Nri Communication

News Topics
Property Education
Personal Finance
New News
Personal Technology
STock Market
Portal and SEO
bussiness economy
Latest News
STock Market 

  • Fiat Chrysler's Marchionne got 83 percent pay hike in 2014

    Chief Executive of Fiat Chrysler Sergio Marchionne speaks during the first press preview day of the North American International Auto Show in DetroitFiat Chrysler Automobiles Chief Executive Sergio Marchionne received 6.6 million euros (4.76 million pounds) in pay and incentives last year, up 83 percent from 2013. Marchionne received a salary of 2.5 million euros, incentives of 4 million euros plus other compensation to bring his total pay package to about 6.6 million euros, FCA said in a filing with U.S. regulators. He is credited with engineering the combining of former Italy-based Fiat and U.S.-based Chrysler into a single company last year, and moving the primary listing of the merged FCA to Wall Street in October.


  • Wall Street falls after payrolls; Apple to join Dow

    Traders work on the floor of the New York Stock ExchangeThe unemployment rate ticked down to 5.5 percent from 5.7 percent in January. "If we do see start to see some signs of firming in the inflation numbers in particular, then we would have greater confidence around that." In a shakeup on the Dow Jones Industrial Average, Apple Inc, the nation's largest company by market value, will join the index later this month, replacing AT&T Inc. Apple shares rose 1.4 percent to $128.13, while AT&T shed 1.6 percent to $33.47. "This brings the Dow into reality and the twenty-first century," said Richard Sichel, chief investment officer AT Philadelphia Trust Co in Philadelphia. "It will make the Dow a more interesting index to watch, but also more volatile since it is replacing a nice, steady old name with an interesting and exciting tech and retail company." The Dow Jones industrial average fell 159.91 points, or 0.88 percent, to 17,975.81, the S&P 500 lost 16.24 points, or 0.77 percent, to 2,084.8 and the Nasdaq Composite dropped 25.12 points, or 0.5 percent, to 4,957.69.


  • Purplebricks Eyes Latest UK Tech Flotation

    Purplebricks Eyes Latest UK Tech FlotationOne of the UK's fastest-growing online estate agents is drawing up plans for a stock market listing that would provide capital for an aggressive assault on established high street rivals. Sky News has learnt that Purplebricks, which counts the City's best-known fund manager among its shareholders, has been talking to investment banks in recent weeks about working on a flotation. The business is among a new breed of digitally-led estate agents which are attempting to bring a similar level of customer experience to industries such as holiday bookings and grocery shopping, which have been revolutionised by online competitors. Purplebricks was set up less than a year ago, and now has backing from Neil Woodford, the former Invesco Perpetual fund manager, who set up his own asset management venture last year.


  • Hiring burst sends bond prices lower, dollar higher
    NEW YORK (AP) — News of a burst of hiring last month sent bond prices lower and the dollar higher in early trading in the U.S., while the stock market opened lower.More

  • S&P downgrades Areva debt further into junk status

    The Areva Tower, headquarters of French nuclear reactor maker Areva, is seen at La Defense business district in Courbevoie near ParisBy Geert De Clercq PARIS (Reuters) - Standard & Poor's cut the credit rating of Areva two notches deeper into non-investment grade status after the French nuclear group posted a record 2014 loss. The rating agency cut Areva's long-term debt to BB- from BB+ with a developing outlook, which means it could upgrade if Areva bolsters its balance sheet or downgrade further by 2016. S&P downgraded Areva one notch into junk status in November after the firm had issued a profit warning. On Thursday evening, Areva was also removed from France's SBF 120 index .


  • Apple Pay stung in transactions using data stolen from retailers: WSJ

    Customers enter the Fifth Avenue Apple store shortly after doors opened for iPhone 6 sales in Manhattan, New York(Reuters) - Apple Inc's mobile payment system Apple Pay has been hit by a wave of fraudulent transactions using stolen credit-card data from a spate of breaches at retailers, the Wall Street Journal reported, citing people familiar with the matter. The transactions stemmed from breaches at retail giants including Home Depot Inc and Target Corp , the Journal reported on Thursday. The majority of unauthorized purchases have been for big-ticket items bought with smartphones at Apple's own stores, the Journal said. Apple could not be reached immediately for comment. ...


