Market News Stories
Just weeks ahead of its expected debut on the New York Stock Exchange, Chinese Internet colossus Alibaba reported that its quarterly profit nearly tripled on surging revenue. Alibaba Group made a profit of nearly $2 billion on revenue of $2.5 … Continue reading
Asia’s markets were mixed Thursday, with investors unable to build on the previous day’s advances after the SP on Wall Street notched up another record. With few catalysts to drive trade the dollar retreated from seven-month highs against the yen, … Continue reading
(Reuters) – Private equity firm Lion Capital LLP has told American Apparel Inc that it is exercising its right to fill one of the two vacant board seats it controls at the apparel retailer, the Wall Street Journal reported, citing … Continue reading
Reuters Market Eye – The rupee is trading at 60.37/38 versus its previous close of 60.45/46. The Indian unit’s gains are likely to be limited by month-end dollar demand from importers. Nifty is trading 0.4 percent higher. Local shares to … Continue reading
Amazon (AMZN)‘s latest wave of original pilot shows launches Thursday, as the company intensifies its push into original streaming content, challenging rivals like Netflix (NFLX) and HBO. The three half-hour comedies and two hour-long dramas in this pilot season are … Continue reading
It seems as though we can’t go a week without another report of an American company merging with a foreign business in order to relocate their headquarters and avoid the nominal U.S. tax rate of 40%. The latest is Burger … Continue reading
It’s shaping up to be an especially interesting September for mobile gadgets, and for the companies that make them. Rumored new phones, tablets and smartwatches from Apple (AAPL), Motorola (GOOGL), Sony (SNE) and others could shake up the market and … Continue reading
Harold Hamm is the quintessential self-made man. He was born the son of sharecroppers and at the time of this writing is the world’s 34th richest person, according to Forbes. Hamm is the founder and CEO of Continental Resources (CLR) … Continue reading
BEIJING/SEOUL (Reuters) – A China-based supplier for Samsung Electronics Co Ltd and Lenovo Group Ltd said on Thursday it had never hired child laborers, denying allegations by a U.S.-based activist group. Samsung Electronics also said it had found no children … Continue reading
NEW YORK (Reuters) – Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power. Though … Continue reading
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