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Wayne Ellis

Hilton Crushes Twitter in IPO Take

In an Initial Public Offering (IPO) far less heralded than that of Twitter (TWTR), Hilton Worldwide Holdings, Inc. (HLT) re-entered the world of publicly traded companies when its 117.6 million shares sold for $20 each.

Will Skies Still be Friendly When 3 Billion Travel?

According to the International Air Transport Association (IATA), airlines will post a record $19.7 billion in net income in 2014.

Goldman Sachs Dodges $40 Billion-Bullet

Wall Street stalwart Goldman Sachs narrowly escaped having an enormous chunk of its revenue curtailed by the Volcker Rule.

Christmas Miracle: House & Senate Work Together on Budget

Investors received an early holiday gift yesterday when the House & Senate came together to agree on a budget that will avert another government shutdown.

Slow Train from China Back on Track

November statistics for China’s performance point to an economy that is getting back on track. Retail sales, a critical gauge of economic performance, grew 13.7 percent in the month — the fastest growth since last December and far ahead of expectations.

[European and Chinese flag shopping bags]

NSA Surveillance Fallout Hurts U.S. Companies Abroad

As more details of the National Security Agency’s (NSA) widespread spying efforts come to light, the companies complicit in these efforts — or even thought so — are paying the price overseas.