Business News

Alcoa-081015.jpgAlcoa Inc. (AA), the largest producer of aluminum in the US, Thursday reported a sharp decline in profit for the third quarter, as sales dropped 11 percent reflecting divestitures and currency headwinds. Both the earnings and revenues fell short of Wall Street analysts' estimates, sending its shares...

Novartis Reports New Analysis From Phase III FREEDOMS And FREEDOMS II Trials

Novartis (NVS) announced a new analysis from the phase III FREEDOMS and FREEDOMS II trials reinforcing the long-term efficacy profile of Gilenya or fingolimod. The analysis evaluated the proportion of Gilenya patients with relapsing multiple sclerosis or RMS achieving 'no evidence of disease activity'...

Helen Of Troy Q2 Profit Rises, Shares Up 7%

Personal care products maker Helen of Troy Ltd. (HELE), Thursday reported an increase in profit for the second quarter, as revenues climbed 15 percent. Both earnings and revenues for the quarter trumped Wall Street expectations. Moving ahead, the company lifted its financial outlook for the full year,...

Australia Home Loans Climb 2.9% In August

The total number of home loans issued in Australia was up a seasonally adjusted 2.9 percent on month in August, the Australian Bureau of Statistics said on Friday, coming in at 54,546. That missed forecasts for an increase of 4.7 percent following the downwardly revised 0.3 percent decline in July...

Formula One Near $8.5 Bln. Sale: FT Reports

Formula One is reportedly near a deal that would sell the racing circuit to an investor group that includes the owner of the Miami Dolphins. The Financial Times reports that the purchase price for the racing company is $8.5 billion. According to the paper, Dolphins owner Stephen Ross has reached a hand-shake agreement with CVC, a private equity firm holding a 35.5 percent stake in Formula One.

Gap Inc. (GPS) Is Losing Ground After Drop In September Sales

Gap Inc. (GPS) announced after the bell Thursday that its comparable sales for September dropped 1 percent. The retailer reported flat results for the same period last year. The stock is now down 1.74 on 213K shares. Gap rose during the first half hour of trade Thursday and extended its gains around...

Schaeffler Closes IPO At 12.50 Euros Per Share

Schaeffler AG, the German auto parts maker owned by the Schaeffler family, Thursday set its initial public offering price at 12.50 euros per share. The company raised gross proceeds of about 938 million euros by offering 75 million shares, of which 66 million from Schaeffler AG and the remaining 9...

Alcoa Q3 15 Earnings Conference Call At 5:00 PM ET

Alcoa Inc. (AA) will host a conference call at 5:00 PM ET on October 8, 2015, to discuss Q3 15 earnings results. To access the live webcast, log on to http://www.alcoa.com/global/en/investment/analysis.asp To listen to the call, dial (855) 252-9433 (US) or + 1 (484) 487-2715 (International), Conference...
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10/08/15 20:30Home LoansAUG Australia
10/08/15 20:30Investment LendingAUG Australia
10/08/15 14:0FOMC Meeting Minutes- United States
10/08/15 10:30EIA Natural Gas Inventory (Cubic Feet)OCT 2 United States
10/08/15 9:0CPI (M-o-M)SEP Mexico
10/08/15 9:0CPI (Y-o-Y)SEP Mexico
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