Fortune

Chinese e-commerce behemoths Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) grossed over $68 billion in Singles Day sales Monday. What Happened Alibaba alone sold goods worth over $38.4 billion in total, surpassing the $30.8 billion it grossed last year by 26%, the company said in a statement....

Radio broadcaster iHeartMedia, Inc. (NASDAQ: IHRT) returned to the public market Thursday just months after emerging from bankruptcy. What Happened IHeartMedia, the largest radio broadcaster, emerged from bankruptcy in January when a judge approved a restructuring plan that eliminated more than $10...

Commission-free stock trading app Robinhood announced the acquisition Monday of millennial-focused podcast and newsletter company MarketSnacks. What Happened Robinhood's acquisition may seem odd at first glance given the fintech company's valuation of more than $5 billion,...

Interested in trying pancake-flavored beer? If so, Dine Brands Global Inc (NYSE: DIN)'s IHOP chain has you covered.  What Happened IHOP has struck a partnership with New York's Keegan Ales to sell IHOPS Pumpkin Pancake Stout beer. The company's buttermilk pancake mix is infused...

Cryptocurrency traders will soon have a major new no-fee trading option. On Wednesday, Voyager announced plans to offer commission-free trading for at least 15 major cryptocurrencies in the near future. What Happened? Voyager is a startup with a long list of deep-pocketed investors, including Uber...

Facebook, Inc. (NASDAQ: FB) declined to comment Friday on reports the social media platform is considering a cryptocurrency to enable electronic payments. “Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology,” a Facebook spokesperson said...

Meredith Corporation (NYSE: MDP), a company that owns multiple TV stations, digital and mobile operations and other media platforms, agreed to acquire Time Inc (NYSE: TIME), the content company best known for operating People, Time, Fortune, and Sports Illustrated magazines. What You Need To Know...

Time Inc (NYSE: TIME) traded up 27 percent Thursday after Charles and David Koch were revealed as the backers of Meredith Corporation (NYSE: MDP)’s takeover bid. The Koch brothers agreed to back Meredith’s purchase with more than $500 million, according to the New York Times ...

Wal-Mart Stores Inc (NYSE: WMT) is inviting everyone to one of its 20,000 parties at any of its 4,700 stores, Fortune reported. Walmart, looking to gain an advantage over its rival department stores during the holiday season, will host parties in its stores. The first party will take place on...

The ongoing battle between retail giants Wal-Mart Stores Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) has found a new battleground: returns. Amazon recently announced a new partnership where customers can return unwanted or defective items to certain Kohl's Corporation (NYSE: KSS) stores for...

Video and audio streaming device maker Roku is reportedly prepping for an IPO, which could materialize before the end of the year. Even as news trickled in, there were musings over the legitimacy and viability of the public offering. The IPO rumors aren't new, as Dow Jones reported back...

Apple Inc. (NASDAQ: AAPL) announced its latest payment feature, which will make the tech behemoth a major competitor in the growing peer-to-peer payments industry. The feature will enable Apple to compete head to head against the industry’s most dominant player, Venmo (acquired by Braintree...

Netflix, Inc. (NASDAQ: NFLX) announced this week it will enter the Chinese market through a partnership with the country's biggest streaming platform, iQIYI. The announcement helped boost Netflix's stock higher by nearly 6 percent, as the entrance into the very large (but also very censored...

A landmark case that could have ramifications for more than one industry is before the U.S. Supreme Court, and the case has polarized people as varied as companies, scholars, consumer advocacy groups, government and the legal fraternity as well. The Printer Cartridge Patent Case The U.S. Supreme...

With the retail industry in turmoil amid shifting consumer trends, Macy’s Inc (NYSE: M) had to be strategic in its selection of new leadership. It came up with Jeff Gennette, who on Thursday added “CEO” alongside his previous title of president. “Jeff Gennette is an...