Search Results for: EC
BSkyB to pay $8 billion to create Sky Europe
July 25th, 2014
Britain’s BSkyB has agreed to pay around 4.9 billion pounds ($8.3 billion) to buy Rupert Murdoch’s pay-TV assets in Germany and Italy, responding to the slowing growth at home with a deal to create a European media powerhouse. BSkyB, ...
China’s long problems to resurface in 2016
July 25th, 2014
PNC Financial Services Group is staying cautious warning of a “perfect storm” that could surface by 2016, beside the recent positive data from China. Stuart Hoffman, chief economist at Financial Services Group wrote in a report this week, “Several ...
Amazon reports $126m quarterly loss
July 25th, 2014
Amazon has reported a loss of $126m (£74m) in the second quarter and warned that sales could slow in the current quarter. Amazon forecast third quarter sales of between $19.7bn and $21.5bn, which could mean sales growth of as ...
IFRS 9 Financial Instruments issued by IASB
July 24th, 2014
The International Accounting Standards Board (IASB) issued today IFRS 9 Financial Instruments to complete the final element of its comprehensive response to the financial crisis. The new model removes complexity associated with previous accounting requirements. Hans Hoogervorst, Chairman of ...
UBS Wins Case Over Firing of Drug Analyst in Front-Running Probe
July 24th, 2014
A London judge said UBS AG (UBSN) had the right to fire a senior analyst who discussed rumors about a Sanofi drug with a friend at a hedge fund who may have bet against the company before publishing a ...
Wal-Mart U.S. CEO Bill Simon steps down
July 24th, 2014
Wal-Mart said Thursday that Greg Foran will replace Bill Simon as its U.S. CEO. Simon has been in the role since June 2010 and will leave the company. Wal-mart’s stock was down just under 1% to $76.30 in pre-market ...
Gold Under Pressure, Dips Under $1300
July 24th, 2014
Gold has dipped under the key level of $1300, as the spot price stands at $1298.67 per ounce late the European session. The metal has now slipped about 2% in little over a week. In the US, Unemployment Claims ...
Spanish jobless rate below 25% for the first time in two years
July 24th, 2014
The unemployment rate in Spain has fallen below 25% for the first time in two years, thanks to the beginning of a revival in the economy. An extra 402,000 people started work in the second quarter of the year, ...
McDonald’s Growth Troubles Don’t Go Down Well With Analysts
July 24th, 2014
As McDonald’s Corporation (NYSE:MCD) continued to see its sales suffer in main markets such as the U.S., Germany, Japan and Australia, market analysts downgraded the fast-food giant’s stock on Wednesday, after the Illinois-based company posted a disappointing second-quarter profit, ...
E.C.B. Says It Has Been Hacked in Apparent Blackmail Attempt
July 24th, 2014
The European Central Bank said on Thursday that hackers had broken into an internal database and stolen information about journalists and others, in what appeared to be part of a blackmail scheme. The central bank said that the information ...
