November 5, 2014 2:34 pm
Marks and Spencer Group PLC reported a revenue increase for the first half of the year as strong performance in its food business offset a revenue decline in clothing. M&S reported a 0.5% year-to-year rise in group revenue from £4.8 billion to £4.9 billion for the first half of this year, including a 1% increase […]
Read moreNovember 5, 2014 12:07 pm
Activision Blizzard Inc, the largest U.S. video-game maker, raised its full year profit forecast after it surpassed third-quarter estimates due to strong sales of Destiny and growth in its console business. The Santa Monica, California-based company reported a record non-GAAP net revenue of $1.71 billion or $0.23 earnings per share in the recent quarter, compared […]
Read moreNovember 5, 2014 10:21 am
Natural gas rose for a seventh day and pushed above $4.2 as strong heating demand is expected in the Midwest and Northeast due to arctic air flows from Canada. On the New York Mercantile Exchange, natural gas for delivery in December gained 2.03% to $4.213 per million British thermal units by 10:02 GMT. Prices ranged […]
Read moreNovember 5, 2014 9:36 am
Gold continued its downward trend for a sixth consecutive day, reaching the lowest in more than four years with no indication of stopping, as the US dollar strengthened further and assets in the SPDR Gold Trust slid. Comex gold for delivery in December traded at $1 147.5 per troy ounce at 9:18 GMT, down 1.73% […]
Read moreNovember 4, 2014 4:13 pm
Alibaba Group Holding Ltd reported second-quarter results above analysts expectations due to strong growth in its e-commerce operations. In its first report to investors, after the all-time-record $25-billion listing in September, the Chinese behemoth stated a 53.7% increase in sales to RMB 16.83 billion in the three months ended September 30th, compared to RMB 10.95 […]
Read moreNovember 4, 2014 2:29 pm
Hugo Boss AG warned that its full-year sales and operating profit will be lower than expected due to “substantial slowdown” in industry growth in Europe. The German luxury fashion house said it expects revenue to grow between 6% and 8% on a currency-adjusted basis this year, lower than its previous projection of a high single-digit […]
Read moreNovember 4, 2014 1:13 pm
Nissan Motor Co Ltd stated an increase in Q2 profit and overtook analysts expectations amid record sales in the United States which made up for slowing operations in China. Nissan reported a slight increase in operating profit of ¥139.34 billion for the second business quarter, compared to last years result of ¥113.8 billion, beating the […]
Read moreNovember 4, 2014 9:53 am
Natural gas retained previous gains and held firmly above $4 as forecasts warned about sub-freezing temperatures across the Midwest and Northeast. On the New York Mercantile Exchange, natural gas for delivery in December fell 0.17% to $4.039 per million British thermal units by 9:38 GMT. Prices ranged between $4.069 and $4.029. The contract edged up […]
Read moreNovember 4, 2014 8:51 am
Gold fell for the fifth consecutive day to trade near the lowest in more than 4 years amid expectations the Federal Reserve is considering raising lending costs sooner than projected. The metal is likely to drop even further as the U.S. dollar strengthened and technical analysis points towards taking bearish positions. Comex gold for delivery […]
Read moreNovember 3, 2014 4:22 pm
Laboratory Corporation of America Holdings, a major provider of healthcare diagnostic services, announced it has struck a cash and stock deal with Covance Inc. to add contract research services to its portfolio. LabCorp said the deal is valued at $105.12 per Covance share, which represents a 32% premium to the companys closing price on October […]
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