HANGZHOU China (Reuters) - E-commerce giant Alibaba Group Holding Ltd reported more than $9 billion in sales on China's Singles' Day on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar.
(Reuters) - BlackRock Inc is reorganizing its sales force and has hired Lee Beck, a former managing director with J.P. Morgan Funds, to oversee sales to wirehouses, according to an internal memo obtained by Reuters.
BEIJING (Reuters) - The global economic recovery is unstable and nations in the Asia Pacific Economic Cooperation (APEC) bloc should speed up free trade talks to spur growth, Chinese President Xi Jinping said on Tuesday.
WASHINGTON/MEXICO CITY (Reuters) - AT&T's $1.7 billion agreement to buy Iusacell, Mexico's No. 3 cellular operator, puts it in the unfamiliar position of market underdog, owning an asset that may require billions in investment to catch up to the market's two larger players.
NEW YORK (Reuters) - Pacific Investment Management Co. can withstand additional outflows of approximately $300-350 billion over the next two years before its portfolio management operation is impaired, according to research firm Morningstar Inc. on Tuesday.
DETROIT (Reuters) - U.S. safety regulators have opened separate investigations into potential steering issues in an estimated 374,000 Honda Accord sedans and an estimated 17,000 Infiniti EX35 compact crossover vehicles.
(Reuters) - Microsoft Corp said it would roll out its Lumia 535 smartphone this month with an affordable price tag in its key markets, dropping the Nokia name just months after buying the Finnish company's handset business.
(Reuters) - The United Auto Workers expect Volkswagen AG to announce soon a policy change that would allow for union representation at the company's plant in Chattanooga, Tennessee, where the union has faced challenges organizing workers.