Some of the names on the move ahead of the open.» Read More
U.S. stocks closed lower, after a failed attempt to rally, as investor confidence waned amid continued concerns about China and global growth.
Matt Hougan, president of ETF.com, believes five new ETFs provide compelling buying opportunities right now.
As slowing global growth weighed on markets around the world Friday, two portfolio managers saw opportunities abroad in spite of those concerns.
The 10 largest U.S. hedge funds moved out of China amid recession fears and snapped up more healthcare and pharmaceutical stocks than any other industry in Q2.
As China's market fell, money managers sold shares of Alibaba and Baidu, two of the largest U.S.-listed Chinese tech companies, the New York Times reports.
Despite the three U.S. Web giants failing to crack China, Priceline seems to be succeeding. Thus far, anyway.
*Alibaba investing $4.6 bln in Suning Group. BEIJING, Aug 12- "Tragedy"- that was Alibaba Group Holding Ltd founder Jack Ma's prediction for the fate of rival JD.com Inc in comments published earlier this year. Analysts say the main draw for Alibaba is likely to be Suning's logistics network, which it says covers nine-tenths of China's counties, helping it compete...
BEIJING, Aug 12- "Tragedy"- that was Alibaba Group Holding Ltd founder Jack Ma's prediction for the fate of rival JD.com Inc in comments published earlier this year. On Monday, Alibaba signalled it is no longer writing off its smaller competitor, making a $4.6 billion investment to give it more traction in two areas JD.com does well in: logistics and electronics.
BEIJING, Aug 10- Alibaba Group Holding Ltd will invest $4.6 billion in top-tier Chinese electronics retailer Suning Commerce Group Co Ltd, its biggest step yet into China's burgeoning alliances between online and offline firms. Alibaba is paying 28.3 billion yuan for a 19.99 percent stake in Suning, which will in turn invest 14 billion yuan to acquire 1.1...
Companies that hit the sweet spot in China's changing growth landscape are the place to be now, not some of the former favorites, analysts say.
*Audi, BMW, Mercedes to buy Nokia's HERE. FRANKFURT/ HELSINKI, Aug 3- German carmakers BMW, Audi and Mercedes, will pay around 2.5 billion euros to buy Nokia's maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW and Audi will each hold an equal stake in the business, known as HERE, keeping it from falling into the hands of a...
SoftBank is eschewing investments in early-stage firms in favor of mature companies in a strategy shift under the helm of President Nikesh Arora.
Some of the names on the move ahead of the open.
BEIJING, July 30- Baidu Inc, China's biggest internet search engine company, said on Thursday it will buy back shares worth $1 billion after the company's stock price slid following a weak earnings report earlier this week. The repurchases will take place over the next 12 months and be funded from the company's existing cash balance, New York- listed Baidu said in a...
BEIJING, July 30- Baidu Inc, China's biggest search engine company, said on Thursday it will repurchase $1 billion of its shares, after the company's stock price was hammered by investors following weak earnings results on Monday.
U.S. stocks closed about 1 percent higher as investors cheered some recovery in oil prices, amid mixed earnings and the beginning of the Fed meeting.
Baidu CEO Robin Li sees lots of investment opportunities in the Chinese economy.
*Baidu slumps after results miss expectations. China's top securities regulator said on Monday that Beijing would keep buying shares to stabilize the market, after the steepest decline in Chinese stocks in eight years. Baidu slumped as much as 17.7 percent to $162.72 after China's biggest Internet search company's quarterly profit missed estimates.
*Baidu slumps after results miss expectations. Baidu slumped as much as 17.7 percent to $162.72 after China's biggest Internet search company's quarterly profit missed estimates. United Parcel Service rose 3.9 percent to $98.85 after the company's quarterly profit rose.
*Baidu slumps after results miss expectations. The Nasdaq composite opened higher but turned negative shortly, dragged down by Baidu's 14.6 percent slump after China's biggest Internet search company's quarterly profit missed estimates. Wall Street sank on Monday after the steepest decline in Chinese stocks in eight years increased concerns about...