Opportunists cash in on delayed iPhone launch in China
Lured by the promise of profit from smuggling the new iPhones into China, opportunists joined the thousands of Apple Inc fans lining up to buy the devices as they were launched on Friday across Asia.
Sep 19, 2014 11:19 AM EDT
Alibaba expected to jump more than 25 percent in trading debut
Alibaba Group Holding Ltd's (BABA.N) shares are expected to surge in their first day of trading on Friday as many investors that received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history.
Wall Street sees holes in Fed's new policy-tightening plan
No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.
Dollar hits six-year peak vs yen, stocks rally
The dollar hit a more than six-year peak against the yen on Thursday on data showing U.S. jobless claims fell more than expected last week, while global equity markets rallied after the Federal Reserve renewed a pledge to keep interest rates low.
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Dollar slips vs euro after U.S. CPI data hints at dovish Fed
The U.S. dollar edged lower against the euro on Wednesday after data showed U.S. consumer prices fell last month, fuelling scepticism that the Federal Reserve will adopt a more hawkish tone in a policy statement later in the session.
Sep 17, 2014 11:42 AM EDT
Shares in Russia's Sistema plunge with billionaire chairman under house arrest
Shares in sprawling Russian holding company Sistema plummeted over 30 percent on Wednesday after its billionaire chairman was placed under house arrest, wiping more than $2 billion in value off the company.
Sep 17, 2014 11:10 AM EDT
U.S. consumer prices post first decline in 16 months
U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates.
Sep 17, 2014 11:00 AM EDT
Wells Fargo finds mortgage myths hamper home purchases
Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co, the largest U.S. mortgage lender.
Sep 16, 2014 11:32 AM EDT
Wall St. flat, but oil price lifts energy stocks; eyes on Fed
U.S. stocks were little changed on Tuesday, though energy stocks were up for a second session as crude prices edged higher.
Sep 16, 2014 10:56 AM EDT
Microsoft to buy Minecraft maker Mojang for $2.5 billion
Microsoft Corp (MSFT.O) said on Monday it has agreed to acquire Stockholm-based games developer Mojang and the company's wildly popular Minecraft video game franchise for $2.5 billion.
Sep 15, 2014 10:56 AM EDT
Dollar index on track for best run in 17 years
The dollar was steady on Friday at six-year highs against the yen, and the dollar index was headed for a ninth consecutive week of gains after strong retail sales data added to expectations that U.S. growth is gaining steam.
Sep 12, 2014 12:26 PM EDT
U.S. jobless claims rise, but firming labor market trend intact
The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels.
Sep 11, 2014 10:18 AM EDT
Shares sag but sterling gains as Scotland poll eases nerves
Sterling rose off multi-month lows on Thursday as a poll showing that most Scots intend to vote against independence next week alleviated concerns over the future of the UK, but equities slipped on an unexpected rise in U.S. jobless claims.
Sep 11, 2014 10:16 AM EDT
Senators urge Burger King to ditch move to Canada
A group of U.S. senators wants Burger King Worldwide (BKW.N) to scrap its plans to invert, or move its tax domicile to Canada, as part of a deal to buy coffee and donut chain Tim Hortons Inc (THI.TO).
Sep 11, 2014 9:59 AM EDT
Dollar sweeps to 14-month high, iPhone mania builds
A robust dollar swept to a 14-month high on Tuesday as investors tweaked bets on an early hike in U.S. interest rates, burdening oil, gold and stocks in emerging markets.
Sep 09, 2014 11:10 AM EDT
Dow, S&P 500 fall, but tech lifts Nasdaq
The Dow and S&P 500 are lower on Monday, pulling back after a five-week rally, though that upward momentum is still seen as intact and strength in technology shares is lifting the Nasdaq.
Sep 08, 2014 11:34 AM EDT
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