The ongoing crisis at Yahoo may now have tempted some new parties including Singapore’s Temasek as well as Bain Capital, joining other parties said to include Facebook, Microsoft, Providence Equity Partners and Alibaba Group.
India's software services companies are set to report strong revenue growth when they kick off their quarterly earnings next week. However, a slowing U.S. economy and the debt crisis in Europe may crimp orders.
Hedge fund manager John Paulson lost more money in September thanks to ill-timed bets on an elusive economic recovery that left one of his biggest funds off 47 percent, two people who saw the numbers said on Saturday.
Turmoil in the stock market has “frozen” initial public offerings by technology companies and could harm development and job growth, National Venture Capital Association President Mark Heesen warned.
It is said that behind every successful man there is a woman. This seemed right in the case of Steve Jobs.
Mortgage Rates Reach An All-Time Low: A Financial Tragedy
Steve Jobs is survived by his wife Laurene Jobs, who was the love of the Apple co-founder's life.
A draft proposal of the Volcker rule that cracks down on banks' proprietary trading gives firms flexibility to hedge risk, and sets stringent limits on such trading beyond U.S. borders to address fears the rule will put U.S. firms at a disadvantage.
Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008, sources close to the situation said on Wednesday.
In 2008, Microsoft tried -- and spectacularly failed -- to buy Yahoo at a price of $33 per share, which valued the company at about $47.5 billion. Yahoo now has a market cap of about $20 billion and is trading at just under $16 per share.
The euro zone's services sector shrank for the first time in two years in September as new orders dried up, stoking fears that the region's economy could be heading back into recession.
South African share prices rose on Wednesday with investors snapping up stocks they felt had been over-sold and as positive sentiment seeped back into global markets after Europe said it would protect the region's lenders from the euro zone crisis.
Goldman Sachs Group Inc. has predicted recessions in France and Germany as the European debt crisis persists. It believes that both AAA-rated countries have the potential for downgrades in the future.
Yahoo Inc's long-time advisers Goldman Sachs Group Inc and Allen & Co are preparing to give potential buyers financial information, in a sign the troubled Internet giant is ready to put itself on the block, sources close to the situation said.
Big U.S. stocks are providing some shelter from cascading world equity markets but they are far from a safe haven.
Gold prices turned lower on Tuesday, surrendering early gains as it was caught up in hefty losses across the financial markets due to heightened concerns over the prospect of a Greek default.
Gold prices will rise later this year and into next year, Goldman Sachs said Tuesday, in a note expressing relative optimism about the near-term prospects for the global economy.
Uncertainty over Yahoo may have attracted interest from Russia’s Digital Sky Technologies as well as from China’s Alibaba Group and Silver Lake Partners.
U.S stock futures are down on Tuesday as Eurozone debt crisis fears intensified on authorities’ inability to step up and calm the situation.
Gold prices fell Tuesday, weighed down by panicking investors preparing for the fallout of a Greek sovereign debt default -- damage to European banks and falling business activity on the continent and perhaps the U.S. -- by dumping stocks and abandoning the euro and buying dollars.
Starbucks announced Monday that it was teaming up with Opportunity Finance Network to launch Create Jobs for USA, which will pool donations for Starbucks customers, partners (employees) and concerned citizens into a nationwide fund for community business lending. This follows a trend that other companies, such as McDonald's, have taken to give back to the community while also boosting sales .
Canada wants its central bank governor, Mark Carney, to become head of the Financial Stability Board, the country's finance minister said on Monday days after a highly publicized clash between Carney and one of the world's most powerful bankers.
