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Analysts says there is a bigger economic story behind the quarterly snapshots of Caterpillar and McDonald's

The third quarter report of Caterpillar and other heavyweight international companies could give a clearer picture of how the global economy is doing. It reveals that there really is a global economic slowdown.

Oct 23, 2015 6:42 AM EDT

News

New Canadian prime minister to pull out troops in the bombing campaigns against ISIS in Syria, Iraq

Canada’s new prime minister designate Justin Trudeau recently talked to US President Barack Obama to pull out troops operating in the bombing against ISIS in Iraq and Syria.

News

China says increasing outflow of money is normal, no sign of panic capital flight

Administration of Foreign Exchange (SAFE) Deputy Head Wang Xiaoyi said the recent outflow of money from China is normal and that it should not be regarded as capital flight.

News

Samsung Electronics considering share buybacks: Korea Economic Daily

Samsung Electronics Co Ltd considers buying back its own shares as a strategy by the South Korean conglomerate Samsung Group to boost shareholder value.

Early Christmas: Greece to get first €3B of aid package

The Greece government is poised to receive the €3-billion aid installment of €86-billion bailout package. The European Economics Commissioner Pierre Moscovici made an announcement to this effect. The European commission will deal with the recapitalization of banks and Greece's debt in November or December.

Oct 23, 2015 6:38 AM EDT

Nasdaq clocks 12% rise in profit on high trading volume

Nasdaq Inc recorded a 12 percent jump in quarterly profit as higher trading volume and acquisition of Dorsey Wright helped the transatlantic exchange operator perform better. Analysts forecast earnings of 86 cents per share.

Oct 23, 2015 6:32 AM EDT

Brazil keeps interest rates unchanged at 14.25%

Despite a surge in inflation and the ongoing worst recession in the economy, Brazil's central bank preferred to keep the interest rates at the same level without any change. Brazil seems to be avoiding more harm to the ailing economy in its worst recessions over the decades.

Oct 23, 2015 6:30 AM EDT

Misfit launched Shine 2: Smarter and thinner fitness and sleep tracker

Misfit has launched its second generation of activity and sleep tracker, Shine 2. The device offers new smart features and elegant thinner design, yet more affordable on price.

Oct 23, 2015 6:26 AM EDT

Intel to convert processor plant in China into memory chips factory

Intel is shifting its focus toward memory technology as demand for its core processors declines. The company says it will spend as much as $5.5 billion over the next few years to shift production in its China plant from processor chips to memory chips.

Oct 23, 2015 6:24 AM EDT

U.S. cities with highest rental rate increase

Rents are increasingly higher in the South and Pacific compared to the cities located in the Northeast and Midwest. California and Florida are two cities among with the highest rent hike.

Oct 23, 2015 4:07 AM EDT

Abbey Road Studios is entering the tech industry

Abbey Road Studios announces a new initiative by the company to become an incubator for music related tech starup. Currently there are few startup under the companies and more startup is expected to join soon.

Oct 23, 2015 3:54 AM EDT

Amazon to increase workforce for the holiday seasons

Holiday season is fast approaching prompting every store, online or not to accommodate customer demand on sales and customer service.

Oct 23, 2015 2:49 AM EDT

Alphabet reports an increase in revenue and announces shares buyback plan

Alphabet Inc, parent company for Google announces that the company third0quarter revenue increases by 13 percent. The company also announces shares buybcak plan of up to $5.09 billion.

Oct 23, 2015 2:38 AM EDT

Australia further delays $70-bn Shell's acquisition plan of BG

Royal Dutch Shell's $70-billion takeover of BG Group has been delayed as Australia's competition watchdog has postponed its final decision till 19 November. Australian Competition and Consumer Commission (ACCC) cited reasons that market participants expressed their concerns about the takeover that would impact the gas supply competition .

Oct 23, 2015 2:23 AM EDT

Drop in China sales hits Hyundai's profit

Hyundai Motor Co's net profit for the third quarter ending September fell 23 percent. The steep fall in China sales coupled with aggressive global incentives impacted the South Korean automobile major's performance in a more negative way. It missed analysts' forecast.

Oct 23, 2015 2:16 AM EDT

Beware of The Chip Credit Card Scam Emails: They Can Steal Your Identity

As financial institutions are currently in the process of transitioning their cardholders to EMV chip-embedded credit and debit cards, scammers are trying to take advantage by targeting those who have not yet received their new chip-embedded cards.

Oct 23, 2015 1:09 AM EDT