U.S. stock markets ended higher on Wednesday, led by gains from technology and banking sector stocks. Cisco Systems led gains in technology stocks after CEO John Chambers said in a memo to employees that the company has lost its way and will need to restore its credibility. Chambers suggested Cisco might change operations to narrow the company's focus.
Wealth-X estimates that there are 8,200 Indians (including Non-Resident Indians) worth more than $30 million with an aggregate net worth of $945 billion
The price of Gold reached new record highs vs. the Dollar on Wednesday in London, breaching $1460 per ounce as world stock markets also kept rising together with commodities and higher-yielding currencies.
Following is the full text of an internal memo sent by John Chambers, CEO of Cisco Systems (NASDAQ: CSCO) to the employees, where he talked about the company's execution issues, loss of credibility and making bold changes.
Genpact Ltd (NYSE: G), the outsourcing company spun off from General Electric Co., has agreed to acquire privately-held IT services provider Headstrong Corp. for $550 million in cash to expand its operations in the United States.
U.S. stocks ended mixed on Tuesday as weaker-than-expected ISM Services PMI report and hawkish Fed meeting minutes weighed on the sentiment.
Former BP Plc chief executive Tony Hayward denied on Tuesday he was setting up an investment firm as he left a private meeting in one of the most luxurious hotels in the United Arab Emirates.
Texas Instruments' major deal for National Semiconductor has drawn criticism and praise.
Assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) rose about 31 percent in March, according to the latest data from National Stock Exchange.
The companies whose shares are actively trading in Tuesday's morning session include National Semiconductor, Apple, Questcor, Cubist, Intersil, Diamond Foods, Cree and Teekay LNG.
U.S. blue-chip stocks eked out small gains Monday in the lightest trading volume all year, but other major indexes finished flat as the technology sector sagged.
The top after-market NASDAQ Stock Market gainers are: Questcor Pharmaceuticals, Cubist Pharmaceuticals, Intersil, Expedia, and ON Semiconductor. The top after-market NASDAQ Stock Market losers are: Team, Meru Networks, Prospect Capital, Royal Gold, and Sify Technologies.
The house where Kate Middleton used to live for 13 years is on the market for £460,000 ($742k USD).
The US dollar continued to fall in Q1 2011. It lost 2.4 percent against G10 currencies, similar to the pace of decline in Q4 2010 but more moderate compared to the 8.4 percent QE2-induced drop in Q3 2010.
The Gold Price rose early Monday in London, nearing last week's high of $1439 per ounce as energy prices led a surge in commodity prices and Silver Bullion jumped 1.9% to fresh 31-year highs.
Pfizer Inc. (NYSE: PFE) said it agreed to sell its Capsugel business, a maker of hard capsules, to private equity firm Kohlberg Kravis Robert & Co. for $2.375 billion in cash.
Kofax Plc said completion of the sale of its non-core hardware business has been delayed by around two months. Jefferies & Co. said the delayed hardware business sale does not impact its investment case.
Leaders from five of the world's top emerging economies will discuss a coordinated stance on economic issues such as commodity price fluctuations, but the yuan's exchange rate is off the agenda, a senior Chinese diplomat said on Saturday.
During the height of the financial crisis, banks around the world lined up to borrow money from the discount window of the Federal Reserve. In the few months before and after Lehman Brother’s collapse on September 15, 2008, billions were lent out.
Private equity firm TPG Capital has agreed to sell a minority stake in itself to two sovereign wealth funds, the Kuwait Investment Authority and the Government of Singapore Investment Corp, a source familiar with the situation said on Friday.
Spot Gold slumped 1.4% lunchtime Friday in London, falling back from its highest-ever monthly close as the Dollar jumped on news of stronger-than-expected US jobs hiring in March.
A team from Dechert LLP is serving as legal advisor to Golub Capital, including partners Thomas Friedmann, David Harris and Richard Hervey and associates William Tuttle and Jordan McKay
