Video – Business

post thumbnail

LinkedIn’s Growth Accelerates

LinkedIn continued its steady revenue growth in the second quarter, posting strong gains from advertising, subscription services and its flagship recruiting business. The Mountain View, Calif., professional social network said revenue rose 47% to $533.9 million, beating estimates.

 “LinkedIn’s Growth Accelerates” is categorized as “business”. This video was licensed from Grab Networks. For additional video […]
post thumbnail

Alibaba Invests $120M In Kabam At A Valuation Above $1B

Chinese conglomerate Alibaba is making another big investment in an American startup. The Wall Street Journal reports that the company is investing $120 million in mobile game developer Kabam, best known for games like “Dragons of Atlantis” and for buying the naming rights to UC Berkeley’s Memorial Stadium.

 “Alibaba Invests $120M In Kabam At A […]
post thumbnail

Argentine Default To Hit Brazil Factories, Uruguay Resorts

Argentina’s debt default threatens to worsen trade tensions in South America, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession. “Argentine Default To Hit Brazil Factories, Uruguay Resorts” is categorized as “business”. This video was licensed […]
post thumbnail

Ackman Takes Blame After Hyped Herbalife Talk Flopped

Billionaire investor William Ackman called himself his “own worst enemy” in reviewing why last week’s much hyped presentation on Herbalife Ltd.’s nutrition clubs failed to deliver the “death blow” he had originally promised. He said in the interview, “People were looking for the dead body and the smoking gun and instead what they got was […]
post thumbnail

Burger King Cuts Ties With Supplier In China Food Safety Scare

Burger King Worldwide Incorporated said on Thursday it would no longer buy products from OSI Group LLC suppliers in China, where the fast-food hamburger chain has about 200 restaurants. OSI is the U.S. parent of Shanghai Husi Food, the factory at the heart of China’s latest food safety scandal of workers allegedly using expired meat. […]
post thumbnail

Fiat Investors Vote On Chrysler Merger To Ease Access To Cash, U.S. Investors

Fiat shareholders are expected to approve the Italian carmaker’s merger with its U.S. unit Chrysler on Friday, a union aimed at boosting the world’s seventh-largest auto group’s appeal with foreign investors and paving the way for a U.S. share listing. Chief Executive Sergio Marchionne completed the buyout of Chrysler earlier this year and is hoping […]
post thumbnail

Alibaba Invests $120 Million In Mobile Gaming Firm

Alibaba Group is backing another California startup, announcing a $120 million strategic investment in gaming company Kabam Inc. and a partnership to publish and distribute its free-to-play mobile games. The deal, which values San Francisco-based Kabam at more than $1 billion, comes after The Wall Street Journal reported Alibaba had held talks regarding a financing […]
post thumbnail

US Stocks Plunge, Wiping Out July’s Gains

U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve. The drop interrupted a prolonged advance in the market and erased its gains for July. It was only the second monthly loss for stocks this year, after January. […]
post thumbnail

Default Fuels Uncertainty, Stock Drop In Argentina

Argentina’s economy minister says he is willing to hold further talks with holdout investors whose claim for bond payments forced the South American country into its second default in 13 years. Economy Minister Axel Kicillof spoke after returning from failed talks in New York. A U.S. court has blocked Argentina from making interest payments to […]
post thumbnail

Amid Default, Argentina Says Its Open To Talks

Argentina’s economy minister says he is willing to hold further talks with holdout investors whose claim for bond payments forced the South American country into its second default in 13 years. Economy Minister Axel Kicillof spoke after returning from failed talks in New York. A U.S. court has blocked Argentina from making interest payments to […]
post thumbnail

Southwest Airlines, SeaWorld To End Marketing Partnership

Southwest Airlines and SeaWorld said on Thursday they are ending a longtime marketing partnership, as the airline faces pressure from animal rights groups critical of the marine life conditions at its popular tourist attractions. The companies called it a mutual decision to drop the contract when it expires at the end of the year. SeaWorld […]
post thumbnail

GoPro Falls 8% After Reporting Stronger-Than-Expected Q2 Revenue Of $244.6M

Today marked GoPro’s first earnings report as a public company. The camera firm traded up more than 3.5% in regular hours before its release. For the second quarter, GoPro had revenue of $244.6 million, up 38.1% year-over-year, and earnings per share of $0.08 on a non-GAAP basis. For comparison, in the first quarter of 2014, […]
post thumbnail

Free, France’s T-Mobile, Wants To Acquire T-Mobile For $15 Billion

France’s disruptive telecom company Free just announced that it wanted to acquire T-Mobile US. Free (also known as Iliad) offers $15 billion in cash for 56.6 percent of the American company at $33 per share. Overall, Free says that it values T-Mobile at a 42 percent premium compared to T-Mobile’s share price of $25.4 before […]
post thumbnail

LinkedIn Beats The Street In Q2 On Sales Of $511M, EPS Of $0.51

With social networks Facebook and Twitter handily beating analyst estimates for Q2 earnings, LinkedIn today reported its Q2 results and showed that rising tides are lifting its boat, too. Revenue for the second quarter was $534 million and its EPS (non-GAAP diluted) was $0.51 as the company also raised its guidance for Q3 and the […]
post thumbnail

Home Owned By Trump Holdout Sells At Auction

An Atlantic City-area real estate figure has bought at auction a property that earned its owner near-folk hero status for resisting decades of overtures from developers including Donald Trump. Joshua Olshin of AuctionAdvisors says Vera Coking’s modest three-story boardinghouse sold Thursday afternoon for $530,000 plus 10 percent commission. Olshin says that bidding was active and […]
Content on this website is not meant to be a recommendation or an offer to buy or sell any security. Click here to read our full disclaimer.