Result Page 64 for Latest Markets News & Archive

Markets

Yahoo to spin off Alibaba stake even without tax-free guarantee

Yahoo is pushing ahead with its plan to spin off its stake in Alibaba despite lacking a guarantee from the IRS that it would be tax-free. The Web search company has been facing mounting pressure to spin off its Alibaba stake, whose value has almost halved this year.

Sep 30, 2015 5:03 AM EDT

News

Online lender Avant Inc raises $659mn from JPMorgan, PE firms

Online lender Avant Inc has raised $325mn in a latest round of funding from PE firms including JPMorgan & Chase. The start-up will use the mobilized funds to expand globally. It offers loans to customers, who're below price consumers. The interest rate varies from 9% to 36%.

News

PlayStation is the third most intimate brand for millennials

PlayStation is on the third spot as the most intimate brands for millennials, according to MBLM's Brand Intimacy 2015 Report. It will be published on October 6.

World

Comcast to acquire majority stake in Universal Studios Japan

Comcast Corp. is acquiring a majority stake in Universal Studios Japan Co. for $1.5 billion. This is a milestone for the US cable company, which has been seeking opportunities for global growth, after failing to buy Time Warner Cable Inc. in April.

Nike, Under Armour top racers on Wall Street

Athletic apparel makers Nike and Under Armour have been doing very well on the Wall Street this year so far. Under Armours' stock rose 50 percent and Nike gained 27 percent of year-to-date (YTD) gains on the Wall Street.

Sep 29, 2015 9:31 AM EDT

Asia shares trade at three weeks low after new data from China was released

China released new data on declining companies profit on late Monday prompt fear among investors causing a significant selling action in early trade. This, together with a sharp drop in the Wall Street on Monday fuels concern among investors.

Sep 29, 2015 9:29 AM EDT

Qatar plans $35B investment in US market

Qatar Investment Authority (QIA) has earmarked $35-billion investment for the US market. As part of its global strategy on investments, Qatar is looking to investment opportunities in several sectors in the US economy. Qatar says it planned investment for next five years and this will create jobs for Americans.

Sep 28, 2015 10:35 PM EDT

Caterpillar's part suppliers are feeling the economic slowdown too

J-TEC and Acme Industries are among Caterpillar's biggest parts supplier that have been following Caterpillar footstep and reducing their workforce. Ever since Caterpillar sales went down, the company has pushed back some of its future parts orders causing a lost for these suppliers.

Sep 28, 2015 9:41 PM EDT

Oil traders stockpile at sea amid rising glut

The ever increasing surplus in oil production is boosting more demand for storage facility. The Contango opportunity is driving traders to store more oil on shore storage capacities. Many global oil companies and traders as well are booking tankers for next one year.

Sep 28, 2015 9:25 PM EDT

Bank of America sees signs of recovery in Russian economy

Russian economy is poised for a marginal recovery, predicts Bank of America. The corporate firms posted 43 percent growth in profits for the first half of 2015. The rise in proficts will translate into capital investments in the near future, say economists.

Sep 28, 2015 5:16 AM EDT

New H&M stores to open in China

Despite China's market slowdown, still investors take the risks to open business such as H&M. The clothing company will spread its brand awareness among Chinese consumers with hopes that it will be successful.

Sep 28, 2015 4:39 AM EDT

Coca-Cola disposes off nine U.S. bottling plants as new supply system arises

Coca-Cola Co. is planing to sell its nine US-based production facilities as part of the plan that could cut the costs and modernized operations.

Sep 28, 2015 4:33 AM EDT

IBM's Watson supercomputer is coming to Silicon Valley

IBM is building a new hub in Silicon Valley for its supercomputer Watson to lure start-ups and data scientists into using its cognitive computing platform. The innovation center is expected to open middle of next year.

Sep 28, 2015 1:37 AM EDT

Goldman Sachs leaves rivals far behind in M&A race

Goldman Sachs achieved a robust year of performance in mergers and aquisitions (M&As) space this year so far leaving its rivals far behind in terms of revenues and fees. Goldman Sachs earned a market share of 12.3 percent in M&A space globally, while JPMorgan and Morgan Stanley were left with market shares of 8.1 percent and 7.7 percent respectively.

Sep 27, 2015 8:44 PM EDT

US Fed Chair Janet Yellen hints at rate hike in 2015

The US Federal Reserve Chair Janet Yellen said she expects interest rate hike this year. The improvement in labor market is the prime reason that give much comforatble level for Fed to take a decision on raising rates. She also expressed her hope that inflation rate will reach to the government's target. the uncertainty over interest rates is causing weakness in the financial markets, she said.

Sep 25, 2015 7:36 AM EDT

Top Crowdfunding Sites For Entrepreneurs Looking to Make their Startups and Projects Come to Life

Crowdfunding is the next wave of raising money to make startups and projects come true for entrepreneurs and Forbes gives a list of the top crowdfunding sites out there.

Sep 24, 2015 8:54 PM EDT