Business

Yahoo’s 3Q Earnings Soar on Alibaba Windfall

Yahoo President and CEO Marissa Mayer speaks during the International Consumer Electronics Show in Las Vegas on Jan. 7, 2014. (AP Photo/Julie Jacobson)
Yahoo President and CEO Marissa Mayer speaks during the International Consumer Electronics Show in Las Vegas on Jan. 7, 2014. (AP Photo/Julie Jacobson)

SUNNYVALE, Calif.—Yahoo’s third-quarter earnings soared as the Internet company collected a huge windfall from Alibaba’s recent IPO. Revenue also rose slightly from the previous year,...


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    Wall Street Stocks Continue Falling in Early Trading

    U.S. stocks opened sharply lower Thursday, following declines in European markets and extending losses from a wild market swing the day before. The decline comes... Read more

  • Traders work in the ten-year bond pit on the floor of the CME Group in Chicago on Sept. 24, 2014. Main Street investors have poured a trillion dollars into bonds since the financial crisis, and helped send prices soaring. As fund managers and regulators fret about an inevitable sell-off, the bigger fear is that when people go to unload, there won’t be anyone to buy. (AP Photo/M. Spencer Green)

    US Gov’t Bonds’ Prices Surge the Most Since Financial Crisis

    NEW YORK—Investors flooded into the U.S. Treasury market in a way not seen since the depths of the financial crisis, causing the yield on the... Read more

  • A zipper on the side of One Times Square announces a stock selloff on Wall Street in New York, Wednesday, Oct. 15, 2014. A month-long drop in US stocks intensified in afternoon trading Wednesday, sending the Dow Jones industrial average down more than 400 points and putting the index on track for its biggest loss in more than a year. (AP Photo/Kathy Willens)

    For Varying Groups, Stock Markets Frenzy May Help or Hurt

    WASHINGTON—The turbulence that’s roiling financial markets is punishing stock investors, raising worries for major U.S. companies and will likely produce even punier returns for savers... Read more

  • Specialists Robert Tuccillo (L) and Frank Masiello work on the floor of the New York Stock Exchange Wednesday, Oct. 15, 2014. The Dow Jones industrial average plummeted as much as 460 points in afternoon trading, then clawed back much of the ground it lost. It ended down 173 points, or 1.1 percent. (AP Photo/Richard Drew)

    Dizzying Day for Wall Street as Stocks Plunge

    NEW YORK—Fear drove Wall Street to one of its most dramatic, dizzying days in years on Wednesday. Investors fled stocks and poured into bonds as worries about a global economic slowdown intensified... Read more

  • A financial news zipper on the front of Morgan Stanley's world headquarters shows news of US airline stocks falling on news of fears of traveling due to Ebola, Wednesday, Oct. 15, 2014, in New York. (AP Photo/Kathy Willens)

    Fresh Ebola Fears Hit Airline Stocks

    DALLAS—News that a health worker diagnosed with Ebola flew on a commercial flight raised fear among airline investors that the scare over the virus could... Read more

  • Specialist Jay Woods is reflected in a screen at his post that shows five years of the Dow Jones industrial average, on the floor of the New York Stock Exchange, on July 3, 2014. (AP Photo/Richard Drew)

    US Stocks Plunge, Extending Losses; Bond Prices Soar

    A plunge in U.S. stocks deepened in afternoon trading Wednesday, sending the Dow Jones industrial average down more than 400 points and putting the index on track for its... Read more

  • Laid-off ministry of finance cleaning staff and public sector workers march in central Athens. The staff has become figureheads for the country’s anti-austerity movement with their protests to demand their jobs back. (Louisa Gouliamaki/AFP/Getty Images)

    Not to Be Forgotten, Greece Concerns Flare Up, Hurt Markets

    ATHENS—After months out of the spotlight, Greece was back at the centre of Europe’s financial troubles on Wednesday, Oct. 15, when concerns over the stability... Read more

