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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

homes-under

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