Alibaba's big debut on the NYSE: 10 things to know why its IPO made history
Sep 20, 2014 at 12:17 | Source:
NEW YORK: China's e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history: THE BIGGEST: Alibaba raised $21.8 billion in its d...
Alibaba surges 38% on massive demand in market debut
Sep 20, 2014 at 05:42 | Source:
NEW YORK: Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning midd...
Mutual fund scheme launched for NRI investors in Oman
Sep 16, 2014 at 15:25 | Source:
DUBAI: A new mutual fund scheme for NRI investors in Oman has been launched by an Indian asset management company. The mutual fund, Select Micro Cap Series VI launched by Sundaram Asset Management Company, is for a 42-month period and 75 per cent of ...
Move over Sensex, Nifty, say experts; stocks that can return upto 46%
Sep 10, 2014 at 13:57 | Source:
NEW DELHI: India is in a multi-year bull market with both the Sensex and the Nifty hitting fresh record highs almost on a daily basis. But, is chasing the index the right strategy for individual investors or should they follow diversification approac...
EXCLUSIVE - Wife defines stakes in Oklahoma divorce: $17 billion
Aug 15, 2014 at 23:30 | Source:
OKLAHOMA CITY (Reuters) - More than $17 billion of Oklahoma oilman Harold Hamm's fortune could be subject to division with his estranged wife, according to an economic analysis presented in their divorce trial, defining the stakes in one of the bigge...
Easier loan norms, single-window clearance for MSMEs on anvil
Jun 26, 2014 at 13:02 | Source:
NEW DELHI: The government is working on simplifying procedures related to obtain loans, raw material, marketing, labour laws, and acquiring approvals through a single-window clearance mechanism to encourage participation of small entrepreneurs in th...
Viewpoints: What should capitalism do?
May 28, 2014 at 05:52 | Source:
Men and women who hold some $30 trillion (£17.8 trillion) of assets under management - that's one third of the world's investable assets - will gather in London on Tuesday. Their purpose? To discuss practical ways to renew the capitalist s...
Could diamond be the new gold for traders?
May 20, 2014 at 07:11 | Source:
By Nathaniel Popper A small number of investment professionals around the world are competing behind the scenes to turn the gem into a commodity that would be available to investors in the way that gold has been traded through funds on exchanges. Tra...
9 stocks owned by honor-roll newsletter writers
May 17, 2014 at 05:22 | Source:
The “Prudent Speculator” isn’t for the faint of heart. The investment newsletter, edited by John Buckingham, has the best average annual return over the past 20 years of the 200 advisory services monitored by the “Hulbert Financial Digest”...
Pandora valuation may rise with Apple-Beats deal
May 09, 2014 at 22:27 | Source:
SAN FRANCISCO (MarketWatch) — Whenever the talk comes around to Apple Inc. and the market for streaming music, inevitably all eyes fall upon what effect Apple’s plans may have on Internet-radio leader Pandora Media Inc. And with Apple (NASDAQ:AA...
New Govt. can raise Rs 1 lakh crore by divesting in top 10 PSUs: ASSOCHAM
May 09, 2014 at 18:17 | Source:
The new government can easily raise Rs 1 lakh crore by divesting 10 percent or more of stake in top 10 PSUs, including ONGC, Coal India and NTPC to overcome the immediate problems of budgetary revenue in the face of economic slowdown, a study by ASS...
Apple shares top $600 ahead of stock split
May 06, 2014 at 05:16 | Source:
SAN FRANCISCO: Apple shares on Monday climbed above $600 ahead of a stock split and as the company ramps up its stock buy-back program. Apple shares traded at $600.96 a share at the close of trading on the NASDAQ exchange and edged up to $602.20 aft...
3 signs this market is in trouble
May 04, 2014 at 18:02 | Source:
The market has moved into an odd dichotomy. On one hand, the mega-cap stocks in the Dow Jones Industrial Average (average market capitalization is $126 billion ) just pushed to a new all-time closing high. But the rest of the market remains in the d...
Twitter stock slumps 50%, but Goldman, Deutsche Bank say it's a 'buy'
May 02, 2014 at 11:22 | Source:
Twitter Inc investors who heeded the advice of high-profile banks such as Goldman Sachs Group Inc and Deutsche Bank AG to buy the social media company's shares might be kicking themselves. Much more accurate calls were made by Wells Fargo, Atlantic E...
Pre-market: Nifty seen opening flat; may retest 6800 levels
Apr 25, 2014 at 08:36 | Source:
NEW DELHI: The 50-share Nifty index is expected to open flat on Friday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 6800 in trade today. At 07:30 a.m., N...
Wall Street flat as Ukraine offsets Apple rally
Apr 24, 2014 at 21:41 | Source:
NEW YORK: US stocks were flat in volatile trading on Thursday, with indexes cutting early gains on a resurgence of concerns related to Ukraine, though Apple jumped following its results. Markets had opened higher, with the Nasdaq especially gaining o...
Ackman, Valeant Team Up to Pursue Takeover of Botox Maker Allergan
Apr 22, 2014 at 16:07 | Source:
Wall Street Journal
The deal, if successful, would create a behemoth in the global eye-care and skin-care drug industries. Each company has a stock-market capitalization of more than $40 billion. Laval, Quebec-based Valeant, which owns brands such as Bausch & Lo...
Reliance earnings crimped by weak refining business
Apr 20, 2014 at 01:37 | Source:
NEW DELHI-- Reliance Industries Ltd., India’s second largest company by market capitalization, said on Friday that its earnings were little changed in its fiscal fourth quarter, as the sliding profit in its refining and upstream oil and gas busine...
5 undiscovered banks that provide high stock returns
Apr 17, 2014 at 04:52 | Source:
Earnings season for the nation’s largest banks has been a mixed bag, with a weak quarter and stock slide for J.P. Morgan Chase & Co. (NYSE:JPM) , a solid start to the year for Wells Fargo & Co. (NYSE:WFC) , and a pleasant surprise for the cheaply ...