Youku, the highly promising Chinese online-video site, had the strongest first-day rally of anyone on a U.S. exchange since China’s Baidu in 2005. But the flip side to promise is risk — and the risks of pinning big hopes on Yo…
Are traders expecting a sell-off in big tech? Short sellers have increased their gambles against big-tech shares in the period that ended Nov. 30, with shares sold sold short in Intel rising 81%.
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When Google (GOOG) offered to buy Groupon for $6 billion, board members stood to make millions of dollars each. Co-founders Brad Keywell and Eric Lefkofsky could have walked away with $2.4 billion between them.
So why did they say no?
The answer, it…
The country’s second-largest bookstore widened its third-quarter loss to nearly double that of a year ago. Even worse, the estimated value of its inventory has declined, making it harder for Borders to borrow money. Will the co…
More shoppers are flocking to the Web for the holidays, boosting online retail sales 12% over a year ago. In five weeks ending Dec. 3, Americans spent $17.5 billion on retail items on the Web, up from $15.7 billion in the year-…