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Crude Oil’s (USO) Price Movement Through The Week Ended May 22

Crude Oil’s (USO) Price Movement Through The Week Ended May 22

Crude oil prices closed in the red during the week ended May 22, on the back of a strong US dollar and a slowdown in rig closures in the US. Investors also booked profits during yesterday’s trade following two days of gains, driving the prices downward. During the week, US […]

Home Depot Beats the Street on Profit and Comparable Sales

Home Depot Beats the Street on Profit and Comparable Sales

Home Depot Inc, the largest home improvement chain in the world, posted comparable sales as well as profit for the quarter that was better than had been expected. The company said on Tuesday that demand increased across the board. Home Depot, which also increased its forecast for sales along with […]

Inditex Posts Strong Growth in Sales

Inditex Posts Strong Growth in Sales

Inditex, the largest clothing retailer in the world, posted strong growth in sales for its first five weeks of its new financial year. The retailer added that its pace of new store openings would be slowing down as part of the company’s trend of sales moving more to the Internet. […]

OPEC Members Say $80 Is “Fair”; Saudi Arabia Silent

OPEC Members Say $80 Is “Fair”; Saudi Arabia Silent

With international oil markets still mired in a downturn due to the sharp decline in crude prices, some members of the Organization of the Petroleum Exporting Countries (OPEC) are now openly calling for a new “fair” price for oil. In Vienna this week, oil ministers from Angola, Venezuela and Iraq […]

Activision Blizzard Pays $46M For Major League Gaming Assets (NASDAQ:ATVI)

Activision Blizzard Pays $46M For Major League Gaming Assets (NASDAQ:ATVI)

Activision Blizzard has reportedly acquired a majority of Major League Gaming’s assets in a $46 million deal. Major League Gaming was once the largest esports company in North America. The company has not yet publicly confirmed the report. Founded by Sundance DiGiovanni and Mike Sepso in 2002, MLG helped bring […]

Pfizer Increased Prices in U.S. for More Than 100 Drugs

Pfizer Increased Prices in U.S. for More Than 100 Drugs

Pfizer Inc, which is planning a merger of $160 billion with Allergen based in Ireland to cut its annual tax bill, raised the prices in the U.S. on January 1 of over 100 drugs, of which some were hiked by 20%, according to a global information company online that compiled […]

Amazon Scores Martha Stewart American Made Store (NASDAQ:AMZN)

Amazon Scores Martha Stewart American Made Store (NASDAQ:AMZN)

Martha Stewart’s American Made store is moving from eBay to Amazon’s Handmade marketplace. Both eBay and Ms. Stewart confirmed that they had decided to part ways. Amazon’s mammoth scale made it an attractive partner for Martha Stewart’s American Made store. Amazon is one of the country’s largest retailers with sales […]

Molycorp Inc (MCP) Reports 13th Consecutive Quarterly Loss

Molycorp Inc (MCP) Reports 13th Consecutive Quarterly Loss

On Thursday, Molycorp Inc (NYSE:MCP) reported its result for the first quarter of fiscal’15 (1QFY15, ended March 31, 2015) before the opening bell in New York. The Colorado-based company’s stock price is down more than 18% in the early minutes of trading on the New York Stock Exchange (NYSE), after […]