China's e-commerce giant Alibaba Group Holding Ltd said on Wednesday it had bought a controlling stake in online marketing company AdChina, an investment aimed at bolstering its advertising business.
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Copper suffers meltdown on growth anxiety, euro on defensive
Unease over the global economy engulfed commodities and dented Asian equities on Wednesday, while the euro loitered near nine-year lows as investors bet the European Central Bank was just a week away from launching a new stimulus campaign.
Oil prices extend slide in commodities sell-off
Oil prices fell more than 1 percent on Wednesday after touching their lowest in nearly six years the previous session, extending losses alongside a sell-off in other commodities.
Fitness software firm Mindbody selects banks for IPO
Mindbody, a company that makes software to help run fitness and yoga studios, has selected banks for a potential initial public offering that could value it at more than $700 million, according to people familiar with the matter.
Etsy, marketplace for handmade goods, to file for IPO
Etsy Inc, a global marketplace for handmade goods and crafts supplies, is planning an initial public offering that could take place as soon as this quarter, Bloomberg said, citing people with knowledge of the matter.
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Tesla Motors Inc (TSLA.O) plans to boost production of electric cars to "at least a few million a year" by 2025 from fewer than 40,000 last year, Chief Executive Officer Elon Musk said Tuesday.
Mark Zuckerberg and Xiaomi Inc CEO Lei Jun discussed a potential investment by Facebook in China's top smartphone maker ahead of its $1.1 billion fundraising last month, but a deal never materialized, several people with knowledge of the matter told Reuters.
Roche has boosted its efforts to tackle antibiotic resistance, striking a deal worth up to $750 million with Japan's Meiji Seika Pharma and Canada's Fedora for a drug that can restore the power of antibiotics to combat infections.
U.S. small business optimism jumped in December to its highest level in more than eight years, the latest sign of strength in the economy even as dark clouds settle over global growth.
MetLife Inc (MET.N) on Tuesday sued U.S. regulators over a decision to subject the insurer to tougher oversight because it harbors enough risk to endanger the financial system if the next crisis hits.
U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices.
Investors had hoped that the biggest U.S. banks would boost dividend payments substantially in 2015, but recent events including slumping oil prices will make it harder for banks to pay out more.
Brent and U.S. WTI crude oil prices fell to their lowest levels in almost six years on Tuesday as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market.
A diplomatic push by Venezuela and Iran for an OPEC oil output cut has failed to soften the refusal of the group's Gulf members to do so for now, delegates said on Monday.
