Business

HSBC announces $2 billion share buyback for second half 2017

HSBC announces $2 billion share buyback for second half 2017

For the first half, HSBC's net profit was $7.0 billion, up 10% from $6.36 billion a year earlier. The Asia-focused giant has been on a recovery drive over the past two years to streamline the business and slash costs, and has laid off tens of thousands of staff.


How Did Investors React to Fiat Chrysler's 2Q17 Earnings?

How Did Investors React to Fiat Chrysler's 2Q17 Earnings?

The value of the investment in FCAU went from $18,863,000 to $16,529,000 decreasing 12.4% since the last quarter. FormulaFolio Investments LLC purchased a new stake in Fiat Chrysler Automobiles N.V. Bank of New York Mellon Corp now owns 2,843,922 shares of the company's stock worth $31,084,000 after buying an additional 159,067 shares during the period.


Central Bank of India Q1 net loss at Rs 576.76 crore

Central Bank of India Q1 net loss at Rs 576.76 crore

So far this year, the company has invested Rs. 16,000 crore in equities. GIC Re and New India Assurance are in the process of listing on the stock exchanges. There is no restriction from regulator or government". The bank said it needs to set aside Rs 961 crore as provisions for accounts listed by the Reserve Bank of India (RBI) for resolution under the Insolvency and Bankruptcy Code (IBC).


Candriam Luxembourg SCA Raises Stake in Verizon Communications Inc. (VZ)

Candriam Luxembourg SCA Raises Stake in Verizon Communications Inc. (VZ)

Verizon also highlighted its completed Yahoo acquisition, which will help the carrier scale our media business, as well as its winning bid for Straight Path Communications for $3.1 billion, which Verizon expects to close during Q1 2018. Verizon Communications Inc . (NYSE:VZ) had its price target decreased by research analysts at Barclays PLC from $49.00 to $47.00 in a research report issued on Friday, July 14th, Marketbeat reports.


700 ground crew workers on strike at Pearson airport

700 ground crew workers on strike at Pearson airport

The unionized workers are employed by Swissport, a company that services 30 airlines at the airport including Transat and Sunwing, and large global airlines such as Cathay Pacific, KLM, Lufthansa, Air France, British Airways, Alitalia and El Al.