JD.com Inc., the Chinese online retailer that handled more than $20 billion of purchases on its website last year, rose in its New York trading debut after a larger-than-expected initial public offering.
Chinese stocks trading in Hong Kong rose to the highest level in five weeks on a bigger-than- estimated improvement in manufacturing industries and increasing signs of policy measures to support the economy.
Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit.
Oculus VR Inc., the maker of virtual- reality goggles that Facebook Inc. is acquiring for $2 billion, was accused by ZeniMax Media Inc. of misappropriating intellectual property it claims is worth billions of dollars.
SAP AG’s Bill McDermott, who became the German company’s sole chief executive officer today, is counting on the leadership change to speed decision-making at the software maker trying to accelerate growth.
Steve Kerr said he might have become the coach of the New York Knicks, instead of the Golden State Warriors, if not for his non-stop travel during the National Basketball Association playoffs as a TNT network commentator.