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Oil, stocks resume their slide on Monday
2016-01-25 12:52:01| Food - Topix.net
The latest oil price drop is being blamed on Saudi Arabia's state-run oil company, Saudi Aramco. The energy heavy hitter reportedly said it was continuing to invest in energy projects despite oversupply in the markets.
Crude oil prices slide due to supply glut
2016-01-25 01:00:00| Offshore Technology
Crude prices have fallen again due to ongoing concerns about the global oversupply, with a snowstorm increasing demand for heating oil in the US.
With SoftBank's slide, it's worth less than stake in Alibaba
2016-01-24 06:35:10| IT Services - Topix.net
SoftBank Group Corp. tumbled below the value of its stake in Alibaba Group Holding Ltd. amid growing concerns about the Japanese company's other assets, including struggling U.S. wireless carrier Sprint Corp. SoftBank's market capitalization stood at 5.89 trillion yen Friday after its stock rebounded 8 percent after a four-day losing streak triggered by rising pessimism about Sprint's ability to pay down debt. That still lags the $56 billion that its stake in Alibaba is worth, according to its own website.
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UPDATE 3-IBM forecasts weak earnings for 2016; shares slide
2016-01-20 01:32:57| Electronics - Topix.net
Jan 19 International Business Machines Corp reported an 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue's results. Armonk, New York-based IBM's revenue fell to $22.06 billion, above analysts' average estimate of $22.02 billion, according to Thomson Reuters I/B/E/S.
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Stock slide accelerates, oil plunges below $30 a barrel
2016-01-15 20:42:55| Energy - Topix.net
Energy and financial companies led a broad tumble for U.S. stocks in afternoon trading Friday as the slump in the price of oil deepened, pulling crude below $30 a barrel. The Dow Jones industrial average was down more than 400 points as the market headed for its worst first two weeks of a year ever.
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