When Alibaba announced it was giving away subsidiary Alipay (a leading Chinese online payment platform) to a separate company controlled by Alibaba CEO Jack Ma, Yahoo! investors balked.
Hollywood is on global expansion overdrive, with the international box office racking up a larger percentage of overall film revenues than ever before.
China has ordered companies that have issued bonds to submit any asset restructuring plans to bond holders for approval, sources said, as Beijing steps up its efforts to rein in the risks from a mounting pile of local government debt.
The world's population will surpass seven billion people by the end of 2011 and ten billion by 2100, but can earth sustain that many people? Demographers are concerned that explosive population growth in the developing world could drain the earth's resources and threaten global economies.
U.S. gross domestic product (GDP) rose just 1.3 percent in the second quarter and a scant, revised 0.4 percent in the first quarter -- statistics that reveal a U.S. economy that's not only growing at a very slow rate, it's in danger of falling back into a recession.
The U.S. economy grew at a slow-crawl pace in the first half of this year, slower than economists had expected. Unemployment remains high also. Until companies stop hoarding cash and start hiring again, the environment isn't likely to change soon.
Long-term investors are losing patience with companies that fail to maximize value as the slowing recovery whittles away returns, with some calling for greater financial rewards for loyalty or takeovers that put growth targets back on course.
It took a two week-long cottage cheese rebellion to get Israelis to question the power of the country's tycoons.
Most financial advisers are holding a lot of hands this week. Many of their clients, with the horrors of the financial crisis so fresh, are getting scared by the possibility of a United States' debt default.
James Murdoch was unanimously confirmed as chairman by BSkyB's board, winning a reprieve from a phone-hacking scandal that threatens to draw him into multiple investigations, two sources briefed on the board meeting told Reuters.
Four IPOs were received with varying levels of interest on their market debut, signaling that investors were being very selective of where they want to put their money.
To be sure, long-term, the U.S. budget deficit must be eliminated. But if policy makers cut federal spending too much, too soon during a period of weak demand, the result will be another recession.
James Murdoch was unanimously confirmed as chairman by BSkyB's (BSY.L) board, winning a reprieve from a phone-hacking scandal that threatens to draw him into multiple investigations, two sources briefed on the board meeting told Reuters.
Jeffrey Gundlach tried to steal a business worth hundreds of millions of dollars after he failed to become the head of his former employer, Trust Company of the West, an attorney for TCW said in court on Thursday.
South Africa's rand slipped on Thursday after posting strong gains this week, while bond prices fell on concerns over the U.S. debt standoff and stocks fell for the fourth straight day.
Sprint Nextel posted second-quarter profit margins well below Wall Street estimates, sending its shares down 16 percent as the No. 3 U.S. mobile provider still lost more subscribers than expected despite spending heavily to fight off rivals.
Zambian President Rupiah Banda dissolved parliament on Thursday and set September 20 as the date for elections that are likely to hand him and his Movement for Multi-party Democracy (MMD) another five years in power in Africa's biggest copper producer.
Scorpex has entered into a deal with IET to install and operate waste gasification equipment in Mexico.
Toronto's main stock index plunged more than 2 percent on Wednesday to its lowest point this month as weak U.S. data and a looming deadline for raising the U.S. debt ceiling sent investors searching for safety.
MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.
It is understandable that foreign investors have been losing confidence with the U.S.?s ability to deal with its debt issue
Carbon market participants said revisions to key rules may not be enough to ensure that trading in secondary offset markets in California is liquid and stable.