Dairy product prices rise with whole milk powder
By Margreet Dietz May 18 (BusinessDesk) - Dairy product prices increased at the Global Dairy Trade auction, with gains in the price for whole milk powder exceeding expectations amid the lowest amount on offer in three years. The GDT price index rose 2.6 percent to US$2,283,...
While you were sleeping: Buffett sees Apple value
By Margreet Dietz May 17 (BusinessDesk) - Wall Street moved higher, bolstered by gains in Apple shares after Warren Buffett's Berkshire Hathaway disclosed that it owns a stake worth about US$1.1 billion in the iPhone maker. Oil also helped underpin the mood. In 2.53pm New...
While you were sleeping: Apple bites into sentiment
By Margreet Dietz May 13 (BusinessDesk) - Wall Street was mixed as a slide in Apple shares amid concern that the company is preparing for slower sales of its iconic iPhone offset gains in Nike and Microsoft. In 2.40pm New York trading, the Dow Jones Industrial Average added...
While you were sleeping: Macy’s, Disney disappoint
By Margreet Dietz May 12 (BusinessDesk) - Wall Street declined amid disappointing earnings from Macy’s and Walt Disney, which fuelled concern US consumers are keeping their purse strings tight. Shares of Macy’s tumbled, trading 14.4 percent weaker as of 2.54pm in New York,...
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