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Fed keeps interest rates near zero, but hints of increase by mid-December

The Federal Reserve kept interest rates near zero last Wednesday after a two-day meeting, but said that it considers increasing it in their final meeting this year in mid-December.

Oct 31, 2015 8:01 AM EDT

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Facebook Becoming Like Craigslist with new Local Market

Facebook is testing its “Local Market,” which is a more structured marketplace for users to browse, search, buy, and sell products online like Craigslist.

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Nissan Expects to Sell 1 Million Autos in China this Year after Rebound in Demand

Nissan expects a million sales of passenger vehicles in China, as demand for cars rebounds after the government cut a purchase tax on small passenger vehicles.

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Hershey cuts profit forecast, reports lower US sales due to growing income gap

Chocolate maker Hershey Co is getting squeezed with the growing gap between low income and higher income US households, as it reported a lower-than-expected US sales Wednesday, cutting its profit forecast for 2015.

Santos received $1.1B offer from Quadrant Energy for Western Australian Gas Fields

Santos Ltd got a formal bid for $1.5 billion from Quadrant Energy Pty for a 45 percent stake in its Australian oil and gas fields located in the Carnarvon Basin.

Oct 29, 2015 10:32 PM EDT

Glencore to invest $950M to Mopani Copper Mine over three years

Glencore plans to invest its copper mine in Zambia for $950 million over three years. The company will upgrade the copper mine after 18 months of halting production due to a drop price for metals.

Oct 29, 2015 10:05 PM EDT

Elon Musk's Hyperloop is now building a test track

Hyperloop Transportation Technologies (HTT) is reportedly set to begin construction of the first Hyperloop test track in a couple weeks. The $150 million track will be built in Quay Valley, United States.

Oct 29, 2015 9:58 PM EDT

Apple's profit soars 31%, but holiday forecast muted

Apple's profit last quarter soared 31% from a year ago, beating Wall Street expectations. Despite that, the company's stock price closed flat Tuesday, after investors deemed the company's forecast for this holiday quarter muted.

Oct 29, 2015 9:55 PM EDT

Short sellers double bet on Weight Watchers as Oprah invested $43 million

Short sellers double down on Weight Watcher International, a weight management program service company, after its shares rose by Oprah's investment influence. Oprah invested $43 million for 10% stake for the company.

Oct 29, 2015 9:48 PM EDT

Surging dollar hits PayPal's revenues

After offloading eBay, PayPal has announced its results. The third quarter numbers disappointed investors, who are anticipating good results following the encouraging numbers from eBay. The rising US dollar hits revenues from China and Europe for PayPal.

Oct 29, 2015 9:45 PM EDT

Oracle will teach young people how to think, to build a high school

Oracle's founder billionaire Larry Ellison's long-time dream of having a school that would teach kids to think became true as Oracle announced plans to build a high school next to its Silicon Valley headquarters.

Oct 29, 2015 9:37 PM EDT

Samsung Galaxy View is the new 18-inch tablet

Samsung launches the new Samsung Galaxy View, an 18-inch tablet TV. The large screen tablet offers a new experience to enjoy streaming video and media content, as well as Android apps.

Oct 29, 2015 9:22 PM EDT

Ferrari shares rev up in market debut but shift to low gear a week later

Ferrari's IPO share was $52 on opening day. Shares went up to $60.97 before closing at $55. Analysts were quick to see this as a successful move by Ferrari to become an independent company. A week after market debut, Ferrari shares took a 7% dip.

Oct 29, 2015 11:06 AM EDT

Slack launches private channels for temporary private group chats

Business messaging app Slack launches a new feature enabling users to make private discussions with up to eight people on private channels. This feature is useful to discuss a short-term topic with selected users within a group.

Oct 29, 2015 11:02 AM EDT

UK factory output shrinks in Q3; exports drop

The strengthening British pound, a weak euro, and China's slowdown are impacting UK's manufacturing and export sectors. Factory output dropped for the third consecutive month. The UK is witnessing its third export recession in less than a decade.

Oct 29, 2015 10:58 AM EDT

Gold recovers marginally ahead of US Fed decision

The gold price rebounded in a cautious way ahead of the US Fed Reserves' statement. The investors and funds are in wati and watch mode anticipating cues for possible timing of next hike in interest rates. Hedge funds and money managers are bullish on gold, while technical analysts predict lacklustre trading in the yellow metal.

Oct 29, 2015 9:35 AM EDT