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Hedge fund Orange Capital shutting down
Orange Capital will be shutting down its hedge fund and returning approximately US$1 billion to shareholders, BNN has confirmed. The story was originally reported by the Wall Street Journal.
Posted on 2-03-2016 at 11:30 AM
U.S. companies cutting costs on fears of economic downturn
The capital spending slump that originated in the hard-hit energy sector appears to be spreading more widely across other U.S. industries.
Posted on 2-02-2016 at 1:11 PM
Pfizer 2016 forecasts disappoint; shares fall
U.S. drugmaker Pfizer Inc on Tuesday forecast 2016 revenue and earnings below analysts' estimates, largely because of the strong dollar.
Posted on 2-02-2016 at 10:58 AM
MasterCard profit rises 11.1% as purchase volumes jump
MasterCard Inc, the operator of the world's second-largest payments network, reported an 11.1 percent rise in quarterly profit as purchase volumes increased.
Posted on 1-29-2016 at 9:45 AM
Fed keeps interest rates steady, closely watching global markets
The Federal Reserve kept rates unchanged and said it was "closely monitoring" global economic and financial developments, but maintained an otherwise upbeat view of the U.S. economy.
Posted on 1-27-2016 at 8:42 AM
Valeant's CEO Pearson says timing of return uncertain
Valeant Pharmaceuticals International Inc's ailing chief executive, Michael Pearson, said he was on the road to recovery but was uncertain about when he would return from medical leave.
Posted on 1-25-2016 at 8:34 AM
U.S. stocks set for a comeback, or another blow?
The deep selling that has been synonymous with Wall Street in the new year became bad enough on Wednesday to start drawing in buyers, but it is still too soon to tell whether they will look brilliant or battered in the weeks ahead.
Posted on 1-21-2016 at 9:11 AM
U.S.-based Waste Connections to buy Canada’s Progressive Waste for US$2.67-billion
U.S.-based Waste Connections Inc is buying Canada’s Progressive Waste Solutions Ltd for about US$2.67-billion in a deal that will make the combination the third-biggest waste management services provider in North America.
Posted on 1-19-2016 at 10:55 AM

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