Business
Pres. Obama: Wall Street Should Be Concern on Washington Gridlock
President Barack Obama said Wall Street should be concern with the current gridlock in Washington during an exclusive interview with John Harwood of CNBC at the White House.
According to the President, although a stalemate...
Business
U.S. Stock Markets Rally As Investors Less Concern Over Shutdown
The stock markets in the United States rallied despite the partial shutdown of the federal government after lawmakers failed to reach an agreement to pass budget legislation. Market analysts noted that investors seemed less concern...
Business
United States Partial Shutdown, What It Means?
United States has decided upon a partial government shutdown, which will be the first in over the past two decades, and will affect 800,000 employees by sending them on unpaid leave, closing museums and...
Business
Warren Buffett to Acquire $2 Billion Stake in Goldman Sachs
Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), the conglomerate controlled by billionaire investor, Warren Buffett will acquire shares of Goldman Sachs Group (NYSE:GS) worth $2 billion through the warrants it obtained during the 2008 financial crisis, according...
Business
Twitter Might Reveal IPO Details To Public This Week
Twitter is said to have completed its paperwork regarding its initial public offering (IPO) and is looking forward to issue the details to public this week, according to Quartz. Micro blogging site is trying...
Business
King.com: Maker of Candy Crush Saga Files for IPO
King.com, the British interactive entertainment company and maker of the popular mobile game Candy Crush Saga submitted a regulatory filing with the United States Securities and Exchange Commission (SEC) for an initial public offering (IPO). According to the Financial Times, King.com took advantage of the...
Business
Nike (NKE) Jumps On Strong Quarterly Results
The stock price of Nike (NYSE:NKE) reached a new all-time high to around $75.25 per share, but ended the trading session at around $73.64 per share, up by almost 5% after reporting positive first quarter financial results its fiscal 2014. According to Nike, its earnings and revenue growth were driven by strong demands for its...
Business
BlackBerry Posts A Massive 2Q Loss
BlackBerry Ltd (NASDAQ:BBRY), the struggling smartphone maker posted a massive loss of $965 million, or $1.84 a share for the second quarter compared to a loss of $229 million, or 44 cents a share, for the same period last year. The Canadian firm told that it is burning cash at a brisk pace, and is...
