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By Nivedita Bhattacharjee and Sumeet Chatterjee MUMBAI (Reuters) – Alibaba Group Holding is in talks with India’s Micromax Informatics to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world’s fastest growing markets for the devices, several people with direct knowledge of the matter said. The deal, if completed, would see Alibaba investing as much as $1.2 billion in
Microsoft Corp currently is not weighing an offer for Salesforce.com Inc , two people familiar with the matter said on Thursday, dampening speculation that Microsoft could be drawn into bidding for the cloud software company. Bloomberg News, citing people with knowledge of the matter, reported earlier this week that Microsoft was evaluating a bid for Salesforce after the latter was approached by another unnamed would-be buyer. Microsoft considers Salesforce’s current
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April’s 223,000 nonfarm payrolls were strong enough to signal a rebound, but weak enough to hold off Fed rate hikes until the second half of the year.
Sports shoe maker Nike Inc put its weight behind President Barack Obama’s push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 U.S.-based manufacturing jobs if the pact is approved. In an announcement coinciding with a visit by Obama to Nike’s Oregon headquarters, the company said footwear tariff relief within the proposed 12-nation Trans Pacific Partnership trade agreement would allow it to
Tesla is already building a 5-million-square-foot battery factory. Anyone can go online and place a reservation, years in advance, with no money down and no commitment to buy.
For individual investors, it’s time to steer clear of the market, warns the Head of equity trading at Wedbush Securities.
U.S. stocks rose after a rebound in hiring last month bolstered optimism that economic growth is accelerating, but not fast enough to warrant higher interest rates in June.
Jim Paulsen, chief investment strategist at Wells Capital Management, says the government’s April jobs report was not as strong as it appeared.
Same-store sales at McDonald’s restaurants globally fell 0.6 percent in April, its 11th straight monthly decline. Same-restaurant sales grew 1 percent in Europe, as gains in the United Kingdom and Germany offset declines in the key markets of France and Russia amid economic volatility in the region. Shares of the world’s biggest restaurant chain were up 2 percent at $98.72 in morning trading, mirroring a rally in U.S. stocks following
