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Lower fuel cost excise duty relief propel car sales in Nov
2014-12-09 14:36:49| Auto Dealers - Topix.net
After declining for two months in a row, car sales in India rose by 9.5 per cent in November, propelled by lower fuel prices and continued relief in excise duty. Domestic car sales in November stood at 1,56,445 units, up 9.52 per cent, as compared to 1,42,849 units in the same month of 2013, according to the data released by Society of Indian Automobile Manufacturers .
Tesco drags London shares lower
2014-12-09 10:30:49| BBC News | Business | UK Edition
The London market falls more than 1% in early trade, dragged down by a plunge in Tesco shares.
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Energy stocks lead market lower
2014-12-08 21:53:56| Oil & Gas - Topix.net
U.S. stocks fell in afternoon trading on Monday as a drop in crude oil prices to a five-year low hammered energy stocks. Weak Chinese trade figures and news that Japan's recession is deeper than initially thought also weighed on markets.
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Energy stocks lead market lower
2014-12-08 21:28:25| Energy - Topix.net
U.S. stocks fell in afternoon trading on Monday as a drop in crude oil prices to a five-year low hammered energy stocks. Weak Chinese trade figures and news that Japan's recession is deeper than initially thought also weighed on markets.
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One Reason United States Steel (X) Stock Is Lower Today
2014-12-08 21:17:09| Steel - Topix.net
"The last time oil prices were at the levels seen in today's trading session, U.S. Steel's tubular business saw a contraction in overall rig counts and began generating negative operating margins ," Johnson said, according to Barron's . "While we are modeling U.S. Steel's Tubular operating margins at just under 10% in 2015, if we assume these margins go to zero, after-tax this represents about 80 cents per share in EPS downside.
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