China Changes How to Report GDP to Meet IMF's Standards
In an effort to improve current economic situation, Chinese authority is adopting IMF standard to report their GDP to make sure any changes in the economic will be reflected in the data. The move is also part of China effort to obtain a reserve currency status for Yuan.
Sep 10, 2015 8:02 AM EDT
Excellus BlueCross BlueShield health insurance has been hacked; 10 million members affected
Excellus BlueCross BlueShield health insurance confirmed on Wednesday that their IT systems has been hacked. The attack dates back to 2013. Around 10 million personal information are sneaked from their databases.
Hong Kong tycoon to launch Vuclip in South Africa; Will compete against Netflix and ShowMax
Richard Li, the Hong Kong billionaire, will compete against Netflix and ShowMax in South Africa. His company, PCCW Media purchased Vuclip last March making the VOD service available in South Africa next week.
Boeing loses four freighter orders as cargo market weakens
Boeing has lost orders for four 747-8 freighters as the air cargo market weakens amid an economic slowdown. The loss brings to zero the net orders for the iconic jet this year. Despite that, the planemaker says production goes on as planned.
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Sunac' ratings unchanged: Moody's
After the strategic partnership with Yurun, there wouldn't be immediate change in Sunac China Holding's ratings, according to rating agency Moody's. Investors of Sunac reacted negatively pushing share price down, while shares of Yurun posted encouraging rise. Sunac's CEO Sun Hongbin stepped down, but will remain as Chairman of the group.
Sep 10, 2015 7:25 AM EDT
Fiat Chrysler Jeep Renegades recalled due to software glitch
Thousands of Jeep Renegades had been recalled by Fiat Chrysler due to the possible attacks on drivers which can be done remotely. This imposes great danger to the driver's safety, not only meeting an accident but also forcibly getting his car by unsuspecting attackers.
Sep 10, 2015 7:15 AM EDT
Better earnings for Apple-associated EMIS Group
Since EMIS Group partnered it Apple, its revenues became higher. Patients are better served and could monitor their every health aspects on their own.
Sep 10, 2015 7:09 AM EDT
Versa Cars Recalled by Nissan
Nissan announced the recall of its Nissan Versa Sedans and Versa Notes due to complaints from its car owners. Federal Regulator demanded the motor company to do something good with the said cars or be liable for fines.
Sep 10, 2015 7:05 AM EDT
Investors withdraw from US Oil Fund amid rising volatility
The high volatility in the global oil market has led to huge offloading in 'The US Oil Fund.' 19.3 mn shares were sold off making it a record weekly redemption since the ETF inception in 2006. global economy slowdown particularly adverse conditions in China market are adding to the volatility in oil price.
Sep 10, 2015 7:01 AM EDT
Free Mobile TV from Verizon
Now, you can watch your favorite show anytime and anywhere with your mobile. Thanks to Verizon and its Go90 service, Verizon customers or not can enjoy watching TV shows such as the National Football League and Food Central to name a few right from their mobile at no charge.
Sep 10, 2015 6:47 AM EDT
Uber Customer Approach Varies Widely in NYC, DC and Seattle
Uber’s approach in dealing with customers differs widely in each region. New York is all about the busy people, Seattle is all about being utilitarian, and Washington D.C. is all about the staff of the politicians and government officials.
Sep 10, 2015 6:45 AM EDT
Toshiba Posts 37.8 Million Yen Net Loss Amid Accounting Turmoil
After being delayed twice, Toshiba finally submit its books reporting posted a net loss of 37.8 billion yen ($318) for the last 12 months to March 31 amid its recent accounting scandal.
Sep 10, 2015 6:38 AM EDT
Uber Plans Expansion to 100 Cities in China and Take on Biggest Chinese Rival
Uber plans to expand to 100 more cities in China when it raised $1.2 billion to contest China’s number one taxi-hailing company Didi Kuaidi.
Sep 10, 2015 6:35 AM EDT
5 Common Pit Holes to Avoid in Launching a Virtual Company
There are five common pit holes that must be avoided to run a successful virtual company. The internet has become a very important tool for a business to succeed.
Sep 10, 2015 6:27 AM EDT
Understanding What IRS Doesn't Say on Section 1038 - Exclude Gain Sale of Home and Recognize Gain on Repossession
Understanding what the IRS Code says is not enough; it is also important to understand what it doesn’t say, as what recently happened with the DeBough case.
Sep 10, 2015 6:05 AM EDT
After 3 attempts, ICE to launch Singaporean Futures Exchange in November
After withdrawing from launching plans of Singapore Futures exchange for three times, ICE has set a date for launching it on 17 November. It'll offer five five futures contracts in Brent, gasoil, gold and two contracts in Yuan currency.
Sep 10, 2015 5:59 AM EDT
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