From online to offline: Amazon is opening its first physical bookstore in Seattle
Amazon is opening its first bookstore in the University Village shopping center, Seattle. Amazon Books will sell about 6,000 titles of high rating books in Amazon.com.
Nov 04, 2015 3:29 AM EST
Energy, healthcare triggers Wall Street gains; Nasdaq 100 hits 15-year high
US stocks climbed across sectors Monday adding to the momentum of its growth from the August 25 drop. Thanks to the increases in the energy sector and the growing acquisition activities in healthcare.
Asian stocks follow gains on Wall Street
Taking cues from overnight rally on Wall Street, Asian stocks also surged. However, China markets slipped into presure owing to investigations over financial scam and illegal future trading dampened the market sentiment. Japan markets were closed on account of a holiday. Remaining Asian stocks were in positive mode and looking to cues from US Fed Reserve and European Central Bank.
Oil price continues to slump after weak data from China
Crude-oil prices dropped in early Asia trade on Monday as lackluster Chinese factory activity data widened fears that demand from the world’s second-largest economy is likely to stay low.
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S&P 500 earnings parade may slip on energy companies
Surprisingly the ongoing quarterly season has been positive for the Wall Street as it recorded gains in October. But, the expected bleak earnings from the energy sector may discourage the market sentiment and slow down the S&P 500 index gain.
Nov 03, 2015 9:48 PM EST
Japanese auto majors may post encouraging quarterly results
Japanese automobile majors Toyota, Nissan and Honda are upbeat on performance as surges in US sales and weaker Yen are adding to their profits. The market analysts are closely watching second quarter and third quarter results to ascertain future outlook for 2016. The US and China markets account for one-third of total sales of Japanese automobile majors.
Nov 03, 2015 3:11 AM EST
Task force for recreational drone registration convenes
A task force formed by the FAA to recommend rules for registering recreational drones begins a series of meetings this Tuesday. Among members of the task force are representatives from Amazon, Wal-Mart, and Best Buy.
Nov 03, 2015 12:57 AM EST
Fed wants to shield taxpayers when banks go down
US banks will be required to hold enough debt that could be converted into equity if they were to falter soon. This according to a Fed rule that was approved by a unanimous vote on Friday.
Nov 03, 2015 12:55 AM EST
China factory output again slips, but fall slows down in October
The manufacturing sector's output again fell in October showing a continuous drop for the past eight months in the world's second-largest economy. However, the drop was at a slower pace in October as the marginal recovery in export orders offset further damage.
Nov 03, 2015 12:42 AM EST
Ellie Mae beats expectations on the third quarter revenue as mortgage industry soars
The mortgage processing software company Ellie Mae beats the expected revenue on the third quarter financial report. The company's revenue rose 61% to $68.9 million, higher than analysts expectations of 46% growth.
Nov 03, 2015 12:40 AM EST
Daniel Loeb's Third Point picks stake in Seven & I
Daniel Loeb's Third Point LLC has picked stake in Japanese retailer Seven & i Holdings. The size of the deal is expected to be below five percent. The US activist investor Loeb has called for restructuring at the Japanese retailer to increase profitability and shareholder returns, while reducing costs. Seven & i is closing down its underperforming Ito Yodado stores.
Nov 02, 2015 9:41 PM EST
Airbnb Spends $8 million campaign to stop San Francisco measure to limit short-term rentals
Airbnb spends more than $8 million for a campaign to stop Proposition F, an initiative in San Francisco that would limit short-term rentals.
Nov 02, 2015 10:32 AM EST
Chipotle shuts all stores in Seattle, Portland due to E coli outbreak
Chipotle Mexican Grill closed 43 Chipotle restaurants in Pacific Northwest region due to an outbreak of E. coli bacteria.
Nov 02, 2015 9:50 AM EST
New crowdfunding norms to push US start-ups
The US Securities and Exchange Commission (SEC) has approved the new rules on crowdfunding facilitating startups to mobileze funds from individual investors and non-accredited investors as well. The with a majority voting of three to one.
Nov 02, 2015 8:43 AM EST
Electrolux AB down after US Justice Department's refusal
Electrolux AB fell in the US trading after the US Justice Department rejected a proposal to resolve the Swedish company’s antitrust lawsuit that would block the $3.3 billion acquisition of General Electric’s household-appliance business.
Nov 02, 2015 3:54 AM EST
LinkedIn beats expectations as its stock gets 12% boost
LinkedIn announced the third quarter financial report that is better than analyst expectations. The company's shares jump 12%.
Nov 02, 2015 3:11 AM EST
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