Formula One Teams Burn up $300 Million of Debt, 64.2% from Lotus
10 F1 teams are under a total $300 million worth of debt, with Lotus accounting to 64.2% of the debts. Just last month, Lotus was ordered by the courts to pay almost £600,000 of debts. This was after it failed to pay 27 of its bills.
Sep 01, 2015 4:35 AM EDT
The US stocks turn attractive on lower PE ratios
After the market downfall, many US stocks turn attractive as they're no more over prices equities. The lower PE ratios make it attractive for investors.
T-Mobile starts targeting 3,000 LTE tethered data 'thieves'
T-Mobile chief executive John Legere warns abusive users taking more than what’s allocated that the company will be going after them.
Richard Branson suggests everyone should take meeting notes, not just women
Gender bias is still present in workplaces all over the world. Here are suggestions from experts on how to eradicate this issue in the corporate world.
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Minecraft creator expressed existential meltdown on Twitter, feeling unmotivated, isolated
Minecraft creator Markus Persson feels isolated, alone, and unmotivated, after selling the game to Microsoft. He took to Twitter to express his emotions on Saturday in a series of freakout meltdown.
Sep 01, 2015 4:07 AM EDT
Disney knows The Force is strong with Star Wars merchandise as it plans to push sales
Disney will aggressively promote its Star Wars merchandise using YouTube’s “unboxing” platform and ABC to hype up fans for the upcoming movie.
Sep 01, 2015 4:04 AM EDT
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.
Sep 01, 2015 3:26 AM EDT
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.
Sep 01, 2015 3:21 AM EDT
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.
Sep 01, 2015 2:29 AM EDT
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
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