New entry from Citi and Hilton in hotel credit cards market
There are quite a few hotel credit cards already available, but their number has just grown by one.
Treasury Sanctions Hizballah For Supporting Assad
The Treasury Department on Friday targeted Hizballah, a Shiite military and political organization, for potential fresh sanctions for providing support for the Syrian government.
UBS Denies Report It Abets German Tax Evasion
Swiss banking giant UBS AG (UBS) Friday denied a newspaper report which alleges that the bank is moving German funds to Singapore ahead of the implementation of a German-Swiss tax treaty, which will take effect in 2013 if it is passed by the two parliaments.
Ubiquiti Shares Plunge 40% On Warning
Shares of Ubiquiti Networks plunged 40% to $8.95 on Friday a day after the network technology company posted robust earnings growth for its fiscal fourth-quarter, but warned that counterfeit products will hurt its forecast.
PTT Warns on Third-Quarter Outlook as Net Profit Slumps
PTT PCL (PTT.TH), Thailand's largest oil and gas conglomerate by revenue, Friday warned the outlook for its oil refinery and petrochemical affiliates remained bleak in the third quarter, as it reported a slump in second-quarter net profit mainly due to losses at associate companies.
Canada Equities Fall; Unemployment Rate Edges Up
Canadian equities fell Friday after Statistics Canada reported that employment in July fell by 30,000 and the unemployment rate edged up to 7.3%.
Novatek Net Profit Falls 32.6% on Forex Loss
OAO Novatek (NVTK.RS), Russia's biggest independent natural-gas producer, said Friday that second-quarter net profit fell 32.6% on the year to 9.66 billion rubles ($306 million) on the back of foreign exchange losses as the Russian currency depreciated against the U.S. dollar.
Monster Beverage Shares Hit By Regulatory Probe
A regulatory probe hit shares of Monster Beverage Friday morning. Its shares topped S&P 500 decliners, sliding 7% to $56.84. In its 10-Q securities filing, Monster Beverage disclosed that it got a subpoena from an unnamed state attorney general in July regarding its "advertising, marketing,
Energy Stocks Slide As Ernesto Threat Fades
Oil and gas stocks fell Friday as Hurricane Ernesto broke up over eastern Mexico, removing support for the sector as energy futures gave back the previous session's gains.