MONEY (MSM)
Chinese e-commerce company Alibaba Group Holding Ltd is investing more than $100 million in Mei.com, a “flash sales” platform for luxury and fashion goods, according to a source with knowledge of the deal. Alibaba had said earlier on Wednesday it would form a team within its Tmall business-to-consumer platform to help Mei.com expand its user base, product offerings, logistics and IT infrastructure, but did not disclose the size of its
U.S. stock index futures indicated a lower open as worries over China’s relentless selloff and Greece’s debt crisis weighed on investor sentiment.
Toyota’s highest ranking female executive until her arrest in Japan on suspicion of drug law violations was released from custody without charges Wednesday. Julie Hamp, 55, who resigned last week from …
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.
The housing outlook for the second half of 2015 is all about affordability-for buying and renting.
With their country struggling to stave off financial collapse, Greek officials restarted talks with skeptical creditors on a new rescue deal, but showed up Tuesday without the concrete proposals their …
Puerto Rico failed in its bid to revive a restructuring law that investors say conflicts with the U.S. bankruptcy code, a blow to the commonwealth as it falls deeper into a fiscal crisis. Lawyers for Puerto Rico had asked the U.S. Court of Appeals in Boston to reinstate a local law to help it deal with $72 billion in debt.
U.S. employers advertised slightly more job openings in May, a sign of an increasingly energized economy where companies are expecting continued growth. The Labor Department said Tuesday that the number …
Donald Trump has built billions of dollars in personal wealth. If you can jump through hoops and endure years of working for Trump, his matching contributions are more generous than average. If you contribute 6 percent of your salary, Trump will kick in 4.5 percent.
Investors have been craving a transition from oppressive global macro themes to more localized corporate stories. Perhaps we’ll finally get such a reprieve, as company performance commands more headlines.
