Breaking News

Share SHARE

Shares of Compagnie Financiere Richemont AG (CFRUY.PK) declined around 4 percent in the morning trading in Zurich after the Swiss luxury goods group reported Wednesday that its sales for the five months were impacted by weak Asia Pacific performance. This was offset by higher European and American sales,...

Dutch insurer Aegon NV's (AGN.L, AEG) shareholders were given an option to choose between receiving the interim dividend of 0.11 euros a share in cash or in stock, while 45% of shareholders chose to receive the stock dividend. Those who elected a stock dividend would receive one Aegon common share for...

Swiss luxury goods group Compagnie Financiere Richemont AG (CFRUY.PK) Wednesday said its sales for the five months ended August 31 increased by 4 percent at constant exchange rates. At actual exchange rates, sales rose 1 percent, negatively impacted by the weakening of the US dollar and the yen...

The Inditex Group (IDEXF.PK) reported that its first-half net income decreased to 928 million euros from 951 million euros. EBIT was 1.19 billion euros, compared to 1.22 billion euros. Net sales rose 6% to 8.08 billion euros from 7.65 billion euros, prior year. The Inditex Group's stores and online...

Telecom giant AT&T (T) Wednesday announced that it will begin taking pre-orders for South Korean conglomerate Samsung Electronics Co. Ltd.'s (SSNLF) Samsung Galaxy Tab S 10.5 and Galaxy Tab S 8.4 of at www.att.com or at AT&T retail stores on September 17. Shipping for pre-orders will begin around...

Transportation and logistics provider TransForce Inc. (TFI.TO) and Contrans Group Inc. (CSS.TO) said 2420785 Ontario Inc., TransForce's indirect, wholly-owned subsidiary, is extending the expiry date of its all-cash offer for all of the Class A Subordinate Voting Shares and Class B Multiple Voting Shares...

Beijing Shishang Renjia Networks Technology Co. Ltd. or Daojia, an online food ordering and delivery service provider in China, successfully completed its series D round of financing, raising $50 million. JD.com (JD), a leading B2C e-commerce company in China, and Macquarie Capital co-led the investment. Hao...

Defense contractor Lockheed Martin (LMT) said the U.S. Government's CLIO satellite, which was designed and built by the company, was successfully launched on Tuesday from Cape Canaveral Air Force Station. Lift-off occurred at 6:10 p.m. MDT aboard a United Launch Alliance Atlas V launch vehicle. Initial...

Medical devices maker Boston Scientific Corp. (BSX) Wednesday said it has received CE Mark for the Vercise Deep Brain Stimulation or DBS System for the treatment of tremor, including the most common form of this movement disorder known as essential tremor or ET. Tremor is characterized by involuntary...

Package delivery giant FedEx Corp. (FDX) Tuesday said its subsidiaries FedEx Express, FedEx Ground and FedEx Freight would increase shipping rates, effective January 5, 2015. FedEx Express will increase shipping rates by an average of 4.9 percent for U.S. domestic, U.S. export and U.S. import services. FedEx...

Shares of U.S. Steel Corp. (X) surged nearly seven percent in extended trading on Tuesday after the steel producer announced strategic actions to strengthen the company, and said it continues to expect third quarter adjusted results to be significantly higher than the current consensus estimates. U.S....

Software giant Microsoft Corp. (MSFT) announced late Tuesday an eleven percent increase in quarterly dividend and added two new directors to the board. However, the dividend increase is the smallest since 2009, and half of last year's hike. "As we continue to focus on the company's transformation...

Australian compliance advisory service provider SAI Global Ltd. (SGLOF, SAI.AX) said Tuesday that it has not received any final bids for the company despite putting itself up for sale. However, SAI Global said it has received offers from several parties interested in acquiring one or more of the company's...

Alcoa (AA) announced the pricing of public offering of 25 million of depositary shares at $50 per Share. The offering is expected to close on September 22, 2014. In addition, the company granted underwriters an option to buy additional 3.75 million Depositary Shares to cover over-allotments, if any Each...

Callidus Software Inc. (CALD), doing business as CallidusCloud, said Tuesday that it has acquired Clicktools, a cloud enterprise B2B survey provider, for about $14 million net of cash and accounts receivable assumed on the balance sheet. Clicktools is the creator of a SaaS-based enterprise survey...