The sharemarket closed lower today, dragged down by the four big banks. At the close of trade, the benchmark S&P/ASX200 index was down 25.5 points, or 0.5 per cent, at 5092.4. The All Ordinaries index was down 24.2 points, or 0.47 per ...
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LED chipmaker Epistar plans to find important downstream strategic partners by issuing 250 million new shares for private placement, and targeting Europe- and US-based lighting brands as investors. The deal is expected to be completed ...
Tags: LED chipmaker, Lighting, LED
Rumours of a potential takeover of smartphone strugglers BlackBerry have boosted its share price by 14% BlackBerry's shares rose 14% on Monday (11 March) stoked by takeover speculation by Lenovo and news that AT&T will begin selling the ...
Gardner Denver, Inc. and Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) today announced that the companies have entered into a definitive merger agreement in a transaction valued at approximately $3.9 ...
Tags: Gardner Denver, Kohlberg Kravis Roberts, merger agreement
US independent Cub Energy said Friday is has agreed to acquire a privately held Ukrainian oil and gas explorer, PrivateCo, for $25 million to increase its existing gas acreage in Ukraine. Under an all-share deal, Cub will pick up some ...
Tags: US independent Cub Energy, oil, gas, gas acreage
Google has retaken the role of superstar of the tech sector with a stunning stock rally as rival Apple flounders. Google has hit fresh all-time highs in recent weeks, and closed Friday in the US at $US831.52 ($814.69), capping a nearly ...
The private equity consortium led by KKR which bought NXP is selling another 25 million shares in the company. Last month it sold 30 million shares. The 30 million shares that were disposed of at around $30 each in February were sold to ...
Tags: KKR, NXP, company news
BMTC Group, Quebec's largest full-line furniture, mattress and appliance retailer, suffered declining sales and earnings in the fourth quarter and full year, a reflection of the challenging retail environment. Fourth quarter revenues of ...
Tags: BMTC Group, furniture, mattress, earnings
The Reserve Bank's decision yesterday to keep rates on hold for the second month in a row pushed the Australian dollar higher but capped share price gains as traders pared back the likelihood of further interest rate cuts this year. The ...
The sharemarket has shot up by more than 1.5 per cent at noon, with investors using yesterday's falls to lap up cheaper stocks. CMC Markets chief market analyst Ric Spooner describes it as a relief rally following Monday's decline. The ...
Tags: Stocks, sharemarket, ANZ
Dutch financial conglomerate ING has agreed to dispose of its 36.5% % stake in Brazilian joint venture (JV) SulAmérica, to its partner Larragoiti Family, for an undisclosed sum. Without revealing further terms of the agreement, the ...
Apple's annual shareholder meeting held at Apple headquarters in Cupertino California on Wednesday. Apple All directors were re-elected at the shareholders' general meeting. Apple CEO Tim Cook • voting rate reached 99.1%. In ...
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Groupon's founder and chief executive, Andrew Mason, has been fired following a string of poor financial results. In a candid memo to Groupon's staff Mason said: "After four and a half intense and wonderful years as CEO of Groupon, I've ...
Tags: Andrew Mason, Groupon, company news
The Australian sharemarket has reached a fresh four-and-a-half-year high, buoyed by improved investor sentiment towards the Italian election outcome. At the close today, the benchmark S&P/ASX200 index was up 67.5 points, or 1.34 per cent, ...
Tags: Buoyant, Australian sharemarket, 2008 levels
US investment firm Jefferies analyst Peter MiseKe said in a report released Wednesday that although a growing number of analysts and shareholders required apple to do more with the cash, but he believed the company should be handled with ...
Tags: Apple, Stock Price, Peter MiseKe