By 11am NY time, all three major indices, DJIA, S&P 500 and Nasdaq, had recovered early losses stimulated by further drops in oil prices as forecasts for WTI and Brent re-adjust downwards. WTI flirted with $79 but currently has recovered to the key level of $80 per barrel.
However as positive news filtered in from ECB, confirming 1.7bn Euros of asset-backed bonds were purchased last week, indices Read more [...]
Bank of England minutes released this morning revealed the continuing dovish policy being adopted by central banks, which has done so much to bolster confidence across the stock markets, and has encouraged sterling to resume its downward trend versus the dollar.
A generally bleak picture was painted across both the UK and international markets, with few if any signs of inflationary pressures domestically. Read more [...]
As General Electric Company (NYSE:GE) continues its strategy of concentrating on core manufacturing and letting go of non-core businesses, it seems to be paying off in higher profits.
The manufacturing powerhouse that makes everything from LED bulbs to aircraft engines has recently spun off its consumer finance unit into a separate company, Synchrony Financial and decided to sell its consumer appliances Read more [...]
Amazon.com Inc will become the latest tech company to move to London’s Silicon Valley in Shoreditch east London. Shoreditch is nicknamed Silicon Roundabout or Tech City due to the influx of digital and technology companies that has flourished over the past three years. Currently primarily located in Slough, where Telefonica’s O2 is situated alongside many information technology and financial services Read more [...]
Hot Consumer Goods Stock in News: McDonald’s (MCD), Nestle India Ltd. (NESTLEIND), Fraser & Neave (F99)
Fraser & Neave’s profit increases, but McDonald’s worldwide sales fall. Meanwhile, a leading finance company in India stated Nestle India Ltd. (NESTLEIND) posted its highest gross margin decline in at least 16 quarters.
Fraser & Neave, Ltd. (SGX:F99) Sold More Beer, Profit Rises 25%
Fraser & Neave, Ltd. (SGX:F99) reported a 25 percent increase in its third quarter profit. It posted Read more [...]
Health Stock Movers: Tekmira (TKMR), OncoGenex (OGXI), IGI Laboratories (IG), Kindred (KND), Thoratec (THOR)
Tekmira Pharmaceuticals (NASDAQ:TKMR) stock gained about 16 percent during premarket hours on Thursday. This increase came after the Food and Drug Administration (FDA) changed its full clinical hold on the company’s TKM-Ebola Investigational New Drug Application (IND) to a partial clinical hold. This means individuals affected with the Ebola virus can now potentially access the drug TKM-Ebola. In previous Read more [...]