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VW shares slump 4%, reversing early gains as crisis deepens

Berlin - Volkswagen shares slumped 4 percent in mid-afternoon trade Friday, wiping out earlier gains, as Germany's transport minister said 2.8 million vehicles in the carmarker's home turf were also fitted with emissions rigging devices.

Google announces massive restructuring, 'Alphabet' parent company

Google has surprised the world by announcing a large-scale restructuring of its entire business that will result in the formation of a new holding company, Alphabet, to contain the search giant itself and the various other companies it has acquired.

OnePlus sells 30,000 smartphones in just 64 seconds

Chinese smartphone brand OnePlus has announced that it burnt through all of its available stock for its new flagship handset, the OnePlus Two, after just 64 seconds of the phone going on sale in its home country. It packs $600 features into a $329 device.

Amazon Prime Day chaos: LG G4 sells for just one cent

A slip-up by Amazon in its U.S. Prime Day sale yesterday resulted in some delighted customers landing an off-contract LG G4 for just one cent. Amazon's confused response to the erroneous listing has left others complaining and feeling left out.

Snapchat is now worth over $16bn, snaps up $538m more funding

Popular messaging app Snapchat has raised another $537.6 million by selling off stock, leaving it valued at $16 billion. The app has gone from strength to strength since launch, helped by its popularity with teenagers and simple but intuitive appeal.

EE free portable charger offer attracts record numbers to stores

UK mobile operator EE's offer of a free portable charger to customers has proven to be incredibly popular. Visits to stores were up over 300 percent over the weekend as the chargers became available and the company has now used up all of its supply.

Apple CEO Tim Cook plans to donate his wealth to charity

Apple CEO Tim Cook has said that he plans to give much of his vast fortune away to charity in the near future, joining a list of tech executives including Bill Gates and Mark Zuckerberg who enjoy sharing their wealth with others.

FTSE 100 sets record on Tuesday but fails to hold it on Wednesday

After approval of economic reform proposals submitted by Greece helped the FTSE 100 reach record-breaking levels yesterday, it has fallen back considerably throughout the course of today, with shares in some major companies dropping by nearly 10 percent.

$386m missing as Hong Kong Bitcoin exchange closes

Over $386 million has allegedly been stolen by Hong Kong-based Bitcoin exchange MyCoin as it closed down this week, leading to claims that the company is withdrawing funds owed to over 3,000 investors.

Twitter founders, CEO to keep shares after 'lockup'

New York - Twitter co-founders Jack Dorsey and Evan Williams and chief executive Dick Costolo have no short-term plans to sell their shares in the social network, according to documents released Monday.

La Quinta shares rise after IPO raises $650 mn

New York - Hotel chain La Quinta rose Wednesday in its first day of trade after Blackstone Group successfully launched its third hotel stock offering since November into a hot IPO market.La Quinta Holdings shares rose 3.1 percent to $17.

Germany's Schaeuble says Greek troubles not EU's fault

Athens - German Finance Minister Wolfgang Schaeuble Sunday defended Europe's handling of Greece's debt crisis, saying there was no easier way to rescue the debt-laden country from crisis. "Unemployment in Greece isn't the result of European policy.

Google exits $1,000 stock club after special dividend

New York - US technology giant Google Thursday exited the rarified club of $1,000 stocks after creating a new class of shares that some say could be used to finance acquisitions.

Britain sells 7.8% of Lloyds bank for £4.2 bn

London - Britain has sold an extra 7.8-percent stake in bailed-out Lloyds Banking Group for £4.2 billion ($6.9 billion, 5.0 billion euros), it said Wednesday.The latest sale, pitched at 75.5 pence per share to institutional investors, takes the state's overall...

Candy Crush maker King in $500 mln Wall Street debut

New York - King Digital Entertainment raised a sweet half-billion dollars on Wall Street, and now it is time for the market to show its taste for the makers of mobile game Candy Crush.

Candy Crush maker King Digital raises $500 mn in IPO

New York - King Digital Entertainment, the creator of the wildly popular video game Candy Crush, priced its initial public offering at $22.50 per share Tuesday, raising $500 million in its Wall Street debut.

