market

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Shares of Chinese smartphone maker Xiaomi Corp. opened to trade in Hong Kong on Monday and fell below its IPO price.The initial public offering price of Xiao was HK 17 per share, which is at the low end of an expected range. It gave Xiaomi a valuati..

Starbucks Announces That It Will Stop Using Plastic Straws by 2020

Starbucks Announces That It Will Stop Using Plastic Straws by 2020

Starbucks (NASDAQ: SBUX) announced today that it will eliminate single-use plastic straws from its 28,000 global stores by the year 2020. The Company stated that it stores will be offering straw-less lids or alternative-material straw options i..

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..

Credit Suisse Charged With Corruption, Fined USD 77 Million

Credit Suisse Charged With Corruption, Fined USD 77 Million

Credit Suisse (NYSE: CS) has agreed to pay the Justice Department and the Securities and Exchange Commission (SEC) USD 77 Million in order to settle charges of hiring relatives of influential Chinese officials in order to acquire business in the cou..

Macy's Plans to Expand Bluemercury by Adding 55 More Stores

Macy's Plans to Expand Bluemercury by Adding 55 More Stores

Bluemercury is Macy's Inc (NYSE: M) answer the competition against beauty chain stores such as Ulta and Sephora. Macy’s acquired the luxury beauty retail chain in 2015 for USD 210 Million.The Company co-founded by Marla and Barry..

International Speedway Released Second-Quarter Results

International Speedway Released Second-Quarter Results

On Thursday, International Speedway Corporation (NASDAQ: ISCA) announced its financial results for the second quarter of fiscal 2018.According to the company, total revenue for the second quarter increased 3.9% from $165.3 million for the same perio..

Qatar to buy Plaza Hotel in New York

Qatar to buy Plaza Hotel in New York

Katara Holding, Qatar’s stated owned hospitality company, has acquired one of New York’s most iconic buildings, the Plaza Hotel, in a USD 600 Million deal, making the hotel the newest addition to the Company’s portfolio. The Compan..