Goldman Sachs Group Inc is facing tough time in selling $2.8 billion of debt in the wake of ongoing drug pricing controversy in the pharmaceutical industry.
United States
Square Files for IPO despite of $77.6 million loss
A San Francisco-based payment startup, Square Inc. had filed to go public on Wednesday and according to its regulatory filing, the company will offer around $275 million in stock. The company which is run by Twitter Inc. co-founder, Jack Dorsey is currently valued at a total $6 billion in valuation.
Anheuser-Busch InBev's takeover of SABMiller to realign global beer industry
Anheuser-Busch InBev's plan to acquire SABMiller Plc is expected to change the business dynamics in the global beer industry. Anheuser-Busch InBev is a multinational beverage and brewing company's takeover is considered to be the largest one this year and fourth largest takeover in the corporate history. Anheuser-Busch InBev is acquiring SABMiller for $104.2 billion.
Wal-Mart shares tumble as profit forecast to drop
Wal-Mart's stock tumbled on the Wall Street following the forecast of earnings drop in the range of 6-12 percent hammered down the market sentiment. Wal-Mart shares fell 10.04 percent or $6.70 to $60.03 indicating biggest fall in a day during the past three decades. The stock was already trading 22 percent lower before the latest drop. Gearing up to compete with Amazon, Wal-Mart Stores Inc hiked investment in internet technology and raised wages. The earnings are expected to be flat for the current fiscal year and one or two percent lower than the previous forecast. The third quarter results from Wal-Mart are scheduled on 17 November.
Netflix blames 'involuntary churns' for dive in profits
Netflix reported a lower than expected performance today after the company reported a total revenue of $1.74 billion for its third quarter performance. The revenue contributes to earnings of $0.07 per share, which is lower than analyst expectation of $0.08 per share.
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Citigroup announced that the company will cut down on block trading businesses as one of the bank's strategy to protect the firm from any losses, especially with current market uncertainty. The bank also plans to avoid its client from big losses as the trading could give a high return but at the same time, the client could risk losing more than they invested when the market turns south.
Facebook may soon be your go-to app for shopping. The company disclosed Monday that it was testing new features that would enable users to buy products, without having to leave the app.
A former Merck and Co Inc financial analyst was sentenced to three years and a month in prison for insider trading charge by the US Attorney of New York.
Dell's latest acquisition deal to buyout EMC for $67billion is the biggest merger and acquisition (M&A) deal for the US technology sector in 2015 so far. About $1.68trillion worth M&A deals in the US have been announced year-to-date (YTD). The M&As in 2015 with less than three months left is just short of $1.73trillion, the full-year record level for M&As 15 years ago.
Barclays Plc, UK's third largest bank, is expected to announce Jes Staley, former JPMorgan Chase banker, as its new Chief Executive Officer (CEO). Staley is believed to have accepted the offer from Barclays, according to the unconfirmed market news. The appointment is expected to be announced within two weeks. Even after the confirmation of the offer, Staley will have to get approval from Britain's financial regulator. Barclay's investment banking activity has been under pressure for some time. Choosing Staley could result in renewed focus on the investment banking.
Global soft drink major PepsiCo Inc is testing waters in mobile devices market. The US-based food and beverage company is in the process of launching Pepsi branded smartphones in the Chinese market shortly. However, Pepsi doesn't make mobile phones but acts as a licensing partner to market mobile phones under Pepsi brand.
Microsoft announces that the company will start its US tour for the HoloLens starting this October. The HoloLens which was first introduced to the audience back in January this year saw users will have the ability to incorporate hologram with the real world unlike the virtual reality program.
The Italian luxury sports car maker, Ferrari will debut on Wall Street soon and it is expected to create a buzz for its IPO. However, investors are concerned with the long-term return from the company as the company is known for its product capped and high research cost.
How would you like your pair of sneakers made? Sure you can now have your trainers tailored according to color or design of your choice. But have you ever thought of having your shoes printed, either in store or at home?
