Financial News

Duke Energy Closes Sale of International Business in Brazil

Duke Energy said it has completed the sale of its international business in Brazil to China Three Gorges Corp for approximately $1.2 billion. The company is exiting the Latin American market to focus on its domestic regulated business, which was further bolstered by the acquisition of Piedmont Natural Gas. DukeRead More

New York Times Exceeds 100 Mln Views on Facebook Live

New York Times Company said late Wednesday that earlier in December, the newspaper passed 100 million views of its live interactive journalism on Facebook (FB) Live. “Since April, The Times’ livestreams have reached people more than 700 million times,” The New York Times said. “More than 300 Times journalists haveRead More

Crude Prices Gain Solidly In Asia Ahead Of Production Cuts

Crude prices rose solidly in Asia on Wednesday and into Europe as the first output cut deal agreed between OPEC and non-OPEC members in 15 years slated to start in the New Year is expected to see good compliance. Traders are also watching figures from the American Petroleum Institute onRead More

Consumer Discretionary Stocks Outpace Staples

Consumer stocks still were mostly on positive ground this afternoon, with shares of consumer staples companies in the S&P 500 gaining about 0.1%, reversing an earlier decline, while shares of consumer discretionary firms in the S&P 500 increased nearly 0.4%. In company news, Toyota Motor Corp (TM) declined Tuesday afterRead More

Ericsson to Expand Cisco Partnership in 2017

Ericsson is expanding its partnership with Cisco in 2017 by serving new corporate clients and the public sector, Reuters reported, citing the company’s North America chief Rima Qureshi. Qureshi said the companies are on track to achieve an extra $1 billion each in revenues by 2018 through a partnership theyRead More

Chicago Fed’s National Activity Index Contracts For Fourth Consecutive Month

A key gauge of overall economic activity in the US fell to a four-month low in November as declines in production and income indicators weighed. The Federal Reserve Bank of Chicago’s closely-watched Chicago Fed National Activity Index fell to -0.27 last month from a reading of -0.05 in October. November’sRead More