Britain's Co-op Bank reveals new £400 mn capital hole

London - Britain's crisis-hit Co-operative Bank on Monday revealed that it needed another £400 million ($660 million, 480 million euros) of fresh capital to help to fill a hole in its finances.Co-op said in a statement that it would seek the money via a sale o...

Japan Display shares plunge on Tokyo debut

Tokyo - Shares in Japan Display -- the world's biggest maker of screens for smartphones and tablets and a key Apple supplier -- plunged on their Tokyo debut Wednesday, following a $3.2 billion initial public offering.The stock, which at one stage lost more tha...

Japan Display shares plunge from IPO price

Tokyo - Shares in Japan Display -- the world's biggest maker of screens for smartphones and tablets and a key Apple supplier -- lost almost a quarter of its value on its debut Wednesday, following a $3.2 billion initial public offering.The firm slumped to 706 ...

Alibaba, Weibo see advantages in US listing

New York - In picking the US to launch initial public offerings rather than their home market, Chinese technology companies Alibaba and Weibo are opting for maximum visibility and access to capital.Alibaba, an e-commerce giant that blends elements of Google, eBay...

Fiat Chrysler aims for Oct 1 NYSE listing: Marchionne

Detroit - Fiat Chrysler Automobiles aims to list its shares on the New York Stock Exchange on October 1, chief executive officer Sergio Marchionne said Friday.The Italian giant changed its name after completing the purchase of Chrysler in January, nearly five ye...

Candy Crush maker sees IPO valuation up to $7.6 bn

City Of London - The maker of the addictive mobile game Candy Crush hopes to raise as much as $532.8 million in a New York IPO that would value the company at up to $7.6 billion.King Digital Entertainment, the British developer behind the hit game, filed new documents ...

Candy Crush maker to be valued at up to $7.6 bn in New York float

- King Digital Entertainment, the British developer behind the wildly-addictive mobile game Candy Crush, said on Wednesday that it could be valued at up to $7.6 billion in its eagerly-awaited upcoming flotation.The planned listing on the New York Stock E...

SAC Capital takes new name after insider scandal

New York - SAC Capital founder Steven A.

Japan LCD screen giant raises $3.2 bn in share sale

Tokyo - Japan Display, the world's biggest maker of screens for smartphones and tablets and a key supplier to Apple, said Monday it had raised $3.2 billion in an initial public offering ahead of a listing later this month.An official filing said its offering w...

Japan LCD screen giant plans $4.0 bn share sale

Tokyo - Japan Display, the world's biggest maker of screens for smartphones and tablet computers, on Monday announced details of a share offering that could raise up to $4.0 billion.The firm, which counts Apple and Sony as customers, said it would list its sha...

Talk of Weibo listing as China's Sina posts profit jump

Beijing - Chinese Internet giant Sina said its fourth-quarter net profit surged from a year ago, amid media reports it plans an overseas listing of its popular microblog service Weibo.Sina is planning to spin off its Weibo platform -- China's equivalent to Twitt...

Cargojet stock soars on Canada Post contract

Cargojet Inc <CJT.TO> shares rose more than 22 percent reaching an all-time high on Wednesday after the Canadian cargo carrier announced a seven-year deal with Canada Post that it estimates is worth about C$1 billion ($906.08 ...

Google becomes number two in market value

New York - Google overtook US oil giant ExxonMobil on Monday to become the world's number two company when rated by market value, behind its high-tech rival Apple.Even though Google shares fell 0.38 percent, a bigger drop in Exxon stock allowed the Internet giant...

Icahn steps back from battle with Apple

New York - Activist investor Carl Icahn said Monday he would no longer press Apple to boost its share buyback plan after a proxy advisory firm recommended against his proposal.
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Toronto Stock Exchange logo is seen in Toronto
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The Shanghai index has lost more than 30% of its value since a spectacular bull run ended with a pea...
The Shanghai index has lost more than 30% of its value since a spectacular bull run ended with a peak on June 12
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