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For an online player like On the Beach, Thomas Cook's collapse was both good and bad. On the one hand, it lost a supplier of flights to summer sun destinations — its core market — costing the company around $9.9 million (£7.7 million) mostly in customer refunds and reducing the number of airline seats available […]...
Deere & Co. on Wednesday warned of lower earnings next year after reporting a fall in quarterly profits, hurt by trade tensions as well as poor weather in the U.S. farm belt that has slowed equipment purchases by farmers. In response to an "uncertain" business environment, the company announced a voluntary separation program for its salary employees, which is estimated to cost it about $140 million next year, but is projected to contribute to annual savings of $150 million. The world's largest farm equipment maker said it was also reviewing its overseas footprint and would focus on growing its more profitable parts and services business....
The Canadian dollar is calm on Wendesday. The currency yawned as U.S. GDP showed a 2.1%, which was better than expected. Canada will release September GDP on Friday, so we could see some volatility from USD/CAD before the weekend. EUR/GBP has sustained losses, on fears of a trade war between the U.S. and the EU....
Thanksgiving travelers across the midwest section of the U.S. are facing bleak travel conditions as a winter storm ploughs through the country. Yahoo Finance's Julie Hyman, Adam Shapiro and AccuWeather Broadcaster Justin Povick discuss....
Ken Griffin built his impressive reputation as an investor early in life, founding Citadel Advisors when he was just 22, with $4.6 million in seed money. By 2003, when became the youngest self-made millionaire on the Forbes 400 list, his hedge fund controlled well over $1 billion in investment capital. Today, Griffin’s Chicago-based fund holds $212 billion in equity assets under management.In the third-quarter, Citadel made 9-digit purchases in three particularly interesting stocks. All three are rated Strong Buys in the TipRanks database, and all three show unique combinations of strengths and weaknesses. We’ve pulled up the data on each, to find out what drew them to Griffin’s attention.Baker Hughes Company (BKR)America’s oil and gas industry has generated a slew of headlines and rightly so, for the increased oil and gas drilling – across the continent – pushed the US into the top spot among global oil producers six years ago....
NATO on Wednesday awarded Boeing Co a $1 billion contract to upgrade its fleet of AWACS reconnaissance planes, a deal officials said showed the strength of transatlantic cooperation days before an alliance summit in London. First flown in 1982 and repeatedly modernised, the Boeing-made planes, which can detect hostile aircraft, missiles, ships and other weaponry far beyond NATO borders, will be overhauled with more powerful computer processors, servers and equipment. AWACS have been flown in support of the international coalition against Islamic State, gazing deep into Syria from Turkey, as well as along NATO's eastern flank following Russia's 2014 annexation of Crimea from Ukraine....
SBI Cards and Payment Services Ltd, the credit card subsidiary of State Bank of India (SBI) , India's largest lender, filed plans for an initial public offering (IPO) with the markets regulator and stock exchanges on Wednesday. The company plans to issue new shares worth 5 billion rupees and will offer up to 130.5 million shares for sale, according to the draft prospectus published by the lead managers of the deal. The prospectus does not disclose the size of the IPO which is estimated to be between 80 billion rupees ($1.1 billion) and 90 billion rupees ($1.2 billion), according to local media reports, which would make it one of the biggest ever in India....
