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Wall Street Remains Divided on Netflix’s Second Quarter

Wall Street Remains Divided on Netflix’s Second Quarter

Netflix Inc. (NASDAQ: NFLX) shares have surged 110% this year alone, becoming the best performer in the S&P 500. Despite its rally, Deutsche Bank warns that the tech giant may miss its second quarter subscriber estimates, but Wall Street remains..

Venture Capitalist Firm to Raise Next Largest European Fund

Venture Capitalist Firm to Raise Next Largest European Fund

Venture capitalist firm Lakestar is attempting to raise the next largest European fund for startup investments. Lakestar is targeting around USD 800 Million in investments, according to three people with knowledge of the matter. There’s no cer..

Biogen Reports Positive Results on Alzheimer's Trial, Shares Soar

Biogen Reports Positive Results on Alzheimer's Trial, Shares Soar

Biogen Inc. (NASDAQ: BIIB) announced today that the outcome of its large clinical trial consisting of 856 patients regarding an Alzheimer’s drug produced positive results. Together with its Japanese partner, Eisai Co., the experimental dr..

Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi has set initial tentative terms for the world’s biggest initial public offering with potential to raise up to $6.1 billion in Hong Kong. The Chinese smartphone maker plan to offer 2.18 billion shares at HK$17 to HK$22 each, with talks w..

Citigroup and Deutsche Bank face 'criminal cartel' charges

Citigroup and Deutsche Bank face 'criminal cartel' charges

Citigroup Inc (NYSE: C), Deutsche Bank AG (NYSE: DB) and the Australian bank, ANZ are currently facing criminal charges in Australia resulting in an investigation into their responsibility in the sale of shares in one of the country’s top bank..

Alibaba places shares into healthcare assets ($1.4 BILLION DEAL)

Alibaba places shares into healthcare assets ($1.4 BILLION DEAL)

Chinese e-commerce business Alibaba Group Holding Ltd (NYSE: BABA) sold some shares of pharmaceutical business to fund purchases of health-related assets through $1.4 billion deal.Alibaba Health Information Technology Ltd., a subsidiary of Alibaba, ..

Deutsche Bank Shares Slip After Plans to Cut 7000 Jobs

Deutsche Bank Shares Slip After Plans to Cut 7000 Jobs

Deutsche Bank (NYSE:DB) shares slipped by 6.4 percent after it announced to cut more than 7,000 jobs to reduce expenses and return profitability back to reassure investors and clients.The bank released a statement regarding its Equities business rev..