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Updated: 14 min 36 sec ago
Facebook Inc's purchase of fast-growing mobile-messaging startup WhatsApp for $19 billion stunned the markets but analysts said the deal made strategic sense as it will solidify the social network's position as a leader in mobile.
Treasury prices fell Thursday, sending yields higher, after data showed a measure of inflation inching up and the number of people applying for jobless benefits edging down.
Prices for consumer goods rose slightly in January as cold weather pushed up prices for fuel and electricity, but inflation pressure remained subdued.
U.S. consumer prices rose a seasonally adjusted 0.1% in January, largely because of higher costs for heating, electricity and housing, the Labor Department reported Thursday.
Google Inc's Google Ventures co-led a $25.5 million investment in Ionic Security Inc, an Atlanta-based startup developing technology to protect corporate data on mobile devices and in the cloud.
Activist Investor Nelson Peltz renewed his crusade to convince PepsiCo Inc to spin off its slow-growing beverage business from its flourishing snacks division, less than a week after the company poured cold water on the idea.
Consumer prices probably rose a touch in January and U.S. jobless claims may have fallen slightly, according to a MarketWatch poll of economists.
Facebok paid more than double its annual revenue for the messaging app, but despite skepticism, some analysts see the move as positive.
U.S. stock-index futures dipped on Thursday as traders eyed disappointing economic reports from Europe and China.
Stock futures pointed lower after unexpectedly downbeat data from China, as investors readied for consumer prices and manufacturing data in the U.S.
Wal-Mart Stories Inc. reported its fourth-quarter profit fell to $4.43 billion, or $1.36 a share, from $5.61 billion, or $1.67 a share, a year earlier.
WhatsApp grew up in Silicon Valley, but its founder's background in Eastern Europe gave it its DNA.
Japan suffered a record trade deficit in January as a weak yen pushed up the cost of imports and failed to substantially raise exports, suggesting that the trade-reliant economy faces a bumpy ride even as policymakers put on a brave face about the outlook.
Hong Kong stocks fell on Thursday, as weaker-than-expected preliminary China manufacturing data from HSBC spooked investors.
Chinese manufacturing is contracting as activity hits its weakest pace in seven months, according to HSBC's preliminary reading on the sector for February, released Thursday.
Japanese stocks fell early Thursday, losing ground after trade data from the world's third-largest economy missed analyst expectations.
Japan's exports rose sharply in January, the Finance Ministry said Thursday, though the gain came in below economists' expectations.
Australia stocks advanced early Thursday, shrugging off a negative lead from Wall Street as some firms saw sharp moves after their earnings reports.
Facebook inked a deal late Wednesday to buy mobile messaging company WhatsApp for about $19 billion in cash and stock.
Shares of Facebook Inc. fell in the extended session Wednesday after the social network disclosed it was buying messaging network WhatsApp Inc. for $16 billion in stock and cash.