  • In this Oct. 8, 2014 photo, an American flag flies in front of the New York Stock Exchange in New York. U.S. stocks are plunging in early trading Wednesday, Oct. 15, 2014, as traders flee risky assets. (AP Photo/Mark Lennihan)

    Wall Street Stocks Continue Descent

    U.S. stocks tumbled in morning trading Wednesday as investor fears of a global economic slowdown intensified, setting the Dow Jones industrial average on course for... Read more

  • Wall Street Stocks Drop Sharply in Early Trading

    U.S. stocks are sharply lower in early trading as traders flee risky assets. The Dow Jones industrial average was down 180 points, or 1.2 percent,... Read more

  • Greek Stock Markets Nosedive Amid Political Uncertainty

    ATHENS, Greece—Uncertainty over the government’s survival and future of Greece’s bailout program has spurred a second day of heavy selling on the Athens Stock Exchange,... Read more

  • Brett Immel, senior partner at Growth Equity Group, at the World MoneyShow in Toronto on Oct. 17, 2014. (Epoch Times)

    Getting Back to Basics in US Real Estate Investing

    TORONTO—Investing successfully in U.S. real estate is increasingly about fundamental principles rather than capitalizing on existing opportunities that existed as the nation slowly started emerging... Read more

  • A single family home in Toronto, one of the three cities, along with Calgary and Vancouver, that make it seem as though Canada's housing market is overvalued. (Epoch Times)

    Canada’s Housing ‘Dual Market’ Poses Difficult Policymaker Challenge

    Canada’s housing market has cooled off slightly from this summer, but regional disparities make one-size-fits-all approaches to controlling it difficult. The Canadian Real Estate Association... Read more

  • Roger Federer of Switzerland returns a shot during his final match against Gilles Simon of France during the day 8 of the Shanghai Rolex Masters at the Qi Zhong Tennis Centre, Shanghai, China on Oct 12.  (Zhong Zhi/Getty Images)

    Federer Wins the Shanghai Masters

    SHANGHAI—Tennis fans around the world witnessed some spectacular tennis at the ATP Shanghai Rolex Masters. Eighteen players from the world top 20 were in the... Read more

  • Chinese Premier Li Keqiang speaks at a news conference with German Chancellor Angela Merkel during German-Chinese government consultations on Oct. 10, 2014 in Berlin, Germany. Premier Li has reiterated the support of the Chinese authorities for “one country two systems” policy in Hong Kong. (Adam Berry/Getty Images)

    Chinese State-run Media Mum on China Premier Li Keqiang’s Views on Hong Kong Pro-Democracy Umbrella Movement

    While Chinese Premier Li Keqiang was on a three-day visit to Germany, he made a significant statement about the political situation in Hong Kong. Somehow... Read more

  • In2ition: (L-R) Liana Pronio, Director of Sales, Lysha DeFreitas, Director of Operations, Jackie Pezer-Lilic, Director of Design Services, Debbie Cosic, CEO & Founder, Vesna Sola, Director of Sales.

    In2ition: Powerful Women of Canadian Real Estate

    Real estate is an industry where Canadian women have carved out a strong presence. Traditionally, female consumers have made the final decision on home choice,... Read more

  • Women of Baker Real Estate: (L-R) Krista Jackson, Barbara Lawlor (President), Kathy Grant, Kimberly Crescini.

    Baker Real Estate: Successful Women in Toronto Real Estate

    Great leaders create a culture of success in their organizations. In Canada, many of our corporate leaders are men. What kind of environment do successful... Read more

  • To be a successful real estate investor, you need a clear idea of the right strategies and objectives that are appropriate for your situation. (Fotolia)

    Six Considerations Before Starting to Invest in Real Estate

    Before you dive headfirst into real estate investing, there are a number of things you need to think about. Real estate investing is not just... Read more

  • What if subprime mortgages made a comeback?

