IRS Rejects Yahoo's Tax-Free Alibaba Spin-off Request, Sending Stocks Down 4%
IRS rejects Yahoo’s plan for a tax-free Alibaba spin-off, which Yahoo hopes would have been a move to give back money to shareholders. Yahoo shares dropped 4% after the news.
Sep 09, 2015 10:59 AM EDT
Recent Study Shows Top 300 Pension Fund Assets Are Now Over $15 Trillion
Recent research conducted both by Pensions & Investments (P&I) and consultants Towers Watson has revealed that the combined assets of the top 300 pension funds has now reached $15 trillion.
Asian Currencies Increased as Global Stocks and Chinese Shares Rally Boosts Sentiment
Asian currencies increased due to sharp rebounds in the global equity markets and in Chinese shares Wednesday boosted risk sentiments.
Paddy Power, Betfair £5B merge deal expects to complete process by 2016
Two of the Britain's online betting site, Paddy Power and Betfair, confirms the merging deal worth £5B. It is expected to be completed next year, which will make them the largest online gambling company in the whole world.
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500 Startups Slowly Conquering the World with Six New Investment Partners
500 Startups looks to find its new unicorn by hiring six new partners to play specific important roles all over the world.
Sep 09, 2015 9:55 AM EDT
Japan's Economy Reduces at a Minus 1.2 Percent Annual Rate in Q2
Japan’s economy contracted at a minus 1.2 percent annual rate, as seen in its second quarter report.
Sep 09, 2015 8:54 AM EDT
Merger of Four Major Insurance Companies May Harm Healthcare Industry
Doctors, Hospitals, and Healthcare groups fear that the Anthem-Cigna and Aetna-Humana mergers may bring harm to the healthcare industry.
Sep 09, 2015 8:39 AM EDT
One Third Of US Workers Say They're "Free Agents," Not Tied To Just One Boss
A total of 31% of US workers consider themselves free agents. They don’t want to work for the “Man” anymore and be tied up to just one boss.
Sep 09, 2015 6:48 AM EDT
Facebook Waits To Hit A Billion Users For Messenger Before Turning It Into A Meaningful Business
Mark Zuckerberg said they will wait for Messenger to have a billion users and create organic interactions before monetizing it for more income.
Sep 09, 2015 6:41 AM EDT
Will Lenovo, HP and Dell consolidate in the PC market in the coming years?
Michael Dell said it in a press briefing in Bengaluru, India, that he sees three top PC makers will consolidate in the desktop market in five years. These are Lenovo, HP and Dell.
Sep 09, 2015 6:25 AM EDT
Disruptive technology destabilizes the economy as we enter the venture capital revolution
Analysts say that as we enter the venture capital revolution, majority of capitalist venture on disruptive technology. Thus, it creates imbalance in our economy, neglecting other areas that need to be developed like health, food and education.
Sep 09, 2015 6:18 AM EDT
Zomato restaurant discovery acquired $60M funds; Introduces Whitelabel platform
Zomato, the app and the website that provides detailed information to 1.4 million restaurants around the world acquires $60M fresh round funding. The company will use it to develop new services and to improve its Whitelabel platform.
Sep 09, 2015 6:18 AM EDT
After 25 years, China revises down GDP growth to 7.3%
The latest data from National Bureau of Statistics confirms slowdown in China's economy. The revised GDP growth for 2014 to 7.3 percent from 7.4 percent raises doubts over the government target of seven percent for 2015.
Sep 09, 2015 5:35 AM EDT
Amazon to Release $50 Tablet This Holiday as it Struggles to Sell Pricier Devices
As Amazon struggles on its sale for pricier tablets, it resolved to go down the market with its new $50 6-inch tablet.
Sep 09, 2015 4:10 AM EDT
Pfizer's Arthritis Drug Patent Rejected in India
Pfizer’s patent for a new medicine was rejected by India again. This is another setback for the multinational company who has been trying to penetrate the Indian healthcare market.
Sep 09, 2015 3:51 AM EDT
Lyft, Uber Pirates Key Twitter Employees Amid Turmoil
As Twitter is facing management problems and drop in stocks, Lyft and Uber come to poach some of its key employees.
Sep 09, 2015 1:52 AM EDT
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