Greek stock market plunges sharply after re-opening
Greece's stock market plummeted when it re-opened Monday. The biggest casualties were banks which shed 30%.
Aug 04, 2015 11:56 PM EDT
Trouble in the North: Canada's economy continues to shrink
The slowdown in most of Canada's industries and the weakening value of its currency added to the shrinkage of its economy by 0.2% in May. For five consecutive months, Canada has been experiencing a "complex and significant adjustment", as Bank of Canada governor Stephen Poloz calls it.
Auto insurance industry clueless on driverless cars
Car insurance companies are alarmed at how much they would potentially lose when the driverless cars dominate the market in the coming years.
Gravity Payments pulled down due to $70,000 minimum wage announcement
What started out as an idealistic vision to uplift morale and productivity within Gravity Payments soon came back to haunt it once CEO Dan Price realizes that the change requires more than what he was willing to pay for.
Latest News
Twitter shares drop 15%; Is the microblogging platform ripe for a takeover?
As Twitter shares dip to near its lowest point since its IPO, analysts ask if the company may be due for an acquisition.
Aug 03, 2015 11:26 PM EDT
Stock markets expected to be under 4% annual growth
The slowdown in major economies is impacting the corporate performance and putting pressure on sales growth. Analysts forecast that the annual growth rate of stock markets is under 3.5% when adjusted with inflation.
Aug 03, 2015 10:30 PM EDT
Germany's luxury automakers buy Nokia's maps
Germany's luxury carmakers acquire Nokia's HERE maps for a little more than $3 billion. The acquisition is unprecedented in the auto industry amid growing competition for self-driving car technology.
Aug 03, 2015 10:04 PM EDT
Mexican government hikes dollar auction by almost 4 folds; holds rates
The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction to support the Mexican peso and waiting for US decision on interest rates.
Aug 03, 2015 1:42 AM EDT
Chime Communications board okays GBP365M cash offer
The sports marketing business major's shares rose over a quarter as Providence Equity Partners, WPP made an offer.
Aug 03, 2015 1:27 AM EDT
H&H Group acquired John Swan & Sons for £8.2M; shares soar by 15%
John Swan & Sons' shares went up by 15% when H&H Group officially announced they are purchasing the livestock services.
Aug 02, 2015 10:19 PM EDT
Falling world oil prices result in job cuts
Energy giants take a hit as oil prices collapse. A number of companies, including Shell and Centrica in Britain, are cutting thousands of jobs to cope with losses.
Jul 31, 2015 8:21 AM EDT
US tech companies lead the $100B market capitalization list
The US technology and internet companies' market capitalization has soared significantly. Among the top 100 global companies by market capitalization, technology companies lead the pack as they grew since 2009 after the global economy recession.
Jul 31, 2015 2:42 AM EDT
3D sensor maker Occipital gets $13 Million in Series B funding
Occipital, maker of the Structure 3D sensor and software kit for iOS, gets $13 million in funding from a group of investors
Jul 30, 2015 11:35 PM EDT
Facebook posts Q2 gains, but expenses worry investors; shares rise, fall
Facebook's stock was volatile in after-hours trading despite surpassing second quarter expectations on almost every metric. Shares dropped then rose following release of its earnings report. The stock fell again on weak outlook.
Jul 30, 2015 8:38 AM EDT
Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?
Treasury Secretary Jack Lew writes to the US government alerting it on soaring debt burden. The world's largest economy is left with no option but to raise debt ceiling or face the risk of default.
Jul 30, 2015 5:11 AM EDT
Victoria's Secret is losing $9B for casting out plus-size lingerie
The lingerie brand, Victoria's Secret is losing $9b profit upon not venturing to plus-size lingeries.
Jul 30, 2015 1:36 AM EDT