Natural gas trading outlook: futures slide on warmer weather

March 30, 2015 8:59 am
Natural gas fell for a fourth consecutive session as forecasting agencies project warmer weather ahead. Natural gas for delivery in May slid 0.61% on Friday to $2.623 per mBtu. The contract dropped 1.82% on Friday and settled at $2.639, having previously fallen to $2.616, its lowest since last October. According to NatGasWeather.com, natural gas demand […] Read more

Gold trading outlook: futures drop on Yellen comments

March 30, 2015 7:30 am
Gold dropped for a second session on Monday after Federal Reserve Chair Janet Yellen signalled that the U.S. central bank is likely to lift interest rates later this year. Comex gold for delivery in April was down 0.59% at $1 192.7 per troy ounce at 6:51 GMT, shifting in a daily range of $1 198.5 […] Read more

Yahoo! share price up, bolsters share buyback program

March 27, 2015 1:13 pm
Yahoo! Inc announced on Thursday its board had authorized an additional $2 billion to its share-repurchasing program. According to a filling with the US Securities and Exchange Commission, the company has $726 million left of its $5-billion share buyback program announced in November 2013, before the new initiative kicks in. The new program, which is […] Read more

Chevron share price up, to sell 50% Caltex stake

March 27, 2015 10:40 am
Chevron announced on Friday that is aiming to sell its stake in Australias fuel company Caltex as the U.S. energy group slashes non-core assets in the wake of low oil prices. The company is looking to sell 135 million Caltex Australia shares, reflecting its 50% stake in the company. If successful the transaction would be […] Read more

Toyota share price down, to launch new production platforms

March 27, 2015 9:22 am
Toyota Motor Corp unveiled on Thursday details around its new manufacturing process which is based on sharing car components in order to reduce overall expenses. The Japanese automaker said that its new system, dubbed Toyota New Global Architecture, is aimed at manufacturing at least half of the companys production by 2020. Toyota also said that […] Read more

Gold trading outlook: futures poised for second weekly gain

March 27, 2015 8:15 am
Gold took a breather on Friday following seven days of gains after the Federal Reserve signaled caution about the recovery of the U.S. economy last week. Comex gold for delivery in April was down 0.40% at $1 200.0 per troy ounce at 7:53 GMT, shifting in a daily range of $1 205.6 and $1 199.3. […] Read more

Adidas share price down, sees strong growth ahead

March 26, 2015 1:13 pm
Germanys Adidas AG pledged to significantly boost its profits in the years to 2020 under Chief Executive Herbert Hainers new turnaround strategy. On Thursday, the worlds second-largest sportswear maker, lagging behind Nike, targeted a 15% growth in net income in each of the next five years as the company breathes life into its products. Adidas […] Read more

EasyJet share price down, boosts first-half guidance on cheap fuel

March 26, 2015 11:02 am
Britains low-cost carrier EasyJet Plc announced on Thursday that thanks to less fuel expenses the company now expects higher first-half results. Europes second-largest budged airline said that it now expects to generate a pre-tax result of between a loss of £5 million and a profit of £10 million for the six months ending March 31, […] Read more

Facebook share price down, allows developers to add new features to Messenger

March 26, 2015 9:40 am
Facebook Inc announced on Wednesday a platform which would allow developers to create applications that integrate with its Messenger service. The worlds largest social network made the announcement during its annual developer F8 conference in San Francisco. The move outlines Facebooks efforts to further boost interest towards its messaging application, which already has around 600 […] Read more

Kraft Foods share price up, reaches a merger deal with Warren Buffet, 3G Capital

March 25, 2015 1:13 pm
Kraft Foods Group Inc announced on Wednesday that it had agreed to a merger with H.J. Heinz, which is evenly owned by 3G Capital and Berkshire Hathaway. The combined entity would be the third-largest food and beverage company in North America and the fifth-biggest in the world with around $28 billion in revenue, Kraft said […] Read more