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DW
Apple shares drop deeper as Icahn sells stake |Billionaire investor Carl Icahn sent US stocks reeling Thursday after announcin
Apple shares drop deeper as Icahn sells stake |
DW / Posted 2 minutes ago
Billionaire investor Carl Icahn sent US stocks reeling Thursday after announcing he had liquidated his investment in Apple - the biggest factor of Thursday's more than 200-point drop on Wall Street. Icahn told US cable television network CNBC he had... Read more
52 related stories
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AllAfrica.com
Court Keeps Pilots Circling Over Planned StrikeNairobi — The High Court has blocked a planned strike by pilots following an ur
Court Keeps Pilots Circling Over Planned Strike
AllAfrica.com / Posted 3 minutes ago
Nairobi — The High Court has blocked a planned strike by pilots following an urgent case lodged by Kenya Airways. The order blocking the strike remains in force until an inter-partes hearing on May 9. "An interim order be and is herby granted... Read more
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AllAfrica.com
Lafarge Raising Bond to Repay U.S.$300 Million LoanLafarge Africa is marketing a 60 billion naira ($302 million) bond to refinance
Lafarge Raising Bond to Repay U.S.$300 Million Loan
AllAfrica.com / Posted 3 minutes ago
Lafarge Africa is marketing a 60 billion naira ($302 million) bond to refinance some dollar-denominated debt at United Company of Nigeria (UNICEM), which it bought last year. Chief finance officer Anders Kristiansson told analysts on Thursday that... Read more
3m
AllAfrica.com
Failure of Companies Blamed On Weak Corporate GovernanceThe Executive Vice Chairman/CEO Nigerian Communications Commission (NCC), Prof.
Failure of Companies Blamed On Weak Corporate Governance
AllAfrica.com / Posted 3 minutes ago
The Executive Vice Chairman/CEO Nigerian Communications Commission (NCC), Prof. Umar Garba Danbata, has blamed the failure of some companies on weak or complete absence of corporate governance structures, as seen in major companies around the world... Read more
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AllAfrica.com
Stakeholders, NCC Disagree Over Vas Market Draft RuleThe Nigerian Communications Commission (NCC) and Stakeholders in the telecoms i
Stakeholders, NCC Disagree Over Vas Market Draft Rule
AllAfrica.com / Posted 3 minutes ago
The Nigerian Communications Commission (NCC) and Stakeholders in the telecoms industry, Wednesday in Lagos, openly disagreed over some sections of the draft regulatory framework on value added service (VAS) prepared by the NCC. The stakeholders had... Read more
5 related stories
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AllAfrica.com
Leather Industry Sets Pace for Industrial RevivalMwanza — Implementations of the fifth phase government fresh agenda on industri
Leather Industry Sets Pace for Industrial Revival
AllAfrica.com / Posted 3 minutes ago
Mwanza — Implementations of the fifth phase government fresh agenda on industrialization have kicked off with a number of activities now taking place, including holding stakeholders meetings and workshops to discuss and chart best ways the ambitious... Read more
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AllAfrica.com
NLC, TUC Object Investment of Pension Funds in InfrastructureThe Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC) have fault
NLC, TUC Object Investment of Pension Funds in Infrastructure
AllAfrica.com / Posted 3 minutes ago
The Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC) have faulted moves by the federal government to use pension funds for the development of infrastructure across the country. Speaking separately at a Roundtable on Retirement and... Read more
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AllAfrica.com
Namibia Woos German Energy GiantsWindhoek — Siemens AG, the German infrastructure, energy, healthcare and infras
Namibia Woos German Energy Giants
AllAfrica.com / Posted 3 minutes ago
Windhoek — Siemens AG, the German infrastructure, energy, healthcare and infrastructure giant, has in conjunction with its subsidiaries, who employ 362 000 people, expressed interest in the Namibian energy sector. Another German electricity giant,... Read more
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AllAfrica.com
NCC Issues New Draft Regulatory Framework for Value Added ServicesThe Nigerian Communications Commission, NCC, on Thursday issued a new draft reg
NCC Issues New Draft Regulatory Framework for Value Added Services
AllAfrica.com / Posted 3 minutes ago
The Nigerian Communications Commission, NCC, on Thursday issued a new draft regulatory framework for value added services in the country's telecommunications sector. The Executive Vice Chairman of the Commission, Umar Danbatta, announced this in... Read more
5 related stories
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AllAfrica.com
Fidelity Bank's Shares Gain Despite CEO IndictmentShares of the Fidelity Bank Plc yesterday appreciated at the trading floor of t
Fidelity Bank's Shares Gain Despite CEO Indictment
AllAfrica.com / Posted 3 minutes ago
Shares of the Fidelity Bank Plc yesterday appreciated at the trading floor of the Nigerian Stock Exchange (NSE) despite the allegations made by the Economic and Financial Crimes Commission (EFCC) against the company CEO. At the end of the trading,... Read more
