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Business 30 Aug 2014 | 6:59 AM

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.

Business 09 Sep 2014 | 8:24 AM

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.

Business 17 Sep 2014 | 6:44 AM

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.

Business 16 Sep 2014 | 6:54 AM

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.

Business 20 Sep 2014 | 6:48 AM

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.

Business 04 Oct 2014 | 6:23 AM

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.

Corporate News 11 Nov 2014 | 12:00 AM

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.

Business 11 Nov 2014 | 6:38 AM

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.

Business 12 Nov 2014 | 6:19 AM

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.

Business 14 Nov 2014 | 6:29 AM

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.