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U.S. consumer spending pauses, but rising confidence offers hope
WASHINGTON: U.S. consumer spending fell in July for the first time in six months, but confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary.
Dow, S&P 500 end lower following drop in energy shares
NEW YORK: The Dow and S&P 500 ended lower on Monday after a drop in energy shares, while the Nasdaq edged higher with Yahoo.
Alibaba options expected to be listed on Sept. 29
NEW YORK: Investors looking to hedge their bets or speculate on the direction of Alibaba Group's stock after its expected public sale of shares on Friday, will be able to trade its options in two weeks, as U.S. options exchanges are expected to list contracts on the company.
US stocks mixed, Nasdaq slumps to worst day since July, S&P 500 dips
NEW YORK: U.S. stocks closed mixed on Monday as the tech sector dragged the Nasdaq to its worst day since July and kept the S&P 500 near the unchanged mark as investors cleared the decks for Alibaba's debut planned for later this week.
Wall Street flat as Oracle takes air out of Alibaba debut
NEW YORK: U.S. stocks closed little changed on Friday after Alibaba's strong debut was offset by falling technology shares as Oracle and Yahoo stumbled, but the Dow managed to edge higher to set a record for a second straight session.
Wall St. rallies; S&P 500 posts best day since August
NEW YORK: The S&P 500 posted its best day since August on Friday following a stronger-than-expected September U.S. jobs report that bolstered the outlook for the U.S. economy.
Paris Baguette coming to Malaysia
PETALING JAYA: Naza Corp Holdings Sdn Bhd will be bringing South Korean bakery café franchise brand, Paris Baguette, to Malaysia via its collaboration with SPC Group.
S&P, Dow hit record as health, transport stocks rally (update)
NEW YORK: The Dow and S&P 500 extended their run of record high closes for a fourth session on Monday, led by transportation and healthcare shares.
Dow, S&P 500 set 5th session of record highs in light volume
NEW YORK: The Dow and S&P 500 eked out a fifth session of record closing highs on Tuesday, barely extending the market's recent rally in light volume as consumer discretionary shares gained.
Dow at record but S&P flat as energy weighs
NEW YORK: The Dow industrials closed at a record high on Thursday, boosted by gains in Wal-Mart, but the S&P 500 was little changed as energy shares tracked crude futures prices lower.
