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...
Interest rate rise getting closer, says Bank of England
Mark Carney, Governor of the Bank of England said on Thursday that he and his team are getting closer to considering raising interest rates....
The Canadian dollar plummets
In early trading in Toronto on Thursday, the Canadian dollar plummeted to 90 cents, as the US dollar rallied amid concerns about global economic...
Lloyd’s of London profit jumps 21% to £1.67 billion
On Thursday, the world's largest insurance and reinsurance marketplace Lloyd's of London posted a 21% pre-tax profit jump to £1.67 billion(€2.09 billion, $2.72 billion)...
Bank complaints fall by 5%, UK
During the first six months of 2014, the number of bank complaints in the United Kingdom fell by 5% to 2.36 million compared to...
Direct Line sells international division to Mapfre
Bromley-based Direct Line Insurance Group plc. said on Thursday it is selling its international division to Spanish insurance company Mapfre S.A. in a €550.0...
Citizens debut picked up after a slow start
The Citizens debut on Wednesday in the New York Stock Exchange started off slowly and later picked up, ending 7.4% up on the day....