In an unexpected deal on New Year’s Day, Italy's Fiat and America’s United Auto Workers union (UAW) announced an agreement that will give the Italian carmaker complete control of its American ally, Chrysler. The settlement is a personal victory…
Dec. 30 (Bloomberg) -- Ken Sena, Analyst at Evercore Partners, discusses the performance of Twitter's stock, the company's impact on content providers, and if tech IPOs are manipulated. He speaks on Bloomberg Television's "Bloomberg Surveillance." (…
The Dow Jones Industrial Average Monday kicked off a holiday-shortened week with a new record high, even as the other two indices stalled in sluggish trade. The Dow jumped 25.88 points (0.16 percent) to 16,504.29, its fourth record close in the last…
US stock markets Thursday continued their bull run of 2013, closing at fresh records after a strong US unemployment report. The Dow Jones Industrial Average shot up 122.33 (0.75 percent) to 16,479.88, finishing at a record high for the sixth straight…
Here’s a video of one of the co-founders of Tesla Motors, Marc Tarpenning, talking about the early beginnings of electric car superstar Tesla Motors and its eventual development up to mid-2013. (The other co-founder was Martin Eberhard.) Below the…
US stocks continued their record-breaking run Tuesday, closing before a Christmas break at a new all time high following solid reports on durable goods and new home sales. The Dow Jones Industrial Average and the S&P 500 both hit their highest ever…
On December 23, 2013Apple has been quietly acquiring companies over the last year, yet hasn’t released the names of all of them yet. According to unnamed sources, two companies believed to be on the list are mapping startup BroadMap and Evernote-competitor…
Dec. 18 (Bloomberg) -- The Federal Reserve is cutting its monthly bond purchases to $75 billion from $85 billion, taking the first step toward unwinding the unprecedented stimulus that Chairman Ben S. Bernanke put in place to help the economy recover…
The Federal Reserve announced Wednesday it would start tapering its massive stimulus program in January, giving a vote of confidence in the recovery of the US economy and job market. The Fed will buy $75 billion on bonds a month next month, down from…
