Investors were given an update on the Alibaba IPO on Tuesday, when Yahoo! Inc. (Nasdaq: YHOO) reported second-quarter earnings. Yahoo owns a 24% stake in Alibaba Group Holding Ltd. ... Read More
A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans alleged they were deceived into buying and holding BP ... Read More
Apple is moving up to business class. And its seatmate will be IBM. In a deal that could deepen Apple’s sales to corporations and strengthen IBM’s position in business ... Read More
A gauge of U.S. consumer spending rose solidly in June, in the latest sign that the economy ended the second quarter on a firmer footing. That momentum appeared to ... Read More
The European Parliament has issued a press release announcing the election of Jean-Claude Juncker as Commission President. With 422 votes in favour, the European Parliament elected Jean-Claude Juncker in a ... Read More
Wall Street powerhouse Goldman Sachs’ earnings rose in the second quarter, defying pessimistic forecasts betting on a sharp drop-off. Strong results in Goldman’s investment banking and investing and lending ... Read More
Chinese e-commerce giant Alibaba Group Holding and Lions Gate Entertainment Corp, the studio behind the ‘Hunger Games’ films, will launch a subscription streaming service in China, the firms said ... Read More
The Central Bank of Cyprus acting under the authority vested in it by section 8(1) of the Business of Credit Institutions Laws of 1997 to (No. 4) of 2013, ... Read More
HM Customs and Revenue (HMRC) has published a list of more than 800 schemes that it believes are deliberately designed to avoid tax. The list consists of a series ... Read More
Imperial Tobacco Group (IMT.L) plans to buy U.S. cigarette brands including Winston and Kool for $7.1 billion as part of Reynolds American’s (RAI.N) $27.4 billion purchase of Lorillard (LO.N). ... Read More
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