Claren Road Investors want their money back; Prepares to pull out $2B from the hedge fund
Investors are ready to pull half of their money out of Claren Road Asset Management thinking that the company has come to the end of the road. This is another blow for the Carlyle Group LP’s firm.
Aug 19, 2015 1:09 AM EDT
Feds give Shell go signal to drill for oil in Arctic Ocean off Alaska
US federal government gives two thumbs up for Royal Dutch Shell to start drilling in the Arctic Ocean this summer.
FCC denies $3.3B subsidy claim of Dish Network
The Federal Communications Commission prohibits Dish Network Corp. from availing the $3.3 billion credit to get more airwaves through spectrum.
How to Create Loyal Customers in 5 Easy Ways
Running a business is difficult. It is even more difficult to create loyal customers. To keep them coming back, know what they want and what they need. Acknowledge their complaints and concerns and resolve it in a timely manner. Excellent customer service should be provided.
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What has schooling got to do with retail? India's top e-retailers are running free 'universities'
Free “universities” are becoming a fast growing trend among India’s top online retailers with millions of merchants in the country selling their products online.
Aug 18, 2015 9:10 AM EDT
Mixed news regarding the economy ultimately leads to rising U.S. stocks
Two market forces acting on opposite ends of the economy ultimately lead to rising U.S. stocks. The rate of manufacturing slowing down within the state has plunged to near historic levels while the world was caught by surprise as China's yuan was devalued last week.
Aug 18, 2015 7:32 AM EDT
Merkel makes case for Greek bailout ahead of key parliamentary vote
Facing a potential rebellion from allies in parliament, German Chancellor Angela Merkel appears on TV trying to shore up support for a Greek bailout. Merkel says she expects the International Monetary Fund to take park in the bailout.
Aug 18, 2015 7:06 AM EDT
Grain Leader Cargill Buys Salmon Market Leader EWOS for $1.5B
Cargill agrees to buy EWOS in a deal that would also make the grain market provider a leader in aquaculture business.
Aug 18, 2015 6:53 AM EDT
America Movil to cut roaming charges to prevent AT&T from stealing market shares in Mexico
As AT&T moves to Mexico, America Movil announced that it would eliminate its roaming charges to prevent its rival from stealing the market share in their home turf.
Aug 18, 2015 6:48 AM EDT
World stocks mostly higher on steady Yuan, Greece expected bailout
Most of the world stock markets were higher last Monday due to the steady Yuan and the expected bailout of Greece.
Aug 18, 2015 4:51 AM EDT
New York Manufacturing Index shrinks to -14.92 level; its lowest since 2009
A New York Federal Reserve survey reveals that manufacturing activity in the state has dropped to the lowest point since 2009.
Aug 18, 2015 4:50 AM EDT
BP faces over $28 million fine as FERC judge upheld price rigging charges
FERC issued a Show Cause Order to BP for the $28 million fine over price rigging charges in 2008. This is the latest among a series of multi-million cases against BP.
Aug 18, 2015 4:47 AM EDT
Inside the Billion Dollar Startup Club: Top 5 Fastest Unicorns in the World Today
It takes a lot of hard work for a company to reach $1 billion valuation. But some are faster than the rest. Here are 5 of them who reached the unicorn status in the shortest time.
Aug 18, 2015 1:43 AM EDT
India recruits private sector executives to head state bank reforms
The Indian government recruited executives from the private sector to lead two of the biggest state-owned banks, making it the first such appointments in a wide-range reform strategy to challenge the dominant but often inefficient lenders backed by the government.
Aug 17, 2015 11:32 PM EDT
Yuan to move up and down as economy stabilizes: China central bank
The world was shocked to see China yuan drop against the dollar for two consecutive days, making it the currency’s biggest fall in decades but chief economist Ma Jun said that the currency will be expected to move in both directions.
Aug 17, 2015 8:56 AM EDT
Fraudulent activities are rampant in the digital ad ecosystem, says former Forbes.com CEO
Former Forbes.com CEO Jim Spanfeller exposed the fraudulent activities surrounding the digital ad ecosystem.
Aug 17, 2015 8:40 AM EDT
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