The sharemarket pulled back yesterday as profit warnings in the mining services and consumer discretionary sectors continued to drag on sentiment. The benchmark S&P/ASX 200 closed down 0.6 per cent at 5180.1 points after falling to ...
Tags: Stocks, Mining Services Companies, Profit
The sharemarket rebounded yesterday after two days of losses, as the dollar tumbled again and government bond yields also fell. The benchmark S&P/ASX 200 closed up 0.3 per cent at 5180.8 after hitting an intraday high of 5194.9. However, ...
Tags: Stocks, Dollar, Bond Yields
Can the old guard in business continuity and disaster-recovery services thrive in an era when the companies are looking at new ways to process business data? SunGard Data Systems, with decades of experience in availability services, is ...
Tags: Sungard, Cloud Service, Disaster Recovery
New Zealand-based Synlait Milk is evaluating plans for an initial public offering (IPO) , as part of its efforts to fund expansion and repay its debt. The company has not disclosed the amount it was looking to raise in the IPO. ...
Tags: Synlait Milk, Milk
Restoration Hardware today announced an offering of 7.5 million shares of its stock by existing stockholders, with the sellers granting the underwriters an option to purchase another 1.125 million shares. None of the proceeds will go to ...
Tags: Restoration Hardware, Furniture, Furnishing
PPG Industries vice president of investor relations Vince Morales will present at the Goldman Sachs Basic Materials Conference 2013 in New York on Tuesday, May 21, at 1:35 p.m. ET. Morales will discuss PPG’s strategic initiatives ...
Goldman Sachs, a global investment bank, has acquired 49% stake in India-based BPL Medical Technologies, a group company of BPL Limited, for INR1.1bn ($20.08m) The investment would help in expanding the business of BPL Medical ...
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...
The recent narrowing in the Brent premium to NYMEX crude, which fell to a 17-month low of $7.48/b on Thursday, is set to continue into the third quarter, with $5/b a possibility, before widening again early next year, Goldman Sachs analysts ...
Tags: Brent/WTI, Brent premium
FOR two years, Dion Hershan has been in fairly select company -- gloomy on the outlook for commodities and local resources stocks and upbeat about the US. Now, as real concerns emerge about a bubble in major-bank share prices, the Goldman ...
Tags: economy
Littlejohn & Co, a private investment firm based in Greenwich, Connecticut, has entered into an agreement to sell CTI Foods, a provider of custom food solutions to leading chain restaurants in North America. Under the agreement, ...
Tags: Littlejohn, CTI Foods
Within the U.S. Senate's comprehensive immigration bill is a proposal to create a database that may shed new light on H-1B hiring. The intent of the database is to help improve the odds that a U.S. worker may get hired over a foreign ...
Tags: Computer Products, software
The sharemarket consolidated yesterday as high-yield plays reacted negatively to reduced hopes of further interest rate cuts following the release of stronger-than-expected domestic jobs statistics. Meanwhile, profit-taking pushed ...
Tags: Rates Forecast, economy
Apple's record-setting $17 billion bond offer this week stood in stark contrast to the company's darkest days, when in 1996 its millions in notes were rated as junk because investors wondered if the company would survive a thrashing by ...
Tags: Apple, Computer Products
ANZ Bank's better than expected half-year result yesterday was the trigger for a buying scramble in the big four banks that single-handedly pushed Australia's major sharemarket index up 65 points, or 1.2 per cent, to a five-year high of ...