(Reuters) – Alibaba Group Holding Ltd is set to launch a U.S. e-commerce website through its subsidiaries Vendio and Auctiva, which are in turn part of the Alibaba.com business group, the company told Reuters on Tuesday. The 11 Main (11main.com) site is…
(Reuters) – Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis. Britain’s…
(Reuters) – Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.” In her first public comments…
(Reuters) – The developer of Flappy Bird, currently the most popular free mobile game on Apple App Store and Google’s Android Play store, has announced that he is taking the game down at midnight (1700 GMT) on Sunday. Nguyen Ha…
ZURICH Sat Feb 8, 2014 12:10pm EST (Reuters) – Nestle, the world’s biggest food company, is looking at ways to reduce its $30 billion stake in cosmetics firm L’Oreal , Bloomberg reported on Saturday, citing sources with knowledge of the…
By Angela Moon NEW YORK Fri Feb 7, 2014 7:58pm EST (Reuters) – After the S&P 500’s first weekly gain in a month, investors will see next week whether the U.S. stock market’s rally of the last two days is…
(Reuters) – Asian shares regained a measure of stability on Friday, stepping further away from five-month lows after a strong rally on Wall Street and hopeful signs the upcoming U.S. payroll report could put some global growth concerns to rest.…
MANILA, Feb. 6 (PNA) — The Philippine stock market finished slightly higher along with other Asian bourses, extending its gains for a second day on Thursday, following the positive closings from Wall Street. The benchmark Philippine stock exchange index (PSEi)…
(Reuters) – Media company Walt Disney Co reported higher profit for the quarter that ended in December, beating Wall Street expectations with growth at sports network ESPN and the strong performance of its animated hit film “Frozen.” The company posted…
(Reuters) – Aston Martin is recalling most of its sports cars built since late 2007 after discovering a Chinese sub-supplier was using counterfeit plastic material in a part supplied to the luxury sports carmaker. Aston Martin, which is owned by…
