decade-highs

GE, Alstom land $5.6 billion deals to supply Indian railway

General Electric and Alstom have won contracts worth a combined $5.6 billion to supply India's railways with new locomotives, as the vast but dilapidated state-owned network looks to foreign companies to help it modernise. France's Alstom has been picked to…

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GE, Alstom land $5.6 billion deals to supply Indian railway

decade-highs

Luxury brands suing Alibaba say mediation looks futile after Ma comments

SHANGHAI/NEW YORK (Reuters) – Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle. Gucci, Yves Saint Laurent and other brands…

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Luxury brands suing Alibaba say mediation looks futile after Ma comments

decade-highs

D.R. Horton’s profit surges as home sales jump

U.S. homebuilder sentiment hit decade highs in July, August and September as traffic from potential buyers gained ground, according to data from the National Association of Home Builders. Shares of D.R. Horton, which sells homes under the D.R. Horton, America's Builder, Express Homes and Emerald Homes brands, rose 2.5

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D.R. Horton’s profit surges as home sales jump