Browsing: Business & Economy News

SUNNYVALE, CA–(Marketwired – Jan 29, 2014) – Fortinet® (NASDAQ: FTNT) Fourth Quarter 2013 Highlights Billings of $209.8 million, up 20%…

JOHANNESBURG, South Africa — South Africa’s days as top dog on the continent are numbered. Booming, bustling Nigeria is about to become Africa’s biggest economy.   So pop open a bottle of Moet & Chandon — after all, from 2012-2013, seven Nigerian…

Eurozone countries are “worried” by the problems hitting emerging economies but do not believe there is a risk of contagion, senior officials said Monday. Jeroen Dijsselbloem, the head of the Eurogroup which gathers the finance ministers of countries…

LONDON, Jan. 27, 2014 /PRNewswire/ — Reportbuyer.com just published a new market research report: Nigeria Gas Markets, 2013 Nigeria Gas Markets, 2013 Summary This profile is the essential source for top-level energy industry data and information. The…

Nissan Leaf sales has officially surpassed the 100,000 unit mark worldwide, capturing a full 48% of the EV market, Nissan is quick to add. Sure, it has taken three years and a big price cut to get there, but with Leaf sales numbers now in the six figures…

Deutsche Bank, Germany’s biggest lender, is not expecting its activities in investment banking, its largest division, to improve this year, one of its joint chiefs said Monday. “I didn’t say that we expect 2014 to be materially better than 2013 for…

Shares in PSA Peugeot Citroen plunged on Monday after it pushed forward with plans for China’s Dongfeng and the French state to invest 3 billion euros into the troubled French auto group. The shares in the automaker slumped 11.11 percent to 10.21 euros…

Deutsch Bank, Germany’s biggest bank, announced late Sunday a surprise net loss of 965 million euros ($1.3 billion) in the fourth quarter of 2013 because of litigation costs and weakening revenues. In a statement issued more than a week earlier than…

Oil prices fell on Monday as China’s economic growth data fuelled concerns over energy demand in the world’s second largest economy, traders said. New York’s main contract, West Texas Intermediate (WTI) for delivery in February, dropped 67 cents to $…

Europe’s main stock markets were largely flat on Monday after losses in Asia as traders reacted to China’s latest economic growth data. London’s FTSE 100 index of top companies dipped 0.03 percent to stand at 6,831.11 points around midday in the British…

The US Treasury Department said Thursday that it plans to sell about 40 percent of its shares in rescued bank Ally Financial for around $3 billion. Ally Financial, the former lending arm of automaker General Motors, was bailed out by the government…

European stocks pulled back on Thursday, failing to gain traction from a surprise drop in US unemployment claims, while Citigroup earnings disappointed. London’s benchmark FTSE 100 index ended the day down just 0.07 percent at 6,815.42 points. Frankfurt…

US stocks finished the week modestly higher following a mixed batch of corporate earnings reports, avoiding a major retreat that had been feared early in the period. The Dow Jones Industrial Average edged 21.51 (0.13 percent) higher to 16,458.56. The…

US President Barack Obama will head to Brussels on March 26 to attend an EU-US summit, a European source told AFP Friday. The meeting is expected to give Obama the opportunity to mend ties with the 28-nation bloc, after tensions over revelations that…

Nintendo on Friday warned it would swing back into the red this fiscal year as the Japanese gaming giant slashed its sales target for the Wii U console, blaming poor sales over the key holiday season. The dramatic downgrade stands in marked contrast…

Dunkin’ Brands Under the agreement, Dunkin’ Donuts will become the official coffee, tea and bakery partner for Liverpool FC, and Baskin-Robbins will become the official ice cream partner. Dunkin’ Brands Group, Inc. (Nasdaq: DNKN), the parent company…

A federal judge Thursday rejected Apple’s request for more time to comply with a ruling on e-book price-fixing, while chastising the company for failing to cooperate with a court-appointed monitor. US District Judge Denise Cote denied Apple’s request…

lnternational Monetary Fund chief Christine Lagarde said Wednesday that growth in the global economy was picking up, but warned of the “rising risks” of deflation. “Momentum strengthened in the latter half of 2013, and should strengthen further in 2014…

US stocks Wednesday moved higher following a rise in European markets after the World Bank raised its growth forecast for the global economy. About 35 minutes into trade, the Dow Jones Industrial Average advanced 74.31 (0.45 percent) to 16,448.17. The…

The S&P 500 Wednesday closed at a new record following a batch of mostly solid economic and corporate earnings reports, and a modestly upbeat Federal Reserve report. The S&P 500 jumped 9.50 (0.52 percent) to 1,848.38, edging past the prior record of…