Result Page 61 for Latest Markets News & Archive

Markets

Match Group Inc. will go public

Match Group Inc. owners of several popular dating website is planning to go public soon. The company ahd filed for its IPO under the Nasdaq Global Select Market and will be traded under that listing.

Oct 18, 2015 10:22 PM EDT

News

Alibaba offers to privatized another Chinese company listed on the NYSE

Alibaba offers to buy YouTube like service provider, Youku Tudou in an offers worth $3.6 billion. The offer was confirmed and agreed by the company's chairman Victor Koo but investors agreement are still needed before the acquisition can be finalized.

News

American Apparel paints rosy picture after bankruptcy

American Apparel company forecasts robust demand after the bankruptcy turnaround. The US-based fashion chain is predicting more profitable years to come. American Apparel is known for its controversial sexual advertisements. In a filing to the US Bankruptcy court in Wilmington, Delaware, American Apparel said it would make a turn around and will record profits in 2018

Markets

Fiat Chrysler's un-staffing plans due to proposed labor deal could eliminate Dodge Viper in 2017

Fiat Chrysler Automobiles went into a labor contract with the United Auto Workers, which includes laying off workers in its 80-person Connor Avenue Assembly plant. This will ultimately lead to the extinction of the Dodge Viper sports car, which is expected to end production in 2017.

Beyond Top Talents, Apple gives stock grants to all employees

Beyond its top ranking workers, Apple gives its stock grants called Restricted Stock Units to its rank and file employees, creating a better precedent to the technology and business industry.

Oct 17, 2015 8:30 PM EDT

Copper production curb possible if less demand continues in China

The demand for copper along with other metals such as zinc and aluminum declined. This scenario prompts mining companies to control the production if necessary to also have contro on the prices.

Oct 16, 2015 6:17 AM EDT

Stock market volatility forces Albertsons to delay IPO

Just a couple of hours after CNBC released Albertsons Companies' intent of rescheduling their IPO due to market volatility, the news website has now made another recent update detailing Albertsons' plans on conducting their IPO before Thanksgiving.

Oct 16, 2015 1:55 AM EDT

Square Files for IPO despite of $77.6 million loss

Square Inc. had filed for an IPO on Wednesday and the company is expected to be listed on NYSE soon. The company is currenlty valued at $6 billion by analysts.

Oct 16, 2015 1:21 AM EDT

Anheuser-Busch InBev's takeover of SABMiller to realign global beer industry

Anheuser-Busch InBev's plan to acquire SABMiller Plc is expected to change the business dynamics in the global beer industry. This titanic takeover is considered to be the largest one this year and fourth largest takeover in the corporate history. Anheuser-Busch InBev is acquiring SABMiller for $104.2 billion. The deal is awaiting regulatory approvals.

Oct 15, 2015 10:56 PM EDT

First Data Corp. Raises $2.56 Billion in Initial Public Offering

First Data Corp. managed to raise $2.56 billion worth of shares, but is still lower than the expected at $16 a share.

Oct 15, 2015 10:53 PM EDT

Netflix blames 'involuntary churns' for dive in profits

Netflix said that the dropped in its subscriber for this quarter is mainly due to the "Involuntary Churns" when banks roll out new credit card for its customers. The company said in a letter to its shareholders after the company recorded a lower than expected revenue for its third quarter earnings.

Oct 15, 2015 8:41 AM EDT

Wal-Mart shares tumble as profit forecast to drop

Wal-Mart's stock tumbled on the Wall Street following the forecast of earnings drop in the range of 6-12 percent hammered down the market sentiment. Wal-Mart shares fell 10.04 percent or $6.70 to $60.03 indicating biggest fall in a day during the past three decades. The stock was already trading 22 percent lower before the latest drop.

Oct 15, 2015 8:31 AM EDT

Intel profit down as data center business stagnates

Intel Corporation reported the decreasement of its revenue on quarterly profit. The profit falls regarding to the weak demand for intel's chips used in personal computers. Intel said the business reduce is due to the low growth of data center business area in 2015.

Oct 15, 2015 4:41 AM EDT

Diageo sells US, UK wine biz for $552m to Aussie firm

UK alcoholic beverage giant Diageo Plc is selling its wine operations in the US and the UK for $552mn (euro483mn) to Treasury Wine Estate, an Australia-based company. Treasury Wine Estate is also in the process of acquiring Blossom Hill, Britain's second largest wine brand. The acquisition deal for Diageo is subject to the approval of UK regulator and also the US anti-trust review. The acquisition deal is expected to be completed in next three months.

Oct 14, 2015 10:53 PM EDT

South Korea's bonds volatile amid uncertainty over rates

Korean bond market has been volatile as they rose on account of US interest rate and fell owing to domestic rate of interest factor. The Korean bond market is witnessing upward and downward movement owing to varied hopes on interest rate changes. .

Oct 14, 2015 9:06 PM EDT

Asia stocks follow US shares amid China rout

Taking cues from the US markets, Asian stocks further moved lower for the second session. moderating inflation and slump in factory-gate prices in China's economy have impacted the bourses in negative way. Almost all the major Asian indices turned weaker.

Oct 14, 2015 9:01 PM EDT