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BlackBerry turns profitable. Software revenue rose 20% yoy

Mar 27, 2015 at 17:44 | Source: FirstPost

BlackBerry Ltd posted better-than-expected quarterly earnings on Friday, offering signs its turnaround efforts may be beginning to gain traction, but a larger-than-expected drop in revenue gave investors cause for concern.Waterloo, Ontario-based Blac...

Wall St. falls in choppy session but ends off lows

Mar 27, 2015 at 02:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks fell for a fourth straight session on Thursday, but indexes ended well off session lows with support from economic data and earnings, including Accenture's.The Dow Jones industrial average .DJI fell 40.31 points, or 0...

Wall Street down after air strikes on Yemen, but off lows

Mar 26, 2015 at 23:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks declined on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, but were off session lows as the S&P 500 attempted to hold a key technical level. Oil prices climbed, with Brent crude up 2.5 p...

Wall St Week Ahead - Investors eye data as stocks approach records

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

REUTERS - Investors enjoying near-record levels for major stock indexes will scrutinize housing data and other economic indicators in the coming week for hints about the timing of U.S. interest rate hikes to see if the rally will continue.Concern abo...

Wall St. rises on Nike, lower dollar; snaps three-week string of losses

Mar 21, 2015 at 03:15 | Source: FirstPost

(Reuters) - U.S. stocks rose on Friday, pushing the Nasdaq to a 15-year high and helping the S&P 500 snap a three-week string of losses, following a pullback in the dollar, upbeat results from Nike and further biotech gains.Recent sharp gains in ...

Sharp decline in U.S. dollar lifts stocks, oil

Mar 21, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - The U.S. dollar fell sharply on Friday and posted its biggest weekly decline against the euro in more than three years, helping to drive a rally in Wall Street stocks and crude oil. The Nasdaq posted its highest close in 15 years...

Investors fret over exit as prices for start-ups soar

Mar 21, 2015 at 01:15 | Source: FirstPost

MUMBAI (Reuters) - As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings and limit their options when it comes to turning paper profits into cash.Ind...

S&P 500 ends lower in Fed rally reversal

Mar 20, 2015 at 04:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks fell on Thursday as a stronger dollar weighed on oil and other commodity prices, sending energy and materials sectors lower.The greenback rose after a sharp decline on Wednesday. The Federal Reserve appeared to be mor...

U.S. stocks slip, dollar gains day after Fed view

Mar 20, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - European shares rose on Thursday, a day after the Federal Reserve indicated it was in no rush to hike U.S. interest rates, but stocks slipped on Wall Street while crude oil retreated and the dollar rebounded, reversing the previo...

Stocks fall as Fed rally unwinds

Mar 20, 2015 at 01:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks fell on Thursday in a reversal of the previous day's action, as a stronger dollar weighed on oil and other commodity prices sending energy and materials sectors lower.The Dow Jones industrial average .DJI fell 117.16 ...

Listen up Flipkart, Snapdeal: Sebi may relax IPO rules for e-tailers to list on bourses

Mar 19, 2015 at 08:55 | Source: FirstPost

The Securities and Exchange Board of India (Sebi) is planning rule changes that will make it easier for homegrown start-ups to list their shares on local bourses, sources involved in the process said, helping domestic investors to bet on the country'...

Dollar down, bonds elated as Fed takes dovish tone

Mar 19, 2015 at 05:45 | Source: FirstPost

SYDNEY (Reuters) - The dollar nursed punishing losses in Asia on Thursday after investors priced in a later start and a slower pace for future U.S rate rises, slashing Treasury yields and firing up Wall Street stocks.The formerly friendless euro foun...

U.S. shares, oil jump after Fed statement

Mar 19, 2015 at 01:45 | Source: FirstPost

NEW YORK (Reuters) - Stocks on Wall Street surged and oil prices jumped as much as 5 percent on Wednesday after the Federal Reserve indicated it preferred a more gradual path to normalizing U.S. interest rates even as it moved towards its first rate ...

Wall St. surges as Fed statement offers relief

Mar 19, 2015 at 01:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks rallied on Wednesday after the Federal Reserve cut its expected pace of growth and inflation, suggesting a less aggressive timeline for raising interest rates even as it opened the door for the first rate hike in almo...

Wall St jumps as Fed statement relieves worries

Mar 19, 2015 at 00:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks climbed on Wednesday, reversing course as the Federal Reserve moved a step closer to its much-anticipated first rate hike since 2006 by removing "patient" from its language.While the Fed's statement followin...

Europe shares rise, U.S. falls before Fed statement

Mar 19, 2015 at 00:30 | Source: FirstPost

NEW YORK (Reuters) - Stocks on Wall Street slipped and shares in Europe rose on Wednesday, reflecting a policy divergence between the Federal Reserve and the European Central Bank, while oil prices fell as data indicated U.S. crude inventories were a...

Wall Street falls with eyes on Fed statement

Mar 18, 2015 at 23:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks fell in early trading on Wednesday ahead of a highly anticipated statement and news conference by the Federal Reserve later in the session, with the Fed expected to give clearer clues on how soon it plans to tighten m...

Sebi considers easing IPO rules to lure homegrown startups

Mar 18, 2015 at 18:25 | Source: FirstPost

The Securities and Exchange Board of India (SEBI) is planning rule changes that will make it easier for homegrown start-ups to list their shares on local bourses, sources involved in the process said, helping domestic investors to bet on the country'...

Dollar rallies to fresh highs; global stocks and oil fall

Mar 14, 2015 at 01:45 | Source: FirstPost

NEW YORK (Reuters) - The dollar powered higher yet on Friday, pressuring stocks and commodities, on expectations of a Federal Reserve interest rate hike that could slow U.S. corporate profits.The dollar index .DXY was on track for a back-to-back week...

Energy leads Wall St lower; S&P set for 3rd down week

Mar 14, 2015 at 00:30 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks mostly fell on Friday, putting the S&P 500 on track for its third straight weekly decline as the dollar strengthened while continued weakness in crude oil prices pressured energy shares.Markets have been volatile ...

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