US manufacturing posts strong new orders and employment growth
US manufacturing expanded strongly in September. The Markit Flash US Manufacturing Purchasing Manager’s Index (PMI) hit a 52-month high at 57.9, according to Markit...
US tax inversion crackdown to the test
A US tax inversion crackdown led by Treasury Secretary Jacob L. Lew will be put to the test as several US-based multinationals decide on...
Yara and CF Industries in merger talks to create fertilizer giant
Olso-based Yara International ASA and Chicago-based CF Industries Holdings, Inc. on Tuesday confirmed they are in merger talks that would create a $27 billion...
Tesco rushes in new Chief Financial Officer, Alan Stewart
The world’s second largest retailer, Tesco plc, rushes in Alan Stewart as the new Chief Financial Officer, one day after suspending four executives, including...
Royal Philips plans to split lighting and healthcare divisions
Amsterdam-based electronics multinational Royal Philips announced on Tuesday it is planning to split the business in two, separating its healthcare and lighting divisions. The...
September Eurozone business activity growth plummets
Business activity growth in the Eurozone fell to its lowest level this year, as prices fell for the 30th successive month, according to Markit's...
Brazil revises economic growth outlook downward to 0.9 percent from 1.8 percent
Brazil’s Planning Ministry has revised down its economic outlook for 2014 to 0.9% growth from 1.8%, while annual inflation is forecast to remain at...
Wells Fargo fined $5 million for insider trading
Wells Fargo has been fined $5 million because one of its brokers made trades using confidential customer information.
If you use material non-public information to...
U.S. government cracking down on corporate inversions
The U.S. Treasury Department has declared its “first, targeted steps” at making it more difficult for American companies to avoid taxes by merging with...
S.E.C. awards whistleblower $30 million for speaking out
Someone who gave out information regarding securities fraud enforcement action has been awarded $30 million for speaking out, according to a government watchdog agency.
The...