Visit North Myrtle Beach
Chamber Facebook
Chamber Twitter
Chamber Flickr
Chamber Youtube

Yahoo Business - Stock Markets

Business News Headlines - Yahoo! News

As G20 chases growth goal, members differ on how to get there Saturday, September 20, 2014 5:39 am

US Treasury Secretary Lew stands with his Australian counterpart Hockey during a media conference at the start of the G20 Finance Ministers and Central Bank Governors meeting in the northern Australian city of CairnsBy Lincoln Feast and Gernot Heller CAIRNS Australia (Reuters) - Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate stimulus. Opening a meeting of G20 finance ministers and central bankers, Australian Treasurer Joe Hockey outlined on Saturday an ambitious agenda of boosting world growth, fireproofing the global banking system and closing tax loopholes for giant multinationals. ...


Full Article
Dollar's rally bad news for oil, multinationals Saturday, September 20, 2014 3:46 am

Photo illustration of one hundred dollar notes in SeoulBy Akane Otani NEW YORK (Reuters) - The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies. The greenback's recent gains have lifted the dollar index - a measure of the dollar's value relative to six currencies - for 10 consecutive weeks. ...


Full Article
Alibaba surges 38 percent on massive demand in market debut Friday, September 19, 2014 4:28 pm

Jack Ma, founder of Alibaba is joined by Alibaba executivesBy Liana B. Baker, Jessica Toonkel and Ryan Vlastelica NEW YORK (Reuters) - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class. It was an auspicious debut for the Chinese e-commerce company, which was founded by Jack Ma in his apartment in 1999 and now accounts for 80 percent of online sales in China. ...


Full Article
Exclusive: Hyundai directors kept in dark on size of $10 billion land bid - sources Saturday, September 20, 2014 8:19 am

File photo of Hyundai Motor Group chairman Chung attending the company's new year ceremony in SeoulBy Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters. Thursday's winning bid for the land sent shares in Hyundai Motor, Kia Motors and Hyundai Mobis plunging, wiping out $8 billion in shareholder value, and sparked howls of protest from investors, rekindling worries about corporate governance at South Korea's conglomerates, or chaebol. ...


Full Article
When music stops for Oracle CEO dance, Catz may grab Ellison's chair : analysts Friday, September 19, 2014 6:24 pm

Oracle Corp CEO Ellison introduces the Oracle Database In-Memory during a launch event in Redwood ShoresBy Jeffrey Dastin and Sam Adams NEW YORK (Reuters) - If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp ? Reuters asked a cast of Wall Streets analysts, and the verdict is dealmaker and finance guru Safra Catz. The question is on investors' minds after Ellison, 70, promoted both Catz and sales leader Mark Hurd to the CEO position on Thursday, while taking on the role of executive chairman and chief technology officer himself. The move appears to be the first stage of Ellison's gradual withdrawal. ...


Full Article

Powered by:Business News Headlines - Yahoo! News