The Chinese e-commerce giant Alibaba, has been expanding its business beyond its key base, venturing into other options such as online video, with a notable slowdown of growth in its online shopping business.
Reportedly, Jamie Dimon, the Chairman and CEO of JPMorgan Chase bought worth $26.6 million shares of his own bank. That might indicate his confidence in the bank although stocks have dropped to lower than they were about two years back.
Stocks of Buffalo Wild Wings Inc. (BWLD), the Minneapolis, Minnesota based company is being followed closely by the investors. It began the day at 154.41 touching the highest for the day at 154.94 before dropping to a level of
134.95. At the end of the day, the stock traded at 142.08.
Thermo Fisher Scientific Inc., will expand its range of laboratory equipment used by scientists and biologists as it buys Affymetrix Inc.
The Waltham, Massachusetts based company agreed to buy Affymetrix Inc. in a deal that's valued at approximately $1.3 billion.
JPMorgan Chase & Co. agreed to pay $307 million to end a probe by the Securities and Exchange Commission and the Commodity Futures Trading Commission which lasted for almost two years. The probe disclosed flaws and the bank admitted to two wrong doings.
San Diego, California based Qualcomm Inc, forecasted first-quarter profits that did not meet the expectation of the analysts. The chip making company is struggling to keep up with strong competition from rivals in China and Taiwan. The company is also struggling with delays in closing licensing agreements in China.
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