Strauss Group, an Israel-based food and drinks manufacturer, is exploring an initial public offering of its coffee unit on the US stock exchange. Strauss and TPG Capital Management, its partner in Strauss Coffee, have submitted a draft ...
Tags: Strauss Group, Highlander, Food
Weibo Corp., the Chinese microblogging service often compared with Twitter, filed Friday for a US stock offering seeking to raise $500 million. The move will allow the popular Chinese-language social network to spin off from the Internet ...
Tags: Weibo, e-shopping, Computer
Financial software expert Lev Lesokhin, who works for analysis and measurement software provider CAST Software, believes that stock exchanges are playing Russian roulette with their trading systems. "We're loading up a bunch of bullets or ...
Tags: Computer Products, software
Wall Street played its own version of war games on Thursday, testing its defences against simulated cyber-attacks bent on taking down US stock exchanges. A total of 500 people took part in the exercise, called Quantum Dawn 2, in offices ...
Tags: Wall Street, Computer Products
The Gulf Coast heating oil differential fell 75 points Wednesday as US production and stocks increased and traders cited trouble finding ships to move any export barrels. Platts assessed the Gulf Coast heating oil differential at NYMEX ...
Tags: Heating Oil, Chemicals
The Australian dollar weakened despite another firmer finish on Wall Street. At 6.30am AEST the local unit was trading at 95.56 US cents, down from 96.21 cents at yesterday’s local close. The Australian dollar, a risk appetite ...
Tags: Australian Dollar, US Stock
Chinese online video website Ku6 Media Co., Ltd. (NASDAQ: KUTV) will continue a user generated content (UGC) strategy. It said in the evening on June 3 that Du Fang, the former deputy director with Zhejiang Stellite TV, would take the ...
Tags: Service, Media, online video website
General Motors will again be listed on the Standard & Poor’s 500 Index after being removed from the American equities listing in 2009 after filing for bankruptcy in the wake of the global financial crisis. Returning to the S&P 500, ...
Tags: General Motors, S&P 500
The Australian dollar is lower after heavy falls on Wall Street on Friday night. At 6.30am AEST, the Australian dollar was trading at US96.18c, down from US96.41c on Friday. The currency weakened on Friday night as the US stock market ...
Tags: US Stocks, Australian Dollar
The Australian dollar gained as much as US1c in overnight trade after the US dollar fell against all the major currencies. The Aussie peaked at US96.71c in overseas trade overnight. By 7am AEST it was trading at US96.34c, up from ...
Much-hacked social networking site Twitter has finally introduced two-factor authentication in a bid to cut down on the hijacking of accounts. The move follows a string of hacks of high-profile accounts by groups such as the ...
Tags: Twitter, Authentication, Google, Facebook
The Australian dollar opened below 99 US cents as another rally on Wall Street boosted the greenback. At 7am AEST, the local currency was trading at 98.92 US cents, down from yesterday’s local close of 99.80 US cents, marking the ...
Tags: Dollar, US Markets, Service
The Australian dollar moved slightly higher amid gains on US share markets. At 6.30am AEST the currency was trading at 102.49 US cents, up from 102.36 US cents at yesterday’s local close. The Australian dollar made modest gains ...
Tags: Australian Dollar, US Stock
THE Australian dollar dropped below 103 US cents for the first time in three days amid falls on US stock markets and weaker commodity prices. At 6.30am AEST the currency was trading at 102.77 US cents, down from 103.54 US cents at ...
Tags: Australian Dollar, US Stocks
Systems management software vendor BMC Software has announced job cuts following the conclusion of a review into its operations. The restructuring will result in a pre-tax charge estimated at between $33m and $38m (£21m and ...
Tags: Computer Products, software