Result Page 258 for Archives

Toshiba to offload stakes in white goods biz to Skyworth

After feeling the heat of $1.3billion accounting scandal, Toshiba has undertaken restructuring plan to overhaul its operations including overseas network. Toshiba is selling five percent stake each in two whitegoods units to Chinese firm Skyworth Digital Holdings. Toshiba has convened an EGM on 30 September to discusson on future plan.

Sep 27, 2015 9:02 PM EDT

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Split in hedge funds group over Puerto Rico's restructuring plan

The group of hedge funds seems to be slitiing off over the restructuring plan for the ailing Puerto Rico economy. Recently the Islan's governor Alejandro Garcia Padilla said that debts were unsustainable. Since then difference of opinion has started widening further among the members. On the other hand, there's increasing voice against the participation of Antonio Weiss in the restructuring talks as it leads to conflict of interest.

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US home sales rise in August, Q3 forecasts in tact

New home sales were up in August, while business investment eased in August. The latest data for August indicates that US economy is not disturbed much with ongoing slugishness in the global economy. It's estimated that earlier forecast on US GDP growth rate of 1.4 percent is possible for the third quarter.

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Sprint is offering iPhone 6S at $1 per Month

Sprint mobile carrier is now offering the lowest price for the new iPhone 6 at $1 per month. The new offer comes few days after T-Mobile started the price war when it is offering the new iPhone 6S at $5 per month.

Goldman Sachs leaves rivals far behind in M&A race

Goldman Sachs achieved a robust year of performance in mergers and aquisitions (M&As) space this year so far leaving its rivals far behind in terms of revenues and fees. Goldman Sachs earned a market share of 12.3 percent in M&A space globally, while JPMorgan and Morgan Stanley were left with market shares of 8.1 percent and 7.7 percent respectively.

Sep 27, 2015 8:44 PM EDT

Second Interest Rate cut for Norway

Norway's Central Bank, the Norges Bank announced that it is cutting the country's interest rate to o.75 percent today. This is the second rate cut for this year and the third in 10 months. The rate cut signals a weakening economy in the country's key sector.

Sep 27, 2015 8:39 PM EDT

Final meeting for Trans-Pacific Partnership (TPP) will be held next week

Washington is planning to wrap up the TPP agreement in a meeting in Atlanta next week. Few issues will be resolved during the meeting such as for automotive industry, dairy products, and biological drugs.

Sep 25, 2015 8:05 AM EDT

US Fed Chair Janet Yellen hints at rate hike in 2015

The US Federal Reserve Chair Janet Yellen said she expects interest rate hike this year. The improvement in labor market is the prime reason that give much comforatble level for Fed to take a decision on raising rates. She also expressed her hope that inflation rate will reach to the government's target. the uncertainty over interest rates is causing weakness in the financial markets, she said.

Sep 25, 2015 7:36 AM EDT

Motorola Solutions pruning costs to enhance profit

US-based telecom equipment provider Motorola Solutions is keen on cost cutting drive to enhance profitability of the company. The pressure on sales and market competition are impacting the company's performance. The continuous drop in gross margins is worrying the comapny.

Sep 24, 2015 9:25 PM EDT

Apple just released iOS 9.0.1 to fix the "Slide to Upgrade" bug

Apple just released a major update for its latest iOS 9 today, a week after around half of its users failed to update their devices due to a major bug problem. The update will fix not only "Slide to Upgrade" issue but also other problems reported by users that have been using the latest iOS.

Sep 24, 2015 9:18 PM EDT

Alexis Tsipras retains economic government to battle crisis

Greek Prime Minister Alexis Tsipras appoints the same people for his new economic team that would handle the biggest modern world crisis.

Sep 24, 2015 9:08 PM EDT

Top Crowdfunding Sites For Entrepreneurs Looking to Make their Startups and Projects Come to Life

Crowdfunding is the next wave of raising money to make startups and projects come true for entrepreneurs and Forbes gives a list of the top crowdfunding sites out there.

Sep 24, 2015 8:54 PM EDT

Flat trading is not bad, stay invested

When the market is flat, investors need to bepatient until it gets momentum upwards, advise investment managers. Majority of investors turn panic when markets are nosediving and offload their stocks at worst price. Some investors tend to just be spectators of the market rise. They don't take any action missing the profit booking opportunity.

Sep 24, 2015 8:47 PM EDT

Smartest ways to budget baby spending for new parents

Having a baby is very expensive and it would be wise to get the smartest tips on how to navigate your way through budgeting for your spending as a new parent.

Sep 24, 2015 8:41 PM EDT

20 Active Job Listings with as much as 10 Percent Pay Raises Over the Year

Job and career website Glassdoor reported 20 active job listings that have undergone 3 to 10 percent salary increase from 2014 to 2015.

Sep 24, 2015 8:37 PM EDT

Facebook to Make Money from Messenger

Facebook may monetize how customers connect with businesses through its new Messenger app. Facebook's new Messenger app has made it easier for businesses to have an organic connection with their customers, which could yet be another way for the giant social media platform to earn money.

Sep 24, 2015 8:42 AM EDT