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Gerdau SA Sees Large Decrease in Short Interest
2014-10-22 13:03:42| Steel - Topix.net
Gerdau SA was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 13,339,971 shares, a drop of 26.6% from the September 15th total of 18,176,091 shares, American Banking and Market News reports.
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VIDEO: Diwali sees Asia retail sales spike
2014-10-22 05:55:31| BBC News | Business | UK Edition
The Hindu festival of Diwali has a big impact on the economies of India and other Asian countries. Sharanjit Leyl reports from Singapore.
UPDATE 1-Daimler sees $780 million windfall from sale of Tesla stake
2014-10-22 03:13:11| Automakers - Topix.net
Daimler AG said on Tuesday it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc . The stake sale comes as a surprise, even though the Stuttgart-based maker of Mercedes-Benz cars insisted that a technological cooperation deal between the two carmakers remains unchanged.
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Daimler sees $780 million windfall from sale of Tesla stake
2014-10-22 00:39:14| Auto Dealers - Topix.net
Daimler AG on Tuesday said it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc. A cooperation agreement to supply Mercedes-Benz cars with Tesla battery technology will remain unaffected by the sale, Daimler CEO Dieter Zetsche said in a statement . The sale of Daimler's stake in Tesla will result in a cash inflow of around $780 million, boosting earnings before interest and taxes by a similar amount for 2014.
United Technologies Sees Large Volume Increase After Earnings Beat
2014-10-21 23:18:12| Industrial Machines - Topix.net
United Technologies saw strong trading volume on Tuesday following a better than expected earnings announcement, AnalystRatings.NET reports. 6,977,549 shares traded hands during trading, an increase of 21% from the previous session's volume of 5,765,140 shares.The stock last traded at $103.04 and had previously closed at $101.48.
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