    The United States subprime mortgage crisis was an extraordinary event that coincided with the recession in 2007. The catastrophic results triggered a significant decline in... Read more

  • In this file photo, Alicia Glen, MayorBill de Blasio's pick for Deputy Mayor for Housing and Economic Development, speaks to reporters in Brooklyn, New York, Monday Dec. 23, 2013. (Shenghua Sung)

    Brooklyn Front and Center in NYC’s Housing Strategy

    NEW YORK—Since Downtown Brooklyn was rezoned a decade ago, the ripple effect of the entrepreneurial spirit that flooded into the borough has turned Brooklyn into... Read more

  • (L–R) General Sales Manager Deirdre O’Connell, Flushing Sales Manager Donna Rubertone, President and CEO Patricia J. Petersen, and COO Tom Calabrese of Daniel Gale Sotheby’s International Realty cut the ribbon on their first Queens office in Flushing, Sept. 5, 2014. (Courtesy of Daniel Gale Sotheby’s International Realty)

    Luxury Brokerage Expands Into Queens

    Last week, Daniel Gale Sotheby’s International Realty officially opened its first Queens office in Flushing to target the most diverse of communities in the city.“We’ve... Read more

  • Houses become more affordable when mortgage rates fall. (Epoch Times)

    BMO Offers 2.99% 5-Year Fixed-Rate Mortgage Again

    TORONTO—The Bank of Montreal has slashed its five-year fixed mortgage rate to 2.99 percent, a level that had previously raised concerns that it may lead... Read more

  • A condominium complex is under construction west of downtown Toronto. CMHC expects condominium starts to decline over the near term. (Epoch Times)

    Canadian Housing Starts Lower Than Expectations in August

    OTTAWA—The annual pace of housing starts in Canada slowed in August to 192,368 units, down from 199,813 in July, according to the Canada Mortgage and... Read more

  • Mishelle Farer, an avid user of Airbnb, in her apartment where she rents a room on Airbnb, in New York on Oct. 10, 2013. (AP Photo/Seth Wenig, File)

    Breaking Down the Labyrinth of Tax Laws for New York Vacation Home Owners

    Room sharing, room renting, and vacation home rentals have become very popular, garnering significant attention recently.Leading websites such as HomeAway.com and VRBO.com each list over... Read more

  • Podium of 488 University, by CORE Architects. (Amexon)

    488 University Luxury Condo to Rise Above Distinguished Toronto Avenue

    This week, Amexon launched 488 University, a 55-storey mixed-use building at the corner of University Ave. and Dundas St. West.  This type of development may be... Read more

  • The Little Tokyo Service Center's headquarters are at Casa Heiwa, an affordable housing project in downtown Los Angeles. Aug. 19, 2014. (Eric Zhang/Epoch Times)

    Group Fights for Affordable Housing in LA

    LOS ANGELES—The average Los Angeles resident spends nearly half of his income on rent, higher than anywhere else in the U.S. The city also has... Read more

  • Canada’s Housing Market Gains Strength as Mortgage Rates Stay Low

    Canada’s housing market is akin to a snowball gaining in size as it rolls downhill pushed by ongoing low mortgage rates, but it’s not in... Read more

  • This property in Ottawa is an example of one that was recently closed and will be used for a rent to own. (Innovalty Investments)

    Rent-to-Own as a Successful Real Estate Investment Strategy

    A popular type of real estate investment strategy is what is known as “rent-to-own” investing, or “lease option” investing. I will use the term “rent-to-own”... Read more

  • Renderings of 50 West in downtown Manhattan. (DBox)

    Downtown Tower Draws Families Across Manhattan

    The 64-story curved-glass 50 West tower has officially opened sales to the public, after a quiet phase during which 30 percent of the 191 units... Read more

  • Report: Oversight Lacking in NYC Payroll Project

    NEW YORK—Investigators say poor oversight allowed a New York City payroll-technology project to spiral into a $700 million tangle of contractor fraud, budget overruns and... Read more

  • A rendering of the finished 7 million square-feet Manhattan West development. (Courtesy of Brookfield Properties)

    Manhattan’s Far West Taking Shape

    Manhattan’s far west side, once a strip of ports and rail yards, has been reclaiming underutilized land for upscale development in recent years. And none... Read more


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