Apple Inc’s China business experienced “strong growth” in July and August, Chief Executive Tim Cook told CNBC on Monday, seeking to assuage investor concerns over the company’s prospects in a market considered critical for its growth. IPhone activations in China had accelerated over the past few weeks and the App Store in China had its best performance of the year over the past two weeks, Cook told CNBC in an
By Josephine Mason TORONTO (Reuters) – Larry Flynt, a defender of free speech and sexual freedom if there ever was one, has this advice for anyone worried by the hack of infidelity site Ashley Madison: Muzzle yourself. It might be too late for many people who, lured by a supposed cloak of digital anonymity, have shared their innermost wishes, fetishes and fantasies on hook-up and porn sites. In exposing the
RainDance Technologies Inc, a maker of gene-based tools to detect cancer and inherited diseases, said it planned to withdraw its initial public offering due to adverse “market conditions”. The move by RainDance, which filed for an IPO of up to $60 million in February, comes on the day of a sell-off in global equities following a slump in Chinese stocks.
(Reuters) – A BT Group Plc executive has called for the United States to require its telecommunications companies to allow access to their networks at regulated prices, similar to rules in place in the United Kingdom, the Financial Times reported on Sunday. Bas Burger, president of the British company’s Americas unit, told the newspaper that a lack of regulation has hampered competition in the United States, where AT&T Inc and
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Wall Street dropped on Monday in tumultuous action as traders aggressively sold stocks and bid-up only the safest asset classes.
If losses in the U.S. stock market worsen, keep in mind there might be a 15-minute break. The New York Stock Exchange said it will halt trading for 15 minutes if the Standard & Poor’s 500 Index drops 7 …
There are a few things to consider as red fills quote screens this morning.
The FTSE 100 slumped to its lowest level in almost three years on Monday, with all individual stocks in the red and miners leading the slide on growing fears of a China-led global economic slowdown. Alarm bells rang across world markets after a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors. “There is a snowball effect happening, with margin calls
Well, that was fun while it lasted. For years, investors in U.S. stocks shrugged off threats — a government shutdown, fear of a euro collapse, a near U.S. debt default — and just kept on buying. At the …
