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Stock Market News

Allianz eyes sale options in Fireman's Fund revamp
Allianz eyes sale options in Fireman's Fund revamp
By Reuters - Sep 17, 2014

FRANKFURT (Reuters) - German insurer Allianz will overhaul and may sell parts of its U.S. property and casualty business Fireman's Fund after struggling for years to bring underwriting losses under ...

The Peculiarities Of 'Owning' Alibaba
The Peculiarities Of 'Owning' Alibaba
By International Business Times - Sep 17, 2014

By Matt Schiavenza - When Alibaba shares trade on the New York Stock Exchange later this week, in an IPO expected to be the biggest in American history, investors will finally be able to own a part of...

Ultrasonic says top executives and cash missing
Ultrasonic says top executives and cash missing
By Reuters - Sep 17, 2014

FRANKFURT (Reuters) - Ultrasonic AG, a Chinese footware maker listed in Germany, said most of its cash reserves in China and Hong Kong have disappeared, adding it has also lost trace of its chief ...

Sony Expects Annual Loss To Quadruple Over Previous Estimate
Sony Expects Annual Loss To Quadruple Over Previous Estimate
By International Business Times - Sep 17, 2014

By Sneha Shankar - Sony Corp TYO:6758 announced on Wednesday that it would incur a significantly bigger loss in the current fiscal year than previously predicted. The Japanese electronics giant also ...

European stocks rise with focus on Fed; Dax up 0.52%
European stocks rise with focus on Fed; Dax up 0.52%
By Investing.com - Sep 17, 2014 1

Investing.com - European stocks were higher on Wednesday, as investors awaited the outcome of the Federal Reserve's two-day policy meeting, as well as an upcoming vote on Scottish ...

Variety is key in Mondelez coffee growth strategy
Variety is key in Mondelez coffee growth strategy
By Reuters - Sep 17, 2014

By Martinne Geller LONDON (Reuters) - Offering an array of hot and cold single-serve drinks is central to the growth strategy of Mondelez International Inc's (O:MDLZ) European coffee business, which ...

Asia stocks turn mixed with Fed, China stimulus in focus
Asia stocks turn mixed with Fed, China stimulus in focus
By Investing.com - Sep 17, 2014 1

Investing.com - Asian stock markets turned mixed on Wednesday, as investors awaited the conclusion of a highly anticipated Federal Reserve meeting later in the day. During late Asian trade, Hong ...

Corinthian Faces Predatory Lending Lawsuit by CFPB
Corinthian Faces Predatory Lending Lawsuit by CFPB
By International Business Times - Sep 17, 2014

By Catherine Dunn - In the spring of 2011, at the Everest College campus in Decatur, Georgia, a member of the financial aid staff is said to have earned an ominous nickname: the Grim Reaper. It ...

Endo Offers To Buy Auxilium Pharma For About $2.2 Billion
Endo Offers To Buy Auxilium Pharma For About $2.2 Billion
By International Business Times - Sep 17, 2014

By Reuters - Specialty health care company Endo International Plc (ENDP.O) (ENL.TO) offered to buy Auxilium Pharmaceuticals Inc (AUXL.O) for about $2.2 billion in cash and stock to expand its men's ...