Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil» Read More
TOKYO, Feb 12- SoftBank Corp, which runs Japan's third-largest mobile carrier by subscriber numbers, reported a dip in third-quarter net profit after a string of acquisitions incurred steep integration costs. The company, whose mobile arm lags those of NTT DoCoMo Inc and KDDI Corp in Japan, is now reportedly on the hunt for U.S.
One ranks among the greatest wealth creators of all time. The other has made investing during crisis an art form. Who has mattered more?
The book, "Enough: Our Fight to Keep America Safe From Gun Violence," builds on an opinion piece by Giffords published last April in The New York Times after gun control legislation stalled in the U.S. Senate, according to a statement from Scribner, the publisher.
Feb 10- China's top insurance regulator directly asked JPMorgan Chase& Co CEO Jamie Dimon to hire a family friend as a "favor," The New York Times reported, citing a confidential email. At the time of that meeting, JPMorgan was seeking lucrative work from Chinese insurance companies, the newspaper said.
HONG KONG, Feb 10- Swiss bank UBS AG has put two bankers on leave as part of an internal investigation into the hiring of a close relative connected to a potential Chinese corporate client, IFR reported on Monday.
Feb 6- News Corp, publisher of the Wall Street Journal, reported a 4 percent decline in quarterly revenue on weaker advertising at its newspapers, but cost cuts helped push profit well ahead of analysts forecasts. Shares in News Corp rose 4 percent in after-hours trading after closing at $16.02 on Thursday.
Feb 6- Notable shortsellers including Doug Kass, who runs Seabreeze Partners Management, are making a tidy profit off of the furious surge in Green Mountain Coffee Roasters shares, but longtime detractors of the stock aren't likely to have been so lucky.
Some of Thursday's midday movers:
Dow Jones' institutional revenue fell by $11 million in the three months ended Sept. 30, according to the fiscal first quarter results of parent News Corp, which did not provide the total figure. Figures for the December quarter have not been disclosed ahead of News Corp's results report on Thursday.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
While firms such as carmaker BMW have abandoned plans to increase their local presence due to unstable labour relations, U.S. hotel group Marriott International is piling in to a country whose stunning mountains, beaches and wildlife parks draw more than 9 million tourists a year.
WASHINGTON, Jan 27- U.S. and British intelligence agencies have plotted ways to gather data from Angry Birds and other smartphone apps that leak users' personal information onto global networks, the New York Times reported on Monday.
NEW YORK, Jan 24- Jamie Dimon, chairman and chief executive of JPMorgan Chase& Co, got a 74 percent pay increase for 2013, when $20 billion of legal settlements weighed on the bank's income. Most employees at JPMorgan did not get pay increases for 2013 because profits declined as a result of high legal bills to settle government and private claims against the bank.
Jan 24- JPMorgan's board voted to raise Chief Executive Jamie Dimon's annual compensation for 2013, a turnaround from last year when it slashed his compensation by half in light of a trading debacle, the New York Times reported.
NEW YORK, Jan 22- Morgan Stanley, rebuffed late last year by Puerto Rico officials over an offer to arrange a high-cost loan of up to $2 billion for the cash-strapped commonwealth, is now trying to pique investor interest in backing the idea, according to people briefed on the matter.
WASHINGTON, Jan 22- The White House is not considering a financial bailout for Puerto Rico, where chronic fiscal challenges have raised the specter of a Detroit- like bankruptcy, an Obama administration official said on Wednesday. Puerto Rico already pays the highest interest rates of any big municipal bond issuer.
Jan 21- New York Governor Andrew Cuomo and Eric Schneiderman, the state's attorney general, have reached an agreement on how to divide a portion of the $613 million that the state received as part of a settlement with JPMorgan, the New York Times reported.
WASHINGTON, Jan 18- The Obama administration is delaying enforcement of a provision of the new healthcare law that prohibits employers from providing better health benefits to top executives than to other employees, the New York Times reported on Saturday.
NEW YORK, Jan 17- New York Attorney General Eric Schneiderman has abandoned his effort to obtain damages from Bank of America Corp over its purchase of Merrill Lynch& Co, but plans to press on with the case, his lawyers said in court on Friday.
Jan 17- Hackers breached the computer networks of luxury department store chain Neiman Marcus as far back as July, an attack that was not fully contained until Sunday, the New York Times reported, citing people briefed on the investigation.