Market News

Alibaba Group, China’s largest e-commerce business, has criticized a reported lawsuit filed Friday in New York by Gucci, Yves Saint Laurent and other brands owned by Kering SA that alleges it knowingly allows the sale ...

NetApp's hardware maintenance revenues have witnessed double digit annual growth in nine consecutive quarters. In the most recent quarter, the company witnessed a 10% y-o-y rise in hardware maintenance support contracts ...

This week, the Justice Department is expected to make a historic announcement: Major American banks are pleading guilty to criminal charges. After years of complaints over what watchdogs see as tepid bank punishments, fe...

Shen Guojun, the billionaire leader of China mall operator Intime Retail (Group), won’t seek re-election as chairman of the Alibaba Group-backed company, Intime said in a statement this morning.

The biggest beneficiary of China's stock-market rally has been the government. It has made billions in paper profits while hoping the gains ripple through the economy, helping it to overhaul debt-laden state-owned compan...

Steps to adopt a single mortgage-backed security move Fannie Mae and Freddie Mac further away from their past as privately run competitors.

The Dow Jones Industrial Average, S&P 500 and NASDAQ are higher on Monday afternoon. Some of the most actively traded stocks include AT&T (T) up 1.84%, Apple (AAPL) up 1.25%, Bank of America (BAC) higher by 1.04%, and Va...

Since January, 17 firms have raised around Rs6,212 crore via QIPs; last year, 32 firms had raised Rs31,684 crore

LIC has invested about Rs11,000 crore on a gross basis and at least Rs8,000 crore on a net basis in stocks since April

The bond market is a messy place right now and in a way that is to be expected. Governments have been buying them up, and this keeps the price up and interest rates low. But the boom days are over.

Despite the burgeoning top-line, Salesforce has failed to achieve a quarterly net profit since July 2011. In fiscal 2015, lower marketing and administrative expenses helped the company narrow its GAAP operating loss to -...

Apple's acquisition strategy has generally focused on small companies with niche technologies and talent that can be incorporated into its products, and this deal is no different. Maps and location technology represent a...

In 2014, Home Depot witnessed a 5.5% growth in revenues, with profits increasing almost 16%, even in the face of an infamous data breach that left credit and debit card details of close to 56 million customers compromise...

The company stated that its Q1 revenues increased by 5% to $2.512 billion from $2.391 billion in the year ago period, and comparable store sales also grew by 5%. After releasing the sales growth metrics, the parent compa...

Baytex Energy Corp. (BTE) reports that a cash dividend of $0.10 per common share in respect of May operations will be paid on June 15, 2015 to shareholders of record on May 29, 2015. The ex-dividend date is May 27, 2015.

The pay-TV industry saw significant activity this week, with an Appeals Court throwing out an FCC order which stated that media houses will share sensitive information about pay-TV carriage contracts as part of the commi...

The PowerShares S&P 500 BuyWrite Portfolio ETF (PBP) is seeing unusually high volume in afternoon trading Monday, with over 2.3 million shares traded versus three month average volume of about 191,000. Shares of PBP were...

In trading on Monday, the PowerShares Dynamic Biotechnology & Genome Portfolio ETF (PBE) is outperforming other ETFs, up about 1.8% on the day. Components of that ETF showing particular strength include shares of Achilli...

In trading on Monday, metals & mining shares were relative laggards, down on the day by about 2.4%. Helping drag down the group were shares of Arch Coal (ACI), down about 8.3% and shares of Peabody Energy (BTU) off about...

In trading on Monday, trucking shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of USA Truck (USAK), up about 3.3% and shares of Covenant Transportation Group (CVTI) up about 2.8% ...

Hundreds of farmers in Tanzania are abandoning crops of coffee and cotton due to changes in the local climate. Instead, they're planting more lucrative vegetables and flowers as temperatures rise and rainfall becomes les...

From dividends to growth opportunities, why vice stocks like cigarettes, alcohol and gaming can give a portfolio added buzz.