Business News

Volkswagen-112114-lg.jpgGerman auto giant Volkswagen AG said Friday that it will invest 85.6 billion euros, or about $106 billion, in new models, environmentally friendly technologies and production facilities over the next five years. Volkswagen noted that more than half of the investments, or about 56 percent, will be in property, plant and equipment in Germany.

AbbVie Gets Positive CHMP Opinion For VIEKIRAX + EXVIERA To Treat HCV

AbbVie Inc. (ABBV) said Friday that the European Committee for Medicinal Products for Human Use or CHMP of the European Medicines Agency or EMA has granted positive opinions for the company's investigational, all-oral, interferon-free treatment of VIEKIRAX (ombitasvir/paritaprevir/ritonavir) + EXVIERA...

Latest News

Former Washington DC Mayor Marion Barry Dies At 78


Bio Blast Pharma Loss Widens

Bio Blast Pharma Ltd (ORPN) Friday reported third-quarter net loss of $2 million or $0.16 per share compared with a loss of $195 thousand or $0.02 per share last year. Analysts polled by Thomson Reuters estimated a loss of $0.09 per share for the quarter. Analysts' estimates typically exclude special...

Mexico Economic Growth Improves As Expected

Mexico's economy growth improved in the third quarter, in line with economists' expectations, and at the fastest pace in nearly two years, preliminary data from the statistical office INEGI showed Friday. Gross domestic product rose an unadjusted 2.2 percent year-on-year following 1.6 percent increase...

Mexico Q3 GDP Sa Up 0.50% On Quarter, Consensus 0.6%

Mexico Q3 GDP Unadj. Up 2.2% On Year Vs. 1.6% In Q2, Consensus 2.3%

Canadian Consumer Price Index Increased 0.1% In October


American Tower To Buy Tim Tower Portfolio In Brazil For About $1.2 Bln

American Tower Corp (AMT), a firm that owns and develops wireless and broadcast communications real estate, Friday reached an agreement with TIM Celular S.A. ("TIM"), a part of TIM Participações S.A., a publicly traded subsidiary of Telecom Italia S.p.A., to acquire two portfolios of towers in Brazil....

SWS Stockholders Approve Merger With Hilltop Holdings


Aruba Networks Inc. (ARUN) Pulled Back Sharply On Weak Q2 Outlook

Aruba Networks Inc. (ARUN) reported first quarter adjusted EPS of $0.26 Friday morning, compared to $0.16 in the previous year. The consensus estimate was for EPS of $0.25. Second quarter adjusted EPS is expected to be between $0.26 and $0.27, compared to the consensus estimate of $0.27.3 Aruba Networks...

CGN Power To Raise Up To About US$3.2 Bln In Hong Kong IPO: WSJ

CGN Power Co, the Chinese nuclear power plant operator, is planning to raise up to US$3.16 billion in an initial public offering in Hong Kong, the Wall Street Journal said Sunday. The company intends to offer 8.83 billion shares in a price range of HK$2.43 to HK$2.78 per share on Monday, the Journal...

Tsakos Energy Navigation Q3 14 Earnings Conference Call At 10:00 AM ET

Tsakos Energy Navigation Ltd.(TNP) will host a conference call at 10:00 AM ET on November 21, 2014, to discuss its Q3 14 earnings result. To access the live webcast, log on at To participate in the call, dial 1 866 819 7111 (US) or +44 (0)1452 542 301 (International). A replay of...