Why Alibaba neglected Nasdaq in favor of NYSE
Alibaba decided in favor of the New York Stock Exchange for its IPO, not being persuaded by Nasdaq’s insistence it has taken measures to prevent another Facebook-type debut from occurring. Alibaba Group Holding More...
Cisco to axe 6,000 more jobs while keeping forecasts for the current quarter results modest
Cisco Systems Inc. plans to cut another 6,000 jobs, as it grapples to keep up growth; the company CEO calls for tougher decisions. As Cisco Systems Inc. (CSCO), network equipment manufacturer, forecast modest results More...
NASDAQ and S&P 500 Keep Up Their Rally for a Sixth Quarter in a Row
Following an outstanding year, US benchmarks are extending their rally into 2014 in spite of repeated notes of caution from analysts. Both the NASDAQ and the S&P 500 managed to extend their gains into a sixth More...
Massive investing by Amazon leads to heavy second quarter losses
Amazon shares endured a brutal selloff in NASDAQ afterhours trading as the company posted a disappointing earnings report. For Amazon.com, it was a massive loss for the second quarter, as the company continued More...
Apple, with a 165 P/E a decade ago, made a 6,000 percent rally
Last week’s Federal Reserve report on stretched valuations of growth stocks highlighted the fact that a number of the highest P/E ratio companies, like Apple, have by much outperformed in indices. Last week, More...
