Business

ArcelorMittal suspends dividend as steel market slumps, 1st operating loss in

Record levels of imports, particularly from China and the CIS, have placed significant downward pressure on European steel prices. ArcelorMittal has now cut its guidance for full-year EBITDA to between $5.2B-$5.4B from a previous range of $6B-$7B and suspended its dividend.

Business

Square Outlines IPO Terms

The company has been approved to list its stock on the New York Stock Exchange, under the ticker symbol "SQ". That consists of about 4 million shares put aside for underwriters. 6 million for the primary half of 2015 and has warned which will proceed to generate losses because it invests to increase. Including Mr. Dorsey's stake, venture-capital firm Khosla Ventures's 17.3% stake and smaller shares held by board members and executives, about two-thirds of Square is held by insiders.

Business

Avon reports 3Q loss

For the third quarter, the company reported an attributable loss of $697.0 million or $1.58 per share, compared to earnings of $91.4 million or $0.21 per share past year. Avon Products , Inc. ( AVP ) has the market capitalization of $1.76 billion. The company has a 50-day moving average price of $3.75 and a 200-day moving average price of $5.64.

Business

Isro celebrates second year of Mars mission launch

On the second anniversary of the launch of the spacecraft, a technical meet was organised on Thursday at Mission Operations Complex, the location of Spacecraft Control Centre in the ISRO Telemetry, Tracking and Command Network (ISTRAC), Bangalore.

Business

US Federal Reserve refrains from interest rate rise

Speaking to Reuters , economists said the Fed was testing the water and trying to subtly hint to the market its intentions, possibly to avoid a taper tantrum similar to 2013. "Job gains averaging better than 150,000 a month for the next two months may be enough for Fed officials", he added. But the clear improvement in its economic outlook in a new policy statement, including downplaying previous concerns about the slow world economy, raised the possibility that an increase could come as soon ...

Business

Telangana starts 'T-Hub' to establish Hyderabad as biggest start-up capital

Tata, an active investor himself in start-up space, underscoring the need for the country to come to be known for its entrepreneurial abilities. "It does not mean that existing systems will be obsolete when new ones come", Tata asserted. "And I am sure we continue to do that", he explained. According to him, the initial fund size for the T-Hub project would be Rs 10 crore and scalable up to United States dollars 100 million (Rs 650 crore) and the startup incubator has already tied up ...