Chinese e-commerce giant Alibaba Group Holding Ltd is freezing hiring for the rest of the year because it has grown “too quickly”, Executive Chairman Jack Ma told staff. “Alibaba has really developed too quickly … this year our entire group headcount will not go up by one person,” Ma said, according to a transcript of the April 23 speech carried on Alibaba’s official messaging app Laiwang. The hiring freeze came
By Yasmeen Abutaleb NEW YORK (Reuters) – Google Inc on Wednesday announced a free extension for its Chrome web browser that better protects Google accounts, including email, against online attackers trying to steal passwords and other personal information. The extension, called Password Alert, can be downloaded on Google Chrome and warns users before they enter account information on “phishing” pages, or imitation sites designed to steal passwords and access personal
By Bill Rigby SAN FRANCISCO (Reuters) – Apple’s large-screen iPhones are a big hit in China, taking market share from Samsung and selling at a pace that may make China a greater source of revenue than the Americas for Apple in coming years, analysts said. The world’s most valuable consumer electronics company reported on Monday a 71 percent increase in sales in China to $16.8 billion, driven by its new,
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.
President Obama’s Director of the Office of Management and Budget, Shaun Donovan, tells Yahoo Finance that the President won’t accept spending proposals that don’t meet with his approval.
The agony of running a marathon fades from memory over time. Investors might be experiencing a similar effect when it comes to running the course of Fed interest rate cycles.
The world’s largest economy sputtered to a near-halt in the first quarter, choked by slumping U.S. business investment and exports.
The Justice Department is seeking criminal charges against Lumber Liquidators in an ongoing investigation over imported products. The company revealed the Justice Department push in a regulatory filing …
Former Federal Reserve chairman Ben Bernanke is joining bond giant Pimco as a senior adviser, as the firm seeks to bolster its star power following the departure of co-founder Bill Gross. The move may be questioned by some competitors who had criticized the Fed during Bernanke’s reign for being too close to Pimco, whose full name is Pacific Investment Management Co. The critics suggested that could have potentially given the
As investors eagerly await clues about the timing of an interest rate hike, the futures market is pricing in a more dovish scenario than last month.
