Commodities trading house Glencore has priced its long-awaited public offering at between 480 and 580 pence per share, valuing the company at $60 billion at the mid-point of the price range.
Glencore International AG has set the price range for its London and Hong Kong IPO, seeking to raise as much as $12.6 billion, including an overallotment option, three sources told Reuters on Wednesday.
Anheuser-Busch InBev, the world's largest brewer, increased revenue and profit in the first quarter as price hikes more than offset lower volumes caused by U.S. unemployment and flooding in Brazil.
Jefferies & Co. raised its price target on shares of Autodesk, Inc. (NASDAQ: ADSK) to $47 from $42, while maintaining its hold rating. The brokerage raised its fiscal 2012 EPS estimate for Autodesk to $1.73 on revenue of $2.21 billion from $1.62 on revenue of $2.156 billion, and its 2013 estimate to $2.08 on revenue of $2.474 billion from $1.93 on revenue of $2.381 billion.
Chevron Corp , the second-largest U.S. oil company, reported a larger-than-expected 36 percent rise in earnings on Friday, as oil prices surged and refining improved along with global fuel demand.
Consumer sentiment rose in April as the sharp increase in gasoline prices was viewed as being temporary, a survey released on Friday showed.
Chevron Corp , the second-largest U.S. oil company, reported a 36 percent jump in quarterly earnings as oil prices surged and refining profits improved along with the global economy.
Makers of soap, diapers and other household products are spending much more for fuel and raw materials than expected, which means more price increases are on the way for consumers.
Gold is constant. What is changing is everything else - the volume and quality of debt, in particular, and the volume of US Dollars most especially. That's what makes the golden constant stand out against the noise of the Dollar's latest plunge.
Food, beverage and household products companies have been pressured for months by rising commodity costs and their stocks have paid the price, but Kimberly-Clark Corp showed on Monday things could be even worse.
FBR Capital Markets upgraded its rating on shares of Marriott International, Inc. (NYSE: MAR) to outperform from market perform with a price target of $43.
Gold prices shot up to a new record of $1,512.50 an ounce in New York late on Friday, posting a record weekly gain and maintaining a six-week winning streak. What the gold rally means to the dollar and the American people is obvious from the rush pawn shops see across the United States.
Truck drivers in Shanghai, China have been staging a protest against rising fuel prices which they claim is deeply hurting their businesses.
Gold prices soared above $1,500 an ounce on Wednesday, setting a new all-time record, even as the precious metal sustained a superb run banking on its value as the preferred safe haven investment in uncertain times.
General Electric Co imposed new conditions on a large options award the board granted to Chief Executive Jeff Immelt after shareholders expressed concerns that the terms needed to be more stringent.
Price cuts from multiple vendors may signal that a successor to the Wii is around the corner.
South Korea's LG Display, the world's No.2 LCD flat screen maker, posted its second consecutive quarterly loss on Monday, hit by tumbling panel prices and fragile demand from television and computer makers.
It took fewer than 400 words for freshman Google Inc CEO Larry Page to set the tone for a strained relationship with Wall Street that could haunt him for years.
Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.
A number of T. Rowe Price Group Inc mutual funds reported owning stakes in Facebook Inc, valuing the fast-growing social media firm at $25 per share.
A number of T. Rowe Price Group mutual funds reported owning stakes in Facebook Inc, valuing the fast-growing social media company at $25 per share.
S&P futures turned flat on Friday after being negative as U.S. core consumer prices were below expectations for March.