Ford Stock Has Biggest Daily Drop Since 2011 After Inflation Warnings
Shares of Ford Motor Co tumbled more than 12% on Tuesday, its biggest one-day drop in more than a decade after the automaker said inflation-related...
Category : Latest News
Renewable Energy Development Agency Issues Term Bonds to Raise Rs 400 Crore
Three commercial bankers said India’s Renewable Energy Development Agency (IREDA) plans to raise at least Rs 400 crore ($50 million) through the sale of bonds...
Triveni Turbine Shares Up 5% After Block Deal at 21.8% Stake
Shares of Triveni Turbine Ltd opened higher on Wednesday after multiple block trades involving 70.5 million shares changing hands. Details of buyers and sellers are...
Ford Shares Drop 10% on Warning of Higher Inflation-related Supply Costs
On Tuesday, shares of Ford Motor (NYSE:F) Co dropped 10 per cent after the automaker flagged a bigger-than-expected USD 1 billion hit from inflation and...
Crude Oil Weakens; Demand Concerns Increase as Building Permits Fall
On Tuesday, oil prices weakened, as evidenced by a weakening US housing market. However, movements are limited before the start of the latest US Federal...
Citigroup Sets New Diversity Goals for Workforce
On Tuesday, Citigroup Inc (NYSE:C) introduced new diversity goals for gender, race and sexual orientation in its workforce for 2025. The company aims to boost...
Microsoft Hikes Dividend 10%, Topping Inflation Rate
On Tuesday morning, Microsoft (NASDAQ:MSFT) announced 10 per cent dividend hike. While the dividend yield is only 1.1 per cent, the 10 per cent hike...
Walgreens to Purchase the Remaining Stake in Shields Health for $1.37 Billion
On Tuesday, Walgreens Boots Alliance declared it would buy the remaining stake in speciality pharmacy company Shields Health Solutions for USD 1.37 billion. Founded in...
Canadian Inflation Rate Slows to 7.0%
On Tuesday, Statistics Canada data showed that Canada’s annual inflation rate eased in August, and the index dropped on a month-over-month basis for the first...
Nordstrom Adopts ‘Poison Pill’ Days After Liverpool Buys Stake
On Tuesday, Nordstrom Inc reported adopting a ‘poison pill’ to prevent investors from amassing 10 per cent or more of its shares. The company said...