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United Technologies (UTX) Stock Falls on Bernstein Downgrade, Jim Cramer's View
2016-01-08 21:03:18| Paper - Topix.net
United Technologies lacks both downside risks and upside catalysts for the next six to 12 months, Bernstein said in a note, Barron's reports. Bernstein had upgraded the stock to "outperform" in late 2014 because the firm expected a recent management change to improve performance beginning in 2016, the firm wrote.
Tags: view
united
stock
technologies
Samsung Q4 profit falls short of expectations
2016-01-08 08:56:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics said its fourth-quarter operating profit rose by 15 percent year-on-year, less than market estimates. In a preliminary report, the company said operating profit rose to KRW 6.1 trillion from KRW 5.29 trillion a year earlier, and quarterly revenues were up 0.5 percent year-on-year to KRW 53 trillion. Full results for the quarter will be released at the end of January. Samsung earlier forecast a difficult year ahead for the electronics giant, due to increasing competition in smartphones and semiconductors and the weak global economy. Especially in emerging markets the company sees financial risks, said CEO Kwon Oh-hyun in a New Year message to employees, media reported.
Tags: short
samsung
falls
profit
Laura Ashley Australia arm falls into administration
2016-01-07 15:42:00| Daily apparel & textile news and comment - from just-style.com
The Australian arm of women's fashion and home furnishings retailer Laura Ashley, which has operated in Australia and New Zealand under licence from its UK parent since 1971, has gone into administration.
Tags: australia
administration
falls
arm
Wall Street sees renewed big falls
2016-01-06 16:04:11| BBC News | Business | UK Edition
Wall Street shares open sharply lower on Wednesday as fears persist over the health of the Chinese economy, with all three main indexes dropping more than 1%.
Oil price falls to fresh 11-year low
2016-01-06 13:39:04| BBC News | Business | UK Edition
Oil continues its rollercoaster ride into 2016, with Brent crude falling below $35 a barrel for the first time in 11 years.
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