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Oregon nut butter recalled amid Salmonella outbreak

JEM Raw is recalling all flavour of its sprouted nut butter spreads as the CDC and U.S. health authorities investigate Salmonella-related illnesses that may be linked to the product. The are 11 people in 9 states infected by the Salmonella in age between 1 and 79.

Dec 04, 2015 4:11 AM EST

What entrepreneurs need to know about crowdfunding

The increasing number of new businesses are creating more demand for fresh capital in the US. The new startups are looking to raise funds via a crowdfunding platform. However, a majority of startups are not aware of crowdfunding platforms. Several states are relaxing norms allowing non-accredited investors to park their money in startups.

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Chinese regulator defends its intervention in securities market

China Securities Regulatory Commission (CSRC) has defended its interventions in the market as it prevented further volatility after the August crash. The intervention was justified as foresight on the part of Chineses officials to prevent a possible market crash.

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Opec members lock horns over who should cut down production

The latest meeting of OPEC in Vienna concluded without any decision on the production level. Saudi Arabia is believed to have proposed production cuts if non-OPEC nations join them. OPEC members are also discussing on who should cut the production. There's no conclusion after the one hour-long meeting.

American CEOs: US economy remains gloomy, tax code uncompetitive

A majority of chief executives expressed their concerns over the US economy and not willing to spend more in 2016. They said US tax code is not competitive and driving many companies to leave the US as they prefer tax havens.

Dec 04, 2015 2:37 AM EST

Amazon tops the 10 tech stocks in billionaires' trading

Technology stocks have been at the center of attention for billionaire traders on the Wall Street this year so far. Amazon leads the top-traded technology stocks among high net worth traders on the buy list. After recording encouraging gains in 2015, the FANG (Facebook, Amazon, Netflix and Google) stocks may witness reverse trend in 2016, forecast market analysts.

Dec 04, 2015 2:31 AM EST

Volvo unveils the 2017 S90 premium hybrid sedan with semi-autopilot feature

Volvo has introduced the 2017 S9 premium sedan at its headquarters in Gothenburg, Sweden. The new sedan is the sedan version of Volvo XC90 with a similar engine, design, infotainment, and platform proportion. The S90 will go on the public at the Detroit Auto Show next month.

Dec 04, 2015 2:28 AM EST

Philippines snackmaker Liwayway Group is now a leading brand in China

Liwayway Holdings, a Philippines-based snackmaker, started its business in China in 1993 and now is one of the leading snack makers in the country. Its product, Oishi snacks, is now one of China's iconic brands and one of the top five snack food brand is Asia Pacific.

Dec 04, 2015 2:26 AM EST

Fiat-Chrysler rolls out winter wheel and tire packages

Fiat-Chrysler Automobile launches new winter wheel and tire packages through its parts group Mopar. The winter sets come with 1,100 of wheel-tire combinations and available at FCA dealerships. The packages are priced between $242 and $292 per tire.

Dec 04, 2015 2:23 AM EST

Grupo BTG Pactual shares and bonds plummet, ratings downgraded after billionaire CEO Andre Esteves detention extended by court

Following the arrest of Banco BTG Pactual's CEO billionaire Andre Esteves, the Supreme Court in Brazil extended his detention indefinitely. Shares and bonds of Banco BTG plummeted while Moody's Investors Service downgraded its baseline credit assessment by two levels.

Dec 04, 2015 2:18 AM EST

General Electric agreed to pay $2.25M penalty for air pollution

General Electric Co. will pay a $2.25 million in civil penalty for releasing unsafe levels of air pollution former silicone plant in Waterford.

Dec 03, 2015 9:57 PM EST

Fiat Chrysler Delays Launch of Alfa Romeo, Maserati models due to Chinese economic slowdown

Fiat Chrysler Automobiles will delay the introduction of its Maserati Alfieri sports car and Giulia-based Alfa Romeo SUV as its sales are affected by the slow economic growth of China.

Dec 03, 2015 9:52 PM EST

Australian authorities says new analysis shows they're searching for the Malaysian airliner Flight 370 in the right place

Australian authorities said that new analysis confirms they are searching in the right place for the Malaysia Airlines Flight 370, which disappeared on March 8, 2014 carrying 239 people.

Dec 03, 2015 9:49 PM EST