3m
AllAfrica.com
Stanchat Net Profit Drops By Shs86 BillionKampala — Uganda's second largest bank, Standard Chartered Uganda, paid the pri
Stanchat Net Profit Drops By Shs86 Billion
AllAfrica.com / Posted 3 minutes ago
Kampala — Uganda's second largest bank, Standard Chartered Uganda, paid the price for bad loans in 2015. In financial results released on Thursday, Standard Chartered net profit dropped by Shs86b to Shs28b in 2015. In the last eight years, this is... Read more
3m
Herald Sun
Colgate fined for dirty detergent dealColgate-Palmolive has been fined $18 million over an illegal deal to control th
Colgate fined for dirty detergent deal
Herald Sun / Posted 3 minutes ago
Colgate-Palmolive has been fined $18 million over an illegal deal to control the price and supply of laundry detergents. In a deal with competitor Unilever Australia, Colgate stopped selling laundry concentrate in 2009 and started selling ultra... Read more
33 related stories
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Weekly Times
Colgate fined for dirty detergent dealColgate-Palmolive has been fined $18 million over an illegal deal to control th
Colgate fined for dirty detergent deal
Weekly Times / Posted 3 minutes ago
Colgate-Palmolive has been fined $18 million over an illegal deal to control the price and supply of laundry detergents. In a deal with competitor Unilever Australia, Colgate stopped selling laundry concentrate in 2009 and started selling ultra... Read more
33 related stories
3m
Herald Sun
Italian oil giant Eni swings to 1Q lossItalian gas and oil giant Eni lost 792 million euros ($A1.1 billion) in the fir
Italian oil giant Eni swings to 1Q loss
Herald Sun / Posted 3 minutes ago
Italian gas and oil giant Eni lost 792 million euros ($A1.1 billion) in the first quarter on sharply weaker commodity prices. Eni on Friday said the loss compares with a profit of 832 million euros in the same period last year. Given weak pricing,... Read more
4 related stories
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Weekly Times
Italian oil giant Eni swings to 1Q lossItalian gas and oil giant Eni lost 792 million euros ($A1.1 billion) in the fir
Italian oil giant Eni swings to 1Q loss
Weekly Times / Posted 3 minutes ago
Italian gas and oil giant Eni lost 792 million euros ($A1.1 billion) in the first quarter on sharply weaker commodity prices. Eni on Friday said the loss compares with a profit of 832 million euros in the same period last year. Given weak pricing,... Read more
4 related stories
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AllAfrica.com
Plus Funeral Management to Set Up Training InstituteA-Plus Funeral Management is mooting a plan to forge partnerships with other ac
Plus Funeral Management to Set Up Training Institute
AllAfrica.com / Posted 3 minutes ago
A-Plus Funeral Management is mooting a plan to forge partnerships with other actors in the health sector to set up a training institute to boost skills development in the funeral management industry. Speaking to journalists last week, A-Plus Group... Read more
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AllAfrica.com
Molale Hands Cheques to Government, BTCLGaborone — The Minister for Presidential Affairs and Public Administration, Mr
Molale Hands Cheques to Government, BTCL
AllAfrica.com / Posted 3 minutes ago
Gaborone — The Minister for Presidential Affairs and Public Administration, Mr Eric Molale has officially handed over cheques from the proceeds of the Initial Public Offering (IPO) of Botswana Telecommunications Corporation Limited (BTCL) shares to... Read more
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Weekly Times
More Vic asset sales to follow port leaseVictoria is looking at selling off more state assets as it prepares for the $7
More Vic asset sales to follow port lease
Weekly Times / Posted 3 minutes ago
Victoria is looking at selling off more state assets as it prepares for the $7 billion sale of the Port of Melbourne lease. Treasurer Tim Pallas says the port sale will provide a windfall surplus for Victoria, which has already predicted a $2.9... Read more
56 related stories
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The Courier Mail
More Vic asset sales to follow port leaseVictoria is looking at selling off more state assets as it prepares for the $7
More Vic asset sales to follow port lease
The Courier Mail / Posted 4 minutes ago
Victoria is looking at selling off more state assets as it prepares for the $7 billion sale of the Port of Melbourne lease. Treasurer Tim Pallas says the port sale will provide a windfall surplus for Victoria, which has already predicted a $2.9... Read more
56 related stories
4m
The Courier Mail
Italian oil giant Eni swings to 1Q lossItalian gas and oil giant Eni lost 792 million euros ($A1.1 billion) in the fir
Italian oil giant Eni swings to 1Q loss
The Courier Mail / Posted 4 minutes ago
Italian gas and oil giant Eni lost 792 million euros ($A1.1 billion) in the first quarter on sharply weaker commodity prices. Eni on Friday said the loss compares with a profit of 832 million euros in the same period last year. Given weak pricing,... Read more
4 related stories
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International Business Times
Housing Bill: Government should be 'embarrassed' by Right to Buy plan for housing associations A cross-party group of MPs on the Public Accounts Committee has blasted governm
