Drop in UK export brought fears for pound's stability
UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.
Sep 11, 2015 9:09 AM EDT
Toyota suspends production at three Japan plants due to heavy rains
Toyota announced the company will suspend its day production in three plants located in Miyagi until further notice, as a safety precaution. Japan have been hit by flood after Typhoon Etau hits the country.
T-Mobile's New $20-a-month iPhone 6S Deal Defeats Apple's Own Rate; Offer Deemed Too Good to be True
T-Mobile’s Jump on Demand plan shines like a good deal but only for T-Mobile loyals, according to several expert opinions.
Czech Inflation Slows by 0.3 percent as Central Bankers Plans on Price Growth
The Czech inflation rate dropped to 0.3 percent in August, from July’s 0.5 percent, as reported by Czech Statistical Office Wednesday.
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Avon to raise funds via PE, stake sale; stock turns volatile
The US-based beauty products company Avon is making every effort turn it around. To raise the funds, the company is tapping PE route in addition to exploring stake sale. After the fund raising news hit the market, shares become highly volatile on NYSE.
Sep 11, 2015 8:47 AM EDT
Lockheed Martin Corp. files protest over U.S. Army's award of a $30B project to Oshkosh Corp
Lockheed Martin Corp. had filed a protest with U.S. Governemtn Accountability Office to overturn U.S. Army contract awarded to Oshkosh Corp. Results will be out on December 17.
Sep 11, 2015 8:45 AM EDT
Freeport-McMoRan hires JPMorgan to help explore options
Freeport-McMoran hires JP Morgan after activist investor Carl Icahn said that teh company is undervalued and in need of corporate change.
Sep 11, 2015 8:41 AM EDT
U.S. stocks scored high as investros wait for Fed decision
The S&P 500 gained 0.5 percent on Thursday evening with Apple Inc. stock, boosting the index with an increase of 2.2 percent. However, investors are still cautious as policy makers are set to hold a meeting next week to decide regarding rate hike.
Sep 11, 2015 8:36 AM EDT
GE sells transport finance unit to BMO
The US-based global major General Electric has decided to sel the transportation finance unit of GE Capital to BMO Financial Group. GE has decided to focus on its core industrial segment, while disposing non-interest business divisions. It has set a target of $100bn for 2015 through asset sale.
Sep 11, 2015 8:28 AM EDT
Shanghai Gold Exchange allows gold, other securities as collateral trading
Shanghai Gold Exchange has allowed physical gold as collatarel on futures contracts. The exchange has also approved silver, Yuan-denominated stocks, bonds, treasuries as collateral usage. The move is aimed at enhancing trading volumes and attractive investors from other markets.
Sep 11, 2015 8:27 AM EDT
Kmart brings back layaway program, launches No Money Down Leasing for holiday shoppers
There are two options to purchase from Kmart this holiday season: the No Money Down Layaway Program and the No Money Down Leasing Program. The options which started last week will run until the end of November.
Sep 11, 2015 6:50 AM EDT
Nintendo partnered with Niantic to develop the real-world mobile game, Pokémon Go
The much-loved cartoon monsters on TV, Pokémon, will have its mobile game version in 2016. Nintendo tied up with Niantic to launch the free-to-play game Pokémon Go. Players could catch pocket monsters around their vicinity through their smartphone's location.
Sep 11, 2015 6:22 AM EDT
Apple TV Shows Promise, but It Still Doesn't Change the Way People Watch TV
The new Apple TV has a lot of promising features, including the Siri remote, but critics say it doesn’t really revolutionise the way people watch television.
Sep 11, 2015 6:19 AM EDT
French Industry Production Plunges Lower to 0.8%, Lowest Since November 2014
French industy forcasted a 0.2 increase in production but had it unexpectedly drop to 0.8%, a number lowest since November 2014.
Sep 11, 2015 6:13 AM EDT
Matahari Mall launches in Indonesia, with $500M funding from Lippo Group, Aims to be "Alibaba of Indonesia"
Matahari Mall officially launched Wednesday with ambitions to be the “Alibaba of Indonesia,” with $500 million funding from real estate giant Lippo Group.
Sep 11, 2015 6:11 AM EDT
Two Giant Debt Collectors Ordered to Refund a Collected $61million to Consumers
Two of the largest debt collection companies are ordered by the Consumer Financial Protection Bureau to refund a collected $61 million to customers for allegedly using deceptive strategies to collect debt.
Sep 11, 2015 5:50 AM EDT
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