Alphabet reports an increase in revenue and announces shares buyback plan
Alphabet Inc, parent company for Google announces that the company third0quarter revenue increases by 13 percent. The company also announces shares buybcak plan of up to $5.09 billion.
Oct 23, 2015 2:38 AM EDT
Biogen to cut 880 jobs and end several research projects in company restructuring
Biogen stated that it will cut about 880 jobs and stop some research project in drug developments due to the company restructuring. The move will save $250 million in a year and will be invested back for more promising programs.
Japan Tourism Boost Due to Foreign Tourist Influx with Expenditure $8.3 billion, Free Spenders are Chinese Visitors
Japan's Tourism Economy is booming due to Foreign visiting the country. The esxependiture rate ranged into 1 trillion yen ($8.3 billion) and the big spenders contributing the number are Chinese tourists.
United Kingdom To Give off Two Year Multiple Entry Visas to Chinese Tourists to Boost UK Tourism Economy
Amid the Chinese President, Xi Jinping state visit in United Kingdom, the British Prime Minister announced that they are granting Chinese visitors two Year Multiple Entry Visas. The British government is also aiming to strengthen the China-UK relationship.
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GM Pre-Tax Profit Higher than Expected
General Motors exceeded expectations with a pre-tax profit increase of 37 percent or $3.1 billion in the third quarter thanks to strong sales in North America and improved performance in China.
Oct 22, 2015 4:16 AM EDT
Ferrari prices IPO at $52 per share, bringing its market capitalization to $9.8Bn
Italy-based luxury car maker Ferrari prices its initial public offering at $52 Tuesday, bringing its market capitalization to almost $9.8 billion.
Oct 21, 2015 9:27 PM EDT
Travel Booking Website Expedia Adds New Tool Disclosing Airlines' "Hidden Costs" for more Transparency Views of their Site
Expedia launch a new option tool that will reveal airlines other hidden costs. The travel booking site is attempting to increase the transparency view of their site to out stand their competitors.
Oct 21, 2015 10:34 AM EDT
China's Sinopec plans to buy majority shares from petrochemical firm Dragon Aromatics, after suffering fire accidents
China’s Sinopec Corp plans to buy petrochemical firm Dragon Aromatics after a series of accidents, which involved explosions and fires that jeopardized the lives of the residents in the locality.
Oct 21, 2015 9:47 AM EDT
It's time for rate hikes - Fed officials
More and more Fed officials are encouraging starting the interest rate hikes to keep up with the looming inflation rate increases due to the economic growth.
Oct 21, 2015 9:46 AM EDT
China's economy posts weakest growth in six years
China posts its slowest growth since the financial crisis, fueling speculations of further government intervention. The world's second-biggest economy posted GDP growth of 6.9% in the third quarter, its weakest in more than six years.
Oct 21, 2015 8:36 AM EDT
Opinion among Federal Reserve Policymakers on U.S. rate hike isn't as divided as it seems
There are opposing views on the interest rate hikes among Fed officials, but there are others who believe that this division aren’t truly as they seem, since they all operate under the same procedure when considering rate hikes.
Oct 21, 2015 12:20 AM EDT
Blackstone to acquire Manhattan's Stuyvesant Town for $5.3 Billion
Blackstone Group LP is nearing a deal to acquire the Manhattan's Stuyvesant Town for $5.3 billion and ending the housing crisis there. The company is set to sign a deal with the Mayor, Bill de Blasio and CWCapital this Tuesday
Oct 20, 2015 9:19 PM EDT
Alibaba does not want to be listed under "Notorious Market" list for this year
Alibaba representatives have been working hard to lobby the US Trade Representative not to include both Alibaba.com and Taobao in the agency's list for this year. The list contains all websites and store selling pirated goods is expected to be released by November this year.
Oct 20, 2015 8:59 PM EDT
U.S. DoT to enforce registry for drone owners in December
The Obama administration has created a task force to regulate the commercial flying of drones in America. Department of Transportation is targeting to implement it by Christmas this year.
Oct 20, 2015 9:20 AM EDT
Yearender U.S. holiday sales forecast, 2.8% increase
This coming holiday season, holiday sales will have a decent increase giving consumers more spending power. With the huge savings they got from the decline in oil and gas prices, they will surely enjoy shopping.
Oct 20, 2015 9:16 AM EDT
West Virginia Introduces New Marketing Campaign By Using their Local National Parks to Increase Tourist Visitors
West Virginia is has a new marketing campaign to increase tourism in their region. They will make use of their National parks services for tourists promotions.
Oct 20, 2015 9:12 AM EDT
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