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Wall Street drops for third day, dollar cuts losses| Reuters

Jul 24, 2015 at 03:45 | Source: FirstPost

NEW YORK Wall Street stocks dropped for a third day on Thursday, sagging under weak corporate profit reports that left the Dow Jones industrials index in the red for 2015, while strong U.S. labour market data supported a weak dollar.Oil prices declin...

Updated: AMD denies split rumors

Jun 22, 2015 at 15:19 | Source: FirstPost

Earlier today Reuters had reported that chipmaker Advanced Micro Devices was considering splitting itself in two or spin off a business to take on rival Intel. But AMD spokesperson Sarah Youngbauer has told ExtremeTech the following: While we normall...

Advanced Micro Devices mulling breakup, spinoff: Sources

Jun 22, 2015 at 10:19 | Source: FirstPost

Chipmaker Advanced Micro Devices Inc is at the initial stage of reviewing whether to split itself in two or spin off a business, seeking to reverse its fortunes and take on rival Intel Corp, according to three people familiar with the matter.The deli...

China A-shares will be gamechanger for emerging market benchmark| Reuters

Jun 17, 2015 at 02:45 | Source: FirstPost

NEW YORK Including Chinese mainland stocks in MSCI Inc's emerging markets index will have a significant impact for global investors in funds tied to the index given the weighting and volatility of the shares, a Reuters graphical data analysis shows.T...

Nestle withdraws Maggi from shelves, blames 'environment of confusion' in India

Jun 05, 2015 at 08:52 | Source: FirstPost

With various food safety agencies finding Maggi noodles unsafe and states banning it, Nestle India has decided to take the product off the shelves temporarily, the company said in an early morning press release today.However, the company seems to sti...

Nestle India gives in, withdraws Maggi from stores temporarily but insists it's safe

Jun 05, 2015 at 07:35 | Source: FirstPost

With various food safety agencies finding Maggi noodles unsafe and states banning it, Nestle India has decided to take the product off the shelves temporarily, the company said in an early morning press release today.However, the company seems to sti...

Japan stock market cap hits record, exceeds 1989 peak | Reuters

May 23, 2015 at 02:15 | Source: FirstPost

TOKYO The market capitalisation of shares listed on the Tokyo Stock Exchange's main board hit a record high on Friday, topping a 26-year peak and marking one victory in Prime Minister Shinzo Abe's campaign to jolt the economy out of a long phase of d...

Indian co-founders of IGate to make a windfall $1 bn in CapGemini's acquisition of the US co

Apr 28, 2015 at 09:52 | Source: FirstPost

CapGemini, a French information technology services company, said it will buy US-based rival IGate Corp for $4 billion in a deal that would make North America into its biggest market and hand IGate founders a $1 billion windfall.CapGemini also raised...

French IT firm Cap Gemini to buy U.S. rival IGATE for $4 billion| Reuters

Apr 27, 2015 at 23:18 | Source: FirstPost

PARIS (Reuters) - Cap Gemini SA, a French information technology services company, said it will buy U.S.-based rival IGATE Corp for $4 billion in a deal that would make North America into its biggest market and hand IGATE's founders a $1 billion wind...

Yes Bank up 97% in fiscal 2015: Private banks return way more to investors than public lenders

Apr 01, 2015 at 17:59 | Source: FirstPost

Risk-averse private sector banks remained the darlings of stock market investors in fiscal year 2015, giving almost double the returns compared to capital-starved, stress-ridden state-run banks. Analysts do not see this trend changing in the approach...

Practice before you preach? No women on SEBI board despite directive to India Inc

Mar 31, 2015 at 10:10 | Source: FirstPost

Hyderabad : It is a wonderful idea to appoint at least one woman on the board of directors of any listed company. It is also shameful that a regulator had to step in to warn the companies with huge penalties, if they fail to adhere to this rule.But s...

Modi's first major reform win: Rajya Sabha approves long-pending insurance bill

Mar 13, 2015 at 07:40 | Source: FirstPost

New Delhi: Parliament on Thursday night approved the NDA government's first major economic reform measure as the long-pending bill providing for raising foreign investment cap to 49 percent in insurance was passed by Rajya Sabha after main opposition...

At long last, Dow gets a taste for Apple

Mar 06, 2015 at 22:45 | Source: FirstPost

NEW YORK (Reuters) - Apple Inc, the largest U.S. company by market value, will join the storied Dow Jones industrial average, replacing AT&T Inc, in a change that reflects the dominant position of iPhone maker in the U.S. economy and society.The ...

Apple to replace AT&T in Dow industrials

Mar 06, 2015 at 21:30 | Source: FirstPost

NEW YORK (Reuters) - Apple Inc, the largest U.S. company by market value, will join the storied Dow Jones industrial average, replacing AT&T Inc, in a change that reflects the dominant position of iPhone maker in the U.S. economy and society.The ...

What would the Dow look like if it included Apple?

Mar 02, 2015 at 23:30 | Source: FirstPost

NEW YORK (Reuters) - It may be by far the most valuable American company but Apple Inc still cant get into at least one exclusive club the 30-member Dow Jones Industrial Average. That may not be a problem for the company behind the iPhone and the iP...

Apple $1 trillion stock market value could be years away

Feb 13, 2015 at 07:45 | Source: FirstPost

SAN FRANCISCO (Reuters) - Activist Investor Carl Icahn thinks Apple Inc is already worth over $1 trillion but others on Wall St. think it will take a few more years for the iPhone maker's stock value to get there.With Apple's stock market value ball...

Apple seen boosting share buybacks after blockbuster results

Jan 29, 2015 at 00:15 | Source: FirstPost

(Reuters) - Apple Inc's blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors.Apple's shares ...

Guess what? Motherson Sumi creates more wealth than 8 Tata group cos

Jan 13, 2015 at 17:28 | Source: FirstPost

Its a trivia that may perhaps surprise even keen followers of the stock market: a cursory glance at the market capitalization of eight of the Tata Groups smallest listed firms combined is smaller than that of automotive products' manufacturer Mothers...

Five Reasons Icahn Says Apple Is Worth $1.2 Trillion

Oct 11, 2014 at 18:00 | Source: Bloomberg

The world's biggest company isn't big enough for Carl Icahn. That's essentially the activist investor's message to Apple Inc. (AAPL), which had a market capitalization of $603.6 billion at the close of trading on Oct. ...

Five Reasons Icahn Says Apple Is Worth $1.2 Trillion

Oct 11, 2014 at 18:00 | Source: Business Week

That's essentially the activist investor's message to Apple Inc. (AAPL:US), which had a market capitalization of $603.6 billion at the close of trading on Oct. 8. In a letter yesterday to Apple Chief Executive Officer Tim Cook, Icahn ...

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