December 26, 2014 11:30 am
RadioShack Corp has picked up the pace in store closures in line with its plan to reduce size, but the struggling electronics retailer is a long way from done. RadioShack has shut down more stores in the past two months compared to the rest of the year, however, it has only eliminated one fifth of […]
Read moreDecember 25, 2014 3:48 pm
Sony Pictures Entertainments “The Interview” was made available for online viewing on platforms, including Google Play, Youtube, Microsofts Xbox video and a dedicated Sony website, and will be released in around 300 cinemas around the US on Christmas day. Last week Sony pulled out the title after the biggest US cinema chains said that they […]
Read moreDecember 25, 2014 1:10 pm
Yesterday’s trade saw USD/JPY within the range of 120.24-120.78. The pair closed at 120.50, losing 0.16% on a daily basis. At 13:06 GMT today USD/JPY was up 0.03% for the day to trade at 120.48, which is also the pairs current daily high. Fundamentals Japan Consumer inflation Annualized consumer inflation in Japan probably remained steady […]
Read moreDecember 24, 2014 9:50 am
Coca-Cola Co intends to trim its workforce by at least 1 000 to 2 000 employees globally in line with its cost-cutting $3-billion plan announced in October, after the beverage maker posted disappointing results for the third quarter. Under its plan Atlanta-based Coca-Cola will be undertaking its largest employee lay off in 15 years during […]
Read moreDecember 24, 2014 9:25 am
Yesterday’s trade saw USD/JPY within the range of 119.98-120.83. The daily high was the highest level since December 9th. The pair closed at 120.69, gaining 0.52% on a daily basis. At 9:23 GMT today USD/JPY was down 0.22% for the day to trade at 120.43. The pair touched a daily low at 120.28 at 5:45 […]
Read moreDecember 23, 2014 3:39 pm
Walgreen Co, the biggest US drugstore chain by revenue, reported Q1 results above analysts expectations, boosted by cost cuts and robust pharmacy sales. For the first quarter ended November 30, Walgreen stated a 6.7% yearly increase in sales to $19.6 billion, helped by a company record of 222 million filed prescriptions, or 4.3% more compared […]
Read moreDecember 23, 2014 1:36 pm
Thorntons Plc announced on Tuesday that its full-year earnings are expected to decrease compared to last years as the British chocolate maker faces difficulties in its UK commercial channel. The company said it had experienced a “significant reduction” in expected orders from major grocers in the run-up to Christmas. Alfreton, England-based Thorntons, with customers like […]
Read moreDecember 23, 2014 10:55 am
Natural gas gained on Tuesday to end three consecutive days of declines as forecasting agencies projected a colder end to the year. On the New York Mercantile Exchange, natural gas for delivery in January gained 1.59% to $3.194 per million British thermal units by 10:26 GMT, having shifted in a daily range between $3.215 and […]
Read moreDecember 23, 2014 10:38 am
Telstra Corp Ltd agreed to acquire subsea cable operator Pacnet Ltd as Australias largest telecoms company boosts its operations in Asia. The acquisition of Singapore and Hong Kong-based Pacnet outlines revitalized interest in Asia from cash-rich Telstra, which disposed of its Hong Kong mobile business last year. Telstra is one of the few companies which […]
Read moreDecember 23, 2014 8:36 am
Gold edged up on Tuesday, trimming overnight losses, but remained near its latest three-week low as weak oil prices, a robust dollar and rallying global equities capped the precious metals gains. Comex gold for delivery in February gained 0.16% to $1 181.7 per troy ounce by 08:18 GMT, having shifted in a daily range of […]
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