Aluminum giant, Alcoa Inc. (NYSE: AA) was downgraded by J P Morgan Chase on Wednesday. Citing concerns over fall in the metal prices, the investment bank also slashed Alcoa’s earnings outlook. Shares fell 1.15%...
The euro edged lower against the U.S. dollar on Wednesday as news of resignation of several cabinet ministers from the Portuguese government, fanned fears over possible reemergence of the debt crises in the troubled...
Wine and spirit maker, Constellation Brands Inc. (NYSE: STZ) announced on Tuesday that its fiscal first-quarter profit fell 27% as expenses linked to restructuring outweighed improvement in the revenue and higher number of shipments....
Oil and natural gas firm, Linn Energy LLC (NASDAQ: LINE) said on Tuesday that the NYSE: BRY) and its accounting. Linn Energy, which went public in October, agreed to acquire Berry Petroleum Company in...
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Rare-earth metal mining company MolyCorp Inc. (NYSE: MCP) said on Thursday that Securities and Exchange Commission (SEC) finished its investigation concerning an issue related to its public disclosure, adding that no enforcement action was...
Sports shoes and athletic accessories maker, Nike Inc. (NYSE: NKE) said on Thursday that fiscal fourth quarter profit climbed 22%, aided by wider gross margin, improved revenue and lower income tax expenses. Both earnings...
The U.S. dollar rose sharply against the yen but fell against the euro as investors took new positions on the last day of the month and second quarter of the year. However, the dollar...
Continuing with its aggressive strategy of acquiring marketing related software companies, Adobe Systems Inc. (NASDAQ: ADBE) announced on Thursday that it has agreed to acquire Paris based Neolane in deal estimated at $600 million....