Posts From King World News
HELSINKI (Reuters) – Nokia is buying U.S. company Eden Rock Communications to boost its offering in its mainstay telecoms network equipment business, the Finnish company said on Wednesday. Nokia did not disclose the value of the deal but said the transaction is expected to be completed in the third quarter of the year. Nokia said Eden’s products provide automation, performance improvements and reliability to mobile broadband networks. (Reporting By Jussi
By Sue-Lin Wong SHANGHAI (Reuters) – Despite being blocked in China, Twitter is courting Chinese companies to buy advertising space on its service used by more than 300 million people elsewhere in the world. “It’s not a coincidence that we are here now,” Peter Greenberger, director of sales for emerging markets at Twitter, told Reuters on Tuesday. “This seems to be a moment in time where Chinese corporations really feel
Chinese microblog Weibo Corp will invest $142 million in China’s dominant taxi-hailing firms Didi Taxi and Kuaidi Taxi, a U.S. Securities and Exchange Commission filing showed. Weibo said in the filing on Tuesday that it had agreed to invest in the two Chinese companies in the latest round of financing through its Cayman Islands holding company Xiaoju Kuaizhi Inc, a move that will help lure in riders and fend off
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
As Fed officials try to ease Wall Street into the rate-hiking process, it’s really the generous credit markets that hold the key for stocks.
Carl Icahn’s widely dissected bull case on Apple overlooks one key assumption: a dovish Janet Yellen continuing to delay a rate increase.
Snapchat’s young CEO Evan Spiegel said that years of near-zero interest rates have led people to make “riskier investments” than they otherwise would.
FIFA’s reputation for corruption has reignited spectacularly two days before a presidential election expected to give Sepp Blatter four more years at the head of world soccer. Dawn raids by Swiss federal …
Former Fed Chairman Ben Bernanke said that China’s economic slowdown should not worry markets as there was no risk of a hard landing, and emphasized that a move to raise U.S. rates should be viewed as a positive sign.
Michael Kors’ stock plunged more than 10 percent in premarket trading after the seller of handbags, clothing and accessories issued a weak outlook and said sales are being pressured by foreign currency …
