Stephen King is an authority on The Stand, as could be expected. Today during the antitrust trial that will determine whether two of the largest publishing houses in the nation may merge, the author testified on behalf of the government. King has publicly criticized Penguin Random House’s plan to acquire his publisher, Simon & Schuster, … Read more
On Thursday, most Asian-Pacific stock prices rose. A private sector survey released on Thursday revealed that the services sector in China continued to shrink in April. The Caixin services Purchasing Managers’ Index (PMI) dropped from March’s reading of 42 to 36.2 for April. To market forecasts, the U.S. Federal Reserve raised its benchmark interest rate … Read more
Microsoft Corp. upbeat predicted sales for the just-started fiscal year, allaying investor worries about the growth that had arisen in the wake of a weak fourth-quarter results report. In late trading, shares increased by more than 5%, turning around earlier dips. The software giant started on a phone conference on Tuesday that it anticipates sales … Read more