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3:52 pm

Wall street picks up on hopes Greece will avoid defaulting; Tiffany, TiVo gain

U.S. stocks rallied as technology and healthcare stocks gained and as investors hoped that Greece would avoid defaulting on its debt. The S&P 500 (INDEXSP:.INX) rose 1 percent to 2,125 at 3:41 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) increased 0.8 percent to 18,181, while the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) jumped 1.5 percent to 5,106. 

Breaking News

Wednesday, May 27, 3:57 pm

Carpathian Gold receives mining license for Rovina Valley project in Romania

Shares of Carpathian Gold (TSE:T.CPN) doubled on Wednesday, trading at C$0.015 cents on record volumes, after the Romanian National Agency for Mineral Resources granted its Samax Romania SRL sub...


10:54 am

Business welcomes Queen's Speech but warns on EU vote

Business broadly welcomed the new British government’s legislative agenda for the coming year, but warned that dragging out an EU referendum could hit confidence - and said the UK should stay in the bloc.


  • General Electric said to be in talks to sell flet financing unit to Canadian Element

    General Electric wants to cut its reliance on its finance businesses, except for those backing the aircraft and other industrial units

  • TSX rises as BMO, NBC report stronger earnings, hike dividend

    Canadian shares rose after Bank of Montreal and National Bank of Canada reported better-than-expected earnings and announced dividend increases. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.4 percent to 15,110.50 at 12:56 p.m. in Toronto. Three shares advanced for every two issues that declined as six out of the ten main share groups were in the positive territory.

  • Priceline to hike stake in China’s to 15%

    Priceline Group (NASDAQ:PCLN), a travel websites operator, will invest an additional $250 million in Chinese online travel company International (NASDAQ:CTRP) to tap the fast-growing China market. Shanghai-based Ctrip will issue convertible bonds to Priceline for the investment, the companies said in a statement today.

  • Amazon could pay higher taxes in Europe after renouncing reporting in Luxembourg

    As of May 1, Amazon said it has declared its revenues in UK, Germany, Spain and Italy instead of Luxembourg as it did before this date.

  • Largo Resources achieves 88% production capacity at Maracas mine

    This year, Largo achieved several milestones apart from the production amounts. Last March, the company said that recovery rates at the milling, kiln, and leaching systems have each met and surpassed design targets

  • Apple promotes design guru Jonathan Ive to Chief Design Officer

    Apple (NASDAQ:AAPL) promoted British designer Jony Ive to the role of chief design officer at the world's most valuable company, according to reports. Ive, who as a lead designer with the company helped conceive the iconic Apple looks of products like the iPod, iPad and Apple Watch, confirmed the promotion in an interview published today in the Daily Telegraph.

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