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Stock Market News

Buffett cuts Tesco stake to below 3 percent
Buffett cuts Tesco stake to below 3 percent
By Reuters - Oct 16, 2014

LONDON (Reuters) - Warren Buffett, the billionaire chairman and chief executive of conglomerate Berkshire Hathaway, has cut his vehicle's stake in troubled British grocer Tesco to below 3 ...

Japan shares lead Asia lower, dollar index slumps
Japan shares lead Asia lower, dollar index slumps
By Reuters - Oct 16, 2014

By Lisa Twaronite TOKYO (Reuters) - Asian shares were off session lows but still nursed losses amid a sell-off in global equities on Thursday, as heightened concerns about world economic growth ...

Wal-Mart CEO vows to end minimum wage pay in future
Wal-Mart CEO vows to end minimum wage pay in future
By Reuters - Oct 16, 2014

(Reuters) - Wal-Mart Stores Inc (N:WMT) plans to improve opportunities for its employees so that in the future there will no longer be a few thousand workers on its payroll making minimum wage, the ...

eBay, Wal-Mart warnings stir holiday sales concerns
eBay, Wal-Mart warnings stir holiday sales concerns
By Reuters - Oct 16, 2014

SAN FRANCISCO (Reuters) - EBay Inc (O:EBAY) on Wednesday joined Wal-Mart Stores Inc (N:WMT) in cutting its outlook for the all-important holiday season, suggesting that the fourth quarter may turn ...

Netflix's U.S. growth slows, shares plunge
Netflix's U.S. growth slows, shares plunge
By Reuters - Oct 16, 2014

By Lisa Richwine (Reuters) - Netflix Inc signed up fewer video streaming subscribers than forecast for the quarter that ended in September as its U.S. growth slowed markedly, sending its shares ...

EBay Earnings Lukewarm In Q3
EBay Earnings Lukewarm In Q3
By International Business Times - Oct 15, 2014

By Thomas Halleck - EBay Inc. NASDAQ:EBAY shares fell slightly after the company reported third-quarter earnings that missed Wall Street expectations for revenue on Wednesday. The e-commerce company ...