Alibaba Group Holding Ltd (NYSE:BABA), a Chinese e-commerce company, debuted its options trading in the U.S. exchanges with very active options, coming forth as the 10th most active in Monday’s trading. The bearish and bullish bets were competing throughout the day. Information from Trade Alert, an options analytics firm, indicated that the total options volume…
The Boeing Company (BA) Plans to Move Defense Activities Out of Washington
The Boeing Company (NYSE:BA) has revealed a consolidation plan that will see the aircraft manufacturer shift some of its defense works to other U.S. states. The move is expected to affect 2,000 jobs and reduce the company’s defense activities from its manufacturing base in Puget Sound region. The plan is in line with The Boeing…
General Motors Company (GM) Deals With 23 Deaths Which Are Linked to Defective Ignition-Switch
As General Motors Company (NYSE:GM) continues with its compensation program for victims linked to the faulty ignition-switch that has led to the recall of 2.6 million vehicles, applications and approvals for compensation are on the rise. A report released by compensation fund manager Ken Feinberg reveals that the total deaths linked to the switch so…
Facebook Inc (FB) Instagram Inaccessible in Mainland China amid Pro-Democracy Protests in Hong Kong
Chinese authorities are said to have blocked Facebook Inc (NASDAQ:FB) Instagram to limit access to news as pro-democracy protestors hit the streets. The photo sharing platform has been blocked in mainland China as protestors engage police in Hong Kong. The news came after several Facebook Inc (NASDAQ:FB) Instagram users posted photos and videos of the…
Tesla Motors Inc (TSLA) Facing Car Charger Installation Challenges in China
Tesla Motors Inc (NASDAQ:TSLA) is focused on expanding its electric car market in China. However, the luxurious car maker is facing a huge challenge of getting the public and authorities to accept the chargers. The electric cars need to be charged to move, but getting adequate individual owned garages to install the chargers has been…
Goldman Sachs Group Inc (GS) Issues New Policy Barring Bankers from Buying Stocks
Goldman Sachs Group Inc (NYSE:GS), an investment adviser, has reviewed its policies to bar bankers from trading in individual shares and bonds. Citing conflict of interest, the company further said that bankers aren’t allowed to trade in “activist or event-driven hedge funds”. Before the new rules took effect, bankers only needed approval to invest in…
Exxon Mobil Corporation (XOM) and Russia Owned Rosneft Strike Oil in the Arctic Area
The well that brought in a lot of controversies could become one of the world’s most important crude oil deposits after Russia announced that the drilling by Exxon Mobil Corporation (NYSE:XOM) and Rosneft struck oil. The Kara Sea well becomes the most costly in Russian history. Several environmentalists have campaigned for the halt of the…
Microsoft Corporation (MSFT) CEO Promises Full Cooperation with Chinese Authorities in Antitrust Probe
Microsoft Corporation (NASDAQ:MSFT) chief executive Satya Nadella promised full cooperation with Chinese authorities in an antitrust probe into his company. He was speaking in a meeting with State Administration for Industry and Commerce (SAIC), a top regulator in Beijing. The largest software company is facing anti-monopoly investigations after Chinese regulators seized evidence from several Microsoft…
Yahoo! Inc. (YHOO) and AOL, Inc. (AOL) Merger Proposal Is Questioned By Analysts
Both Yahoo! Inc. (NASDAQ:YHOO) and AOL, Inc. (NYSE:AOL) haven’t had a good run in Silicon Valley. Activist investor Starboard Value LP however thinks that if the two companies come together in a merger, they will register some progress. The question that lingers is whether a possible merger will mean higher business growth or simply stagnation.…
Ford Motor Company (F) Recalls 850,000 Cars Because of Software ‘Hiccup’
The American automobile behemoth, Ford Motor Company (NYSE:F), has this year been forced to recall about 850,000 cars for repair. The recall is due to a software snag detected on the company’s latest releases. The potential fatal problem is with the restraint control module. The module is responsible for the deployment of the supplementary restraints…