Alibaba options set for strong demand on market debut
NEW YORK (Reuters) – The newest way to bet on the fortunes of Chinese e-commerce heavyweight Alibaba Group Holding Ltd will debut on Monday when its stock options go live for trading, and investors should look for the initial action to be very busy, bu…
U.S. proposes plugging fire-suppression hole in Boeing 787
SEATTLE (Reuters) – The U.S. aviation safety regulator has proposed requiring operators of some Boeing Co 787 Dreamliners to replace parts near the plane’s lithium battery in an effort to improve the plane’s ability to fight an on-board fire.
Apple plays defense on iPhone 6 bending, software concerns
(Reuters) – Apple Inc broke its silence on complaints about bending iPhones, hours after withdrawing a glitch-ridden software update as the company struggles to restore momentum to the rollout of its latest phones.
Airbus says may win new A380 customer by year-end
TOULOUSE France (Reuters) – Airbus sees a “distinct possibility” of adding at least one new customer for its A380 superjumbo jet before the end of the year, the European planemaker’s sales chief John Leahy told Reuters on Thursday.
ValueAct returns to Valeant board, plans to raise stake
(Reuters) – Hedge fund ValueAct Capital said on Thursday it would return to the board of directors of Valeant Pharmaceuticals International Inc, which is pursuing a hostile takeover offer for Allergan Inc, and that it planned to increase its stake in t…
European demand, higher margins drive Nike’s profit beat
(Reuters) – Nike Inc , the world’s largest sportswear maker, reported a better-than-expected quarterly profit as it gains market share in Europe and focuses on higher-margin products such as Flyknit soccer boots.
Apple plays defense on iPhone 6 bending, software concerns
(Reuters) – Apple Inc broke its silence on complaints about bending iPhones, hours after withdrawing a glitch-ridden software update as the company struggles to restore momentum to the rollout of its latest phones.
Wall St. ends sharply lower, S&P below key support level
NEW YORK (Reuters) – U.S. stocks ended with sharp losses on Thursday, with the S&P 500 suffering its biggest one-day decline since July, as Apple tumbled and the dollar rose to a four-year high.
S&P wins right to Geithner documents in $5 billion U.S. fraud lawsuit
NEW YORK (Reuters) – A federal judge said former U.S. Treasury Secretary Timothy Geithner must give Standard & Poor’s documents he used when writing his best-selling memoir, a ruling that could help S&P defend against the government’s $5 billion fraud lawsuit over its credit ratings.
Fed’s Lockhart says weak demand puts rate hike timetable in doubt
JACKSON Miss (Reuters) – Atlanta Federal Reserve bank president Dennis Lockhart said the U.S. economy is still hampered by weak demand at home and internationally, potentially pushing the need to raise interest rates later into next year.
