March 10, 2015 12:55 pm
Verisk Analytics Inc announced on Tuesday that it will purchase privately held Wood Mackenzie in a deal that values the energy research and consultancy group at £1.85 billion. The New Jersey-based company said it had reached an agreement with private-equity firm Hellman & Friedman, which acquired a majority stake in Wood Mackenzie in 2012 for […]
Read moreMarch 10, 2015 10:51 am
Qualcomm Inc announced on Monday a plan aimed at a “major increase” in the companys capital return program. The largest manufacturer of chips used in smartphones said its board has approved up to $15 billion for its new stock repurchase program. Qualcomm said that the program will replace its previous plan, which had $2.1 billion […]
Read moreMarch 10, 2015 9:44 am
Apple Inc unveiled details around its latest device, highlighting daily uses like meetings reminders, exchange of short messages, taxi calling and many others. On Monday the iPhone maker disclosed additional information about its Apple Watch, including designs, prices rages and performance numbers. The technology giant touched on the importance of the devices overall design, which […]
Read moreMarch 10, 2015 8:35 am
Gold swung back to losses on Tuesday as a string of robust U.S. economic data bolstered speculations that the Federal Reserve would initiate its planned interest rate hike sooner rather than later. Comex gold for delivery in April was down 0.80% at $1 157.2 per troy ounce at 8:14 GMT, shifting in a daily range […]
Read moreMarch 10, 2015 8:10 am
Yesterday’s trade saw EUR/USD within the range of 1.0821-1.0908. The pair closed at 1.0852, gaining 0.07% on a daily basis. At 8:06 GMT today EUR/USD was down 0.51% for the day to trade at 1.0796. The pair broke the first key daily support level and touched a daily low at 1.0785 at 3:30 GMT. This […]
Read moreMarch 10, 2015 7:42 am
Yesterday’s trade saw EUR/NOK within the range of 8.5487-8.6195. The pair closed at 8.6060, gaining 0.48% on a daily basis. At 7:38 GMT today EUR/NOK was up 0.16% for the day to trade at 8.6219. The pair touched a daily high at 8.6237 at 7:36 GMT. Fundamentals French Industrial Output Annualized industrial production in France […]
Read moreMarch 10, 2015 7:25 am
Yesterday’s trade saw EUR/GBP within the range of 0.7168-0.7220. The daily low has also been the lowest level since mid-December 2007. The pair closed at 0.7174, down 0.39% on a daily basis and marking a fifth straight daily loss. At 7:13 GMT today EUR/GBP was down 0.25% for the day to trade at 0.7155. The […]
Read moreMarch 9, 2015 1:26 pm
Alcoa Inc announced on Monday it would bolster its business portfolio by acquiring titanium supplier RTI International Metals Inc as the metals company sticks with its bet on the aerospace industry. The New York-based company said the all-stock deal has an enterprise value of $1.5 billion and for each of its shares RTI investors will […]
Read moreMarch 9, 2015 10:58 am
General Motors Co is expected to announce a share-buyback program on Monday in order to avoid an eventual proxy fight with activist investor Harry J. Wilson, who has been pushing for a seat on the carmakers board, the Wall Street Journal reported. Although the exact size of the buyback remains unknown it is expected to […]
Read moreMarch 9, 2015 9:34 am
Tesla Motors Inc confirmed on Monday it will reduce its workforce in China as the electric carmaker continues with its restructuring efforts to combat sluggish sales. Gary Tao, a spokesman for the Palo Alto, California-based company said that Tesla will part ways with an undisclosed amount of employees in order to create a “stronger and […]
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