Business News

  • Before You Buy Alibaba, Check Out 4 Top China Stocks

    Before You Buy Alibaba, Check Out 4 Top China Stocks While investors gear up for Alibaba Group 's (BABA) hotly anticipated initial public offering, don't forget about other Chinese stocks that are worth keeping an eye on. Today's Young Guns Screen of

    Investor's Business Daily
  • Wondering How You Could Save on Home Insurance?

    Get a quote from Farmers Insurance and discover how you could save. Speak with an agent to get the knowledge you need to make an informed decision.

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  • Five Years Later, Chrysler’s Gamble on Ram Trucks Is Paying Off

    In December, the sprawling, four million-square-foot factory here where workers assemble Ram pickup trucks, along conveyors that weave for more than 30 miles, suddenly went quiet. Sergio Marchionne, Chrysler Group’s chairman and chief executive, stepped up to address the crowd. In the dark days of…

    The New York Times
  • Don't buy Alibaba stock: 'Dean of Valuation'

    Investors should steer clear of Alibaba , valuation expert Aswath Damodaran said Wednesday. On CNBC's " Fast Money ," Damodaran, a professor of finance at New York University's Stern School of Business, noted that he was looking at Alibaba stock from the perspective of a long-term investor, not a…

  • Billionaire Investor Says Chinese People Work Harder And Western Companies Could Face Deep Trouble After Alibaba IPO

    Michael Moritz, the chairman of VC firm Sequoia Capital, is a huge fan of Chinese internet companies and reiterated his enthusiasm for the Chinese market in an interview with The Wall Street Journal Wednesday. The billionaire investor described the Alibaba IPO as a “major landmark event” that is as…

    Business Insider
  • Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More

    Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More Stocks were firm on Wednesday morning ahead of the FOMC meeting outcome. Tuesday’s rally may have sparked higher interest again, and investors are looking for bargains

    24/7 Wall St.
  • 6 Things Debt Collectors Wish You Knew

    The work debt collectors do is not popular, and has become increasingly derided by those who don’t like what we do or simply don’t know the facts about debt collection. Too often, debt collection is painted with a broad brush to create a portrait that isn’t accurate, and doesn’t properly educate…
  • Rolls-Royce lands biggest order ever

    Rolls-Royce, the super-luxury car maker, has received its biggest order ever from a hotel executive who is buying a fleet of 30 Phantoms to transport guests at a new luxury resort in Macau.Stephen Hung is spending a reported $20 million on the fleet of the stately long-wheelbase Phantoms, the…

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    Boeing may have outfoxed Musk, but it could have bigger problems

    Elon Musk is arguably one of the greatest entrepreneurial minds of the 21st Century, but he may have just gotten beat by an old school aerospace giant.

    CNBC: Talking Numbers
  • Producers Threaten Individual ‘Expendables 3′ Pirates With Legal Action

    The poor opening weekend performance of “Expendables 3″ last month was in part blamed on piracy, and now producer Millennium Films is going after those who downloaded the film via torrent sites. CEG TEK International, representing Millennium, has been sending out notices of unauthorized use of…

  • Lawsuits: Payday loan scheme victimized consumers

    Three Kansas City men were accused Wednesday of running a payday lending scheme that took millions of dollars from consumers nationwide by saddling the victims with unauthorized loans and using the purported debts as authorization to siphon their bank accounts.The alleged defendants include online…

  • Why Alcatel-Lucent (ALU) Stock Is Up Today

    was gaining 1.5% to $3.32 Wednesday after announcing a deal with Globe Telecom The French telecommunications company will upgrade the WiMax 4G network in the two regions to LTE-TDD and LTE-FDD technologies. Under the agreement, Globe will deploy Alcatel-Lucent's LTE Radio Access Network which…
  • Iron ore miners battle for survival as 'perfect storm' hits

    High-cost Australian miners are battling for survival as plunging iron ore prices push many to breaking point, with analysts seeing no significant short-term recovery as Chinese demand for steel wanes in line with sliding property prices. Australia, the world's largest exporter of iron ore, is…

  • Scout24 owners set to announce IPO in October: sources

    Scout24 owners set to announce IPO in October: sourcesFRANKFURT (Reuters) - The owners of classified ad firm will announce plans in October to list part of their holdings in an initial public offering in Germany, two sources familiar with the transaction

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  • 5 Stocks With Big Insider Buying

    Southern Copper has a market cap of $27 billion and an enterprise value of $29 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 18.8 and a forward price-to-earnings of 15.5. This is not a cash-rich company, since the total cash position on its balance sheet is…
  • Alibaba set to price IPO shares amid investor frenzy

    The shares are expected to be priced after the markets close at 4 p.m. Thursday and start trading on the New York Stock Exchange on Friday under the ticker "BABA." Investors, keen to buy into China's rapid growth and evolving Internet sector, have been clamoring to get shares since top executives…

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    Thiel on Alibaba IPO

    Peter Thiel, PayPal co-founder and "Zero to One" author, shares his thoughts on Alibaba's initial public offering.

    CNBC Videos
  • Volkswagen, German Carmakers Could Gain as Chinese Switch

    Volkswagen AG (VOW) and its German counterparts Bayerische Motoren Werke AG (BMW) and Daimler AG (DAI) could benefit as more than 90 million Chinese car owners switch vehicles in the next few years because they’re the preferred choice of the country’s drivers, a study has found. About 40 percent of…

  • U.S. Real Estate Company Eyes Opportunity in Greece

    Privately-held real estate firm Hines has set its sights on Greek real estate as foreign real estate firms snap up undeveloped plots in the country in the wake of the Euro debt crisis, a report on said. The report added that Hines is widening its reach in Greece in time for the…

  • Court Vacates VirnetX Holding Corporation Patent Victory Against Apple Inc., Shares Plummet 50%

    Court Vacates VirnetX Holding Corporation Patent Victory Against Apple Inc., Shares Plummet 50% VirnetX Holding Corporation (NYSE: VHC) cratered Tuesday after a federal appeals court vacated the company's recent victory in a patent suit. A jury in

  • Follow Your Nose For the Fruity Taste That Shows!

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  • Cheaper store brands eat into General Mills' profit

    Cheaper store brands eat into General Mills' profit By Ramkumar Iyer and Anjali Athavaley (Reuters) - General Mills Inc reported a lower-than-expected quarterly profit as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand…