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Fund managers look to make room for Alibaba

Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc's market debut next month - and that means some less attractive stocks that funds are holding might be shown the door.

Aug 27, 2014 9:39 AM EDT


Teenager gatecrashes Serena and Federer party

Despite boasting 34 grand slam singles titles between them, Serena Williams and Roger Federer were forced to share the spotlight with a 15-year-old at the U.S. Open on Tuesday as all three advanced to the second round.

Aug 27, 2014 9:31 AM EDT


Buffett puts shareholders ahead of patriotism in Canadian deal

Warren Buffett may be most famous for the billions of dollars he has made from investing but he is also well known as a cheerleader for the United States. The Oracle of Omaha routinely exhorts investors to put their money in America, "the mother lode of opportunity," as he wrote in his annual letter this year.

Aug 27, 2014 9:28 AM EDT


Texas family to part ways with skeleton of mammoth found on its farm

A North Texas family, who discovered the skeleton of a 20,000- to 40,000-year-old mammoth while mining through sediment on their farm, is preparing to turn over the remains to a local museum.

Aug 27, 2014 9:24 AM EDT


From Texas, where everything is bigger, the 99-pack of beer

Beer packaging has just gotten a lot bigger in Texas, where a small brewery is launching a 99-pack of its "Peacemaker" ale.

Aug 27, 2014 9:20 AM EDT


WHO employee infected by Ebola to be flown to Hamburg for treatment

An employee of the World Health Organization (WHO) who contracted Ebola in Sierra Leone will be flown to the German city of Hamburg for treatment, a spokesman for the city said.

Aug 27, 2014 9:17 AM EDT


Uber eyes aggressive expansion in Germany despite bans

U.S. car service Uber is planning an aggressive expansion in Germany despite a backlash from cities like Berlin and Hamburg, which have questioned its right to operate in highly regulated markets dominated by traditional taxis.

Aug 27, 2014 9:14 AM EDT


Futures point to flat open with indexes at records

U.S. stock index futures pointed to a flat open on Wednesday, as investors found few reasons to keep buying after a rally that has taken indexes to repeated records, even as there was little seen on the horizon that could derail the rally.

Aug 27, 2014 9:11 AM EDT


Kleiner to invest in messaging startup Snapchat at near-$10 billion valuation: report

Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.

Aug 27, 2014 9:08 AM EDT


Islamic State executes soldiers, takes hostages at Syria base: social media

Islamic State militants have executed Syrian army soldiers and are holding a group hostage after capturing an air base in northeast Syria at the weekend, pictures posted on social media by supporters showed on Wednesday.

Aug 27, 2014 9:04 AM EDT


GM ignition-switch fund receives claims for more than 100 deaths

A program to compensate victims of crashes linked to a faulty ignition switch in General Motors vehicles has received claims for 107 deaths as of Tuesday, according to a spokeswoman for the lawyer overseeing the program.

Aug 27, 2014 8:57 AM EDT


U.S. home prices fall in June: S&P/Case-Shiller

U.S. single-family home prices fell in June and disappointed expectations, a closely watched survey said on Tuesday.

Aug 26, 2014 10:34 AM EDT


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