Shares in Research in Motion, the maker of the BlackBerry smartphone device, soared in New York today as the company unveiled a 73 per cent hike in first-quarter sales.
The surge came just hours before the long-awaited release of Apple’s iPhone, which could prove to be the BlackBerry’s strongest competitor so far.
Shares in RIM were up […]
Oil prices have topped $70 in the US, hitting the highest level in 10 months on fears that more crude will need to be refined to boost petrol stocks.
New York light crude rose as high as $70.09 a barrel, before slipping back to trade 82 cents higher at $69.79.
Petrol stocks have declined just as the […]
The Central Bank of Cyprus, acting on behalf of the government of Cyprus held an auction for 10-year maturing bonds as well as a Treasury Bills auction with 13 weeks maturity, for which it received bids, but decided not to accept any. For the 10-year bond, with a coupon of 4.5% and for up to […]
Brazil, the world’s biggest coffee grower, agreed to subsidize all 4 million bags of beans offered at an auction after a currency rally eroded export profits.
Brazil will pay growers a subsidy of 39.99 reais ($20.40) a bag to supplement prices paid by roasters and exporters, the Agriculture Ministry said. Today’s auction was the first […]
Kayne Anderson MLP Investment Company (the “Company”) has announced the successful completion of its $185 million offering of Series F Auction Rate Senior Notes (”Series F Senior Notes”). The Series F Senior Notes are rated ‘Aaa’ and ‘AAA’ by Moody’s Investors Service, Inc. and Fitch Ratings, respectively. The initial interest rate on the Series F […]
Neft-Aktiv, a wholly-owned subsidiary of Russian state-controlled oil major Rosneft, has signed an agreement to purchase the oil retailers that were earlier bought by Russian company Unitex from bankrupt oil company Yukos, Rosneft said in a press release Tuesday.
Rosneft has agreed to pay 16.324 billion rubles for the assets.
Unitex bought 495 retail stations and neighboring […]
Apptera, a five-year-old startup, is out to prove the “voice is a commodity†crowd wrong.
The San Bruno, California-based company on Wednesday introduced MobileAd Technology, an advertising marketplace that inserts ads in phone calls through a Google-style bid system.
The company plans to fill those long and short pauses in commercial phone calls, as the caller is […]
The Bangladesh government has issued two new treasury bonds of 15-year and 20-year terms. The goal of the latest issue is to attract more investors and activate the country’s secondary bond market, officials say in the capital, Dhaka on Monday.
Besides, the Bangladesh Bank (BB), the country’s central bank, on Monday amended the auction system of […]
eBay, the online auctioneer has returned to Google for advertisements almost a week after it pulled out.
eBay pulled ads from the world’s most popular search engine on June 11 in what the auction company billed as an experiment to determine the most effective means of getting customers to visit the shopping site.
The actual reason for […]
Trans Energy, Inc. (OTC Pink Sheets: TENGE.OB) announced today that it has closed a financing agreement with CIT Energy, a unit of CIT Group Inc.
James K. Abcouwer, President and CEO of Trans Energy said, “We have been working to put the best possible financing structure for the company in place and believe we have done […]
