Category Archives: business

SEC investigating Alibaba’s accounting practices

View photos Chairman and chief executive of Alibaba Group Jack Ma reacts during a session of “Future-Proofing the Internet Economy” at the World Economic Forum (WEF) in China’s port city Dalian, September 9, 2015. NEWS.GNOM.ES/Jason Lee More (NEWS.GNOM.ES) – Alibaba Group Holding Ltd said it was being investigated by the U.S. Securities and Exchange Commission over whether the Chinese e-commerce company’s accounting practices violated any federal laws Continue reading

Luxury jeweler Tiffany reports steepest sales drop in six quarters

The Tiffany & Co. Continue reading

New Whole Foods chain 365 faces tough mission: Cut prices without being ‘cheap’

The price of bananas is displayed on a digital price tag at a 365 by Whole Foods Market grocery store ahead of its opening day in Los Angeles, U.S., May 24, 2016. Continue reading

HP Enterprise to merge IT services unit with Computer Sciences

Signs for Hewlett Packard Enterprise Co. cover the facade of the New York Stock Exchange November 2, 2015. NEWS.GNOM.ES/Brendan McDermid More (NEWS.GNOM.ES) – Hewlett Packard Enterprise Co said it would spin off and merge its struggling IT services business with Computer Sciences Corp, allowing the company to focus on its cloud services business and other fast-growing units. Continue reading

Exclusive: Sanofi to unveil challenge to Medivation’s board – sources

French multinational pharmaceutical company SANOFI logo is seen at the headquarters in Paris, France, March 8, 2016. NEWS.GNOM.ES/Philippe Wojazer/File Photo More By Greg Roumeliotis (NEWS.GNOM.ES) – France’s Sanofi SA is preparing to name candidates it will put forward to replace the entire board of U.S Continue reading

Stock futures track rise in global equities, oil

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 24, 2016. NEWS.GNOM.ES/Brendan McDermid More By Tanya Agrawal (NEWS.GNOM.ES) – U.S. stock index futures were higher on Wednesday, mirroring global equities, as oil prices rose and investors got more comfortable with the prospect of interest rate hike as early as this summer. Continue reading

Oil nudges $50 a barrel as investors bet on shrinking overhang

Crude oil drips from a valve at an oil well operated by Venezuela’s state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. NEWS.GNOM.ES/Carlos Garcia Rawlins/File Photo More By Amanda Cooper LONDON (NEWS.GNOM.ES) – Oil rose toward $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrinking supply will help erode any overhang of unwanted crude, particularly after industry data showed a sharp fall in U.S Continue reading

Banks and tech drive Wall Street up over 1 percent

A screen displays the Dow Jones Industrial Average after the close of trading on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 24, 2016. NEWS.GNOM.ES/Brendan McDermid More By Noel Randewich (NEWS.GNOM.ES) – Wall Street surged more than 1 percent on Tuesday and the Nasdaq had its strongest day in three months as investors made peace with the possibility that the U.S. Federal Reserve might soon raise interest rates. Continue reading

G7 to examine economic risk, vow policy mix to spur growth: sources

G7 foreign ministers (L to R) E.U. High Representative for Foreign Affairs Federica Mogherini, Canada’s Foreign Minister Stephane Dion, Britain’s Foreign Minister Philip Hammond, U.S. Secretary of State John Kerry, Japan’s Foreign Minister Fumio Kishida, Germany’s Foreign Minister Frank-Walter Steinmeier, Italy’s Foreign Minister Paolo Gentiloni and France’s Foreign Minister Jean-Marc Ayrault walk together after placing wreaths at the cenotaph at Hiroshima Peace Memorial Park and Museum in Hiroshima, Japan April 11, 2016 Continue reading

Fed’s Bullard: rates too low for too long could be risky

St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York February 26, 2015. Continue reading