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...
Chiquita and Fyffes merger terms revised
In the ongoing Chiquita and Fyffes merger negotiations, the two companies on Thursday agreed that Chiquita Brands International Inc. would own 59.6% of the...
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...
Micron Technology’s Q4 financial results exceed expectations
Micron Technology Inc, the memory chipmaker, has reported impressive fourth quarter results and revenue outlook that exceeds all expectations.
Micron Technology revenue increased by...
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...
ValueAct back on Valeant’s board, aims to secure Allergan acquisition
ValueAct Capital will return to Valeant Pharmaceutical’s board room, with the hedge fund expressing its desire to work with the pharmaceutical giant to try...
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...