News
LSE – Deutsche Boerse Merger Deal Unlikely To Succeed
The €29-billion (£24.5 billion) merger of the London Stock Exchange (LSE) and Deutsche Boerse is on the brink of falling through after the LSE stated that it would not meet a last-minute European Commission (EC) demand. The EC had asked
Read MoreTesla posts narrowed Q4 loss, Model 3 production on track
Despite reporting narrowed losses in the fiscal 2016 fourth-quarter, compared to the similar period of fiscal 2015, the stock of electric car marker Tesla Inc. (NASDAQ: TSLA) has lost $20.82 in the past one week to close at $257 on
Read MoreGroupon beats Q4 EPS view, issues positive FY17 outlook
E-commerce marketplace Groupon (NASDAQ: GRPN) reported a widened GAAP loss in the fiscal 2016 fourth-quarter, compared with the similar period of 2015. However, excluding items, the company reported a higher non-GAAP profit, versus last year’s corresponding quarter, and better than
Read MoreEU’s Largest Economies Germany And Italy Register Growth For Q4
Latest reports show that Germany’s economy grew in the last quarter of the year 2016 but the growth was lesser than analysts’ expectations. The German gross domestic product was up by 0.4 percent seasonally adjusted in the three months ending
Read MoreGeneral Motors profit hit by Pound devaluation
During the fiscal 2016 fourth-quarter, General Motors Co. (NYSE: GM), the third largest automaker in the US, took a one-time charge of $100 million. The company also faced negative foreign-exchange impact of $300 million (Pound devaluation). Still, the company reported
Read MoreAmazon turns weak on soft Q1-2017 rev outlook
Last week, e-commerce giant Amazon.Com Inc (NASDAQ: AMZN) reported 22.4% and 55.4% increase in y-o-y revenue and net income, respectively, for fiscal 2016 fourth-quarter. However, the investors were expecting much more from Amazon, which had announced a record holiday season.
Read MoreDeutsche Börse Chief Executive Being Investigated For Insider Trading
German law enforcement authorities have raided the Frankfurt residence of Carsten Kengeter, the chief executive of Deutsche Börse as a part of their probe into alleged insider trading ahead of the exchange’s merger with the London Stock Exchange (LSE). The
Read MoreAustrac Investigates Chinese Suspicious Funds In Aussie property
Over the past year the Australian financial watchdog, the Australian Transaction Reports and Analysis Centre (Austrac) has investigated suspicious transactions worth over $3.3 billion carried out by Chinese investors, raising concerns that the country’s foreign ownership laws are being skirted
Read MoreIntel beats Q4 view, issues flat Q1-2017 outlook
Aided by an exceptional performance in data centre business, the semiconductor chip manufacturer Intel Corporation (NASDAQ: INTC) reported fiscal 2016 fourth-quarter earnings that beat analysts’ estimates by a margin of 4 cents. Still, we believe that the stock of Intel
Read MoreAIG strikes risk mitigation deal with Berkshire Hathaway
The stock of global insurer American International Group Inc. (NYSE: AIG) hit a high of $67.47 in the second week of January 2017. It can be remembered that the Federal Reserve Bank of New York bailed-out the company with a
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