Enter the dragon: China's Alibaba set to invest about $1 bn in Micromax
Jun 25, 2015 at 14:58 | Source:
Chinese e-retailing giant Alibaba is set to invest about $700 million - $1 billion in Micromax, valuing the Indian handset maker at about $3.5-5 billion, say media reports. This will be the second stake deal by the Chinese company in India after it b...
Alex Stamos quits Yahoo, to join Facebook as chief security officer
Jun 25, 2015 at 11:06 | Source:
Alex Stamos, the CISO at Yahoo has moved on to become Chief Security Officer at Facebook. Updating this development on a Facebook post, Stamos mentioned how the Internet has been an incredible force for connecting the world and giving individuals acc...
Two Indian-origin women among Forbes' richest self-made women
May 29, 2015 at 12:23 | Source:
New York: Two Indian-origin women have made it to Forbes inaugural list of Americas 50 richest self-made women, sharing the honour with high-achievers such as Facebook COO Sheryl Sandberg, media mogul Oprah Winfrey and singer Beyonce.India-born Neerj...
Verizon Communications set to buy AOL for $4.4 bn
May 12, 2015 at 21:29 | Source:
Verizon Communications Inc said on Tuesday it will buy AOL Inc for $4.4 billion, turning the biggest US wireless carrier into a leading provider of content and video for the web and mobile phones.The $50-per-share offer represents a premium of 17.4 p...
Wall Street ends stronger as global debt worries fade| Reuters
May 08, 2015 at 02:45 | Source:
(Reuters) - U.S. stocks ended higher on Thursday, helped by a jump in tech stocks and a reversal in surging global interest rates.Strong quarterly results from Alibaba as well as speculation that consumer review website Yelp.com could be for sale dro...
Wall St mixed as positive jobs data offsets bond rout| Reuters
May 08, 2015 at 01:45 | Source:
REUTERS - Wall Street was mixed in choppy trading early on Thursday as better-than-expected U.S. jobs data led to U.S. Treasuries trimming their gains, giving the markets some relief from the rout in global bond markets.The number of Americans filing...
Wall Street climbs as global debt worries recede| Reuters
May 08, 2015 at 00:45 | Source:
(Reuters) - U.S. stocks moved higher on Thursday afternoon, helped by a jump in tech stocks and a reversal in surging global interest rates.Strong quarterly results from Alibaba as well as speculation that consumer review website Yelp.com could be fo...
Wall Street higher on positive jobs data; tech stocks rebound| Reuters
May 08, 2015 at 00:15 | Source:
REUTERS - U.S. stocks moved higher on Thursday afternoon, helped by strong results from Alibaba, a rebound in tech stocks and as upbeat jobless claims data indicated the labor market was improving despite moderate economic growth.The three major indi...
Wall Street rises on positive jobs data; tech stocks rebound| Reuters
May 07, 2015 at 23:15 | Source:
REUTERS - Wall Street rose in late morning on Thursday after choppy trading earlier in the session as U.S. jobless claims came in stronger-than-expected and technology stocks rebounded.The number of Americans filing new claims for unemployment benefi...
Yahoo's profit, revenue miss Street forecasts as costs rise | Reuters
Apr 22, 2015 at 04:15 | Source:
(Reuters) - Yahoo Inc (YHOO.O) missed Wall Street's revenue and profit forecasts as slight growth in its online advertising businesses was outweighed by higher payments to websites which send readers to Yahoo.The company's shares fell about 1 percent...