Shares of Weibo Corp. jumped 19% in their trading debut Thursday, a sharp reversal from the lackluster initial pricing for China's version of Twitter Inc. Weibo ended its first day of trading at $20.24, giving the company a total value of more than $4 billion.
The new business could impact Dallas-based MoneyGram, which is under contract with Wal-Mart to provide similar services. By HANAH CHO.
NEW YORK (AP) - Michaels Stores said Thursday that about 2.6 million cards, or about 7% of all debit and credit cards used at its namesake stores, may have been affected in a security breach.
SHANGHAI--Rises in property prices in 70 Chinese cities continued to moderate in March as lending limits and concerns about price cuts hit demand, according to analysts and property developers.
Federal Reserve Chairwoman Janet Yellen, center, speaks during a luncheon at the Economic Club of New York on Wednesday, April 16, 2014.