Search Results for: Shares
Alibaba in Talks to Invest in Snapchat
July 31st, 2014
Snapchat Inc. has held preliminary talks with Chinese e-commerce giant Alibaba Group Holdings Ltd. to raise a new round of financing that could value the mobile-messaging startup at about $10 billion, according to people familiar with the matter. The ...
The S&P 500 becomes S&P 502
July 31st, 2014
S&P 502. It just doesn’t found right. Yet, another unorthodox dividend is causing the benchmark Standard & Poor’s 500 index to balloon to include 502 stocks. Media firm Discovery Communications is paying investors one share of its Class C ...
EU Practiced Its Russian Sanctions in Cyprus
July 30th, 2014
Europe’s new financial sanctions against Russia will be among the first meaningful ones the West has introduced since the Ukraine crisis started. But punishing rich Russians is not exactly new territory for the EU — it has been doing ...
AstraZeneca invests in Almirall lung drugs up to $2.1 billion
July 30th, 2014
AstraZeneca (AZN.L) took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion for the rights to Spanish group Almirall’s (ALM.MC) lung drugs. The British drugmaker, which resisted ...
ASIC accepts enforceable undertaking from Adelaide-based AFS licensee
July 30th, 2014
The Australian regulator, ASIC, has today announced that it has accepted an enforceable undertaking (EU) from Adelaide-based PGW Financial Services Pty Ltd (PGW), after an ASIC surveillance found deficiencies in its advice to clients and arrangements for supervising its ...
Twitter faces loss; yet users increase
July 30th, 2014
Twitter social network cited a loss of $145m (£86m) for the second-quarter period from March to June. That is more than triple the loss the company reported during the same period a year ago. Twitter said it had 271 ...
Asian Equities Extend Six Year High
July 30th, 2014
Asian stocks rose for a fourth day, with the regional benchmark index extending a six-year high, before the Federal Reserve updates markets on monetary policy today and as the U.S. and European Union strengthened sanctions against Russia. Honda Motor ...
West TX Oil drops Before Stockpile Data
July 30th, 2014
West Texas Intermediate crude traded near the lowest price in two weeks before government data that may signal the strength of fuel consumption in the U.S., the world’s biggest oil user. Brent fell in London. Futures were little changed ...
Apple updates MacBook Pro laptops and lowers price for older ones
July 29th, 2014
Apple Inc (AAPL.O) announced the updated MacBook Pro line of laptops with a high-resolution Retina display, faster processors and higher memory for a starting price of $1,299. The world’s largest technology company also lowered the price of its older ...
UBS, Deutsche Bank questioned by U.S. regulators on trading operations
July 29th, 2014
Germany’s Deutsche Bank (DBKGn.DE) and Switzerland’s UBS (UBSN.VX) were investigated by U.S. regulators, who are searching to find whether broker-run stock exchanges gave an unfair advantage to high-frequency traders. The investment banks, which said on Tuesday that they were ...
