Alibaba Earnings Show It Again Defying China's Slowdown
Photo Workers at an express delivery company in Beijing. Chinese economic growth has slowed, but more shoppers are turning to Alibaba sites while abandoning physical retail outlets like malls. Credit Agence France-Presse — Getty Images HONG KONG — Amid concerns about a slowdown in the growth of the Chinese economy, China’s largest e-commerce company is showing that — for now — business on its platforms is holding steady.Alibaba Group said on Wednesday that its revenue g..>> view originalRyanair Takes Air War to Lufthansa's Home Base in Frankfurt
Updated Nov. 2, 2016 9:12 a.m. ET The air war between Europe’s legacy carriers and its discounters just entered a fresh phase. Europe’s largest budget airline, Ryanair Holdings PLC, said it would start flights from Frankfurt Airport, the home base for Europe’s largest carrier, Deutsche Lufthansa AG. For years, Ryanair Chief Executive Michael O’Leary said Frankfurt was one of the few airports the carrier wasn’t interested in, because of high costs. But the airline won concessio..>> view originalADP: Businesses added just 147000 jobs in October
Job fairs have been busy as employers struggled to hire workers in a tight labor market.(Photo: Justin Sullivan, Getty Images)Businesses added 147,000 jobs in October, payroll processor ADP said Wednesday, possibly signaling the government this week will report a third straight month of disappointing employment gains.Economists surveyed by Bloomberg expected ADP to report 165,000 job gains. They forecast the Labor Department on Friday will record 175,000 new jobs in the public and private sector..>> view originalDollar slumps, yen and franc surge as Trump rattles markets
LONDON The dollar slumped and the Swiss franc and Japanese yen surged on Wednesday as investors worried by the prospect of a Donald Trump victory in next week's U.S. presidential election sought out safe havens for their money. The yen, driven lower in the past month as investors abandoned long-term bets on it strengthening past 100 yen per dollar, gained more than half a percent to hit its highest since Oct. 21.The franc hit its highest in a month against the greenback and a four-month peak a..>> view originalBroadcom to Buy Brocade Communications for $5.5 Billion
Photo Broadcom offices in Irvine, Calif. Its products include chips used in iPhones, set-top boxes for televisions, modems and computer networks. Credit Associated Press/Broadcom The chip maker Broadcom said on Wednesday that it had agreed to acquire Brocade Communications Systems, a maker of routers, switches and other computer networking equipment, for $5.5 billion in cash.It is the latest deal in the rapidly consolidating semiconductor sector, where companies are see..>> view originalCMO Today: AT&T-Time Warner Deal Puts 'Zero-Rating' on Regulatory Agenda
Updated Nov. 2, 2016 7:56 a.m. ET ZERO-SUM GAME?: AT&T plans to let its customers stream as much content as they want through its coming DirecTV Now online TV service without it counting toward their monthly data limits. But the offer to exempt its own service from data-usage caps—a billing practice often referred to as “zero-rating”—could also prove to be the company’s Achilles heel. Streaming rivals like Netflix and Sling TV are likely to press regulators to scrutinize the pr..>> view originalMaersk Line falls to $116 million loss on rate tumble
IBD Stock Analysis Alibaba Faces Test With Q3 Earnings, Singles Day, SEC Probe
Investors have been in an unforgiving mood this earnings season, as evidenced by a sharp sell-off in Amazon.com (AMZN) on Friday, even though it posted a 206% rise in earnings the day before. Now rival e-commerce giant Alibaba (BABA) and social media titan Facebook (FB) are on deck to report their Q3 numbers on Wednesday. To complicate matters, the Securities and Exchange Commission is investigating Alibaba in regards to certain accounting practices, and a new report says the investigation is b..>> view originalLinkedIn plots a place on the economic graph, launches Salary to chart what we earn
LinkedIn — the professionally-oriented social networking platform that’s being acquired by Microsoft for $26.2 billion — has made a play to build what it refers to as “the economic graph“, a concept that combines your profile with LinkedIn’s own analytics and data trove to chart the connections between you, your career, your industry and the wider economy. Today, it’s launching a new product that fits in squarely with that strategy. LinkedIn Salary, a new portal and tracker to collect and anal..>> view originalWhy a Trump presidency will kill the American entrepreneur
Moody's Analytics found that we are headed straight for a major recession if Donald Trump is elected, and its prediction looks more and more valid as the election approaches. A recession would mean a loss of business for entrepreneurial companies and jobs for millions of Americans. There are already estimates that a Trump presidency could cost the U.S. economy $1 trillion and 4 million jobs by 2021. At first glance, some of Trump's policies sound like they could help entrepreneurs. Cutting t..>> view original
Wednesday, November 2, 2016
Alibaba Earnings Show It Again Defying China's Slowdown and other top stories.
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