Market News

24/10/2014 7:45 AM

DealBook: Brazilian Group Raises Bid for Chiquita on Eve of Vote on Banana Producer

(NY Times) I.S.S. again changes its view on a deal with Fyffes, saying that the revised “Cutrale/Safra offer may make that alternative more compelling.”
24/10/2014 7:41 AM

Microsoft profits fall on Nokia deal

(BBC News) Microsoft reports a fall in profits as a result of the cost of job cuts and its purchase of Nokia's smartphone business earlier this year but rising revenue cheers investors.
24/10/2014 7:40 AM

Amazon reports increased losses

(BBC News) Amazon shares plunge over 10% after the company reports a third-quarter loss of $437m (£273m), bigger than many analysts expected.
24/10/2014 7:29 AM

Lower inflation hits kiwi

(News.com.au) THE NZ dollar took a hit against the greenback after lower-than-expected inflation figures were released on Thursday.
24/10/2014 7:29 AM

Copper up on better China, Europe outlook

(News.com.au) COPPER prices rise as Chinese, European Manufacturing activity Improves.
24/10/2014 6:00 AM

China's billionaires' club

(BBC News) A peek inside the richest club in China
24/10/2014 5:37 AM

Econoclast: Europe Faces Three Critical Tests

(NY Times) Three separate events next week will help determine whether Europe is headed for economic recovery or continued stagnation.
24/10/2014 4:29 AM

Brazilian firms up bid for Chiquita

(BBC News) Brazil's Cutrale and Safra groups up their bid for banana giant Chiquita after their initial offer was rejected earlier this month.
24/10/2014 3:02 AM

Tesco shares slump on profits error

(BBC News) Tesco shares close 6.5% down after the retailer announced that profits were overstated by £263m, £13m more than the original estimate.
24/10/2014 2:55 AM

FTSE ends up despite Tesco slump

(BBC News) London's benchmark FTSE 100 index recovers early losses to close up 18.46 points, or 0.3%, at 6,418.19, despite 6.6% fall in Tesco shares.
24/10/2014 1:15 AM

DealBook: Brazilian Group Raises Bid for Chiquita on Eve of Vote on Banana Producer

(NY Times) The new offer values Chiquita at about $680 million and comes on the eve of a special shareholder vote on Chiquita’s plan to acquire an Irish rival, Fyffes, in an inversion deal.
24/10/2014 1:05 AM

DealBook: Lazard’s Profit Rises 44% as Advisory Business Stays Strong

(NY Times) The bank reported third-quarter adjusted profit of $89 million, or 67 cents a share, exceeding analyst estimates compiled by Standard & Poor’s Capital IQ.
24/10/2014 12:59 AM

3M 3rd-quarter net income up 6 per cent

(News.com.au) HIGHER revenue across all divisions has helped diversified manufacturer 3M post a 6 per cent third-quarter income rise.
24/10/2014 12:57 AM

Strong Earnings Propel Wall Street

(NY Times) Investors hailed results from General Motors, 3M and Caterpillar on Thursday.
24/10/2014 12:42 AM

DealBook: Credit Suisse Profit More Than Doubled in Third Quarter

(NY Times) The bank posted a $1.08 billion profit, benefiting from stronger equity underwriting, fixed-income sales and trading in its investment bank.

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