Alcoa Inc. reported better-than-expected performance this season. Alcoa Inc. , the largest aluminum producer in the US, reported earnings that surpassed financial analysts' estimates after its unit that provides essential components to power and aerospace companies had a better-than-expected performance.
Industry
NSW State Aims To Sell Heritage Buildings
The NSW state government expressed their intent to sell heritage building in Sydney New South Wales state government expressed their intent to sell two of Sydney's most significant heritage buildings as it enters the second round of property sales.
Raytheon Wins New Electronic Jammer Contract
Raytheon announced that they were awarded with the deal to make the new electronic jammer for the US Navy.
Tesla to transfer from NYSE to NASDAQ by Next Week
Tesla Motors is set to transfer from the NYSE to the NASDAQ while Oracle Corp. does the opposite. The best-performing car manufacturing stock this year, Tesla Motors Inc.
Bidders In A Race To Buy Hulu
Three bidders in a race to purchase Hulu Hulu attracted three bids worth over US$1 billion from interested companies. The bidders include the partnership of AT&T and Cherin Group.
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Leading cloud computing solutions acquires company known for identity and access management. EMC Corp. announced the acquisition of Aveksa Inc. , one of the leading companies in identity and access management (IAM) for businesses.
The oil and gas company released convertible notes worth US $1.905 million to fund project in South Australia.
LVMH takes over majority of Loro Piana for US $2.57 billion LVMH Moet Hennessy Louis Vuitton agreed to buy 80% of Loro Piana SpA, one of the premier textile producers in Italy, for US $2.
The company, more popularly known for its sewing machines, aims to rake in as much as US$200M from IPO.
Osram Licht AG's shares dropped by 2.4% and settles at Eur 23.65 on Monday Osram Licht AG, a German lighting and specialty lighting manufacturer second only to Philips, saw a drop in its shares by 2.
In a conference held today, the IEA said that they need US$300 billion to finance the Power Africa project.
In a recent study, the United Kingdom leads the merger and acquisitions investments in Africa. Companies from the United Kingdom have made the most investments in mergers and acquisitions in the African continent within the last 10 years, according to a study made by Freshfields Bruckhaus Deringer.
Japanese company Olympus offers its stock, both new and existing, to overseas markets to raise funds for research and debt payment.
Due to a newly created rule, alternative investment market trusts can now be captured in investment savings accounts.
