No New CEO for Twitter until Labor Day; Co-Founder Among Top Candidates
Twitter’s board had a meeting Thursday to hopefully decide on a new CEO, but they didn’t name one yet. Reports claim that they will choose a new CEO after the Labor. Co-founder Jack Dorsey is the leading candidate for the position.
Sep 05, 2015 6:25 AM EDT
Sanofi's Genzyme pays $32.59M penalty for misbranding, unlawful usage of Seprafilm surgical implants
Genzyme Corporation agrees to settle on deferred prosecution agreement with the government to pay a penalty of $32.59M regarding the illegal use of Seprafilm with laparoscopic surgery.
Interest rate hike could harm global economy - IMF
The International Monetary Fund warns of the danger of an interest rate hike to the global economy. Instead of raising rates, the fund says advanced countries should focus on growth-friendly programs.
T-Mobile launches built-in video calling feature to Samsung phones
T-Mobile made an announcement about its plans of pre-installing the Video Calling feature in select Samsung phones. T-Mobile said it will change the way American make calls.
Latest News
Over diversification could dent returns on your funds
Investing in too many funds will not five desired results if correlation among them is high. Making a balancing act in portfolio of stocks, bonds, currencies, treasuries needs expert advise. Analysts advise investors to do some home work before taking investment decision.
Sep 04, 2015 8:57 AM EDT
Dominant Apple gets a big bite in the market share pie
Apple iPhones get the lead in the most saleable smartphone in the U.S. surpassing its tough rival Samsug and other smartphone manufacturers. Android is still the most favored operating system by users.
Sep 04, 2015 8:55 AM EDT
$40 Oil Price and its Impact on U.S Economy
Sharp drop in oil price might be good for the U.S instead of bringing more bad effect. Commodities such as oil is slowly declining following the Black Monday selling pressure on 24th August raising concern among investors regarding current world economics.
Sep 04, 2015 8:54 AM EDT
US job gain projections turn spotlight on rate hike
The positive projections for job growth in August are giving much scope for speculation on possible rate hike by US Federal Reserve. The next meeting of Fe is scheduled on 16-17 September. The drop in unemployment rate is also aiding the speculation on rate hike.
Sep 04, 2015 8:50 AM EDT
Ex-Sony Pictures employees filed a class action lawsuit settlement over "The Interview" hacking
Former employees of Sony Pictures Entertainment proposed a class action lawsuit over the film company regarding the cyber attack incident divulging 50,000 personal records of Sony employees in 2014.
Sep 04, 2015 8:49 AM EDT
Strong fundamentals push Ashtead stock to lead Footsie-100
Ashtead was highest gainer among Footsie stocks on London Stock Exchange (LSE) as encouraging first quarter results buoyed the investors. The company has also assured the investors for strong revenue growth in the near future as well.
Sep 04, 2015 8:47 AM EDT
Trading apps make the way for influx of young investors
Shrugging off the market turmoil, many young investors are entering the stock market. As a result, new account openings are doubling. There were more buy orders from young investors rather than selling. Adding to this, new trading apps like Robinhood are attracting youngster in a good number into stock market trading.
Sep 04, 2015 1:31 AM EDT
Smart watch war: Huawei versus Apple Watch
Apple has been dominating most of the market share in the digital world. Now Huawei is making its grand entrance via its new Huawei Watch - Apple's new tough rival.
Sep 03, 2015 11:36 PM EDT
Google Gets a New Logo
Google just made the biggest redesign on their logo since 1999 a month after the company restructuring. Google new logo feature a softer color tone and is made of sans-serif typeface.
Sep 03, 2015 11:33 PM EDT
Citigroup says it's time to rebuild its equities unit
Citi group is planning to rebuild its equities unit even during current economic crisis as they believe that the investment is more lucrative compared to fixed income investment.
Sep 03, 2015 11:30 PM EDT
August sell-off leaves William Ackman's hedge fund with flat gain in 2014 so far
The massive sell-off across global markets took a toll on hedge funds' performance including William Ackman. His Pershing Square LP suffered 7.7 percent loss in August taking the overall year growth to 0.06 percent. With a huge gain of 40 percent in 2014, Ackman was the one of the best performers in the hedge funds until August.
Sep 03, 2015 11:26 PM EDT
Reebok rebrands as a fitness center in the U.S. and Europe
Reebok, the shoe brand is turning into fitness centers. Its "Be More Human" campaign challenges people to test their physical strength in group sessions. Earlier on, it had launched in the U.S. This week, the campaign will roll out in Germany.
Sep 03, 2015 11:26 PM EDT