Alibaba to launch US IPO on Sept 8: Report

Chinese e-commerce giant Alibaba is gearing up to launch its US IPO on September 8, Wall Street Journal reported today.


Atlantic City’s Revel Casino closes

Atlantic City’s landmark Revel Hotel closed this week due to financial trouble.


Barclays sells Spanish business at a loss

Barclays has agreed to sell its corporate and retail banking business in Spain to CaixaBank for 800 million euros, as the British bank starts shrinking its struggling European..


Medtronic buys Sapiens Steering Brain Stimulation

Medtronic has agreed to pay about $200 million in cash to buy Sapiens Steering Brain Stimulation, which is a privately held company that develops deep brain stimulation technologies.


Boeing posts record orders for durable goods

The bookings for durable goods in the US jumped as much as 22.6% in July because of a surge in contracts for Boeing aircraft.


Over 10000 British streets have average properety price of more than 1m pounds

London: About 500,000 UK households can now call themselves property millionaires. In London alone, on 3,774 streets the average house is worth at least one million pounds.


US new-home sales drop 2.4% in July

The sales of new homes in the US dropped in July, sending a clear message that the housing sector in the country is finding it tough to gain traction more than five years into the economic recovery.


S&P; 500 tops 2000 for first time

The S&P; 500 stock index today touched an intraday record, going past 2,000 for the first time in a broad rally led by financial and biotechnology stocks.


Citrus ‘greening’ bugs Florida

Florida has always been known for its love for citrus. However, the 9 billion dollar industry is going through a tough time.


Tim Hortons, Burger King in merger talks

Tim Hortons is in talks with Burger King for a merger. If this happens, the result will be one of the largest fast-food chains in the world with 18,000 restaurants worldwide..


Deutsche Bank upgrades SBI to ‘buy’

Deutsche Bank today upgraded the stock of State Bank of India to ‘buy’ from ‘hold’. The upgrading helped SBI’s shares jump 1.7 per cent in early trade on the bourses.


Roche to acquire InterMune

Roche Holding has agreed to pay USD 8.3 billion in cash to acquire San Francisco-based InterMune Inc.


NSEL scam: Shah gets bail

In a major relief to MCX promoter Jignesh Shah, the Bombay high court on Friday granted him bail of Rs 5 lakh.


Return Rs 50,000cr to investors: Sebi to PACL

Capital market regulator Sebi has ordered PACL to return Rs 50,000cr to investors.


Family Dollar rejects takeover bid from Dollar General

Discount store Family Dollar has rejected a takeover offer made by rival Dollar General, saying it would be very difficult for the deal to get approval from antitrust regulators.


Apple stocks touch new high

The stock of Apple Inc. has crossed an all-time high. It has surpassed the record set in the year 2012 as the investors are looking forward to the new products including iPhones with bigger screens and wristwatch like device expected to jump start the revenue growth.


Sensex gains 46 points

The BSE Sensex advanced today to close 0.17%, or 45.82 points, higher at 26,360.11. The National Stock Exchange’s broader barometer CNX Nifty gained 0.20%, or 15.80 points, to close the day at 7,891.10.


SpiceJet flies past Jet to grab second spot

Low-cost carrier (LCC) SpiceJet has moved ahead of rival Jet Airways to become the second-largest domestic carrier in the country last month.


Cairn Energy holding talks to settle tax dispute with India

Scotland-based hydrocarbons explorer Cairn Energy Plc on Tuesday said that the company was holding high-level talks with the Indian government in order to settle a tax dispute.


Trai rejects telcos’ proposal of fee on WhatsApp, Viber & Skype

The Telecom Regulatory Authority of India (Trai) has rejected the proposal of telecommunication companies to charge fee from users of WhatsApp, Viber, Skype and other apps.


Dollar General offers $9.7bn for Family Dollar

It seems that Dollar General has entered into the fray to consolidate the discount retail market in the US as the company has placed a $9.7bn cash bid to buy Family Dollar.


PwC hit with $25 million fine for money laundering allegations

The New York Department of Financial Service today imposed a $25 million fine and two-year suspension on PricewaterhouseCoopers after finding the financial powerhouse guilty of diluting a report on the money laundering failures at the Bank of Tokyo Mitsubishi UFJ.


It costs about $250000 to raise a child: Report

Washington: An annual study released today by the U.S. Department of Agriculture has shown that a quarter of a million dollars will be spent by parents to raise a child born today to age 18.


Credit card hackers strike SuperValu and Albertsons

Credit-card hackers have broken into credit and debit payment networks once again. This time, they aimed at two of the most famous supermarket store chains in the nation, SuperValu and Albertsons.


Mercedes-Benz violated antitrust rules in pricing: China

Luxury car manufacturer Mercedes-Benz has been accused by China for breaching anti-monopoly laws and manipulating prices for after-sales services in the country.


Sultan of Brunei bids for Sahara’s NY and London luxury hotels

The Sultan of Brunei has expressed interest in acquiring New York’s Plaza Hotel, Dream Hotel and London’s Grosvenor House hotel owned by Sahara Group.


CBI to probe Rs 1700 cr Tata Realty-Unitech land deal

An FIR has been registered by the CBI to probe into an alleged Rs 1,700 crore land deal between Tata Realty and Unitech.


Judge slams Syndicate Bank scam accused for sending ‘love letters’

A special CBI judge on Saturday disclosed that the people who are accused in the high-profile Syndicate Bank bribery case had tried to influence her.


RBI limits monthly ATM transactions in metros

Reserve Bank of India (RBI) has imposed a new limit on the number of ATM transactions – 3 transactions per month from Automated Teller Machines (ATMs) of other banks and 5 from the same bank in six metropolitan cities.


US jobless claims rise

The new applications for unemployment benefits in the US jumped last week but it still remained at its lowest level in the last eight years.


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