Tata Motors posts 7.1 percent drop in net profit in second quarter
Tata Motors, the Mumbai-based automotive company, posted a 7.1 percent drop in consolidated net profit to Rs 3,291 crore in the second quarter ended...
US consumer sentiment hits 7-year high driven by cheap gas and low unemployment
Consumer sentiment in the United States in November has jumped to a 7-year high as citizens express greater optimism due mainly to cheaper gasoline...
Héroux-Devtek posted strong sales and profit, but missed share estimate
Canadian aerospace and industrial products company Héroux-Devtek Inc. posted strong sales and profit in the second quarter, but it missed its share estimate.
Sales jumped...
Virgin America IPO raises $300 million, stock soars
Virgin America, which start trading Friday on Nasdaq, gained more than 25% from its IPO price of $23, raising over $300 million. The US...
Canada factory sales jumped 2.1% in September driven by aerospace business
Canadian factory sales increased by 2.1% in September to $46.57 billion, which was higher than the 1% average economists at the Royal Bank of...
Scottish Power facing sales ban for poor customer service and Ofgem probe
Scottish Power Ltd. has been threatened with a sales ban unless it can fix some serious problems regarding customer service, the UK government regulator...
Oil price decline set to continue, warns the International Energy Agency
The oil price decline that started in June this year is set to continue, warns the Paris-based International Energy Agency (IEA), in its latest...
Germany grows by 0.1 percent in third quarter, avoids recession
Germany posted 0.1% GDP growth in the third quarter, meaning it just avoided falling into recession after contracting by a revised -0.1% in the...
Dow industrials closed at record high, up 40.59 points
The Dow industrials closed at a record high on Thursday, up 40.59 points, or 0.23 percent, to 17,652.79, driven by major gains in Wal-Mart,...
Bank of Canada considers issuing e-money
The Bank of Canada says it’s looking at the possible benefits of issuing electronic money.
Senior Deputy Governor Carolyn Wilkins highlighted the risks associated with...