Boeing flexes its muscle to control supplier power
Warren Buffett's acquisition of Precision CastParts Corporation had urged other investors to bet on commercial aircrafts. On the other hand, Boeing Company, the aviation giant is evidently delaying transactions of its suppliers' merging and acquisition deal.
Sep 01, 2015 3:33 AM EDT
China's Yuan up on suspected intervention, set for August loss
The strengthening of Chinese currency Yuan on Monday raised many eyebrows. Market analysts believe that Chinese government support was extended to Yuan unofficially. traders observe that buying support from state-owned banks.
As long as China economy is under pressure, bearishness for copper likely
Copper price slipped below the key supprt levels of $3/lb and $2.4 and as long as China's economy reels under pressure, the metal is more likely to be under bearish phase. If US dollar becomes weaker then chances are more that copper price will pick up.
Jet rivals Amazon with $225M equity funding, the largest ever among U.S. e-commerce sites
The newly launched e-commerce site, Jet, is competing Amazon, the largest e-commerce site in the U.S., acquiring $225M funding it raised just this month. Jet is currently worth $600M.
Latest News
Japan inflation weakens consumer purchasing power in July
Consumers spent less on primary commodities due to inflation rate. With unemployment that is still present Japanese thinking twice how to spend their money wisely.
Aug 31, 2015 10:03 AM EDT
First NBC and State Investors to extend merger agreement to December
First NBC and State Investors extend their merger agreement to December 31 2015. The merger was unanimously approved by both the companies' boards of directors. The shareholders of State Investors approved the merger through a requisite vote.
Aug 31, 2015 10:02 AM EDT
Pentagon taps Boeing, Apple, Harvard to develop wearable tech for soldiers
The Pentagon gave $75 million to a consortium of giant tech and research company to create the next level wearable tech.
Aug 31, 2015 9:54 AM EDT
Naver Corp waits for better market conditions before deciding on IPO
Line Corp is not yet going to IPO this year, according to reports. Its owner, South Korean web portal operator Naver Corp, is still observing the market volatility before deciding on when to put Line on IPO.
Aug 31, 2015 9:51 AM EDT
Two Harvard graduates make it easier to choose the right health plan thru data analysis
Harvard graduates Grace Gee, 21, and Eugene Wang, 25, uses their HoneyInsured to solve the difficult process of choosing the right health insurance plan online.
Aug 31, 2015 9:50 AM EDT
Finland's Nokia agrees on China joint venture with Huaxin
Finland Nokia agreed tohave a joint venture with China Huaxin and will be called Nokia Shanghai Bell to reinforce the companies' presence in China.
Aug 31, 2015 4:58 AM EDT
Uber hires 2 hackers to secure its fleet
Uber has recently hired two other technical experts in the person of Chris Valasek and Charlie Miller. Both will be working on Uber's Advanced Technology Center, which will work on vehicle safety and autonomy as well as mapping.
Aug 31, 2015 4:55 AM EDT
Twitter reveals diversity goals for 2016
Twitter reveals to the world its diversity goals for 2016 that included increasing women and colored people.
Aug 31, 2015 2:54 AM EDT
Virginia TV Shooting Shakes News Crews
The shooting of two journalists during a live shot has planted anxiety and fear among news crews. Although experts claim that there won't be an extensive shrinking in live reporting, rumors say that some stations are trying to restrict doing remote live reports for the mean time.
Aug 31, 2015 2:51 AM EDT
China raises counterfeiting to the next level with a fake Goldman Sachs
Everyone has heard of fake designer bags, earrings and watches but faking Goldman Sachs is an entirely new level of counterfeiting.
Aug 31, 2015 2:47 AM EDT
Uber Closing In on $1B Fundraising Campaign
Uber China draws near the closing of its $1B campaign for expansion plans. Investors have decided to fund Uber and raise its valuation to around $7.5 billion.
Aug 31, 2015 2:45 AM EDT
Out of the box: Instagram update allows users to upload landscape and portrait photos and videos
The most recent update of the ever popular photo-sharing app now lets users upload their videos and photos in portrait and landscape modes.
Aug 31, 2015 2:43 AM EDT