Top Stories Archive

Apple shares hit 2014 highs, Asian stocks lag

By Wayne Cole SYDNEY (Reuters) – Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer. The Nikkei

Apple shares soar on increased buyback

Apple increased its buyback and posted a strong second quarter, sending shares soaring. Shares of Apple soared 8% in after-hours trading on Wednesday after upping its share buyback and dividend. The company also handily beat Wall Street’s

China PMI as predicted, Aussie drops after data

By Wayne Cole and Vidya Ranganathan SYDNEY/SINGAPORE (Reuters) – Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly

Alibaba is primed for mega IPO

  The tech company behind the largest and most-anticipated IPO of the year doesn’t trace its roots to Silicon Valley, a Harvard dorm room or MIT lab. Alibaba was founded 15 years ago in the modest Hangzhou,

GM seeks court protection against ignition lawsuits

By Supriya Kurane and Arnab Sen (Reuters) – General Motors Co filed a motion in a U.S. court to enforce an injunction contained in its sale order, which GM says bars plaintiffs from suing the reorganized company

Asian stocks subdued on Ukraine caution, dollar firms vs yen

By Shinichi Saoshiro TOKYO (Reuters) – Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI’s broadest index

Daimler sees double-digit percent growth in China sales in 2014

BEIJING (Reuters) – Germany’s premium carmaker Daimler (DAI.DE) expects to grow its sales in China, the world’s largest auto market, by double-digit percentages this year, Chief Executive Dieter Zetsche on Sunday. “We aim to grow faster than

Rajaratnam’s brother loses bid to dismiss insider trading charges

By Nate Raymond NEW YORK (Reuters) – Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year.

The car GM never wanted to build

General Motors never really wanted to build the Cobalt, and it showed. The Chevrolet Cobalt, the car at the center of the General Motors recall crisis, was a losing bet from the start. The automaker never really

Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

By Chuck Mikolajczak NEW YORK (Reuters) – Earnings season shifts into high gear next week, and with nearly one-third of SP 500 names set to post results, investors hope the news provides a catalyst to buy stocks