Result Page 252 for Archives

Samsung struggling to increase revenue

Samsung is expected to announce its quarter earning report on Wednesday. The company has been carrying out lots of different strategy in order to increase its revenue especially in the smartphone industry.

Oct 06, 2015 9:35 PM EDT

News

AI startup Perceptio acquired by Apple

Apple Inc. announces that the company had acquired a startup that is developing an AI software that could be use in the smartphone. The software will helps users to avoid dependency on cloud computing for their image.

News

Ubisoft acquires Ivory Tower, the French developer of The Crew

Games developer, Ubisoft, purchased the Ivory Tower, the French company that developed the popular racing game, The Crew.

World

These 10 cities consider short work hours as source of pride

Longer hours of work mean more fatigue and more stress. Who would ever want a longer period of work anyways? If you want a shorter period of work, 1 of these 10 cities might be the place for you.

Tax hike, cost reduction in Greece budget for 2016

Alexis Tsipras-led government has submitted a draft budget for 2016 to the Greece Parliament, The draft proposes stringent measures to reform the ailing economy. The measures include a tax hike, reduction in costs, slashing down in government spending, attracting foreign investment, etc.

Oct 06, 2015 5:07 AM EDT

Samsung may tap $55B cash reserves for share buyback

South Korean electronics major Samsung may take up share buyback to boost the share price, which's suffering tis worst loss of streak since December 1983. The global electronics major may use its huge $55-billion cash reserves for share buyback.

Oct 06, 2015 5:05 AM EDT

Wal-Mart cuts 450 jobs at headquarters

Headquarters of Wal-Mart in Bentonville is laying off employees in keeping up with the pace of the customers' shopping behavior. The retail company's goal is to push its e-Commerce and be as quick to cater to customer needs and complaints to name a few.

Oct 06, 2015 3:32 AM EDT

Bill Gross sees further 10% drop in US stocks

Bill Gross, a bond manager and co-founder of Pimco, forecasts further 10% drop in the US markets as flat corporate profits, oil price drop, slump in commodities prices, uncertainty in global economy will continue to impact the markets in a negative way.

Oct 06, 2015 1:23 AM EDT

American Apparel filed for bankruptcy protection; restructures $300M debt

American Apparel will restructure its debts upon filing for bankruptcy protection. CEO Paula Schneider said they plan the restructure for the next six months.

Oct 06, 2015 1:21 AM EDT

Growth in U.S. employment could make Fed hike interest rate

It's been a while since the last job rate increased and now Federal Reserve is eyeing a raise on interest rate. September records more jobs and is a sign that the U.S. economy is improving.

Oct 06, 2015 1:20 AM EDT

Shell assures investors: Dividends will be protected

Shell's CEO announce that the company will not cut its dividend payment this year even though the oil price continues to go low. The announcement was made in an email statement by Ben Van Beurden himself.

Oct 05, 2015 11:52 PM EDT

World Bank sees global poverty to slip below 10% for first time

The poverty percentage in the world population is poised to drop below 10 percent in 2015 for the first time, forecasts World Bank, which has raised the benchmark of international poverty line to $1.90per day from $1.25 a day in 2005 after taking Purchasing Power Parity (PPP) into consideration.

Oct 05, 2015 9:41 PM EDT

Volkswagen calls for an extraordinary board meeting over emission tests issue; will appoint Poetsch as the new head

Volkswagen board will have an extraordinary meeting on Wednesday. Along with that, Hans Dieter Poetsch will be appointed as the new head of the supervisory board.

Oct 05, 2015 9:34 PM EDT

Breakthrough in Trans Pacific trade talks

12 countries including the US, Australia, Japan, New Zealand seem to have reached an agreement on Trans Pacific Partnership (TPP) after the prolonged negotiations over five years. It's learnt that agreeing on monopoly on new heathcare drugs is a major breakthrough in arriving the deal. Australis inistited on five year protection on new healthcare drugs, while the US is keen on longer term of monopoly. Sources say that they arrived on a balancing act by adopting a two-way track in drug pricing mechanism.

Oct 05, 2015 9:29 PM EDT

Will China impose a punitive tax on forex trades?

A senior Chinese official in an official magazine China Finance suggest the Chinese government to impose punitive leve or Tobin tax on forex transactions in Yuan. This suggestion has been made to reduce trading in the Chinese currency thus arresting the fall in forex reserves. Chinese government is offloading huge amounts of US dollars to supprt the falling Yuan ever since its devaluation on 11 August.

Oct 05, 2015 7:10 PM EDT

Global regulators hike capital requirement for big insurers by 10%

The International Association of Insurance Supervisors had agreed to introduce new regulation for insurance company. The regulation will see major insurance companies need to increase their average capital to almost 10 percent.

Oct 05, 2015 8:38 AM EDT