Oil prices drop to four year low, Brent below $80 per barrel
Oil prices have dropped by around 4 percent to four-year lows on Thursday, with benchmark Brent took down to below $80 per barrel.
Benchmark U.S....
US budget deficit rose to $121.7 billion in October, up $31.1 billion from last...
The US Treasury Department announced that the budget deficit in October rose to $121.7 billion, up $31.1 billion from a year ago. However, the...
Amazon and Hachette end dispute, sign multiyear contract
The business brawl between Amazon and Hachette has come to an end. On Thursday they announced that they had resolved their differences and signed...
Buffet acquires P&G’s Duracell Company in a stock swap
Warren Buffet is setting foot in the battery business and reducing his stock holdings. Buffett’s Berkshire Hathaway stated that it will be acquiring Procter...
Loonie continues slide as crude oil prices hit multi-year lows
The Loonie continued its downward slide as concerns regarding crude oil oversupply sent prices tumbling. The Canadian dollar fell 0.3 of a cent on...
Keurig under attack for anti-competitive practices in Canada
Jumping Bean Coffee supports a complaint to the Competition Bureau against Keurig Green Mountain. Coffee giant Keurig’s anti-competitive practices should not be allowed to...
Asda sales fall 1.6 percent in third quarter ‘shockwave’
British supermarket chain Asda Stores Limited, part of the Wal-Mart empire, reported a 1.6% decline in third quarter sales, compared to a 0.5% increase...
Loblaw posts big revenue jump after Shoppers Drug Mart acquisition
Loblaw Companies Limited, Canada’s biggest retailer, posted a 35.9% increase in revenue to C$13.599 billion in the third quarter ending October 4th, compared to...
China’s industrial production growth for October alarms economists
China’s industrial production grew by 7.7% compared to expectations of 8%, while retail sales, which had been forecast to expand by 11.6%, came in...
Virgin Money shares priced at 283p, giving it a market capitalization of £1.25bn
Virgin Money flotation shares have been priced at the lower end 283p, thus giving the challenger bank a market capitalization of about £1.25 billion,...