Thursday’s Wall Street slide puzzles investors
Why did Wall Street suffer its sharpest one-day loss in two months on Thursday? Investors and analysts say they are bewildered. Could it have...
De La Rue issues profit warning
After the world’s largest commercial banknote printer De La Rue plc issued a profit warning, its shares took a -26% nosedive on the London...
Lloyds sells further 11.5 percent TSB stake
Lloyds Banking Group has sold off a further 11.5% TSB stake in a share placing to investors, the London-based bank announced on Friday. Due...
Alibaba options debut will see strong demand
On Monday stock options of Alibaba Group Holding Ltd will debut. Analysts expect for the to be strong *demand for puts and calls, particularly...
US Bank refunding $48 million to customers who were wrongly billed
US Bank has been fined $9 million by two federal agencies and ordered to refund $48 million to customers who were wrongly billed because...
Nike revenue and net profit soar Q1 2015
Profits for the multinational sportswear company Nike have increased, with the company reporting that in the three months to August (Q1 fiscal 2015) they...
August new orders for durable goods fell but orders for capital goods rebounded
New orders for durable products, such as cars and fridges (designed to last more than three years), fell in August by 18.2% to a...
Apple Inc. shares drop by 3 percent because of software glitch
Apple Inc. shares experienced one of its biggest declines of the year, down by more than 3 percent, following news of a glitch in...
Interest rate rise getting closer, says Bank of England
Mark Carney, Governor of the Bank of England said on Thursday that he and his team are getting closer to considering raising interest rates....
The Canadian dollar plummets
In early trading in Toronto on Thursday, the Canadian dollar plummeted to 90 cents, as the US dollar rallied amid concerns about global economic...