Market News Stories
(Reuters) – Fiat Chrysler Automobiles (FCA) FCHA.MI FCAU.N is selling 10 percent of luxury carmaker Ferrari later this month. Here are some facts on the initial public offering. * FCA will sell up to 10 percent of Ferrari at $48-$52 … Continue reading
LONDON (ShareCast) – (ShareCast News) – US stock futures edged lower on Tuesday, as Wall Street was left unimpressed by a set of weak Chinese trade data.The Dow Jones Industrial Average is expected to open approximately down 64 points, while … Continue reading
By Olivia Oran NEW YORK (Reuters) – Over the summer, as the U.S. stock market wobbled and then plunged 4 percent in a day, Citigroup made a tough choice: to dial down risk-taking in the bank’s capital markets group. Phil … Continue reading
DUBAI, Oct 13 (Reuters) – Saudi Arabia’s stock market retreated moderately early on Tuesday because of a plunge of oil prices, while Egypt’s market moved little after four days of gains. Brent crude oil sank 5.3 percent to below $50 … Continue reading
(Reuters) – EMC Corp (EMC.N) said it would pay Dell Inc [DI.UL] $2 billion if its about $67 billion deal with the world’s no. 3 computer maker is terminated for a “superior proposal” before Dec. 12. The record merger agreement announced … Continue reading
By Lauren Hirsch and Greg Roumeliotis (Reuters) – PepsiCo Inc and Coca-Cola Co are in talks to invest in Chobani LLC, in a deal that the Greek yogurt maker hopes could value it at as much $3 billion, including debt, … Continue reading
Emerging markets aren’t just suffering through another market rout—it’s a third wave of the global financial crisis, Goldman Sachs said. “Increased uncertainty about the fallout from weaker emerging market economies, lower commodity prices and potentially higher U.S. interest rates are … Continue reading
(Reuters) – General Electric Co (GE.N) said it will sell its commercial lending and leasing businesses worth more than $30 billion to Wells Fargo Co (WFC.N) as the industrial conglomerate shifts its focus back on the manufacturing businesses. The sale … Continue reading
Barclays Plc (BARC.L) said on Tuesday it was still in the process of appointing a new chief executive officer, amid ongoing rumors that the British bank was close to naming former JPMorgan Chase Co (JPM.N) banker Jes Staley to the … Continue reading
Johnson Johnson (JNJ.N) reported third-quarter sales well below Wall Street estimates, hurt by the stronger dollar and disappointing demand for its Remicade arthritis drug and its Xarelto blood clot preventer. JJ shares fell 0.7 percent, even though the company also … Continue reading
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