Yahoo Wants To Invest In Snapchat

Posted On October 04, 2014

(Undated) -- Yahoo wants to invest in photo messaging application Snapchat. According to a report by the "Wall Street Journal," Snapchat is close to finalizing a 20-million-dollar fundraising round led by venture capital firm Kleiner Perkins. Yahoo is involved in the talks and wants to make the Snapchat investment as part of the fundraising round.…

Stocks Stronger Friday

Posted On October 03, 2014

(New York, NY) -- The S&P 500 is posting its best day since August following a stronger-than-expected September U.S. jobs report which bolstered the outlook for the U.S. economy. The Dow Jones industrial average rose 207 points, to 17-08, the S&P 500 gained 21 points, to 19-67 and the Nasdaq Composite added 45 points, to…

Alibaba Offers Over 65-Million Shares After SEC Filing

Posted On October 03, 2014

(Undated) -- Alibaba Group Holding Limited is offering over 65-million shares under stock-based compensation plans. The Chinese e-commerce giant made the announcement in a regulatory filing Friday. The shares will be worth over five-billion-dollars. Alibaba recently made the largest initial public offering in history, raising about 25-billion-dollars.

Vice President Joe Biden Cheers Latest Jobs Report

Posted On October 03, 2014

(Washington, DC) -- Vice President Joe Biden is cheering September's better-than-expected jobs report. The economy added 248-thousand jobs last month and the unemployment rate dropped to five-point-nine percent, a six-year low. Speaking at a youth employment forum this morning in Washington, Biden said more than ten-million private sector jobs have been created over 55 consecutive…

Payrolls Way Up, Unemployment Falls

Posted On October 03, 2014

(Undated) -- The nation's unemployment rate is the lowest in six years. The jobless rate fell to five-point-nine percent in September. Figures from the Labor Department this morning also show the economy adding far more jobs than analysts expected. Non-farm payrolls grew by 248-thousand last month. That's 68-thousand more than August's revised figure of 180-thousand,…