Business news

Alibaba's 'Singles Day' Sales Cross $9 Billion, Beats Investor Predictions

Alibaba's "Single's Day" sales even surpassed last year's "Cyber Monday" sales, which was around $2.3 billion

Nov 12, 2014

Yahoo Buys Video Service BrightRoll for $640 Million

Yahoo Inc, the internet giant, announced Tuesday that it has agreed to take over BrightRoll Inc, a popular video advertising service for a deal worth $640 million.

Nov 12, 2014

BSE closes points 35.33 up on Nov 11

New Delhi, Nov 11 (ANI): Trading at the Bombay Stock Exchange today closed 35.33 points up to stand at 27,910.06. At the National Stock Exchange the Nifty closed 18.40 points up to stand at 8,362.65. AMTEKAUTO and HCC were among the top gainers of Group A with an increase of 16.91 and 8.50% along with JAIN IRRIGATION SYSTEMS LTD. and POLARIS with an increase of 7.74% and 7.24% respectively, while the top losers of Group A include KAILASH and FSL with a decrease of 9.90% and 4.98% along with SREI INFRASTRUCTURE FINANCE LTD. and BAJAJ ELECTRICALS LTD. with a decrease of 4.68% and 4.35% at the close of the markets. The Auto sector is up 124.47 points at 18,400.40 while the banking sector is up 145.18 points at 19,894.58 and the reality sector is up 17.25 points at 1,657.44. The Indian currency is up 0.16 % at Rs 61.60 per dollar.

Nov 11, 2014

Alibaba Makes Record $2 Billion Sales in First Hour of 'Singles Day' Sale

Alibaba Holdings Ltd., reportedly broke its own one-day sales record of online sales making $2 billion in just the first hour of their massive "11.11" event sale otherwise known as the "Singles Day" sale.

Nov 11, 2014

London's Gherkin Building Sold to Safra Group for More Than $1 Billion

The Safra Group is an international cluster of companies run by Brazilian billionaire Joseph Safra and his family

Nov 11, 2014

Google Joins Battle Against Ebola With $10 Million Initial Fund

Google Signs 60-Year Lease with NASA for Moffett Airfield in California

Google has reportedly signed a deal with NASA to lease and manage the space agency's Moffett Federal Airfield (MFA) located at Moffett Field in California for 60 years.

Nov 11, 2014

American Airlines Flight Attendants Reject Contract, Deal Goes for Federal Mediation

Flight attendants of American Airlines, the airways that recently merged with US Airways to form the largest airline by traffic in the world, rejected a joint labor contract Sunday, posing a major setback for the merger.

Nov 10, 2014

Time Warner Bidding To Take Over Ten Network for $589 Million

Time Warner Inc., the US-based entertainment giant, has reportedly made a bid to acquire struggling Australian media company Ten Networks for a deal that values it at $589 million.

Nov 10, 2014

BSE closes points 6.10 up on Nov 10

New Delhi, Nov 7 (ANI): Trading at the Bombay Stock Exchange today closed 6.10 points up to stand at 27,874.73. At the National Stock Exchange the Nifty closed 7.25 points up to stand at 8,344.25. RAJESH EXPO and BEML were among the top gainers of Group A with an increase of 12.22% and 6.98% along with JET AIRWAYS and ING VYSYA BANK with an increase of 6.82% and 6.22% respectively, while the top losers of Group A include ENGINEERS INDIA LTD and KAILASH with a decrease of 12.32% and 8.20% along with INDIA CEMENTS and SJVN with a decrease of 6.10% and 5.71% at the close of the markets. The Auto sector is down 62.74 points at 18,275.93 while the banking sector is down 105.02 points at 19,749.40 and the reality sector is down 2.17 points at 1,640.19. The Indian currency is up 0.19 % at Rs 61.50 per dollar.

Nov 10, 2014