Valeant posts excellent third quarter figures
Valeant Pharmaceuticals International Inc. posted surprisingly strong third quarter figures, despite Allergan’s claim that its business model is unsustainable.
Total revenue grew by 33% compared...
Electrolux figures boosted by European rebound
Stockholm-based multinational appliance manufacturer AB Electrolux posted 42% higher profit for Q3 on Monday, citing a European recovery in business activity despite tough trading...
French and German ministers meeting to discuss growth
French and German finance and economy ministers are to meet on Monday to discuss growth, spending and France's budget deficit following a week of...
Rosengren says Fed should end bond-purchasing program
President of the Federal Reserve Bank of Boston, Eric Rosengren, has said that the Fed should not let the recent financial market turmoil affect...
US companies less optimistic about sales and hiring in third quarter
A new survey has revealed that US corporations are less optimistic about sales and hiring in the third quarter, with poor European economic performance...
Wal-Mart reduces its full-year sales forecast
The world’s largest retailer, Wal-Mart, has planned capital spending between $10.6 to $11.6 billion for 2016, below its projection of $11.3 to $11.8 billion...
Investors to make a $2.2 billion bid for Adidas AG’s Reebok unit
A group of investors are going to bid around 1.7 billion euros ($2.2 billion) for Adidas AG’s Reebok unit, based in Canton, Massachusetts.
Funds affiliated...
Snapchat announced it will be releasing ads
Snapchat has announced that it will be “placing an advertisement in “Recent Updates” for Snapchatters in the United States”.
The ads will be placed in...
Tesoro acquiring natural-gas pipeline and processing unit from QEP Resources for $2.5 billion
Tesoro Logistics LP is purchasing a natural-gas pipeline and processing business from QEP Resources Inc. for $2.5 billion (including $230 million to refinance debt...
Yen weakens for third day following Pension Fund report
The yen has weakened for its third consecutive day after reports sparked concerns that the Japanese pension fund is going to be increasing its...