Marriott wins back Sheraton-owner Starwood with new offer| Reuters
Mar 22, 2016 at 00:45 | Source:
Starwood Hotels and Resorts Worldwide Inc (HOT.N), owner of the Sheraton and Westin brands, accepted a higher $13.6 billion acquisition offer from peer Marriott International Inc (MAR.O), spurning a bid from China's Anbang Insurance Group.The move dr...
JPMorgan, Citi shareholders to vote on potential breakup plans| Reuters
Mar 17, 2016 at 04:15 | Source:
Shareholders of JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) will get to vote on whether their banks should consider breaking into smaller pieces.Citigroup included the question in a proxy statement it filed on Wednesday for its annual mee...
Concor stake sale's institutional portion oversubscribed
Mar 09, 2016 at 15:58 | Source:
New Delhi: The government's 5 per cent stake sale in the Container Corporation of India (Concor) got off toa positive start today, with the institutional investor portion getting oversubscribed within three hours of opening of trade.Of the over 77.98...
Wall Street chalks up strongest day in a month| Reuters
Mar 02, 2016 at 05:15 | Source:
Wall Street enjoyed its strongest session in a month on Tuesday, led by financial and technology stocks after encouraging U.S. factory and construction data suggested the world's biggest economy was regaining momentum.The S&P 500 closed 2.39 perc...
Banks and tech fuel robust gains on Wall Street| Reuters
Mar 02, 2016 at 01:45 | Source:
Wall Street surged on Tuesday to its highest since early January, led by financial and technology stocks after encouraging U.S. factory and construction data suggested the world's biggest economy was regaining momentum.While manufacturing activity co...
Gold hits nine-week high as China worries hit stocks| Reuters
Jan 08, 2016 at 02:15 | Source:
LONDON Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as the dollar fell and investors channelled money into safer assets after worries about the Chinese economy hit global stocks.European shares fell sharply after Ch...
Verizon launches auction to sell data centres - sources | Reuters
Jan 06, 2016 at 05:30 | Source:
Verizon Communications Inc (VZ.N) has started a process to sell its data centre assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecommunications conglomerate focuses on its core business....
45 Indians in Forbes list of achievers under 30
Jan 05, 2016 at 13:21 | Source:
New York - Forty-five Indians and Indian-origin people have made it to Forbes' annual list of achievers under the age of 30 who are "changing the rules of the game or creating entirely new playbooks" across varied fields.The Forbes fifth an...
Analysts see 2016 oil price rise, while traders bet on fall| Reuters
Dec 31, 2015 at 22:30 | Source:
SINGAPORE A year ago, after oil prices had halved in six months, analysts were forecasting a price recovery in 2015 while many traders were busy shorting the market. As it turned out, the traders were correct and oil prices fell by another third this...
Citigroup raises holding in L&T Finance to 7.56% for around Rs 208 cr
Dec 29, 2015 at 10:37 | Source:
Citigroup has increased its stake in financial services firm L&T Finance Holdings from 5.74 percent to 7.56 percent for about Rs 208 crore.Citigroup Global Market Mauritius Private Limited purchased 3.18 crore shares or 1.82 percent of L&...
Wall Street slides on lower crude prices, options expiry| Reuters
Dec 19, 2015 at 01:45 | Source:
The Dow Jones industrial average shed nearly 300 points as crude prices headed for their third straight weekly loss, and stock and index options contracts expired.The Dow and the S&P 500 were on track for their worst two-day run since Nov. 1, and...
Citi to cut 2,000 jobs starting next month - Bloomberg | Reuters
Dec 19, 2015 at 00:45 | Source:
Citigroup Inc (C.N) plans to cut at least 2,000 jobs starting next month as the lender restructures its businesses, Bloomberg reported.A substantial portion of the layoffs will be in middle or back-office positions, Bloomberg reported, citing a perso...
Wall Street gains ahead of Fed as energy, bank shares jump| Reuters
Dec 16, 2015 at 03:45 | Source:
U.S. stocks rose broadly on Tuesday but ended far off their session highs ahead of Wednesday's interest rate decision from the Federal Reserve.Higher underlying inflation in November cemented market bets that the Fed will raise rates after its two-da...