Not many industry observers were convinced that Twitter could support its hyped company valuation pre-IPO.
United States
US Fed Reserve require stress tests on banks
Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.
Housing sector growth slows, borrowing costs jump due to effects from US government shutdown
Analysts who were quoted at Reuters anticipated the effects stemming from the US Federal Reserve's moves after the government shutdown.
LightSquared sues GPS manufacturers for broken promises
A lawsuit was filed by LightSquared against manufacturers of its GPS equipment for broken promises as to the capacity of the machines.
Dell Inc pays out executive shares above conversion value
Dell Inc had paid out executives for its shares not rolled over into the newly privatized Dell. The directors and top executives of Dell Inc. had received a total of USD59.
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Warburg Pincus sold its ownership stake in Transpacific Industries Group at AUD1.05 per share. On Saturday, a Transpacific Industries Group spokesperson said the shareholder Warburg Pincus would be selling its stake in the waste management firm through UBS.
WalMart, Sears, Macy's and other retailers are now doing their best to increase sales for the coming Christmas season.
Daylight Savings Time was meant to conserve energy, but it creates more losses in the US economy. WIth temperatures falling and landscapes needing less tending, these are the reminders that daylight savings time would be coming to an end by Sunday.
A lukewarm response was the tone for the launch of the newest iPad version, the iPad Air. It had become commonplace that droves of loyalists and enthusiasts would await the launch of the latest Apple product to the market.
Upon entry into Terminal 3, Paul Ciancia asked people if they were TSA before opening fire on them. According to news reports, the suspect had entered Terminal 3 wearing camouflage outfit and at around 9:20 am local time, had opened fire into the passenger area.
The initial public offering of Chegg was highly anticipated by the technology community following its impressive growth
Investor hype had been observed in recent initial public offerings. In a report by USA Today, investors were seen in a frenzy to invest into everything that has a ticker symbol.
Apollo and Cooper Tire decided on a tentative agreement with trial to begin on Tuesday. NDTV Profits reported that a tentative agreement with workers of United Steelworkers union and Cooper Tire & Rubber Co was reached.
New Jersey Police Chief Allen Cummings in an interview with Associated Press, said family members received text messages on suicide from Paul Ciancia, the LAX shooter.