  • Nigeria's banking share index up 7.7 pct on bank earnings

    Traders work at the Nigerian Stock Exchange in LagosLAGOS (Reuters) - Nigeria's Top-10 banking index surged 7.7 percent in early trade on Friday after the two top lenders reported higher profits. Guaranty Trust Bank and Zenith Bank, two of Nigeria's top tier lenders reported 9 percent and 12.8 percent increases in pretax profits respectively for 2014. Their shares rose by the maximum 10 percent allowed at the bourse. The main share index is up 2.3 percent.


  • China reviews giving banks stock broking licences - regulator
    China is considering issuing banks with brokerage licences as part of reforms that will permit financial institutions to conduct mixed businesses to boost their performance and develop the capital market, the stock regulator said on Friday. The government's stock market development blueprint issued last year has encouraged such mixture and the China Securities Regulatory Commission (CSRC) is studying details on implementation, the regulator said on its official Weibo. "While such study is going on and must go through necessary procedures, there is no timetable to announce related policies," the CSRC said. A surprise interest rate cut by the central bank in November and the launch of a scheme between Hong Kong and Shanghai the same month, allowing direct trading of stocks on each other's bourses, also helped boost stock market volume.More

  • Weak Justice for Wall Street: How a Twisted Double Standard Saved Citigroup Millions
    $20 million payment for two years — something you would never tolerate from your own customers — and face absolutely no consequences. A case study of these separate sets of rules for powerful institutions came this week when Bloomberg Business revealed that Citigroup, which would not exist today without substantial financial support from U.S. taxpayers, forgot to pay 23,000 borrowers entitled to restitution under something called the Independent Foreclosure Reviews (IFR). Because I’m making a very specific point, let's ignore for the moment the plain fact that the IFR, designed to check all foreclosures in 2009 and 2010 for processing errors, was neither “independent” nor a “review.” It was ultimately aborted and turned into a cash settlement, where most borrowers — including those who improperly lost their home — received less than $1,000 and as little as $300 in compensation for this destruction of their wealth and financial security. The IFR was one of the most disgraceful episodes in the entire financial fraud accountability charade of the past few years.More

  • Looking For Terrific Earnings AND Dividend Growth? Look No Further Than Barclays PLC, HSBC Holdings plc And Barratt Developments Plc
    Royston Wild explains why Barclays PLC (LON: BARC), HSBC Holdings plc (LON: HSBA) and Barratt Developments Plc (LON: BDEV) are great picks for all types of investor.More

  • TSX ekes out gain as ECB rally fades; energy earnings help
    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index rose in a broad but shallow rally on Thursday, led by a 5 percent jump in shares of Canadian Natural Resources Ltd after the major oil and gas producer surprised investors with strong quarterly results. "Investors are starting to pick through the rubble and the relative valuations in the (energy) sector look a bit better," said Youssef Zohny, portfolio manager at StennerZohny Investment Partners of Richardson GMP Ltd. "Earnings definitely help reduce a lot of the fog." Canadian Natural jumped to C$38.64 after the company's earnings beat expectations. The Toronto Stock Exchange's S&P/TSX composite index added 20.27 points, or 0.13 percent, to 15,103.11. The TSX was supported by a broad global stock market gain as the European Central Bank spelled out its latest effort to boost the struggling euro zone economy.More

  • AbbVie and Costco are big market movers
    Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE AbbVie Inc., down $3.41 to $56.86 The drug developer will boost its portfolio ...More

  • Wall Street closes up slightly ahead of jobs report

    Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday's jobs report, which is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike.


