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Gold hits three-month high as U.S. data eases rate fears| Reuters

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

NEW YORK/LONDON Gold hit a three-month high on Thursday as the dollar came under pressure following a new batch of mixed U.S. data that pushed back expectations of when interest rates in the world's largest economy will rise.Spot gold XAU= rose to th...

Stocks leap as Wall Street lauds jobs growth| Reuters

May 09, 2015 at 03:30 | Source: FirstPost

U.S. stock indexes ended more than 1 percent higher on Friday after strong jobs data indicated U.S. economic growth was picking up momentum, but not enough to raise concerns about an earlier-than-expected interest-rate rise by the Federal Reserve.U.S...

ArcelorMittal cuts 2015 view on U.S. steel, weak mining| Reuters

May 08, 2015 at 04:30 | Source: FirstPost

BRUSSELS (Reuters) - ArcelorMittal (ISPA.AS), the world's largest producer of steel, on Thursday cut its profit guidance for 2015 due to a more bearish view of the U.S. steel market and the impact of falling iron ore prices on its mining business.The...

McDonald's reset to change structure, cut costs, boost franchises| Reuters

May 05, 2015 at 02:30 | Source: FirstPost

(Reuters) - McDonald's Corp's (MCD.N) new chief executive officer said on Monday he would reorganize business units, sell restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a "modern, progressive burger company.&q...

McDonald's to reorganize units, boost franchises in turnaround | Reuters

May 04, 2015 at 22:45 | Source: FirstPost

REUTERS - McDonald's Corp's new chief executive officer said on Monday he would reorganize operating units, sell more restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a "modern, progressive burger company."...

Wockhardt recalls 12-15 drugs from US market; shares tumble up to 11%

Apr 28, 2015 at 12:53 | Source: FirstPost

Pharmaceuticals major Wockhardt today said it is recalling select drugs in the US, manufactured at its two units at Chikalthana and Waluj in Maharashtra, which were under import restrictions from the USFDA, sending the shares down as much as 11 perce...

Massive US presence: What Capgemini can gain with $4bn IGate acquisition

Apr 27, 2015 at 15:30 | Source: FirstPost

French IT services company Capgemini is all set to buy US-based IGATE Corp for $4 billion cash in a deal that will make North America its biggest market.GATE, a technology and services company headquartered in New Jersey with 2014 revenues of $1.3 bi...

Consolidation in IT? What Capgemini can gain with $4bn IGate acquisition

Apr 27, 2015 at 12:18 | Source: FirstPost

French IT services company Capgemini is all set to buy US-based IGATE Corp for $4 billion cash in a deal that will make North America its biggest market.GATE, a technology and services company headquartered in New Jersey with 2014 revenues of $1.3 bi...

Insight - Flash crash charges garner increasing scepticism in high-speed world| Reuters

Apr 25, 2015 at 04:45 | Source: FirstPost

WASHINGTON (Reuters) - The notion that one man trading from his parents' house in a working class London suburb had a material role in the 2010 Wall Street flash crash has aroused increasing scepticism from investors and traders since charges were br...

Nasdaq on track for first closing record since 2000| Reuters

Apr 24, 2015 at 02:45 | Source: FirstPost

(Reuters) - The Nasdaq Composite, the U.S. market index most closely associated with technology stocks, jumped to a 15-year high on Thursday and was on track for its first record high close since the tech bubble burst.The Nasdaq jumped as high as 5,0...

Stopped investor meetings, yet to even use SoftBank funds: Snapdeal

Mar 31, 2015 at 16:57 | Source: FirstPost

Snapdeal's co-founder Kunal Bahl has a huge soft corner for Alibaba. In an interaction with journalists this afternoon to announce a foray into financial services, Bahl mentioned the Alibaba model multiple times.Once he admitted that Snapdeal has tak...

Hinduja Global buys US-based wellness automation tech firm

Mar 31, 2015 at 14:27 | Source: FirstPost

Hinduja Global Solutions has acquired majority stake in the US-based Colibrium Partners and Colibrium Direct (Colibrium), a wellness automation technology firm, for an undisclosed amount.Colibrium has developed a cloud-based platform that facilitates...

ICC cagey about World Cup expansion but keen to crack US frontier

Mar 27, 2015 at 10:49 | Source: FirstPost

International Cricket Council chief executive David Richardson has warned of the dangers of the game "spreading itself too thin" but said officials were still keen for the sport to fully establish itself in the United States.The 2019 World ...

Focus is more competition, not just more teams: ICC CEO Richardson

Mar 26, 2015 at 15:43 | Source: FirstPost

International Cricket Council chief executive Dave Richardson has tempered sustained calls for the 2019 World Cup to be expanded from its planned 10 teams, saying the sport's governing body is prioritizing building competitiveness among the internati...

Exclusive - U.S. bets on Brazil, extends new invitation to Rousseff

Mar 25, 2015 at 02:31 | Source: FirstPost

SAO PAULO (Reuters) - The Obama administration has again invited Brazil's President Dilma Rousseff for a state visit to Washington, a diplomatic breakthrough that both sides hope will lead over time to greater trade between the two biggest economies ...

E-commerce firms lobby with Sebi to get IPO relaxation

Mar 18, 2015 at 22:29 | Source: FirstPost

New Delhi: To tap capital markets to raise funds, a number of e-commerce companies including start-ups are lobbying hard with Sebi to seek relaxation in IPO norms, but regulator is firm on measures to safeguard investors.Sebi is of the view that the ...

Corrected - Analysis: GM's Barra bets she can deliver where predecessors fell short

Mar 10, 2015 at 01:15 | Source: FirstPost

DETROIT (Reuters) - (The story was refiled to correct the title of Dan Ammann to president, not chief operating officer in paragraph 8)General Motors Co (GM.N) Chief Executive Officer Mary Barras deal on Monday to return up to $10 billion to investor...

Analysis - GM's Barra bets she can deliver where predecessors fell short

Mar 10, 2015 at 00:45 | Source: FirstPost

DETROIT (Reuters) - General Motors Co (GM.N) Chief Executive Officer Mary Barras deal on Monday to return up to $10 billion to investors is a career-defining bet that she can reverse the automaker's history of doubling down on money-losing products a...

Adidas sees sales, profit growth as golf business recovers

Mar 05, 2015 at 13:45 | Source: FirstPost

BERLIN (Reuters) - German sportswear company Adidas expects robust sales growth in 2015 as its golf business improves and consumer confidence recovers, while net profit should rise faster still despite exchange rate hits and higher marketing spending...

TJ Maxx follows Walmart in raising US workers' basic pay

Mar 04, 2015 at 10:17 | Source: BBC

The owner of US retailers TJ Maxx and Marshalls will raise the hourly pay of its workers to $9 (£5.80) in June - $1.75 above the country's minimum wage. TJX said it also plans to increase the rate to $10 in 2016. The announcement comes a week a...

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