Tag Archives: billion
Reports: Dow Chemical Ordered To Pay $1.2 Billion In Price-fixing Case
MIDLAND (dpa-AFX) – A federal judge asked Dow Chemical Co. (DOW) to pay $1.2 billion in a price-fixing case of urethane, a chemical used to make foam products Continue reading
Student Debt Continues to Rocket: NY Fed
NEW YORK (TheStreet) — Student debt continues to climb, even as other forms of consumer debt decline, according to the latest quarterly report on household debt published by the New York Federal Reserve. Student loans grew by $20 billion during the first quarter to a total of $986 billion as of March 31, 2013. Continue reading
Wall Street ends near flat after recent gains; healthcare climbs
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. Continue reading
Adrian Cheng: updating a Hong Kong family empire for a changing China
By Farah Master HONG KONG (Reuters) – He has trained on Broadway and been a Wall Street banker. Now, Adrian Cheng, 33-year-old scion of the world's largest jewellery retailer and one of Asia's leading property developers is gearing up for his latest challenge – modernizing his family's $25 billion empire for what he calls a “new era”. … Continue reading
Wall Street ends near flat after recent highs; healthcare climbs
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks closed little changed on Monday, pausing after hitting record highs last week, but strength in healthcare issues helped to keep declines in check. The S&P 500 healthcare sector climbed 0.7 percent and was the day's best performer. Shares of Theravance jumped 17.9 percent to $41.20 after Irish drugmaker Elan agreed to a $1 billion deal to buy 21 percent of the royalties that Theravance receives from GlaxoSmithKline for its respiratory drugs Continue reading
Qatar postpones listing of $12 bln investment company
(Adds original IPO date and background) DUBAI, May 12 (Reuters) – A planned stock market listing forDoha Global Investment Co, a $12 billion Qatari investmentcompany backed by assets from the Gulf state’s sovereign wealthfund, has been postponed, a senior bourse official said onSunday. Qatar unveiled plans to create the investment company inFebruary and said that sovereign fund Qatar Holding will transfer $3 billion of assets into the Doha Global, with asimilar amount raised in an initial public offering (IPO) on theQatar Exchange. … Continue reading
Pimco’s Gross: ‘Gut feeling’ that bond bull run is done
By Jennifer Ablan and Dan Burns NEW YORK (Reuters) – Circle the date, market mavens: April 29, 2013. Continue reading
Metropolitan Bank & Trust 1Q Net Profit More Than Doubles to PHP11.4 Billion
Metropolitan Bank & Trust Co. (MBT.PH) said Thursday that net profit in the first quarter more than doubled from a year earlier due to improved interest margins, higher treasury income and gains from selling a stake in car assembler Toyota Motors Philippines Corp Continue reading
Iowa’s biggest economic project ever: $1.9b wind turbine plan
Iowa’s largest energy company announced plans Wednesday to spend $1.9 billion to install hundreds of wind turbines by the end of 2015, marking what the governor described as the largest economic development project in the state’s history.Officials with Des Moines-based MidAmerican Energy made the announcement at a Statehouse news conference with Gov. Continue reading
Disney’s profit rises on parks, ‘Oz’ movie
By Lisa Richwine LOS ANGELES (Reuters) – Media giant Walt Disney Co reported a 32 percent increase in profit that beat Wall Street expectations, boosted by higher spending and attendance at U.S. Continue reading
