Business News
Factbox: Saudi Aramco – the oil colossus
The world’s largest oil producer, Saudi Aramco, has announced its intention to float in Riyadh in what could be the biggest stock market listing in history.
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Business News
Give or take a trillion: Investors still in the dark on Saudi Aramco value
Saudi Aramco’s blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion.
Business News
Burger King’s India unit looks to raise 4 billion rupees in IPO
The Indian arm of U.S.-based Burger King filed for a local initial public offering (IPO) to raise up to 4 billion rupees ($56.6 million) on Monday, as it looks to open more restaurants in a country where international fast-food brands are gaining in popularity.
Business News
Oil prices creep higher on tentative U.S.-China hopes
Oil prices crept upwards on Monday, with Brent reaching its highest in more than a month after the previous day’s boost from growing expectations of a U.S.-China trade deal and Iran flagging OPEC discussions of a deeper output cut next month.
Business News
Trade hopes lift stocks as recession fears recede
World shares touched a 21-month high on Monday on signs that the United States and China could soon put an end to a damaging trade war as well as indications that the world may yet dodge an economic recession.
Trading Ideas
Skyworks Solutions, Inc. (NASDAQ:SWKS) Earns A Nice Return On Capital Employed
Today we’ll look at Skyworks Solutions, Inc. (NASDAQ:SWKS) and reflect on its potential as an investment. In… …read more […]
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Earnings: 3 ‘Strong Buy’ Stocks to Watch Monday
There’s no sense denying the fact that investors are relieved by the results so far in Q3 earnings season. Through the summer there were growing signs of a general slowdown in the global economy, and market watchers had expected Q3 results to come in below par. So far, that hasn’t happened – results are good.To date, 341 S&P 500 companies have released their quarterly performance. While aggregate earnings are down 0.6%, that is more than balanced by 4.9% gain in revenues. Of the companies that have reported so far, 60% beat the revenue forecasts and 74% showed EPS beats. These …read more […]
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UPDATE 1-U.S. FDA approves RedHill's bacterial infection treatment
RedHill Biopharma Ltd’s said on Monday its three-drug combination therapy to treat Helicobacter pylori bacterial infections had been approved by the U.S. Food and Drug Administration. The drug, Talicia, is an oral capsule comprising two antibiotics, amoxicillin and rifabutin, as well as omeprazole, a common treatment for heartburn. The Israel-based company said the drug was designed to address the high resistance of H. pylori bacteria to current clarithromycin-based standard-of-care therapies. …read more […]
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One Thing To Remember About The Big Lots, Inc. (NYSE:BIG) Share Price
If you’re interested in Big Lots, Inc. (NYSE:BIG), then you might want to consider its beta (a measure of share price… …read more […]
Business News
Apple pledges $2.5 billion to fight California housing crisis
Apple Inc on Monday said it would commit $2.5 billion to easing a housing shortage that has driven up prices across California, with most of the money dedicated to funds that will be run either with or by the state government.
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How Does Meritor's (NYSE:MTOR) P/E Compare To Its Industry, After Its Big Share Price Gain?
Meritor (NYSE:MTOR) shares have had a really impressive month, gaining 31%, after some slippage. And the full year… …read more […]
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Apple pledges $2.5 bln to fight California housing crisis
Apple Inc on Monday said it would commit $2.5 billion to easing a housing shortage that has driven up prices across California, with most of the money dedicated to funds that will be run either with or by the state government. One billion dollars will go to a jointly run fund with state officials aimed at jumpstarting delayed or stalled affordable housing projects. In an interview with Reuters, Apple Chief Executive Tim Cook said the company felt a “profound responsibility” to improve California’s housing crisis. …read more […]
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UPDATE 1-Turkey says delivery of second Russian S-400 batch may be delayed
Delivery of a second batch of Russian S-400 missile defence systems to Turkey may be delayed beyond a planned 2020 timeline by talks on technology sharing and joint production, the head of Turkey’s Defence Industry Directorate said on Monday. NATO allies Turkey and the United States have been at loggerheads over the purchase of the S-400 system, which Washington says is not compatible with NATO defences and poses a threat to its Lockheed Martin F-35 fighter jets. Despite Washington’s warnings and threats of U.S. sanctions, Turkey started taking delivery of the first S-400 batch in July. …read more […]
Business News
Takeaway.com switches Just Eat deal structure as Prosus circles
Takeaway.com has changed its line of attack in the battle to buy food delivery ordering service Just Eat , effectively lowering the threshold for approval of its offer to fend off rival suitor Prosus .
Business News
Santander in 350 million pound deal for stake in UK’s Ebury
Santander has taken a 350 million pound ($453 million) majority stake in UK-based Ebury as part of a digital strategy to boost growth through new ventures, the Spanish bank announced on Monday.