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Harley-Davidson Shares Drop 8% as Sales Forecast Slashed

  •  Published by Pete Nisbet on   July 19, 2017  


Harley-Davidson shares dropped around 8% in New York when it forecast considerably fewer sales this year than last. 2016 sales totaled 262,221 motorbikes. 2017 sales have been forecast at between 241,000 and 246,000. This is an indication of how demand for Harleys has been slowing over recent years. [...]

Worldpay Shares Rocket After Vantiv and JP Morgan Takeover Rumors

  •  Published by Pete Nisbet on   July 5, 2017  


Worldpay shares have jumped significantly after the payments processing firm announced a potential takeover bid. Shares in Worldpay increased almost 28% after the company stated that preliminary approaches had been made from Vantiv and JPMorgan, two major players in the US payment systems industry. [...]

ZhongAn IPO Filed in Hong Kong: IPO Values Firm at $1.5 Billion

  •  Published by Pete Nisbet on   July 1, 2017  


ZhongAn IPO: ZhongAn Online Property and Casualty Insurance Co Ltd had filed in Hong Kong for an initial public offering. The offering is valued at up to $1.5 billion. The company is the first insurance firm in China to operate only on the internet.   According to the Thomson Reuters publ [...]

Steel Import Tariffs and Other Tariffs on the Cards According to Trump

  •  Published by Pete Nisbet on   July 1, 2017  


Steel import tariffs are likely to be imposed if Donald Trump gets his way. He is apparently ‘hell-bent’ on imposing import tariffs on steel and other imports into the US. These have been reported to be in the region of 20% or more.   The tariffs have been promoted by Commerce Secreta [...]

Takata Bankruptcy: Issue Caused by Defective Airbags’ Faulty Inflators

  •  Published by Pete Nisbet on   June 27, 2017  


The Takata bankruptcy is due to defective airbags. Takata, the Japanese parts manufacturer, has filed for bankruptcy protection in Japan and the US. Defective airbags manufactured by Takata have been found to be defective, and their failure has led to at least 17 deaths worldwide. [...]

Toshiba Losses Increasing: Will Bain Capital Bale It Out?

  •  Published by Pete Nisbet on   June 24, 2017  


Toshiba losses are increasing.  The electronics company has announced that 2016 losses will be more than it had forecast. Losses are now expected to reach 995 billion yen ($8.94 billion) for the year to March. Toshiba’s original estimate for losses had been 950 yen. [...]

American Airlines and Qatar Airways Discussing Shares Sale

  •  Published by Pete Nisbet on   June 23, 2017  


American Airlines and Qatar Airways are in discussion over an unsolicited approach for American Airlines shares. The company stated that it has received an approach from Qatar Airways. The latter wants to acquire at least 10% of the American firm’s shares. This corresponds to $808 million (£638 m [...]

MSCI Index: MSCI Emerging Markets Index to Include Mainland China

  •  Published by Pete Nisbet on   June 21, 2017  


The MSCI Index is finally including China. It has been announced that MSCI, the US stock index provider, is to include China’s mainland domestic shares in the MSCI Emerging Markets Index. This is the first time that mainland China domestic shares ha [...]

Amazon Whole Foods Purchase Stirs up Grocery Sector

  •  Published by Pete Nisbet on   June 17, 2017  


The recently announced Amazon Whole Foods purchase has created a big stir in the US grocery sector.  Amazon has taken its first major step into food retail. It has had an eye on retailing groceries for some time and has finally taken the plunge by buying Whole Foods Market.  Amazon will pay $42 pe [...]

Tech Stocks Crash Sending Nasdaq to Worst Week This Year

  •  Published by Pete Nisbet on   June 11, 2017  


Tech stocks crash:  Shares of the big technology giants took a big dive Friday. This resulted in Nasdaq experiencing its worst week of 2017. The ‘Big Five’ of Alphabet, Amazon, Apple, Facebook and Microsoft lost over $97.5 billion between them between in the 24 hours from closing Thursday. [...]