Housing Bill: Government should be 'embarrassed' by Right to Buy plan for housing associations
International Business Times / Posted 4 minutes ago
A cross-party group of MPs on the Public Accounts Committee has blasted government's plan to extend the Right to Buy to housing association tenants and said it should be "embarrassed" by the policy's lack of detail. The government said more... Read more
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International Business Times
AstraZeneca to focus on cancer treatments while pruning commercial and manufacturing operations AstraZeneca is planning to give more priority to its oncology business. The Ang
AstraZeneca to focus on cancer treatments while pruning commercial and manufacturing operations
International Business Times / Posted 4 minutes ago
AstraZeneca is planning to give more priority to its oncology business. The Anglo-Swedish pharmaceuticals firm will focus on cancer treatments in an attempt to streamline operations and help increase revenues. It also plans to initiate a cost cutting... Read more
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International Business Times
UK housing: Rents rising faster than wages in England and 'will peak in autumn' Rents are still rising faster than earnings in England, according to figures fr
UK housing: Rents rising faster than wages in England and 'will peak in autumn'
International Business Times / Posted 4 minutes ago
Rents are still rising faster than earnings in England, according to figures from the Office for National Statistics (ONS). In the year to March 2016, private rents grew 2.8% on average, well ahead of the 1.8% growth in weekly earnings. A housing... Read more
4m
The Courier Mail
Colgate fined for dirty detergent dealColgate-Palmolive has been fined $18 million over an illegal deal to control th
Colgate fined for dirty detergent deal
The Courier Mail / Posted 4 minutes ago
Colgate-Palmolive has been fined $18 million over an illegal deal to control the price and supply of laundry detergents. In a deal with competitor Unilever Australia, Colgate stopped selling laundry concentrate in 2009 and started selling ultra... Read more
33 related stories
5m
CNBC
US Treasurys edge higher; data eyedOn the data front, personal income and spending data as well as core PCE prices
US Treasurys edge higher; data eyed
CNBC / Posted 5 minutes ago
On the data front, personal income and spending data as well as core PCE prices and the employment cost index are all set to be released at 8:30 a.m. ET. Chicago PMI is set to follow at 9:45 a.m., with consumer sentiment due at 10:00 a.m. In oil... Read more
5m
CNBC
Euro zone data deluge: Better-than-expected growth, but we're back in deflationEconomists like Howard Archer, chief U.K. and European economist at IHS Global
Euro zone data deluge: Better-than-expected growth, but we're back in deflation
CNBC / Posted 5 minutes ago
Economists like Howard Archer, chief U.K. and European economist at IHS Global Insight, said there were a "number of positives for euro zone growth" and that extra ECB stimulus would start to "kick in" soon. "While they have firmed recently, oil and... Read more
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CNBC
Why the 'sell in May' mantra doesn't hold up to historyThere's also the flip side — the period of "investable" months. The "sell in M
Why the 'sell in May' mantra doesn't hold up to history
CNBC / Posted 5 minutes ago
There's also the flip side — the period of "investable" months. The "sell in May and go away" strategy suggests investors return to stocks in November and hold until the following April. Indeed, the S&P 500 has traded positive 80 percent of the time... Read more
5m
The Daily Voice - New Canaan
New Canaan Students Take Home Second Place At Mock Stock Trading EventSTAMFORD, Conn. — Academy of Information Technology senior Daniel Ruskin has so
New Canaan Students Take Home Second Place At Mock Stock Trading Event
The Daily Voice - New Canaan / Posted 5 minutes ago
STAMFORD, Conn. — Academy of Information Technology senior Daniel Ruskin has some simple advice for investors: You want to buy low and sell high — at just the right time. Ruskin had made a “bunch” of money on Dutch Oil only to lose some on RBC, two... Read more
5m
Swissinfo
The U.S. Is Sitting on a Mountain of Cheese(Bloomberg) -- When bacon was abundant it was everywhere: in your jam, on seemi
The U.S. Is Sitting on a Mountain of Cheese
Swissinfo / Posted 5 minutes ago
(Bloomberg) -- When bacon was abundant it was everywhere: in your jam, on seemingly every burger, even flavoring bourbon. So if history is any guide, this year's food trend is extra cheese. The reason is the U.S. is sitting on more butter and cheese... Read more
5m
Swissinfo
SNB's Jordan Still Sees Room for Maneuver on ‘Overvalued’ Franc(Bloomberg) -- The Swiss National Bank hasn’t yet exhausted its policy options
SNB's Jordan Still Sees Room for Maneuver on ‘Overvalued’ Franc
Swissinfo / Posted 5 minutes ago
(Bloomberg) -- The Swiss National Bank hasn’t yet exhausted its policy options and won’t hesitate to take unconventional steps in the face of a a franc that remains “significantly overvalued,” President Thomas Jordan said. The central bank is... Read more
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