Sunday, September 21, 2014
A buying frenzy sent Alibaba shares sharply higher Friday as the Chinese online giant made its historic Wall Street trading debut.
Alibaba has become by far the dominant e-commerce company in China, a country with the world's greatest number of Internet users, in only 15 years.
Saturday, September 20, 2014
Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.
Microsoft on Thursday said that it axed 2,100 jobs in a second round of cuts which were announced earlier this year.
Friday, September 19, 2014
Sony shares plunged Thursday after the electronics giant warned of a US$2.14 billion annual loss linked to its struggling mobile phone unit, taking investors by surprise and dealing another blow to its turnaround plan.
A consortium led by Hyundai Motor Co. offered more than US$10 billion for land in Seoul's tony Gangnam district where it will build a new headquarters. The sky high price surprised shareholders who sent the automaker's shares down nearly 10 percent.
British no-frills airline easyJet said on Thursday it had finalized a deal to buy 27 single-aisle A320 jets worth US$2.05 billion at list prices from European aircraft maker Airbus.
Thursday, September 18, 2014
Sony expects its annual loss to swell to US$2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.
Richemont, number two in the luxury products world after LVMH, blamed falling sales in Asia for sluggish growth in the first part of its financial year, in a statement on Wednesday.
Endo International PLC says it is making an unsolicited offer for Auxilium Pharmaceuticals that values Auxilium at US$28.10 per share.