Posts From King World News

Alibaba gets more bang for its buck as revenue growth tops forecasts

(Reuters) – China’s Alibaba Group Holding Ltd is squeezing more money from online shopping than expected, beating analyst forecasts for revenue growth and putting its shares on track for their biggest daily rise since the firm’s blockbuster flotation. “Mobile is the trend and Alibaba is capturing that trend,” said T.H. Capital Research analyst Tian Hou. Alibaba’s New York-listed shares were up 6 percent in morning trade.

Cyber data-sharing measure headed for U.S. Senate approval

By Dustin Volz WASHINGTON (Reuters) – Sharing of computer data on cyber threats between the private sector and U.S. government would increase under legislation expected to win Senate approval on Tuesday despite objections of privacy advocates who fear excessive government surveillance. Two related measures won approval in the House of Representatives earlier this year and must be reconciled with the Senate bill before final legislation goes to President Barack Obama.

Exclusive: Wal-Mart seeks to test drones for home delivery, pickup

By Nathan Layne CHICAGO (Reuters) – Wal-Mart Stores Inc applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it plans to go head-to-head with Amazon in using drones to fill and deliver online orders. The world’s largest retailer by revenue has for several months been conducting indoor tests of small unmanned aircraft systems – the term regulators use

T-Mobile's revenue, profit miss estimates

T-Mobile US Inc reported lower-than-expected quarterly revenue and profit as the company’s initiatives such as lower-priced plans to attract monthly users away from competitors took a toll on earnings. T-Mobile’s branded postpaid average revenue per user fell to $47.99 in the third quarter ended Sept. 30, from $49.84 a year earlier, and net customer additions were flat at 2.3 million. “If T-Mobile is getting more customers on family plans, which