015 5:26 AM EDT
Tesco disposed off South Korean unit to pay its debts
Tesco's debt-laden balance sheet already piled up and Tesco CEO has to do something about it. This forced him to sell the South Korean unit to MBK Partners Ltd to ease the burden of the grocer retailer and focus more on the home store.
Sep 10, 2015 4:33 AM EDT
Tesco checking out overseas ventures
With debt burden mounting to GBP 21.7bn, The world's third largest retailer has been forced to offload its overseas ventures gradually.
Sep 10, 2015 3:35 AM EDT
Surfwear Chain Quiksilver Inc. files for bankruptcy, Plans to Give control to Lender Oaktree Capital Management LP
Surfwear chain Quicksilver Inc. filed for bankruptcy and plans to hand control over to Oaktree Capital Management LP.
Sep 10, 2015 3:32 AM EDT
China puts circuit breakers to keep tabs on volatility
Alerted by increased market volatility, Chinese government is in the process of implementing circuit breakers that would suspend trading in a stock if it moves over five percent either direction. If index falls or gains 10 percent or more, then trading will be halted for the day, according to draft regulation. Shanghai index unexpectedly rose in the last five minutes of trading following the news that major infrastructure projects have been approved.
Sep 10, 2015 3:30 AM EDT
Dead Money, Well-Known Stocks That Must Be Sold Now
Investor Place's editor Jeff Reeves suggests selling Wall-Mart, Chevron, Caterpillar, Proctor and Gamble, and Intel stocks.
Sep 10, 2015 12:29 AM EDT
Milennials Dive Into the Wild Stock Market, Investing Despite Volatility
More Millennials are fearlessly diving into the Wild Stock Market, buying more stocks despite volatility.
Sep 09, 2015 11:22 AM EDT
IRS Rejects Yahoo's Tax-Free Alibaba Spin-off Request, Sending Stocks Down 4%
IRS rejects Yahoo’s plan for a tax-free Alibaba spin-off, which Yahoo hopes would have been a move to give back money to shareholders. Yahoo shares dropped 4% after the news.
Sep 09, 2015 10:59 AM EDT
Recent Study Shows Top 300 Pension Fund Assets Are Now Over $15 Trillion
Recent research conducted both by Pensions & Investments (P&I) and consultants Towers Watson has revealed that the combined assets of the top 300 pension funds has now reached $15 trillion.
Sep 09, 2015 10:52 AM EDT