Alibaba skids as revenue growth slowest in three years
BEIJING (Reuters) – Alibaba Group Holding Ltd’s shares fell to a record low after China’s biggest e-commerce company posted its slowest revenue growth in over three years as its strategy to shift more services to mobile devices hurt advertising sales.
Wall St. ends near flat after late-day rally
(Reuters) – U.S. stocks rebounded in afternoon trading on Wednesday to end little changed as energy shares and Apple bounced back, offseting continued concerns about a slowdown in China.
Macy’s cuts full-year sales forecast, forms China venture
(Reuters) – Macy’s Inc lowered its full-year sales forecast and said it formed an ecommerce joint venture in China to sell products on Alibaba Group Holdings Ltd’s Tmall marketplace as the department store operator looks to grow beyond the sluggish U.S…
U.S. bank stocks sell off as investors bet the Fed will wait
NEW YORK (Reuters) – U.S. bank stocks fell 1.9 percent on Wednesday as investors bet that a weaker yuan will delay the Federal Reserve rate hikes that are expected to boost bank profits. 
Ford remains ‘bullish on China’ long term: Ford executive
(Reuters) – Ford Motor Co’s head of global purchasing on Wednesday said the company remains “bullish on China” despite a drop in auto sales recently.
Creditors to subject Greek deal to tough October review
ATHENS/BRUSSELS (Reuters) – The European Union moved to keep Greece on a tight rein after its latest bailout, with sources saying the 85 billion euro ($94.83 billion) deal will be reviewed by lenders in October and any discussion of debt relief will on…
Fidelity National to buy software maker SunGard in $9.1 billion deal
(Reuters) – Financial industry software maker Fidelity National Information Services Inc has agreed to buy rival SunGard Data Systems Inc for $9.1 billion including debt, in order to get access to Sungard’s thousands of lucrative trading and money mana…
Kraft Heinz to cut 2,500 jobs in U.S. and Canada
(Reuters) – Kraft Heinz Co said it will eliminate 2,500 jobs in the United States and Canada, including about 700 at its headquarters in Northfield, Illinois.
Boeing sees strong jetliner demand; focus on cost-cutting
NEW YORK (Reuters) – Boeing Co is still seeing strong demand for civilian aircraft and pressure to increase its production rates, despite concerns about slowing growth in China and several years of record aircraft orders.
Boeing sees strong jetliner demand; focus on cost-cutting
NEW YORK (Reuters) – Boeing Co is still seeing strong demand for civilian aircraft and pressure to increase its production rates, despite concerns about slowing growth in China and several years of record aircraft orders.
