Blackrock Betting on Machines and Algorithms More than Humans
The world’s largest fund company Blackrock has initiated the process of revamping its actively managed equity funds. It has slashed the fees on some of its funds as it plans … Read More
Category: World News
The First Revenue Miss in Five Quarters Caused IBM Shares to Take a Nosedive
In the past five years, while the S&P 500 rose about 68%, IBM stock lost 20% of its value. It’s the 20th consecutive quarter when the company has posted losses … Read More
Snap Grabs Its Very First ‘BUY’ Rating
Snap got listed on the New York Stock Exchange with a big bang and the shares closed some 44% higher than the issue price on day one itself. The investors … Read More
Klaus Kleinfeld Stepped Down as CEO of Arconic in a Bizarre Manner
Klaus Kleinfeld, the chief executive of Alcoa was the key figure in getting the board approval to spin off a fast-growing subsidiary, Arconic from the parent company and became its … Read More
Latest Casualty – Eric Mindich’s Eton Park Hedge Fund to Close
The high-profile investor Eric Mindich is forced to close Eton Park Capital Management LP, his $7 billion hedge fund due to poor performance. Mr Mindich was the star performer who … Read More
World’s Leading Security Researcher Jonathan Zdziarski to Join Apple Team
The juggernaut Apple has come up with a new strategy to enhance security and stability of all its products and services. Sources have revealed that Apple has hired Jonathan Zdziarski,who … Read More
Wood Group Becomes the Largest Oil Service Company in Europe After It Acquired Amec
The shares of the two companies rose as John Wood Group Plc consented to the acquisition of Amec Foster Wheeler Plc for a sum of 2.7 billion dollars. The takeover … Read More
Profits Soaring for Crest Nicholson Brushing Aside Concerns Over the EU Referendum
Housebuilder Crest Nicholson notched up a 25% rise in pre-tax profits to £72.6 million and the revenues rose by 22% to £408.1 million in the first six months of the … Read More