  • Peugeot's blue-chip index comeback spurs recovery
    (Adds company reaction, closing share prices) By Laurence Frost PARIS, March 5 (Reuters) - PSA Peugeot Citroen will return to France's benchmark CAC-40 index, stock market operator Euronext said on Thursday, delivering a likely boost to the French carmaker as it emerges from a prolonged European sales slump and bailout. Peugeot will replace Gemalto, which had already been identified as a possible exit candidate before reports last month that millions of its mobile phone SIM cards had been hacked by U.S. and British intelligence. CAC-40 re-entry could boost Peugeot's shares - up 49 percent so far this year - by triggering automatic buying on behalf of exchange-traded and tracker funds. Spiralling losses led Peugeot to a 3 billion euro ($3.31 billion) bailout last year, in which the French government and Chinese state-controlled carmaker Dongfeng took matching 14 percent stakes in the Paris-based company.More

  • The new 'Horsemen of the Nasdaq' - how long will they ride?

    A man walks past the Nasdaq MarketSite in New York's Times SquareApple, Google, Facebook and Amazon hold dominant positions in the tech sector and have been among the biggest engines driving the Nasdaq above the 5,000 mark this week for the first time since 2000. The tech world moves so quickly that in 2000 Google wasn't yet public and Facebook didn't exist. Apple had yet to introduce the iPod, let alone the iPhone. "In other sectors there's a greater sense of permanence in the leadership, but tech is always changing," said Scott Kessler, head of technology sector equity research at S&P Capital IQ in New York.


  • Wall Street little changed after 2-day drop, data

    A Wall Street sign is pictured in front of the New York Stock Exchange, open during Winter Storm Juno, in the Manhattan borough of New YorkBy Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks were little changed on Thursday, in the wake of two days of declines on the S&P 500, as economic data did little to alter expectations on the timing of an interest rate hike by the Federal Reserve. Initial jobless claims rose to 320,000 in the latest week, above the 295,000 estimate and 313,000 in the prior week.


  • MOVES-UBS, HSBC, Mercer, Credit Suisse, F&C Investments
    (Adds Credit Suisse, F&C Investments) March 5 (Reuters) - The following financial servicesindustry appointments were announced on Thursday. To inform usof other job changes, email UBS GROUP AG The Switzerland-based financial services provider has hireda team of three executives for its U.S. consumer and retailinvestment banking unit from boutique investment bank EvercorePartners Inc, the Wall Street Journal reported, citingan internal memo it saw. ...More

  • Carrefour lifts capital spend to cement turnaround

    The logo of Carrefour is seen at the entrance of the Carrefour's Bercy hypermarket in Charenton Le Pont, near ParisBy Dominique Vidalon PARIS (Reuters) - Carrefour SA, the world's second-largest retailer, reported higher profits on Thursday as a revival of its European hypermarkets started to pay off and said it would lift capital spending further this year to cement that recovery. The group also reiterated it would be ready to go ahead this year with a stock market flotation in Brazil, its second-largest market after France, if market conditions allow. Carrefour, which ranks second globally to Wal-Mart Stores Inc, said 2014 operating profit rose 6.7 percent to 2.39 billion euros ($2.6 billion), in line with a Thomson Reuters I/B/E/S poll average of 2.38 billion. The performance reflected improved profitability at its core French and European businesses and robust growth in Brazil.


  • Robust earnings help European shares extend rally ahead of ECB
    LONDON/PARIS, March 5 (Reuters) - European shares rose on Thursday, with a batch of robust company results from firms including supermarket Carrefour (Paris: FR0000120172 - news) and fund manager Schroders (LSE: SDR.L - news) boosting sentiment. Investors also awaited the European Central bank meeting at which it is set to give further details on its massive bond-buying programme. British fund manager Schroders was up 2.2 percent after reporting a better-than-expected jump in its 2014 pretax profit as net inflows more than tripled to 24.8 billion pounds. About 80 percent of STOXX Europe 600 companies have reported results so far, posting a 22 percent surge in quarterly profits, according to Thomson Reuters Starmine data, making for Europe's best earnings season since mid-2011.More

  • South Africa's Aspen H1 earnings up 22 pct as acquisitions kick-in
    Africa's biggest generic drugmaker Aspen Pharmacare Holdings Ltd reported a 22 percent increase in half-year profit on Thursday as contributions from recent acquisitions offset the impact of unfavourable currency moves. Aspen has made an aggressive push overseas to benefit from patent expiries on best-selling name-brand drugs worth billions of dollar.More