US stocks finished higher for the week, even as intensifying concerns over Ukraine partially offset positive sentiment from some strong economic reports and accelerating Wall Street deal-making. All three indices posted increases. The Dow Jones Industrial…
Browsing: Business & Economy News
Global business and economy news
Mexico’s state oil giant Pemex on Wednesday reported a nearly $2.7 billion loss in the first quarter. Pemex, which provides a third of Mexico’s government revenue, had a $327 million loss in the same quarter of 2013. The company saw a net loss of $12…
US stocks Monday finished mostly higher as investors absorbed new sanctions on Russia and looked ahead to a busy week of economic news and earnings. The Dow Jones Industrial Average advanced 87.28 points (0.53 percent) to 16,448.74. The broad-based…
French engineering group Alstom said on Sunday that it has suspended trading in its shares as expectations grew for a possible bidding war between industrial giants General Electric and Siemens. The announcement came after French President Francois…
London shares opened lower on Friday as airlines fell amid reports of a highjacking in Indonesia, dealers said. The benchmark FTSE 100 index lost 26.70 points or 0.40 percent to 6,676.30 points at 8:19 am. A passenger plane landed at Bali airport on…
Trading in shares in French engineering group Alstom was suspended on Friday, a day after the shares surged on rumours of a bid by US giant General Electric. “The shares are suspended as required by the AMF (financial market authority) until further…
London shares closed slightly lower on Wednesday despite strong eurozone data, dragged down by concerns about the Chinese economy amid anxiety about the Ukraine crisis. The benchmark FTSE 100 index slipped 0.11 percent compared to Tuesday’s closing…
US aerospace and defense giant Boeing raised its 2014 profit outlook Wednesday despite a first-quarter profit slide, citing strong demand for its new jetliners. A sharp rise in pension costs from a change in retirement plans offset Boeing’s robust commercial…
Nigeria’s forex and commodity trading business is becoming more competitive, with the entrance of Nigeria-based Forex broker, with a promise to simplify trading and make it more appealing to interested Nigerians. Abuja, Nigeria — (SBWIRE) — 04/22…
US pharmaceutical giant Eli Lilly said Tuesday it has reached an agreement to acquire the animal health division of Novartis of Switzerland for $5.4 billion (3.9 billion euros). In a statement Eli Lilly said the deal will strengthen and diversify its…