Herman Leung News
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The 100 richest people on the planet dropped $17.7 billion from their collective net worth this week after disappointing corporate earnings in the U.S. were compounded by worries over economic growth.
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Google Inc.’s profit and sales are under pressure as the operator of the largest search engine struggles to wring advertising dollars from the growing number of people who surf the Web on tablets and smartphones.
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EBay Inc. and Amazon.com Inc. sales growth slowed in September, signaling that consumers may not increase holiday spending as much as expected, said Herman Leung, an analyst at Susquehanna Financial Group.
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Facebook Inc.’s stock plunge has robbed Goldman Sachs Group Inc. and Microsoft Corp. of much of the potential gain they could unlock as soon as this week, when a ban on sales of insiders’ shares begins to lift.
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Yahoo! Inc. rose yesterday after saying it’s returning to shareholders most of the proceeds from the sale of half its stake in Alibaba Group Holding Ltd., allaying concern that the money would be spent on takeovers.
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Facebook Inc. Chief Executive Officer Mark Zuckerberg, faced with a plummeting stock price and deluge of shares hitting the market, said he won’t start selling his holdings in the company for at least a year.
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Amazon.com Inc.’s Kindle Fire is poised to help Chief Executive Officer Jeff Bezos lure bargain tablet-computer shoppers. It’s unlikely to dislodge Apple Inc. from its perch at the top of the market.
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Amazon.com Inc. unveiled a new line of bigger, faster and sleeker Kindle e-readers and tablets, presenting a fresh challenge to Apple Inc.’s dominance of the market with the iPad.
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Yahoo! Inc. has cost its shareholders so much money that a buyer would now be able take over the most- visited U.S. Web portal for less than the value of its stakes in Alibaba Group Holding Ltd. and Yahoo Japan Corp.
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Expedia Inc. , the world’s largest online travel company, fell the most in more than four years on the Nasdaq Stock Market after the company reported fourth- quarter profit that missed analysts’ estimates.
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