Market News

17/04/2014 3:03 AM

Bits Blog: Candy Crush to Expand to China

(NY Times) A deal between King Digital Entertainment and the Internet giant Tencent will bring one of the most popular game franchises to China.
17/04/2014 2:37 AM

Court clears ex-Anglo bank boss

(BBC News) The former chairman of Anglo Irish bank has been found not guilty of illegally supporting the bank's share price, the jury continues to deliberate in the case against two others.
17/04/2014 2:16 AM

Starbucks to Move European Offices to London

(NY Times) Criticized as avoiding taxes, the coffee chain will now pay more to Britain as it shifts its regional headquarters from the Netherlands.
17/04/2014 12:47 AM

DealBook: Bank of America Swings to Quarterly Loss on Legal Costs

(NY Times) Bank of America reported a first-quarter loss of $276 million on Wednesday, as litigation costs increased to $6 billion in the quarter.
17/04/2014 12:44 AM

DealBook: Lacking Revival Plan, Bitcoin Exchange Mt. Gox Likely to Be Liquidated

(NY Times) In a statement, Mt. Gox said there were no prospects to restart its business and that it would most likely be liquidated.
17/04/2014 12:44 AM

DealBook: Lacking Revival Plan, Bitcoin Exchange Mt. Gox Likely to Be Liquidated

(NY Times) In a statement posted on its website, the Tokyo-based company said a local court had dismissed its request that it be allowed to try to rehabilitate its business.
17/04/2014 12:12 AM

DealBook: Credit Suisse Profit Falls 34% in First Quarter

(NY Times) The bank reported quarterly earnings of 859 million Swiss francs, or about $976 million, compared with profit of 1.3 billion francs in the year-earlier period.
16/04/2014 11:39 PM

DealBook: Metso Board Rejects Merger Approach by Scottish Rival

(NY Times) The Finnish engineering company, which provides services for the mining, construction and energy sectors, said its board decided a proposal by the Weir Group was not in the interest of shareholders.
16/04/2014 11:32 PM

DealBook: German Firm Sells Heat Exchanger Operations to Funds Advised by Triton

(NY Times) GEA Group said the deal valued the unit at about $1.8 billion and was part of its strategy to focus on supplying systems to the food industry.
16/04/2014 11:29 PM

Starbucks to move European HQ to UK

(BBC News) Starbucks is to move its European head office to London by the end of the year, meaning it will pay more tax in the UK, the company says.
16/04/2014 11:25 PM

DealBook: Citic Group Seeks $36.5 Billion in Hong Kong Listing

(NY Times) The cash-and-stock deal calls for Citic to sell almost all of its operating assets to its Hong Kong-listed unit, Citic Pacific.
16/04/2014 11:21 PM

Euro Zone Inflation Stuck in ‘Danger Zone,’ Keeping Pressure on Central Bank

(NY Times) A drop last month in inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene if prices don’t rebound.
16/04/2014 11:05 PM

VIDEO: End of cost of living squeeze?

(BBC News) Wage increases have finally risen above the rate of inflation, after four years of falling living standards.
16/04/2014 10:44 PM

Legal costs hit Bank of America

(BBC News) Bank of America reports a $276m first-quarter loss, after taking into account a $6bn charge for mortgage-related legal matters.
16/04/2014 10:43 PM

Bits Blog: Facebook Requires Users to Install Separate Messaging App

(NY Times) The company is removing messaging from its smartphone app, requiring users to install a separate app — a move Facebook says will improve user experience.

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