What did Google just do?
On Monday, Google surprised the market with a huge corporate restructuring announcement. But what exactly did the company do and why should investors care?
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Dow falls triple digits on surprise yuan devaluation; Google jumps
U.S. stocks traded lower after a surprising move overnight by the People’s Bank of China to depreciate the yuan by nearly 2 percent.
Symantec to sell Veritas to Carlyle-led group for $8 billion
(Reuters) – Norton antivirus maker Symantec Corp said it would sell its data storage business, Veritas, for $8 billion in cash to a group including Carlyle Group LP and Singapore’s sovereign wealth fund GIC. Symantec’s shares rose about 7 percent in premarket trading on Tuesday. Symantec said it expected to receive about $6.3 billion in net cash proceeds from the deal, which is expected to close by Jan. 1.
China devaluation hits stocks, boosts US dollar on currency war fears
China’s shock 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis.
China devaluation hits stocks, boosts US dollar on currency war fears
China’s shock 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis.
Police search Uber offices in Hong Kong and arrest five drivers
Police raided the Hong Kong offices of taxi-hailing service Uber Inc on Tuesday and arrested five drivers for the “illegal use of vehicles for hire”, police said. A Hong Kong police senior inspector, Bruce Hung, said undercover police officers had used a mobile phone app to hail five cars, and after being driven to their destinations, arrested the drivers. Police also conducted a search of two offices in Hong Kong
Feds: Group made $30M with hacked press release information
A group of Ukrainian hackers worked with securities traders in the U.S. to make $30 million by breaking into the computers of companies that put out corporate press releases and trading on the information …
Feds: Group made $30M with hacked press release information
A group of Ukrainian hackers worked with securities traders in the U.S. to make $30 million by breaking into the computer systems of companies that publish news releases about publicly traded companies …
Toshiba to write down over $800 million after accounting probe: Nikkei
Toshiba Corp plans to book more than 100 billion yen ($802 million) in impairment charges for the last fiscal year in addition to marking down past results following an accounting investigation, the Nikkei business daily reported on Tuesday. The impairment charges include a more conservative estimate of Toshiba’s Westinghouse nuclear business and reflect weakness in its semiconductor and appliances units, the Nikkei said, without citing sources. It said the financial
U.S. productivity rises in second quarter, but trend still soft
U.S. non farm productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated. Productivity increased at a 1.3 …