Top Story

Tue 3:51 pm

Wall Street tanks as dollar rallies; Priceline, Wal-Mart slumps

U.S. stocks tanked today as a sharp increase in the dollar sent investors into havens such as Treasury bonds. The S&P 500 (INDEXSP:.INX) fell 1 percent to 2,105.52 at 3:43 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) slipped 1 percent to 18,051.98, while the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) lost 1.1 percent to 5,034.

Breaking News

Tuesday, May 26, 3:56 pm

Intellipharmaceutics granted FDA fast track designation for Rexista (TM)

Intellipharmaceutics International (TSE:I) (NASDAQ:IPCI) said that the United States Food and Drug Administration ("FDA") has approved Fast Track designation for its abuse deterrent Rexista Oxycod...

International

8:00 pm

Peninsula Energy looks for share price lift off with NYSE listing

Listing on the NYSE-MKT, Peninsula will gain access to the world’s largest capital market and fund managers and increased liquidity. This should see an increase in the company’s market valuation as it draw...

Articles

  • Priceline to hike stake in China’s Ctrip.com to 15%

    Priceline Group (NASDAQ:PCLN), a travel websites operator, will invest an additional $250 million in Chinese online travel company Ctrip.com 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.

  • TSX stumbles as drops in gold, oil nudge down commodity producers

    Canadian shares tumbled today as a plunge in gold and oil prices nudged down commodity producers. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) fell 1 percent to 15,036.88 at 12:55 p.m. in Toronto. Seven shares declined for every issue that advanced as nine out of the ten main share groups were in the negative territory.

  • 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.

  • Charter Communications to acquire Time Warner Cable for $56 bln

    Charter Communications (NASDAQ:CHTR) agreed to buy its much larger competitor Time Warner Cable (NYSE:TWC) for $56.7 billion, in a deal that would transform the company into one of America’s largest cable and broadband operators and to better compete against market leader Comcast (NASDAQ:CMCSA).

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