Stories about Markets

Oct 30 2018

IBM acquires Red Hat in ‘largest software acquisition ever’ for $34 billion

Considering Red Hat's position as the leading Linux distribution provider in the business world, as well as the top operating system provider for cloud computing, that'...

Oct 30 2018

IBM to acquire open-source software company Red Hat

On Sunday, IBM announced it intends to acquirethe open source software company Red Hat for around $34 billion, or $190 per share. 'The acquisition of Red Hat is...

Oct 30 2018

Saudi and Turkish prosecutors meet over Khashoggi investigation

U.S. Defence Secretary Jim Mattis has said the killing undermines regional stability and has urged Saudi Arabia to conduct a full and complete investigation. Turkey...

Oct 30 2018

Merkel Government Braces for High-Stakes German State Election

The exit poll for broadcaster ARD showed only 13 percent of CDU voters believed Merkel had helped the party in Hesse, down from 70 percent at the last state election, ref...

Oct 29 2018

Are you a Mega Millions winner? Check your lottery ticket

Kent Fuel and Mini Mart gas station had an increase in customers coming in, who had hopes of winning 1.6 billion dollars. A $1.5 million investment in Microsoft Corp in 1...

Oct 29 2018

Players on edge for record $1.6 billion jackpot in Mega Millions drawing

Mega Millions confirmed the location Wednesday morning, concurring what the SC state lottery website had posted hours before. Last week, a 20-something bakery employee...

Oct 29 2018

Oil prices ebb as market frets over economic uncertainty

Crude oil futures prices of the United States gained 0.39 percent Friday on concerns over less supply from Iran . The major concern still includes the US-China trade wa...

Oct 29 2018

A single Mega Millions jackpot victor is reported, in SC

Anyone who hits all six numbers to win the jackpot can choose an immediate cash payment of $904 million or receive the $1.6 billion prize over 29 years. In addition to th...

Oct 29 2018

Migrant Caravan Refuses Offer Of Asylum, Work Assignments In Mexico

On Friday, Mexico offered temporary identification papers and jobs to migrants who register for asylum in that country, stepping up efforts to halt the advance of thous...

Oct 29 2018

Gains Wiped Out: Dow Falls 608 Points as October Losses Mount

There have also been disappointing quarterly earnings from several big-name companies, worldwide condemnation of Saudi Arabia - a major oil producer - over the killing of...

Oct 29 2018

$1 million lottery ticket sold at Phoenix convenience store

Winners can stay anonymous in seven states in addition to SC, but in the rest, winners' names are made public. That's because the fortuitous ticket was bought in SC, wh...

Oct 29 2018

Global billionaire wealth increased by 19% in 2017, say UBS and PwC

Though most of the world's billionaires are in the United States, China's ultra-wealthy is growing immensely, as two new billionaires are minted every week. The Chinese c...

Oct 28 2018

Which cars are most reliable?

Lexus and Toyota once again were at the top. The survey found that readers are having more trouble with technology created to increase fuel economy than they are wit...

Oct 28 2018

Amazon Posts Record Profit, but Disappoints on Revenue and Outlook

Amazon's stock closed regular trading up $117.97 a share, or 7.1%, to $1,782.17. In the holiday period previous year, Amazon saw sales of $US60.5 billion. "We believe th...

Oct 28 2018

Single ticket in SC wins record $1.6 billion Mega Millions jackpot

The six winning numbers drawn on Tuesday night were five, 28, 62, 65, 70 and another five as the special "gold Mega Ball". A life-changing amount of money if you be...

Oct 28 2018

How man's broken hip led to him winning major lotto prize

After selling a $1.5 billion winning lottery ticket, SC convenience store owner CJ Patel says he plans to share part of the business' $50,000 bonus with his employees. Mr...

Oct 28 2018

Amazon Q3 2018 Earnings - Lower Revenue But Higher Profits

The company showed slowing revenue growth in all categories quarter over quarter, including online sales and subscription sales, Amazon Web Services sales and its fas...

Oct 28 2018

Amazon squeezes out more profit as sales growth slows

Investors sought safe havens such as government bonds and the yen after Amazon's revenue expectations for its crucial fourth quarter came in way below analysts' forecas...

Oct 28 2018

Last Minute Thought: Buy or Sell Amazon (AMZN) Stock Before 3Q18 Earnings?

Alphabet stock dropped 3.5% in after-hours trading on the revenue miss. "We're very happy with the growth in the business", CFO Brian Olsavsky said on a conference ca...

Oct 27 2018

Amazon shares sink 10% on growth worries

While US economic growth kept apace despite trade wars, the same can not be said of USA corporate profit growth, as a slew of disappointing forecasts this earnings se...