Source Match Wholesale Industry News
Pakistan blocks Twitter over contentious tweets
Pakistan blocks Twitter over contentious tweets
Pakistan blocks Twitter over contentious tweets
Chinese company to buy US movie theater chain AMC
Asia stocks mixed after G8 vague on Europe fix
Economists more upbeat about job growth, housing
Qantas to cut another 500 maintenance jobs
MELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline profits. Qantas, which is emerging from a costly industrial dispute, said in statement it will stop heavy maintenance in Tullamarine in Melbourne and concentrate on centers in Brisbane and Avalon, resulting in the job cuts. It had, in February, flagged another 500 job cuts for the group. ...
Markets regain ground but still edgy over Greece
TOKYO (Reuters) - Markets recovered some ground on Monday after last week's heavy losses, but investors remained wary about the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth. Leaders of G8 major industrialized nations meeting at the weekend vowed to take steps to combat financial turmoil and revitalize a global economy threatened by Europe's debt crisis, but they offered no specific prescription for debt-crippled Greece which holds fresh elections next month. ...
Nasdaq to revamp system after tech problems on Facebook IPO: WSJ
(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. ...
Nasdaq to revamp system after tech problems on Facebook IPO: WSJ
(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. ...
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
(Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders. The deal caps years of discussions between the two companies over Alibaba reclaiming some or all of the 40 percent stake in the Chinese e-commerce firm that Yahoo bought for about $1 billion in 2005. Under the agreement, Yahoo will sell half of that stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
Facebook faces crucial week after modest debut
NEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion. But investors, expecting a first-day pop in price, instead saw it close just 0.6 percent above the IPO price at $38.23. ...
Australia to seal trade deal with Malaysia
Facebook stock seen facing crucial week after modest debut
NEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion. But investors, expecting a first-day pop in price, instead saw it close just 0.6 percent above the IPO price at $38.23. ...
G8 growth talk leaves wary markets awaiting action
(Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. The Group of Eight economies stressed on Saturday that their "imperative is to promote growth and jobs", as they also recognized problems among European banks and gave verbal backing for Greece to stay in the euro. Still, despite U.S. calls for immediate moves to boost growth, no sign emerged that Germany would soften its stance on austerity as the cure for Europe's debt ...
Reports: Nasdaq 'embarrassed' at Facebook delay
Reports: Nasdaq 'embarrassed' at Facebook delay
Reports: Nasdaq 'embarrassed' at Facebook delay
Apple, Samsung CEOs set for court talks
SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Apple's Tim Cook and Samsung's Choi Gee-sung, whose companies are embroiled in bitter patent litigation, have been instructed by a federal judge to appear for court-supervised mediation. A joint court filing in April said that "as directed by the Court, Apple and Samsung are both willing to participate" in the discussions. ...
Apple, Samsung CEOs set for court talks
SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Apple's Tim Cook and Samsung's Choi Gee-sung, whose companies are embroiled in bitter patent litigation, have been instructed by a federal judge to appear for court-supervised mediation. A joint court filing in April said that "as directed by the Court, Apple and Samsung are both willing to participate" in the discussions. ...
Reports: Yahoo nears deal to sell stake in Alibaba
WatchESPN lets you...watch ESPN on your iPhone
Save old photos to your Android in a snap with the the ShoeBox app
What You Can Learn From Zynga's Cool Company Culture [PICS]
Pakistan Blocks Twitter, Citing 'Blasphemy' [VIDEO]
Pakistan Blocks Twitter, Citing 'Blasphemy' [VIDEO]
When Should Schools Start in the morning?
10 Delightful Nyan Cat Accessories
Terefic Takes the Guesswork Out of Job References
Top 10 Twitter Pics of the Week
Facebook shares could fall below IPO price: Barron's
(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. Facebook saw its shares rise a scant 0.6 percent to $38.23 on Friday in the first day of trading. The stock stayed above the $38 IPO price, supported in the market by the deal's underwriters. But Barron's said the "big question" this week will be whether they continue to do so. ...
Insight: China pays high price to spare state firm from bankruptcy
Wholesale price index up in March
Apple Goes After Samsung Galaxy Tab in Court [VIDEO]
Euro zone row gets fat pay rise for German workers
U.S. banking laws unable to stop JPMorgan loss: Republican Boehner
5 Things We Learned From Reddit This Week
Wall Street Week Ahead: Market is oversold, but major signs say "sell"
NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further this week as concerns about the financial health of Europe persist. ...
Microsoft Launches So.Cl Network Amid Facebook Hubbub
Facebook Has Gone Public in More Ways Than You Might Think