But the total existing stock of cars is closer to one billion vehicles. If the average cost of a trip is $1 a mile (0.56 euros per kilometre), she estimated the market value could be as much as $10 trillion. That estimate helps to explain the valuations placed on apps such as ride-...
John Hume, who owns 1,500 rhinos on his farm north of Johannesburg, has stockpiled six tonnes of rhino horns and wants to sell 264 pieces weighing a total of 500 kilogrammes (1,100 pounds). He harvests the horns by tranquilising the animals and cutting them off—a technique he says is...
As there is less stock in circulation, they also mechanically boost their profits per share, a measure of performance that market analysts consider key. Some observers suspect that the enthusiasm of top managers for share buybacks may also be motivated by boosting the value of the variable part...
Seeing an opportunity for small businesses to buy and sell their goods online, he started Alibaba, initially running the company out of his apartment in the eastern city of Hangzhou. "The first time I used the Internet, I touched on the keyboard and I find 'well, this is something I beli...
Yahoo's stock gained $1.51, or 4 percent, to close Monday at $39.11. The shares have nearly doubled in the past year, primarily because Yahoo's 24 percent stake in Alibaba has been the only way for most investors to buy a slice of a company that is likened to China's version of ...
After Comcast came in with a $65 billion all-cash bid on June 13, Disney raised its offer last week to $71.3 billion while adding a cash component to its stock offer. Fox said last week the Disney proposal "offers a package of consideration, flexibility and deal certainty enhancements." ...
Terms of the acquisition were not disclosed. It is likely a windfall for Zagat's founders, who tried to sell the company in 2008. Google's stock rose $3.19, or 0.6 percent, to $537.22 in afternoon trading Thursday. The purchase may have rattled investors in OpenTable Inc., which provides...