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Business

Pinterest shares soar 25 percent in market debut

Shares of online scrapbook company Pinterest Inc surged 25 percent in their debut on Thursday, giving it a market capitalization of $15.8 billion and signalling increased investor appetite for new tech listings.

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Blackstone to switch from a partnership to a corporation

Blackstone Group LP, the world's largest manager of alternative assets such as private equity and real estate, said on Thursday it would convert from a partnership to a corporation, in a bid to get more investors into its stock.

Wall Street slips as healthcare slumps again

U.S. stocks dipped in volatile trading on Thursday, ahead of a long Easter weekend, as another drop in healthcare stocks overshadowed gains from industrials after upbeat earnings.

U.S. wins WTO ruling against China grain import quotas

The United States won a World Trade Organization (WTO) ruling on Thursday against China's use of tariff-rate quotas for rice, wheat and corn, which it successfully argued limited market access for U.S. grain exports.

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