German sportswear company Adidas has filed a criminal complaint with the Indian law enforcing authorities seeking a probe into the alleged financial irregularities in its Indian arm Reebok India.
The top after-market NASDAQ gainers Friday were The Hackett Group, Inc., Brocade Communications Systems, Inc., Multimedia Games Holding Company, Inc., Leap Wireless International, Inc. and XOMA Corporation. The top after-market NASDAQ losers were: American Capital Mortgage Investment Corp, Brightpoint Inc., magicJack VocalTec Ltd., Energy XXI (Bermuda) Limited (EXXI) and JetBlue Airways Corporation.
Asian markets fell at week's end as Greece's inability to form a government, uninspiring Chinese industrial output growth and JPMorgan's trading losses affected investor sentiment.
China's announcement that construction was down and manufacturers bought less factory equipment in April drove oil prices down and caused concerns that the global economy was slowing down. These concerns were reflected in market activity.
U.S. Securities and Exchange Commission (SEC) regulators are monitoring JPMorgan Chase & Company (NYSE: JPM) following the disclosure that the bank lost $2 billion in bad hedging action carried out by the so-called Whale of London, SEC Chairwoman Mary Schapiro said Friday.
Just about everything in China's economy seems to have gone backwards in April and the raft of weaker data raised fears that the world's second largest economy has yet to bottom out.
The Goldfield Corporation (NYSE Amex: GV), the U.S. southeast electric construction company, said Friday revenue nearly doubled in the quarter ended March 31 as construction activity increased.
U.S. consumer sentiment rose to its highest in more than four years in early May as Americans remained upbeat about the job market, a survey released on Friday showed.
U.S. wholesale prices edged down in April as energy costs declined, pushing the measure of inflation to its lowest annual rate in two and a half years, supporting the Federal Reserve's view that the jump in fuel costs is only temporary.
China Thursday ordered four international auditing firms in the country to hire Chinese nationals in a bid to suppress foreign control of their operations in the country.
The companies whose shares are moving in pre-market trading on Friday are: Pluristem Therapeutics Inc, Mechel OAO, Zynga Inc, JPMorgan Chase & Co, Citigroup Inc, Morgan Stanley and Apartment Investment and Management Co.
The top after-market NASDAQ gainers Thursday were: Arena Pharmaceuticals, Inc., Brooks Automation, Inc., Orexigen Therapeutics, Inc., Mindspeed Technologies, Inc. and Leap Wireless International, Inc. The top after-market NASDAQ losers were: Amtech Systems, Inc., American Public Education, Inc., Codexis, Inc., Nuance Communications, Inc. and SciClone Pharmaceuticals, Inc.
Asian markets fell on Friday as concerns surrounding Greece, weak industrial output growth in China and JP Morgan's trading loss dampened sentiments.
Freddie Mac (OTC: FMCC), the second-largest U.S. mortgage guarantor, said Thursday it was appointing Donald Layton, the former head of E*Trade as its CEO.
AngloGold Ashanti Limited (NYSE: AU), the largest gold miner in Africa, said Thursday its profit more than doubled in the first quarter, when compared to year ago results, despite decreased output.
New Labor Department data suggests a strong start to jobs growth in January may not get wiped out by negative growth heading into the third quarter.
Fragrance maker Coty Inc. increased its bid to buy troubled Avon Products Inc. (NYSE: AVP), the world's largest direct sales beauty company, to around $10.7 billion on Thursday, putting more pressure on Avon's board to negotiate.
Federal Reserve Chairman Ben Bernanke, speaking via teleconference to a Chicago bankers' conference, took an uncharacteristic swipe at community banks on Thursday, suggesting that those institutions might not be as sure-footed as their balance sheets would have them appear.
Japan?s current account surplus fell 8.6 percent in March compared to a year earlier, thanks largely to higher energy costs, the country?s Finance Ministry revealed Thursday. A stronger-than-desired yen is also weighing on export growth and it makes Japanese goods less competitive.
Apple Inc. (NASDAQ: AAPL) and its primary iPad and iPhone supplier, Foxconn Technology Company Ltd. (Taipei: 2354), will share the costs of improving labor conditions inChinese factories, Foxconn CEO Terry Gou said.
U.S. 30-year fixed-rate mortgage rates hit a new record low in the week ending May 10, following lower Treasury bond yields and weaker economic data in April, mortgage financier Freddie Mac said Thursday.
The U.S. trade deficit widened to $51.8 billion in March, up from a revised February figure of $45.4 billion, the U.S. Department of Commerce reported Thursday.
Fewer Americans than expected filed for jobless benefits last week, calming some concerns about the jobs market recovery after a disappointing April employment report. However, many signs point to the fact that companies are still very cautious about adding workers.
The companies whose shares are moving in pre-market trade Thursday are: Aegon N.V., Banco Santander, Alpha Natural Resources, Cisco Systems, CGG Veritas, Arena Pharmaceuticals Inc and Unilever plc.
Asian markets fell Thursday as weak exports data from China and concerns surrounding Greece and Spain dampened sentiments.
The Bank of Canada has unveiled their new $20 bill. The impossible to copy $20 polymer bank note features an updated design of Queen Elizabeth II and Canada's National Vimy Memorial and incorporates the latest in anti-counterfeiting technology. So why were focus groups appalled?
Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain?s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.
The entity set up by eurozone countries to provide emergency funds for member nations in crisis has agreed on Wednesday to issue a payment of 5.2 billion euros ($6.7 billion) to Greece -- but not before bickering about it.
Freddie Mac, the second-largest mortgage guarantor, will announce the appointment of Donald Layton, former head of E*Trade Financial Corp., as a new CEO as early as Thursday, the Wall Street Journal said.
Macy's, Inc. (NYSE: M), the national retailer that counts department stores brands Macy's and Bloomingdale's in its portfolio, reported earnings Wednesday that exceeded expectations, but still disappointed Wall Street, which was looking for higher guidance from the company on future earnings.
