January 25, 2015 8:43 am
Gold slid on Friday to mark its third consecutive weekly increase and although the gain was not as impressive as last weeks 5%, it outlined continued investor interest towards the metal. Comex gold for delivery in February fell 0.62% to $1 292.6 per troy ounce, settling 1.23% higher for the week. The precious metal slid […]
Read moreJanuary 24, 2015 1:16 pm
Adidas AG announced on Friday the sale of its Rockport shoe business to a joint-venture of rival New Balance Athletic Shoe as the company shifts focus towards its core brands. New Balance and private-equity firm Berkshire Partners have created a new entity with the intention to purchase Rockport and merge it with New Balances existing […]
Read moreJanuary 24, 2015 8:15 am
United Parcel Service Inc announced on Friday its fourth-quarter results were hit by higher costs and lower demand during the year-end holidays. The worlds biggest parcel delivery company, said it had spent too much on its efforts to avoid the situation in late 2013. At that time the Atlanta-based company said last-minute orders were higher […]
Read moreJanuary 24, 2015 7:52 am
Friday’s trade saw EUR/JPY within the range of 130.89-135.10. The daily low has also been the lowest level since September 6th 2013, when a low of 129.86 was recorded. The pair closed at 132.00, losing 1.98% on a daily basis. The cross fell 3.01% for the whole week, which marked a fourth consecutive weekly loss. […]
Read moreJanuary 23, 2015 3:46 pm
McDonalds Corp, the worlds biggest restaurant chain, stated smaller-than-anticipated drop in same-store US sales and said it would open less restaurants amid falling earnings. Sales at locations open at least 13 months slid 0.9% during the quarter ended December 31, including a 1.7% drop in comparable sales in the US. On average analysts had projected […]
Read moreJanuary 23, 2015 2:10 pm
Sony Corp. announced on Friday it expects to delay its quarterly report as the Japanese company deals with disruptions caused by the hacker attack in November. Sony said it had asked the Financial Services Agency of Japan to extend the deadline by which the company must report its third-quarter results from February 16 to March […]
Read moreJanuary 23, 2015 12:41 pm
Family Dollars shareholders accepted a merger offer from fellow discount retailer Dollar Tree, ending a six-month bid war with the market leader Dollar General. Outstanding shares that voted in favor of the merger offer were 74% of Family Dollars 114 million as of last October, the company announced on Thursday at an investor meeting in […]
Read moreJanuary 23, 2015 10:36 am
DreamWorks Animation SKG Inc announced on Thursday it will cut its workforce by nearly a quarter as a part of a new strategic plan to restructure its core feature animation business. The company said that under the leadership of Arnold and Mireille Soria, newly appointed as co-presidents of its animated film business, the division will […]
Read moreJanuary 23, 2015 9:03 am
Royal Bank of Canada agreed to acquire City National Corp and its high-profile client base for around $5.4 billion, marking its largest takeover yet amid slowing growth at its domestic market. Canadas second largest bank by assets will pay $47.25 in cash and 0.7489 in shares, bringing the total value of deal up to $93.80 […]
Read moreJanuary 23, 2015 8:57 am
Yesterday’s trade saw USD/CAD within the range of 1.2310-1.2421. The daily high has also been the highest level since April 22nd 2009. The pair closed at 1.2381, gaining 0.32% on a daily basis. At 8:53 GMT today USD/CAD was down 0.07% for the day to trade at 1.2372. The pair touched a daily low at […]
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