Money Matters: Priceline makes stock history

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September 19, 2013, 7:56 am
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(NECN) - Asian stocks are on the rise following the Federal Reserve’s decision to leave its stimulus measures unchanged.

Australian shares rose to a new five-year high and Japan’s Nikkei index hit a two-month high.
     
Markets in Indonesia, the Philippines and Hong Kong also rose.
     
Wednesday's announcement came as a surprise to traders, who were expecting a reduction in bond purchases.

Travel bidding site Priceline has made history, becoming the first stock in the S&P 500 to break the $1,000-a-share barrier.
     
The Norwalk, Conn.-based company has seen shares soar more than 60-percent this year on strong earnings growth from demand for its services.
     
Close behind Priceline in share prices is Google, which closed at just over $900-a-share Wednesday.

Massive layoffs are reportedly on the horizon for one struggling smartphone maker.
     
The Wall Street Journal reports Blackberry will cut up to 40-percent of its workforce by the end of the year.
     
The layoffs will reportedly "cut across all departments and will occur in waves."
     
Blackberry has failed to jump-start sales, despite releasing new phones and software in January.

Watch the attached video for more.

Tags: layoffs, stocks, Google, Money Matters, Stock Market, Blackberry, shares, Priceline, S&P 500
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