AUSTRALIAN Securities & Investments Commission chairman Greg Medcraft has urged investors and investment houses to exercise more care in dealing with complex financial products, highlighting the growth of self-managed super funds as the ...
Tags: economy, industry view
Recent fiscal changes in Venezuela could help state oil company PDVSA significantly cut its $16.4 billion debt to service providers this year, according to some economists and analysts. The changes, mainly to Venezuela's complicated ...
Tags: oil activity, PDVSA, Venezuela
THE Australian sharemarket rose yesterday, with the financial sector accounting for much of the strength, after eurozone finance ministers approved a new agreement on Cyprus and the so-called troika of international lenders. The benchmark ...
Tags: economy
Britain's biggest food manufacturer Premier Foods will seek refinancing over the next six to 18 months to further improve its balance sheet, predicts City analyst Shore Capital. Brand advantage: revenue growth is likely to come from ...
Tags: Foods, food manufacturer, food
Rue21, inc. announced its financial results for the fourth quarter and full fiscal year ended February 2, 2013. Fourth Quarter Fiscal 2012 Summary: For the fourth quarter of fiscal 2012, net sales increased 22.4% to $269.1 million from ...
Tags: Apparel retailer, Apparel, sales
Suntech Power's epic plunge from solar module dominance to bankruptcy comes as the result of misplaced investments, a misguided pricing strategy, anti-dumping action in the US and a potential new willingness by the China government and ...
Tags: solar module, solar, Suntech
BP announced Friday an $8 billion share buyback program, following through on a promise to reverse the dilutive effect on earnings from its sale of its stake in TNK-BP. BP, which completed the sale of its 50% stake in TNK-BP to Rosneft on ...
Tags: BP, TNK-BP Proceeds, Chemicals
China-based Suntech Power Holdings announced the insolvency of its China subsidiary, Wuxi Suntech. Industry sources noted that Suntech executives will arrive in Taiwan next week to meet with strategic partners. Taiwan-based solar firms ...
Tags: Suntech, solar firms, solar
US stocks gained ground, nearly erasing the week's losses for the Dow industrials as investors started to look past the latest euro-zone debt drama. For European markets, however, it was a different story, as the turmoil in Cyprus ...
Tags: economy
Small business optimism has returned to levels not seen in almost two years according to a new survey. The survey, conducted by Bibby Financial Services, showed 65 per cent of small businesses are more optimistic about sales growth in the ...
Tags: Electrical, Electronics
While Michael Dell struggles to take his eponymously named hardware vendor private, BMC Software is set to be taken private in a takeover by a consortium of private equity interests. BMC, best known for its systems management software, ...
Tags: BMC Software, Computer Products
Suntech Power Holdings, a China-based solar firm, has announced that it has received from the trustee of its 3% convertible notes a notice of default and acceleration relating to Suntech's non-payment of the principal amount of US$541 ...
Tags: solar firm, solar, Suntech
BlackBerry chief executive Thorsten Heins has taken a swipe at rival Apple's iPhone, claiming that its user interface is five years old and suggesting that it is in need of a refresh. "Apple did a fantastic job in bringing touch devices ...
Tags: Computer Products, Consumer Electronics, Blackberry, Apple
With Michael Dell still battling to get his US$24.4 billion buyout deal approved by shareholders, his company needs to avoid a long, drawn-out battle that could erode customer confidence. Dell will soon provide details about any ...
Tags: Dell, Long Buyout Battle, go-shop period
US investors pushed stocks broadly higher, as the Federal Reserve's promise of continued easy-money policies helped them move past the latest flare-up in Europe's debt crisis. The Dow Jones Industrial Average finished with an advance of ...