Archive for the ‘Stock Market’ Category

Payroll-processing company ADP says private sector job creation slowing

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The latest report on private company hiring shows a disappointing 119,000 jobs created in April, according to payroll processor ADP. ADP’s report comes ahead of the official government numbers for April due out on Friday Stock prices fell in midday trading on Wednesday [...]

Nigeria to adopt NASDAQ X-Stream

Diane Alter – AHN News Reporter Lagos, Nigeria (AHN) – In an effort to buoy investors’ confidence, the Nigeria Stock Exchange is inking a deal to adopt the NASDAQ trading platform. The deal allowing the Nigeria Stock Exchange (NSE) to implement the NASDAQ X-Stream platform was signed Tuesday. The NSE says it hopes to go [...]

Citigroup shareholders vote down $15 million raise for CEO

Linda Young – AHN News Writer New York, NY, United States (AHN) – Citigroup stockholders voted down a pay increase for the top executive. Under the Dodd-Frank bank reform law, shareholders now have a say in executive pay packages beyond merely selling their shares. This gives a way for shareholders to say that CEOs are [...]

Consumer Reports rates best, worst supermarkets

Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – Supermarkets–love ‘em or hate ‘em, we all gotta use them. Consumer Reports magazine’s latest report just might make your next grocery trip a bit more enjoyable. The consumer watchdog site recently released rankings of the best and worst supermarkets across the country. It [...]

James Murdoch steps down as head of BSkyB

Linda Young – AHN News Writer London, United Kingdom (AHN) – James Murdoch resigned as chair of BSkyB on Tuesday in an attempt to still continuing reverberations from a phone-hacking scandal. The son of media magnate Rupert Murdoch has been affected by allegations of illegal phone hacking by News Corp.’s British Sunday tabloid The News [...]

Philippine oil refiner acquires ExxonMobil units in Malaysia for $577 million

Windsor Genova – AHN News News Writer Manila, Philippines (AHN) – Philippine oil refiner Petron Corp. announced Monday that its oil and gas exploration unit in Malaysia has completed the $ 577.3 million acquisition of three ExxonMobil firms in the southeast Asian neighbor. The company’s disclosure to the Philippine Stock Exchange indicated that Petron Oil [...]

Whole Foods to stop selling unsustainable seafood

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Whole Foods Markets announced Friday it will stop selling fish caught from depleted waters or through ecologically damaging methods, a move that comes as supermarkets across the U.S. try to make their seafood selections more sustainable. Beginning on April 22, Earth Day, [...]

Algeria: Ripe for rebellion, but wary too

The Media Line Staff Algiers, Algeria David Rosenberg / The Med – Tunisia and Libya – respectively, the cradle of the Arab Spring and the site of its worst carnage – are right next door. At home, unemployment is high, opportunities for advancement are small, and political and economic change is progressing slowly. Islamists have [...]

Palestine Exchange to list its own shares

The Media Line Staff Palestinian Territory David Rosenberg / The Med – The Palestine Exchange (PEX), which makes a market for shares in 46 local companies with a combined market capitalization of $ 2.9 billion, is on its way to becoming a publicly traded stock itself. Shares in the PEX will begin trading on the [...]

‘Glitches’ cloud BATS Global Market Friday debut

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Things got a little “batty” for the initial public offering of BATS Global Markets Inc. on Friday. In its debut as a public company, just as its own stock began to start trading a system glitch caused erroneous price quotes, and shares [...]