Alibaba Earnings Show It Again Defying China's Slowdown
Photo Workers at an express delivery company in Beijing. Chinese economic growth has slowed, but more shoppers are turning to Alibaba sites while abandoning physical retail outlets like malls. Credit Agence France-Presse — Getty Images HONG KONG — Amid concerns about a slowdown in the growth of the Chinese economy, China’s largest e-commerce company is showing that — for now — business on its platforms is holding steady.Alibaba Group said on Wednesday that its revenue g..>> view originalADP: Businesses added just 147000 jobs in October
Job fairs have been busy as employers struggled to hire workers in a tight labor market.(Photo: Justin Sullivan, Getty Images)Businesses added 147,000 jobs in October, payroll processor ADP said Wednesday, possibly signaling the government this week will report a third straight month of disappointing employment gains.Economists surveyed by Bloomberg expected ADP to report 165,000 job gains. They forecast the Labor Department on Friday will record 175,000 new jobs in the public and private sector..>> view originalEurope's Air Wars Rage as Ryanair Takes Fight to Lufthansa
Updated Nov. 2, 2016 9:12 a.m. ET The air war between Europe’s legacy carriers and its discounters just entered a fresh phase. Europe’s largest budget airline, Ryanair Holdings PLC, said it would start flights from Frankfurt Airport, the home base for Europe’s largest carrier, Deutsche Lufthansa AG. For years, Ryanair Chief Executive Michael O’Leary said Frankfurt was one of the few airports the carrier wasn’t interested in, because of high costs. But the airline won concessio..>> view originalHerbalife's CEO Is Going to Step Down After a Tumultuous 13 Years
Herbalife hlf Chief Executive Michael Johnson will step down next year, capping a tumultuous 13-year tenure that was marked by a bitter fight with activist investor William Ackman. Johnson will step down next June and will take up the role of executive chairman. He will be replaced by Chief Operating Officer Richard Goudis. Goudis took over as COO in 2010, following a five-year stint as chief financial officer. Billionaire investor Carl Icahn, who disclosed a 20.78% stake in the company ..>> view originalMaersk Line falls to $116 million loss on rate tumble
Time Warner's Cable and Film Drive Growth; Guidance Raised
Updated Nov. 2, 2016 8:38 a.m. ET Time Warner Inc., which two weeks ago agreed to sell itself to AT&T Inc., raised its outlook for the year and reported solid third-quarter results, powered by growth in its cable TV and film businesses. Revenue and operating income increased in all three of the company’s segments—Turner Broadcasting, HBO and Warner Bros. Cable channels were boosted by higher monthly subscription fees, while the film studio was helped by the strong box office p..>> view originalChipmaker Broadcom to buy network gear maker Brocade for $5.5 billion
Chipmaker Broadcom Ltd (AVGO.O) said on Wednesday it would buy network gear maker Brocade Communications Systems Inc (BRCD.O) for $5.5 billion to expand its fiber channel and data storage businesses, the latest in a flurry of chip sector deals.Singapore-based Broadcom, formerly Avago Technologies, is known for its connectivity chips while California-based Brocade makes networking hardware, software and storage products.Brocade's fiber channel protocol-based networking products are used to buil..>> view originalFacebook's mobile ad boom ride is almost done, and Wall Street wants to see its next trick
Facebook CEO Mark Zuckerberg.Facebook Investors have one big question for Facebook: What's next? The company has ridden the mobile ad boom over the past few years and is expected to grow revenue by a healthy 54% when it reports Q3 earnings on Wednesday. But Facebook execs have warned that the meteoric revenue growth rates are due for a slowdown next year as the company reaches the limit on how many ads it can squeeze into the News Feed. When execs discuss the quarter's results with analysts on..>> view originalInvestors take fright at rising chances of Trump US election win
LONDON World stocks, the dollar and oil fell on Wednesday, while safe-haven assets such as gold and the Swiss franc rose as investors were rattled by signs the U.S. presidential race was tightening just days before the vote.Investors were beginning to rethink their long-held bets of a Nov. 8 victory for Democratic candidate Hillary Clinton amid signs her Republican rival Donald Trump could be closing the gap, deepening the recent decline across major stock markets.Asian stocks hit a seven-week..>> view originalLegal pot is still a tough deal for investors
As Americans head to the polls on November 8, California could also join the likes of Colorado and Washington by legalizing marijuana for recreational use. The Golden State is already the largest cannabis market in the country and worth millions of dollars - but it could be worth millions more if the Adult Use of Marijuana Act passes. Video provided by AFP NewslookStacks of $100 bills sit on a table inside a marijuana-services company office. Because marijuana remains illegal at the f..>> view original
Wednesday, November 16, 2016
Alibaba Earnings Show It Again Defying China's Slowdown and other top stories.
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