New year may mean new view on energy stocks

Last year was an ugly one for the U.S. energy sector, and while the first trading day of 2015 pointed to continued weakness in oil, investors are starting to look to when the sector might start to recover.


Chinese game maker Perfect World gets go-private bid from founder

Chinese online game developer Perfect World Co Ltd (PWRD.O) said it received a go-private proposal from founder and Chairman Michael Yufeng Chi at $20 per ADS, valuing the company at nearly $1 billion.

Banco do Brasil gets central bank approval for Cielo venture

Banco do Brasil SA (BBAS3.SA), the nation's largest bank by assets, said on Friday it received approval from the central bank for a joint venture with card payment processor Cielo SA (CIEL3.SA), but it will not be able to book accounting gains from the deal.

Quindell seeks to dispose of operating division

British technology and outsourcing company Quindell Plc said it had entered into exclusivity arrangements with a third party for possible disposal of an operating division to improve its working capital profile.


Latest News

Yahoo Inc and Microsoft Corp search engines temporarily went dark on Friday after Microsoft pushed out a bad code update and then struggled to roll it back, a person briefed on the outages told Reuters.
A federal judge rejected Uber Technologies Inc's bid that it not be required to disclose emails from Chief Executive Travis Kalanick in a California lawsuit accusing the popular ride-booking service of deceiving customers about how it shares tips with drivers.
France's floundering economy pushed car sales 6.8 percent lower year-on-year in December, while Spanish sales jumped by 21.4 percent, helped by a subsidy scheme, and also rose in Italy, according to auto industry associations.
A top Federal Reserve official said on Friday she could see the U.S. central bank raising interest rates in the first half of the year, earlier than some expect, given that the economy is on a "very firm footing."
Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years.
Brent crude LCOc1 reversed early gains to trade near $57 a barrel on Friday, as the glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery.
The euro took another downward lurch on Friday, sinking to a 4-1/2 year low against the dollar on clear indications that the European Central Bank will soon embark on outright money-printing.
Euro zone politicians are not obliged to rescue Greece as the country is no longer of systemic importance to the single currency bloc, a senior member of German Chancellor Angela Merkel's party was quoted as saying.
The Arizona Coyotes have a new majority owner after Philadelphia hedge fund manager Andrew Barroway received approval to buy a 51 percent stake in the National Hockey League franchise.
U.S. drug approvals in 2014 hit their highest level in 18 years and recommendations in Europe also came at a rapid rate, driven by expensive new treatments for cancer and rare diseases.